PUBLISHER: Value Market Research | PRODUCT CODE: 1547317
PUBLISHER: Value Market Research | PRODUCT CODE: 1547317
The global demand for Connected Home Security Device Market is presumed to reach the market size of nearly USD 85747.89 Million by 2032 from USD 19465.6 Million in 2023 with a CAGR of 17.91% under the study period 2024-2032.
A connected home security device or smart home security device refers to a device that can remotely control home chores using smartphones and apps. There are plenty of individual devices available, including indoor and outdoor security cameras, video doorbells, motion sensors, and smart locks. The technology has made life simple and relatively affordable to monitor homes from pretty much anywhere. Connected home security devices are highly customizable and available as do-it-yourself kits or full-blown setups that include professional installation and monitoring.
The global connected home security device market will grow with the growing demand for mobility and the increasing need for standardization. Increasing crime rates globally have caused high adoption of access control solutions, expanding the market presence. Changing preferences, growing disposable income, rising penetration of smartphones, and the rapidly growing construction industry are further fuelling the market growth. However, the high initial cost associated with connected home security devices may limit the market growth. Whereas, incorporation of connected home security devices with in-built data-connectivity technology and favorable government regulations is anticipated to promote green buildings is expected to create lucrative opportunities over the forecast period.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Connected Home Security Device. The growth and trends of Connected Home Security Device industry provide a holistic approach to this study.
This section of the Connected Home Security Device market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Connected Home Security Device market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Connected Home Security Device market include Google Nest, Philips Hue, Atral, Essence, Tyco, GE, Honeywell, UTC / Interlogix, RISCO Group, Apple, Samsung, Hager Group, Paradox, Daitem, E-Nova. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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