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Connected Home Security System Market : Key Players, Growth, Analysis, 2017 - 2025

01-17-2018 07:58 AM CET | IT, New Media & Software

Press release from: TMR Research

Connected Home Security System Market : Key Players, Growth,

Global Connected Home Security System Market: Overview

Connected home security systems are networks of integrated electronic devices that work together with a control panel that arms and disarms security systems to protect home against burglars and other potential intruders. The global market for connected home security systems will expand at a brisk pace, especially with internet service and cable TV providers introducing their own products. These systems consist of alarms, cameras, locks and sensors, monitoring devices, and detectors. The systems can be installed by professionals or self.

Global Connected Home Security System Market: Key Trends

The increasing incidents of theft and house robbery are translating into the greater demand for enhanced security and safety solutions with effective monitoring technology, thereby augmenting the global market for connected home security systems. The proliferation of smart devices is also working in favor of the market. Moreover, the market is largely benefitting from the emergence of cloud technology. Home cloud solutions offer ubiquitous and collaborative advantages, which are stirring up their demand. Furthermore, the presence of home insurance policies that cover installation of monitored security systems is stoking the growth of the market. However, the low awareness regarding these systems, especially in developing and less developed regions, is hampering the growth prospects of the market.

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Global Connected Home Security System Market: Market Potential

Connected home security systems are networks of integrated electronic devices that work together with a control panel that arms and disarms security systems to protect home against burglars and other potential intruders. The global market for connected home security systems will expand at a brisk pace, especially with internet service and cable TV providers introducing their own products. These systems consist of alarms, cameras, locks and sensors, monitoring devices, and detectors. The systems can be installed by professionals or self.

Home cloud solutions offer ubiquitous and collaborative advantages, which are stirring up their demand. Furthermore, the presence of home insurance policies that cover installation of monitored security systems is stoking the growth of the market. However, the low awareness regarding these systems, especially in developing and less developed regions, is hampering the growth prospects of the market.

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Global Connected Home Security System Market: Geographical Segmentation

The key segments analyzed in the report on the basis of geography are North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. North America will hold a prominent position in the global market throughout the forecast period, owing to the soaring need for energy management solutions. The availability of low-cost devices and the high adoption of wireless home security DIY installations are contributing to the growth of the region. Besides these factors, the large-scale adoption of cloud-based technologies for the effective monitoring of home security systems is also fuelling the North America market. The U.S. will be at the forefront of the region, due to high acceptance of technologically advanced products.

Global Connected Home Security System Market: Competitive Landscape

The global connected home security system market features a high degree of competition and concentration. The tremendous growth potential of the market is attracting new companies to venture into the market, which is likely to intensify the competition in the near future. New entrants are focusing towards capitalizing on DIY trend and therefore, introducing products in line with the trend. Large organizations and small companies are competing with each other in terms of pricing and product offerings. Some of the prominent players operating in the global connected home security system market are AT&T, Honeywell Total Connect, Comcast, ADT, Verizon, Cocoon, Lifeshield, Samsung, Panasonic, Petzi, Xfinity, Kuna, August, Kwikset, and Control4.

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About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.

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