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Smart Home Security - Global Market Outlook (2017-2026)

Smart Home Security - Global Market Outlook (2017-2026)

4.8 (61 reviews)
Published: August 2019 ID: SMRC18471
4.8 (61 reviews)
Published: August 2019 ID: SMRC18471

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Smart Home Security Market is accounted for $618.63 million in 2017 and is expected to reach $3,223.20 million by 2026 growing at a CAGR of 20.1% during the forecast period. Evolving consumer safety and security preferences, upsurge in the penetration of connected homes, growing high net worth population increasing consolidation of market players across the globe are the major factors fuelling the market growth. However, cost increasing factors such as relying on electricians or other service providers are expected to restrain the growth of the market.

Smart home security uses devices such as linking sensors, features and other appliances connected to the Internet of things (IoT) that can be remotely monitored, controlled or accessed and provide services that respond to the needs of the users. It stands for self-monitoring analysis and reporting technology. The technology was originally developed by IBM and was referred to as predictive failure analysis. It allows users to control and monitor their connected home devices from Smart home apps, smartphones, or other networked devices. Users can remotely control connected home systems whether they are home or away. This allows for more efficient energy and electric use as well as ensuring your home is secure.

Based on application, big villa segment held the maximum market share and a similar trend is expected to be continuing during the forecast period. By Geography, Asia Pacific region is expected to be the largest region with the highest growth during the forecast period due to the increasing adoption of cloud-based technologies and increased awareness of security. Population growth, urbanization, the standard of living, and increased public spending on smart cities will further boost growth in this region.

Some of the key players profiled in the Smart Home Security market include Alphabet, Amazon, Apple, Comcast, FrontPoint Security Solutions, Honeywell, LiveWatch Security, Robert Bosch and Samsung.

Products Covered:
• Smart Alarms
• Smart Camera and Monitoring System
• Smart Detectors
• Smart Locks and Sensors

Types Covered:
• Alarm System
• Safety & Security System 

Applications Covered:
• Apartment
• Big Villa

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) 
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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