Press release
Smart Home Security Systems Global Market Analysis, Trends, Growth, Research And Forecast 2033
Smart Home Security Systems Global Market Analysis
According to The Business Research Company's, The smart home security systems market size has grown rapidly in recent years. It will grow from $58.34 billion in 2023 to $63.30 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to rise of smartphones, IoT integration, cloud computing, machine learning in video analytics, consumer awareness and adoption.
The smart home security systems market size is expected to see rapid growth in the next few years. It will grow to $89.81 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to artificial intelligence and deep learning, integration with voice assistants, biometric authentication, and cybersecurity focus. Major trends in the forecast period include integration with artificial intelligence (AI), interoperability and standardization, edge computing, biometric authentication, and environmental sensors for health and safety.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/smart-home-security-systems-global-market-report
Market Drivers and Trends:
The growing crime rates are expected to fuel the growth of the smart home security systems market going forward. Crime refers to unlawful activities or acts that violate legal norms, while crime rates indicate the frequency or incidence of these unlawful activities within a specific population or geographic area. Growing crime rates may be attributed to various factors, such as economic inequality, social unrest, and inadequate law enforcement. Smart home security systems deter crime by providing real-time monitoring, automated alerts, and remote control, enhancing overall home protection. Visible security elements, such as outdoor cameras, can actively deter criminals by signaling that the property is well protected. For instance, in October 2023, according to the Federal Bureau of Investigation, a US-based national security organization, property crime incidents in the United States increased from 671,648 to 847,522 between 2021 and 2022, representing a significant percentage increase of approximately 26.2%. Therefore, the growing crime rates are driving the growth of the smart home security systems market.
Major companies operating in the smart home security systems market are focused on developing advanced solutions, such as AI-powered video surveillance systems, to enhance security solutions and gain a competitive edge in the market. A video surveillance system is an electronic setup that utilizes artificial intelligence technology to enhance security measures by analyzing audio and images from video surveillance cameras. For instance, in October 2021, Backstreet Surveillance Inc., a US-based company that provides business surveillance camera systems and cloud camera solutions, introduced the Backstreet Cyber Secure Series, a cutting-edge, AI-powered video surveillance system built on advanced IP (Internet Protocol) technology. This next-generation system goes beyond conventional security measures by incorporating facial detection, instantly alerting to the presence of unauthorized individuals, vehicles, or even animals within the facility, property, or designated work areas. This takes real-time security to a new level, surpassing the limitations of traditional badges and access control cards.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=14799&type=smp
Major Key Players of the Market:
Siemens AG, General Electric Company, Panasonic Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc, ABB Ltd, Daikin Industries Ltd, Toshiba Corporation, Johnson Controls International plc, Carrier Global Corporation, Koninklijke Philips N.V, Trane Technologies plc, Emerson Electric Co, Legrand S.A, Osram GmbH, Acuity Brands Inc, Itron Inc, Vivint Inc, Cree Inc, Canary Connect Inc, Frontpoint Security Solutions LLC, Pacific Controls Inc, Abode Systems Inc, SimpliSafe Inc.
Smart Home Security Systems Market 2024 Key Insights:
• The smart home security systems market size is expected to see rapid growth in the next few years. It will grow to $89.81 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%.
• Rising Crime Rates Propel Surge In Demand For The Smart Home Security Systems Market
• Enhancing Home Security Through Remote Management And Configuration Technologies
• North America was the largest region in the smart home security systems market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=14799&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Smart Home Security Systems Global Market Analysis, Trends, Growth, Research And Forecast 2033 here
News-ID: 3692512 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Security
Aerospace Cyber Security Market : Network security, Wireless security, Cloud sec …
According to a new report published by Allied Market Research, titled, "Aerospace Cyber Security Market," The aerospace cyber security market was valued at $39.7 billion in 2021, and is estimated to reach $92.0 billion by 2031, growing at a CAGR of 9.0% from 2022 to 2031.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 : https://www.alliedmarketresearch.com/request-sample/9433
Aerospace cybersecurity is a security driven technology which is dedicated towards the safety & security of aircrafts, spacecrafts and drones…
Healthcare Cyber Security Market by Type (Service and Solution), Security (Appli …
Healthcare Cyber Security Market: 2023
The global Healthcare Cyber Security Market size was valued at USD 4,591 Million in 2016, and is projected to reach at USD 12,467 Million by 2023, with a CAGR of 15.6% from 2017 to 2023.
Covid-19 latest section covered in this report.
Get Free Sample: https://reports.valuates.com/request/sample/ALLI-Auto-1J168/Healthcare_Cyber_Security
Cyber security solutions and services enable healthcare organizations to protect their business-critical infrastructure and patient data, and meet regulatory compliance.
Increase…
Aerospace Cyber Security Market Analysis and Forecasts by Security Type (Network …
The aviation industry is one of the sophisticated industries across the globe and the industry is integrated with advanced technological solutions. This has created a major concern towards securing the enormous quantity of data being generated every day. With the advancements in the different technological fields, the cyber attackers are also finding newer process to gain desired insights. In the current market scenario, aerospace industry is also witnessing substantial upswing…
Security Assessment Market Report 2018: Segmentation by Security Type (Endpoint …
Global Security Assessment market research report provides company profile for Kaspersky (Russia), IBM (US), FireEye (US), Optiv Security (US), Qualys (US), Trustwave (US), Veracode (US), Check Point (Israel), Absolute Software (Canada), Rapid7 (US), CynergisTek (US) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth…
The Mobile Security (mSecurity) Bible: 2014 - 2020 - Device Security, Infrastruc …
Mobile networks around the globe generate more than 86 Exabytes of traffic annually. The immense volume of traffic together with the growing adoption of open source Operating System (OS) platforms such as Android has opened up new security threats. Mobile malware, SMS spam, cyber attacks and unlawful eavesdropping are an ever-increasing problem for enterprises, consumers and mobile network operators around the globe.
This has in turn led to significant investments in…
Mobile Security (MSecurity) Market Analysis To 2020 - Device Security, Infrastru …
Mobile networks around the globe generate more than 86 Exabytes of traffic annually. The immense volume of traffic together with the growing adoption of open source Operating System (OS) platforms such as Android has opened up new security threats. Mobile malware, SMS spam, cyber attacks and unlawful eavesdropping are an ever-increasing problem for enterprises, consumers and mobile network operators around the globe.
This has in turn led to significant investments in…
