Global Smart Home Security Market 2023-2029

Global Smart Home Security Market 2023-2029

Smart home security refers to a range of technologies and devices that are used to enhance the security of homes and protect them from intruders, theft, and other security threats. Smart home security systems typically include a combination of sensors, cameras, alarms, and other devices that are connected to a central hub or control panel. According to the latest estimates, the global smart home security market is set to achieve an incremental growth of USD 31.1 billion, accelerating at a CAGR of almost 13.24% during the forecast period 2023-2029. The market for smart home security is driven by factors such as the increasing adoption of smart home technologies, the growing concern over home security and safety, and the development of new and advanced security technologies.The market for smart home security is driven by factors such as the increasing adoption of smart home technologies, the growing concern over home security and safety, and the development of new and advanced security technologies.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global smart home security market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the component, device type, communication module, and region. The global market for smart home security can be segmented by component: hardware, software, services. The software segment is estimated to account for the largest share of the global smart home security market. Smart home security market is further segmented by device type: smart alarms, smart locks, smart sensors and detectors, smart camera and monitoring system, others. The smart camera and monitoring system segment held the largest revenue share in 2022. Based on communication module, the smart home security market is segmented into: professional monitored, self monitored. Globally, the self monitored segment made up the largest share of the smart home security market. On the basis of region, the smart home security market also can be divided into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Asia-Pacific was the largest contributor to the global smart home security market in 2022.

Market Segmentation

By component: hardware, software, services

By device type: smart alarms, smart locks, smart sensors and detectors, smart camera and monitoring system, others

By communication module: professional monitored, self monitored

By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The market research report covers the analysis of key stake holders of the global smart home security market. Some of the leading players profiled in the report include Abode Systems Inc., ADT Inc., Amazon.com Inc., Frontpoint Security Solutions LLC, Hangzhou Hikvision Digital Tech Co., Ltd., Honeywell International Inc., Johnson Controls International plc, Simplisafe Inc., Vivint Smart Home Inc., Zmodo Technology (China) Ltd. Corp., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.



Scope of the Report

• To analyze and forecast the market size of the global smart home security market.
• To classify and forecast the global smart home security market based on component, device type, communication module, region.
• To identify drivers and challenges for the global smart home security market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global smart home security market.
• To identify and analyze the profile of leading players operating in the global smart home security market.

• Gain a reliable outlook of the global smart home security market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.