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Connected Home Security System Market to reach USD 503 Million by 2027 | Valuates Reports

12-02-2021 10:47 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Valuates Reports

Connected Home Security System Market to reach USD 503 Million

In 2020, the global Connected Home Security System market size was US$ 133.6 million and it is expected to reach US$ 503 million by the end of 2027, with a CAGR of 20.0% during 2021-2027.

Connected home security system is a set of integrated systems connects to your home Wi-Fi network so you can monitor and control your security devices using your smartphone and an app. Entry-level systems typically include a couple of door and window sensors, a motion detector, and a hub that communicates with these devices using one or more wireless protocols such as Wi-Fi, Z-Wave, ZigBee, or a proprietary mesh network. You can add extra door, motion, and window sensors to provide coverage for your entire house and build a comprehensive system that includes door locks, garage door openers, indoor and outdoor surveillance cameras, lights, sirens, smoke/CO detectors, water sensors, and more. The key part of connected home security system is smart Hub or smart control panel. The hub connects to your router via a wired ethernet connection and infiltrates your airwaves with a signal that the smart home devices respond to. Therefore, our data covers the entire system. Our data does not cover separate components.

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In the market, Samsung, Panasonic and other companies can provide a separate device or the entire system equipment. However, some companies only provide the home security system service. These companies do not directly produce home security devices. At present, these companies include Armorax, Moni and Frontpoint, Comcast, Securitas and so on. ADT Security and Vivint can produce connected home security system for their own service platform. Our data covers equipment manufacturers. At the same time, we also list the major service providers in Europe and the United States. Connected home security system is part of a smart home. Therefore, our data does not cover general home monitoring or fire control system.

Home security system service industry has a long history. However, the home security system service platform is a large connection platform. This also brings a lot of problems. Connected home security system is a small system. This system can make up for the deficiencies of large systems. Since 2013, connected home security system has grown rapidly.

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Connected Home Security System Market by Type
➣Monitor System
➣Alarm System

Connected Home Security System Market by Application

Connected Home Security System Market by Regional and Country-level Analysis
➣North America
➣United States
➣South Korea
➣Southeast Asia
➣Rest of Asia-Pacific
➣Nordic Countries
➣Rest of Europe
➣Latin America
➣Rest of Latin America
➣Middle East & Africa
➣Saudi Arabia
➣Rest of MEA

Leading Players in the Connected Home Security System Market
➣Scout Alarm

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