Press release
Worldwide Smart Home Security Market Report 2020: Value Chain And Forecast Analysis Report 2023 | Covid 19 Impact And Recovery
The global smart home security market is expected to grow from $2.6 billion in 2019 to $2.7 billion in 2020 at a compound annual growth rate (CAGR) of 2.3%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 20% from 2021 and reach $4.3 billion in 2023.
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The smart home security systems market consists of sales of smart home security devices and related services. Smart home security devices can be connected to Wi-Fi and accessed from anywhere using smartphones, smartwatch or voice. The security devices produced includes devices such as smart alarms, smart cameras, smart locks, smart detectors, and others. This market does not include the installation of these devices and/or integration with the home set-up.
The smart home security market is driven by increasing crime rates across the globe. With the increasing crime rates, the consumers are increasingly focusing on safety and security systems especially in residential areas. Smart home devices such as smart alarms, smart cameras, and smart lockers are being preferred by the households to be more safe and secure.
Smart Home Security Market Segmentation: -
By Product
1. Smart Alarms
2. Smart Camera and Monitoring System
3. Smart Locks and Sensors
4. Smart Detectors
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By Application
1. Independent Homes
2. Apartments
3. Condominiums
Few Points From Table Of Content
1. Executive Summary
2. Smart Home Security Systems Market Characteristics
3. Smart Home Security Systems Market Size And Growth
4. Smart Home Security Systems Market Segmentation
5. Smart Home Security Systems Market Regional And Country Analysis
……
25. Smart Home Security Systems Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Smart Home Security Systems Market
27. Smart Home Security Systems Market Trends And Strategies
28. Smart Home Security Systems Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the smart home security market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the smart home security market are ADT, Amazon, Honeywell International, Hangzhou Hikvision Digital Technology, Frontpoint Security Solutions, Ring, Samsung
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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