Global Smart Home Security Market Size Study & Forecast, By Component By Device Type By Application and Regional Analysis, 2023-2030

Description

List of Tables

Global Smart Home Security Market is valued at approximately USD 25.8 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 16.2% over the forecast period 2023-2030. Smart Home Security refers to the integration of advanced technologies and devices within a residential setting to enhance safety and protection against intruders, accidents, and emergencies. It involves the use of interconnected sensors, cameras, alarms, and other smart devices that can be remotely monitored and controlled via a smartphone, tablet, or computer. The Smart Home Security market is driven by influential factors such as the rising adoption of IoT connected devices and increasing focus on development of smart cities. As a result, the demand for Smart Home Security has progressively increased in the global market during the forecast period 2023-2030.

Smart home security solutions enable users to remotely monitor and control their homes through mobile applications or web interfaces. This capability allows homeowners to receive real-time alerts about security breaches or suspicious activities and take immediate action, enhancing home security even when away. According to the Statista, the rising number of Number of Internet of Things (IoT) connected devices globally, in 2020 there are 9.76 billion and projected to reach up to 29.42 billion by the year 2030. Smart home security systems often integrate with other smart devices, such as cameras, door locks, and motion sensors. This integration enhances the overall functionality of the smart home ecosystem and provides comprehensive security coverage. Another important factor that drives the Smart Home Security market is the increasing focus on development of smart cities. Smart cities emphasize interconnectedness, with various elements like transportation, utilities, and public services integrated through IoT (Internet of Things) technology. This interconnectedness extends to smart homes, where security systems can communicate with other devices and services within the city's infrastructure, enhancing overall safety and efficiency. In addition, as per Statista, the global Smart Cities market accounts USD 104.80 billion in 2024 and projected to reach up to USD 164.80 billion by the year 2028.Moreover, the rising number of criminal activities and increasing rate of digitalization are anticipated to create a lucrative growth opportunity for the market over the forecast period. However, the high cost of installation and data security concerns are going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Smart Home Security Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing investment in cloud-based services in the region. The region's dominant performance is anticipated to propel the overall demand for Smart Home Security. Cloud-based services offer scalability, allowing smart home security solutions to easily expand to accommodate more devices and users without requiring significant infrastructure upgrades. This scalability ensures that smart home security systems can grow alongside the increasing demand and adoption of smart home technology. Furthermore, Asia Pacific is expected to grow fastest during the forecast period, owing to factors such as growing awareness about home security in the region. Awareness about home security creates a favorable environment for the expansion of the Smart Home Security market by increasing demand, driving technological innovation, and making these systems more accessible and attractive to consumers.

Major market players included in this report are:

Frontpoint Security Solutions LLC
Abode Systems Incorporated
Hangzhou Hikvision Digital Technology Company Limited
Vivint Smart Home Incorporated
Johnson Controls International Public Limited Company
Ingersoll Rand Incorporated
Assa Abloy AB
ADT Incorporated
Honeywell International Incorporated
Robert Bosch GmbH

Recent Developments in the Market:

In March 2023, ADT Incorporated released a new ADT Self Setup smart home security system, the company's most advanced and comprehensive DIY system, and the first fully integrated DIY product from ADT and Google. ADT Self Setup integrates Google's Nest smart home products with ADT security and life safety technology, as well as ADT SMART Monitoring, fully accessible seamlessly by the new ADT+ app.

Global Smart Home Security Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Component, Device Type, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component

Hardware
Software
Service

By Device Type

Smart Alarms
Smart Locks
Smart Sensors and Detectors
Smart Camera and Monitoring System
Other

By Application

Independent Homes
Condominiums/Apartments

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
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1.Executive Summary

1.1.Market Snapshot
1.2.Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1.Smart Home Security Market, by Region, 2020-2030 (USD Billion)
- 1.2.2.Smart Home Security Market, by Component, 2020-2030 (USD Billion)
- 1.2.3.Smart Home Security Market, by Device Type, 2020-2030 (USD Billion)
- 1.2.4.Smart Home Security Market, by Application, 2020-2030 (USD Billion)
1.3.Key Trends
1.4.Estimation Methodology
1.5.Research Assumption

Chapter 2.Global Smart Home Security Market Definition and Scope

2.1.Objective of the Study
2.2.Market Definition & Scope
- 2.2.1.Industry Evolution
- 2.2.2.Scope of the Study
2.3.Years Considered for the Study
2.4.Currency Conversion Rates

Chapter 3.Global Smart Home Security Market Dynamics

3.1.Smart Home Security Market Impact Analysis (2020-2030)
- 3.1.1.Market Drivers
  - 3.1.1.1.Rising adoption of IoT connected devices
  - 3.1.1.2.Increasing focus on development of smart cities
- 3.1.2.Market Challenges
  - 3.1.2.1.High Cost of Installation
  - 3.1.2.2.Data Security Concerns
- 3.1.3.Market Opportunities
  - 3.1.3.1.Rising Number of Criminal Activities
  - 3.1.3.2.Increasing Rate of Digitalization

Chapter 4.Global Smart Home Security Market Industry Analysis

4.1.Porter's 5 Force Model
- 4.1.1.Bargaining Power of Suppliers
- 4.1.2.Bargaining Power of Buyers
- 4.1.3.Threat of New Entrants
- 4.1.4.Threat of Substitutes
- 4.1.5.Competitive Rivalry
4.2.Porter's 5 Force Impact Analysis
4.3.PEST Analysis
- 4.3.1.Political
- 4.3.2.Economical
- 4.3.3.Social
- 4.3.4.Technological
- 4.3.5.Environmental
- 4.3.6.Legal
4.4.Top investment opportunity
4.5.Top winning strategies
4.6.COVID-19 Impact Analysis
4.7.Disruptive Trends
4.8.Industry Expert Perspective
4.9.Analyst Recommendation & Conclusion

Chapter 5.Global Smart Home Security Market, by Component

5.1.Market Snapshot
5.2.Global Smart Home Security Market by Component, Performance - Potential Analysis
5.3.Global Smart Home Security Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
5.4.Smart Home Security Market, Sub Segment Analysis
- 5.4.1.Hardware
- 5.4.2.Software
- 5.4.3.Service

Chapter 6.Global Smart Home Security Market, by Device Type

6.1.Market Snapshot
6.2.Global Smart Home Security Market by Device Type, Performance - Potential Analysis
6.3.Global Smart Home Security Market Estimates & Forecasts by Device Type 2020-2030 (USD Billion)
6.4.Smart Home Security Market, Sub Segment Analysis
- 6.4.1.Smart Alarms
- 6.4.2.Smart Locks
- 6.4.3.Smart Sensors and Detectors
- 6.4.4.Smart Camera and Monitoring System
- 6.4.5.Other

Chapter 7.Global Smart Home Security Market, by Application

7.1.Market Snapshot
7.2.Global Smart Home Security Market by Application, Performance - Potential Analysis
7.3.Global Smart Home Security Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4.Smart Home Security Market, Sub Segment Analysis
- 7.4.1.Independent Homes
- 7.4.2.Condominiums/Apartments

Chapter 8.Global Smart Home Security Market, Regional Analysis

8.1.Top Leading Countries
8.2.Top Emerging Countries
8.3.Smart Home Security Market, Regional Market Snapshot
8.4.North America Smart Home Security Market
- 8.4.1.U.S. Smart Home Security Market
  - 8.4.1.1.Component breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2.Device Type breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3.Application breakdown estimates & forecasts, 2020-2030
- 8.4.2.Canada Smart Home Security Market
8.5.Europe Smart Home Security Market Snapshot
- 8.5.1.U.K. Smart Home Security Market
- 8.5.2.Germany Smart Home Security Market
- 8.5.3.France Smart Home Security Market
- 8.5.4.Spain Smart Home Security Market
- 8.5.5.Italy Smart Home Security Market
- 8.5.6.Rest of Europe Smart Home Security Market
8.6.Asia-Pacific Smart Home Security Market Snapshot
- 8.6.1.China Smart Home Security Market
- 8.6.2.India Smart Home Security Market
- 8.6.3.Japan Smart Home Security Market
- 8.6.4.Australia Smart Home Security Market
- 8.6.5.South Korea Smart Home Security Market
- 8.6.6.Rest of Asia Pacific Smart Home Security Market
8.7.Latin America Smart Home Security Market Snapshot
- 8.7.1.Brazil Smart Home Security Market
- 8.7.2.Mexico Smart Home Security Market
8.8.Middle East & Africa Smart Home Security Market
- 8.8.1.Saudi Arabia Smart Home Security Market
- 8.8.2.South Africa Smart Home Security Market
- 8.8.3.Rest of Middle East & Africa Smart Home Security Market

Chapter 9.Competitive Intelligence

9.1.Key Company SWOT Analysis
9.2.Top Market Strategies
9.3.Company Profiles
- 9.3.1. Frontpoint Security Solutions LLC
  - 9.3.1.1.Key Information
  - 9.3.1.2.Overview
  - 9.3.1.3.Financial (Subject to Data Availability)
  - 9.3.1.4.Product Summary
  - 9.3.1.5.Recent Developments
- 9.3.2.Abode Systems Incorporated
- 9.3.3.Hangzhou Hikvision Digital Technology Company Limited
- 9.3.4.Vivint Smart Home Incorporated
- 9.3.5.Johnson Controls International Public Limited Company
- 9.3.6.Ingersoll Rand Incorporated
- 9.3.7.Assa Abloy AB
- 9.3.8.ADT Incorporated
- 9.3.9.Honeywell International Incorporated
- 9.3.10.Robert Bosch GmbH

Chapter 10.Research Process

10.1.Research Process
- 10.1.1.Data Mining
- 10.1.2.Analysis
- 10.1.3.Market Estimation
- 10.1.4.Validation
- 10.1.5.Publishing
10.2.Research Attributes
10.3.Research Assumption

LIST OF TABLES

TABLE 1.Global Smart Home Security Market, report scope
TABLE 2.Global Smart Home Security Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3.Global Smart Home Security Market estimates & forecasts by Component 2020-2030 (USD Billion)
TABLE 4.Global Smart Home Security Market estimates & forecasts by Device Type 2020-2030 (USD Billion)
TABLE 5.Global Smart Home Security Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6.Global Smart Home Security Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7.Global Smart Home Security Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8.Global Smart Home Security Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9.Global Smart Home Security Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10.Global Smart Home Security Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11.Global Smart Home Security Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12.Global Smart Home Security Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13.Global Smart Home Security Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14.Global Smart Home Security Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15.Global Smart Home Security Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16.U.S. Smart Home Security Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17.U.S. Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18.U.S. Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19.Canada Smart Home Security Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20.Canada Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21.Canada Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22.UK Smart Home Security Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23.UK Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24.UK Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25.Germany Smart Home Security Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26.Germany Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27.Germany Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28.France Smart Home Security Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29.France Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30.France Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31.Italy Smart Home Security Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32.Italy Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33.Italy Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34.Spain Smart Home Security Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35.Spain Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36.Spain Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37.RoE Smart Home Security Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38.RoE Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39.RoE Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40.China Smart Home Security Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41.China Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42.China Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43.India Smart Home Security Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44.India Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45.India Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46.Japan Smart Home Security Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47.Japan Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48.Japan Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49.South Korea Smart Home Security Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50.South Korea Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51.South Korea Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52.Australia Smart Home Security Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53.Australia Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54.Australia Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55.RoAPAC Smart Home Security Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56.RoAPAC Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57.RoAPAC Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58.Brazil Smart Home Security Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59.Brazil Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60.Brazil Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61.Mexico Smart Home Security Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62.Mexico Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63.Mexico Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64.RoLA Smart Home Security Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65.RoLA Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66.RoLA Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67.Saudi Arabia Smart Home Security Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68.South Africa Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69.RoMEA Smart Home Security Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70.List of secondary sources, used in the study of global Smart Home Security Market
TABLE 71.List of primary sources, used in the study of global Smart Home Security Market
TABLE 72.Years considered for the study
TABLE 73.Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1.Global Smart Home Security Market, research methodology
FIG 2.Global Smart Home Security Market, Market estimation techniques
FIG 3.Global Market size estimates & forecast methods
FIG 4.Global Smart Home Security Market, key trends 2022
FIG 5.Global Smart Home Security Market, growth prospects 2023-2030
FIG 6.Global Smart Home Security Market, porters 5 force model
FIG 7.Global Smart Home Security Market, pest analysis
FIG 8.Global Smart Home Security Market, value chain analysis
FIG 9.Global Smart Home Security Market by segment, 2020 & 2030 (USD Billion)
FIG 10.Global Smart Home Security Market by segment, 2020 & 2030 (USD Billion)
FIG 11.Global Smart Home Security Market by segment, 2020 & 2030 (USD Billion)
FIG 12.Global Smart Home Security Market by segment, 2020 & 2030 (USD Billion)
FIG 13.Global Smart Home Security Market by segment, 2020 & 2030 (USD Billion)
FIG 14.Global Smart Home Security Market, regional snapshot 2020 & 2030
FIG 15.North America Smart Home Security Market 2020 & 2030 (USD Billion)
FIG 16.Europe Smart Home Security Market 2020 & 2030 (USD Billion)
FIG 17.Asia Pacific Smart Home Security Market 2020 & 2030 (USD Billion)
FIG 18.Latin America Smart Home Security Market 2020 & 2030 (USD Billion)
FIG 19.Middle East & Africa Smart Home Security Market 2020 & 2030 (USD Billion)