openPR Logo
Press release

The global smart home security systems market is expected to reach USD 55 Bn by 2027. Will Global Smart Home security system market stand on this expected figure?

07-26-2023 09:15 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research Pvt .Ltd

The global smart home security systems market is expected

The smart home security market is highly fragmented due to low entry barriers. The major players in the market are ADT Inc., Honeywell International Inc., Johnson Controls International PLC, Hangzhou Hikvision Digital Technology Co. Ltd, and Abode Systems Inc., among others. Further strategic partnerships and innovations are the driving force for the industry, and the market is evolving faster in terms of technology and features.

To learn more about this report  Download a Free Sample Report
https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2NDg0

IMPACT OF COVID-19 ON THE MARKET

With the shift to working from home, people spent more time at home. Therefore, fewer cases of home burglaries were recorded. However, as these fewer cases of robbery and assaults are witnessed due to social distancing, spending more time at home has also led to increased mental health emergency calls.

The outbreak of COVID-19 has led to an additional motivation and incentive for voice control in the home, which has, in turn, driven awareness and adoption of a range of additional smart home devices and applications. Therefore, a shift in spending toward technology-enabled services for home consumption has increased. Since integrated voice control function in smart devices is particularly important, as it enables people to refrain from touching common surfaces, such as door handles, light switches, and thermostats, smart doorbells and video cameras are also ensuring its users receive deliveries without face-to-face exposure with people outside of the home. Such a change of habit and emphasis on online shopping could support increased smart home adoption long after the coronavirus pandemic is over.

Ask for customization
https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2NDg0

Increasing Competition Globally

Essence Group, a global security solutions provider, announced a partnership with the Portuguese smart access supplier Chaviarte. As an expansion strategy for Essence into the Portuguese market for its WeR@Home security and home management platform, Chaviarte's existing security hardware is expected to be integrated into the latter's core business door lock and entry systems.

Vivint collaborated with Chamberlain Group to offer better control and monitoring of smart homes and garages via a single app. myQ by Chamberlain Group (CGI) offers garage door opener brands. This is expected to help Vivint secure all vital access points to a typical smart home.

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report:

IT Companies
Tech Giants
Government Bodies
Home Décor Brands
Retail Chains
Smart Device Wholesalers
Investors

Time Period Captured in the Report:

Historical Year: 2017-2022
Base Year: 2022
Forecast Period: 2022- 2027

For more information on the research reports, refer to below link:

Global Smart Home Security Market Outlook to 2027
https://www.kenresearch.com/industry-reports/global-smart-home-security-market

Related Reports:

China Cyber Security Market Outlook to 2027F
https://www.kenresearch.com/defense-and-security/security-devices/china-cyber-security-market-outlook-to-2027/596301-16.html

South Korea Digital Locks Market Outlook to 2027
https://www.kenresearch.com/industry-reports/south-korea-smart-locks-market

ContactUs:
Ken Research
supoort@kenresearch.com
+91-9015378249

India

Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The global smart home security systems market is expected to reach USD 55 Bn by 2027. Will Global Smart Home security system market stand on this expected figure? here

News-ID: 3145986 • Views:

More Releases from Ken Research Pvt .Ltd

Ken Research Stated UAE Lubricants Market to Reached USD 1 Billion
Ken Research Stated UAE Lubricants Market to Reached USD 1 Billion
Comprehensive market analysis maps demand pockets, re-export corridors, and strategic imperatives across automotive, industrial, and marine end-use in the UAE's lubricant ecosystem. Delhi, India - October 6, 2025 - Ken Research released its strategic market analysis titled "UAE Lubricants Market Outlook to 2030," revealing that the current market size is valued at USD 1 billion, based on a five-year historical analysis. The comprehensive analysis details how the market is expected to
India Apparel Market Crosses USD 68 Billion Milestone - Latest Insights by Ken Research
India Apparel Market Crosses USD 68 Billion Milestone - Latest Insights by Ken R …
Comprehensive market analysis maps consumer evolution, retail transformation, and policy-led competitiveness shaping India's apparel ecosystem. Delhi, India - October 6, 2025 - Ken Research released its strategic market analysis titled "India Apparel Market Outlook to 2030," revealing that the current market size is valued at USD 68 billion, based on a five-year historical analysis. The detailed analysis outlines how the market is poised to expand, driven by rising disposable incomes, rapid
Philippines E-commerce Logistics Market - Ken Research Stated the Sector is Valued at USD 1700 million with Strong Growth Potential
Philippines E-commerce Logistics Market - Ken Research Stated the Sector is Valu …
Comprehensive market analysis maps exponential growth trajectory, investment opportunities, and strategic imperatives for industry leaders in the Philippines' rapidly evolving e-commerce logistics ecosystem. Delhi, India - October 6, 2025 - Ken Research released its strategic market analysis titled "Philippines E-commerce Logistics Market Outlook to 2028," revealing that the current market size is valued at over USD 1700 million, based on a five-year historical analysis. The comprehensive analysis details how the market
Budaun & Pilibhit Oncology Market - Ken Research Stated the Sector is Recorded at 8,870 Cases with Strong Growth Potential
Budaun & Pilibhit Oncology Market - Ken Research Stated the Sector is Recorded a …
Comprehensive analysis charts rising incidence, capacity build-out, and investment pathways across two high-potential Uttar Pradesh districts. Delhi, India - October 3, 2025 - Ken Research released its strategic market analysis titled "Budaun & Pilibhit Oncology Market Outlook to 2029," revealing that the current market size is recorded at 8,870 cases, based on a five-year historical analysis. The comprehensive analysis details how the market is expected to expand, driven by rising cancer

All 5 Releases


More Releases for Group

Specialty Insurance Market 2023 | Futuristic Technology- State Farm Group, Progr …
The Specialty Insurance market research report delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. The Specialty Insurance report also incorporates the current and future global market outlook in the emerging and developed markets. Moreover, the report also investigates regions/countries expected to witness the fastest growth rates during the forecast period. The Specialty Insurance research report also provides insights of different regions that are
Transit Packaging Market Top Key Players - STI Group, Crown Cork Group, GWP Grou …
Freight transport in transit receives a wide range of vibrational intensities over a period of time. Based on the origin, destination and network of carriers, ocean-going vessels with aircraft will vibrate with the proper amplitude. Cargo handling and sorting operations contribute to lower levels of compressive force than movement in transit. The only exception to this is when the cargo moves in transit. This allows heavier packages to slip into
Global Baijiu Market 2019-2024 - Kweichow Moutai Group, Wuliangye, Yanghe Brewer …
Global Baijiu Market 2019-2024: “Global Baijiu Market” report focuses on the comprehensive study of the market involving technological developments, future plans, supply, sales revenue, production, dimensions, overview, manufacturers, growth rate, price, deals, and revenue for the detailed analysis of the Baijiu Market. Moreover, report of the Baijiu efficiently offers the needed characteristics of the global Baijiu market for the individuals and people looking for the business for investments, mergers & acquisitions
White Spirits Market 2019 Wuliangye Kweichow Moutai Group Yanghe Brewery Daohuax …
As per global White Spirits market report for the period of 2018 to 2023, the White Spirits market is likely to reach an estimate of USD xx million at the end of the 2023 rising at the rate of CAGR xx% throughout the forecast period of 2019 to 2024. The global White Spirits market report covers an exhaustive understanding of the White Spirits that encompasses various important factors like the
Automotive Metal Market ’size 2019 by Top Key Players: ArcelorMittal, China Ba …
The ‘Automotive Metal Market’ research report assembled by Market Study Report, LLC, provides a succinct analysis on the recent market trends. In addition, the report offers a thorough abstract on the statistics, market estimates and revenue forecasts, which further highlights its position in the industry, in tandem with the growth strategies adopted by leading industry players. This report focuses on the Automotive Metal in global market, especially in North America, Europe
Steel Ingot Market Outlook and Forecasts 2018 to 2025 and Key Players: ArcelorMi …
The “Global Steel Ingot Analysis to 2025” is a specialized and in-depth study of the Steel Ingot industry with a focus on the global market trend. The report aims to provide an overview of global Steel Ingot with detailed market segmentation by component, type, application and geography. The global Steel Ingot market is expected to witness high growth during the forecast period. The report provides key statistics on the market