Global Security Products Market for Smart Homes Market Size study, by Product (Security Cameras, Monitors, Storage Devices, Others), by Access Control (Facial Recognition, Fingerprint Recognition, Iris Recognition, Others) and Regional Forecasts 2022-2028
Global Security Products Market for Smart Homes Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than 24.1 % over the forecast period 2022-2028. Security Products Market for Smart Homes is a Software application installed on end-user workstations designed to protect users from Internet and network threats like exploits, Trojans, port scans, or viruses. The players’ focus on expanding the solution through acquisitions and decreasing costs of sensors has led to the adoption of the Security Products Market for Smart Homes across the forecast period. For Instance: According to the New York State Energy Research and Development Authority (NYSERDA), enabling smart technologies and real-time energy management systems can decrease costs by an average of 15% and improve the bottom line by creating an ecosystem that reduces energy waste. Telus Corp. a Canadian firm has expanded its security business by buying the local operations of ADT Inc. Also, with the growing safety concerns and worldwide proliferation of “smart cities” initiative, the adoption & demand for the Security Products Market for Smart Homes is likely to increase the market growth during the forecast period. However, high installation costs and system complexity impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the Global Security Products Market for Smart Homes market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the early adoption of home security systems in this region, presence of economically and technically developed countries, such as the US and Canada. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. Factors such as increasing digitization and optimization of operational costs for security infrastructure would create lucrative growth prospects for the Security Products Market for Smart Homes market across Asia-Pacific region.
Major market players included in this report are:
United Technologies Corporation
ADT Security Services
AT&T Inc.
Comcast Corporation
Vivint, Inc
Tyco Security Products
Control4 Corporation
Honeywell International Inc.
Smart home Inc.
iControl Networks, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Security Cameras
Monitors
Storage Devices
Others
By Access Control:
Facial Recognition
Fingerprint Recognition
Iris Recognition
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Security Products Market for Smart Homes Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Companies Mentioned
United Technologies Corporation
ADT Security Services
AT&T Inc.
Comcast Corporation
Vivint, Inc
Tyco Security Products
Control4 Corporation
Honeywell International Inc.
Smart home Inc.
iControl Networks, Inc.
Please note:The single user license is non-downloadable and non-printable. Global Site license will allow these actions.
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