PUBLISHER: TechNavio | PRODUCT CODE: 1685049
PUBLISHER: TechNavio | PRODUCT CODE: 1685049
The smart home security market is forecasted to grow by USD 26740.4 million during 2024-2029, accelerating at a CAGR of 13.8% during the forecast period. The report on the smart home security market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising concerns over home security, urbanization and rising disposable income, and development of smart cities.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 11.2% |
CAGR | 13.8% |
Incremental Value | $26740.4 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's smart home security market is segmented as below:
By Type
By Device
By Geographical Landscape
This study identifies the shift toward AI-powered security solutions as one of the prime reasons driving the smart home security market growth during the next few years. Also, strategic partnerships and collaborations and expansion of do-it-yourself security systems will lead to sizable demand in the market.
The report on the smart home security market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart home security market vendors that include ABB Ltd., ADT Inc., Alarm.com Holdings Inc., Allegion Public Ltd. Co., Arlo Technologies Inc., Comcast Corp., Eufy, Google LLC, Hangzhou Hikvision Digital Technology Co. Ltd., Honeywell International Inc., Legrand SA, LG Corp., Panasonic Holdings Corp., Ring LLC, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Scout Security Ltd., Securitas AB, Simplisafe Inc., and Vivint Inc.. Also, the smart home security market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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