Connected Home Security Market is expected to grow at a CAGR of ~ 12% between 2019 and 2029

Persistence Market Research has released a new market study on the connected home security market, which includes the 2014-2018 global industry analysis and 2019-2029 forecast . The global connected home security market was valued at around US $ 300 million in 2014 and is expected to exceed US $ 400 million by the end of 2019 . The connected home security market is expected to grow at a CAGR of ~ 12% between 2019 and 2029 and is estimated to reach a global value of ~ US $ 1.4 billion by the end of 2029.

The Global Connected Home Security Market report contains vital macroeconomic and forecasting factors that are estimated to drive the growth of the global Connected Home Security market. The Connected Home Security Market Report also discusses restrictions that are expected to hinder the global market, along with potential opportunities and the latest market trends along the value chain.

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Emergence of IoT devices to empower the connected home security market

By component, the global connected home security market is segmented into software / platform and services. However, connected home security services can be further divided into integration and deployment, training and consulting, and maintenance and support. In addition, the connected home security software / platform can allow users to protect their smart devices from various types of viruses and malware.

Based on the connected device, the connected home security market is segmented into smart TVs, smart thermostats, smart speakers, smart locks, internet security cameras and other connected devices. The Internet security camera segment is estimated to dominate the global market due to an emerging awareness of security threats around the world. The inherent goal of connected home security installation is to provide security to smart home devices. Therefore, many companies are moving towards adopting cybersecurity solutions to protect cloud-connected home devices without the risks of cyber threats.

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Application-based market analysis reveals key application areas including intrusion and anti-malware protection, device detection and management, phishing and fraud prevention, network security, and other applications. The intrusion protection and malware segment is expected to dominate throughout the forecast period.

The Regional Analysis of the Connected Home Security Market classifies the market into seven regions, namely North America, Latin America, Europe, East Asia, South Asia, Oceania and the Middle East and Africa. In these regions, East Asia and Europe are estimated to grow with a key share in the global connected home security market over the stipulated time frame. However, North America and South Asia also represent healthy potential for the connected home security market due to new business opportunities in their respective regions.

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Emerging market traders are required to account for 30% of revenue shares

The global connected home security market is characterized as consolidated due to the presence of a limited number of connected home security solution providers around the world. For in-depth analysis, PMR has broken down the market structure down to three tiers: Tier 1, Tier 2 and Tier 3. Here, Tier 3 players are estimated to account for a 30% share of the global connected home security market. across the world. Furthermore, the major players in the global market are adopting expansion, acquisition and collaboration strategies in an effort to conquer a significant share of the global market.

In 2019 , D-Link and McAfee announced the D-Link AC2600 Powered by McAfee Wi-Fi Router (DIR-2680), an all-in-one solution that automatically increases the security of devices on your home network.
In 2019 , Commscope completed the acquisition of ARRIS International plc. With this acquisition, the company is expected to drive profitable growth in new markets and shape the future of wired and wireless communications.

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Some of the key players identified along the global connected home security market value chain include McAfee, LLC, D-Link Corporation, Symantec Corporation, Bitdefender, Commscope (ARRIS), Cisco Systems, Inc., F-Secure Corporation, Avast Software. sro, Honeywell International Inc. and Trend Micro Incorporated.

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