+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Smart Home Security Global Market Report 2021: COVID-19 Growth and Change to 2030

  • ID: 5446064
  • Report
  • September 2021
  • Region: Global
  • 175 Pages
  • The Business Research Company

FEATURED COMPANIES

  • ADT
  • Apple
  • Canary connect
  • Google
  • Livewatch security
  • Robert Bosch
Smart Home Security Global Market Report 2021: COVID-19 Growth and Change to 2030 provides strategists, marketers and senior management with the critical information they need to assess the global smart home security market.







The report focuses on the smart home security market which is experiencing strong growth. The report gives a guide to the smart home security market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.

Reasons to Purchase


  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:


Where is the largest and fastest growing market for smart home security? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Smart Home Security Market Global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

  • The Market Characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope


Markets Covered:


  • By Product: Smart Alarms; Smart Camera and Monitoring System; Smart Locks and Sensors; Smart Detectors
  • By Application: Independent Homes; Apartments; Condominiums
  • By Component: Hardware; Software; Service

Companies Mentioned:


ADT; Amazon; Honeywell International; Hangzhou Hikvision Digital Technology; Frontpoint Security Solutions

Countries:


Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions:


Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series:


Five years historic and ten years forecast.

Data Segmentations:


Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing:


Data and analysis throughout the report is sourced using end notes.


This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Smart Home Security Market

What is the estimated value of the Global Smart Home Security Market?

The Global Smart Home Security Market was estimated to be valued at $2.7 billion in 2021.

What is the growth rate of the Global Smart Home Security Market?

The growth rate of the Global Smart Home Security Market is 16.9%, with an estimated value of $5.1 billion by 2025.

What is the forecasted size of the Global Smart Home Security Market?

The Global Smart Home Security Market is estimated to be worth $5.1 billion by 2025.

Who are the key companies in the Global Smart Home Security Market?

Key companies in the Global Smart Home Security Market include ADT, Amazon, Honeywell International, Hangzhou Hikvision Digital Technology, Frontpoint Security Solutions, Ring, Samsung, Vivint Smart Home Security and Robert Bosch.

FEATURED COMPANIES

  • ADT
  • Apple
  • Canary connect
  • Google
  • Livewatch security
  • Robert Bosch

1. Executive Summary2. Smart Home Security Market Characteristics3. Smart Home Security Market Trends and Strategies4. Impact Of COVID-19 On Smart Home Security
5. Smart Home Security Market Size and Growth
5.1. Global Smart Home Security Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global Smart Home Security Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of the Market
5.2.2. Restraints On the Market
6. Smart Home Security Market Segmentation
6.1. Global Smart Home Security Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Smart Alarms
  • Smart Camera and Monitoring System
  • Smart Locks and Sensors
  • Smart Detectors
6.2. Global Smart Home Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Independent Homes
  • Apartments
  • Condominiums
6.3. Global Smart Home Security Market, Segmentation by Component, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Hardware
  • Software
  • Service

7. Smart Home Security Market Regional and Country Analysis
7.1. Global Smart Home Security Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Smart Home Security Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8. Asia-Pacific Smart Home Security Market
8.1. Asia-Pacific Smart Home Security Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Smart Home Security Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific Smart Home Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
9. China Smart Home Security Market
9.1. China Smart Home Security Market Overview
9.2. China Smart Home Security Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China Smart Home Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
10. India Smart Home Security Market
10.1. India Smart Home Security Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India Smart Home Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11. Japan Smart Home Security Market
11.1. Japan Smart Home Security Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan Smart Home Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Australia Smart Home Security Market
12.1. Australia Smart Home Security Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia Smart Home Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13. Indonesia Smart Home Security Market
13.1. Indonesia Smart Home Security Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia Smart Home Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14. South Korea Smart Home Security Market
14.1. South Korea Smart Home Security Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea Smart Home Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15. Western Europe Smart Home Security Market
15.1. Western Europe Smart Home Security Market Overview
15.2. Western Europe Smart Home Security Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe Smart Home Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16. UK Smart Home Security Market
16.1. UK Smart Home Security Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK Smart Home Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17. Germany Smart Home Security Market
17.1. Germany Smart Home Security Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany Smart Home Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18. France Smart Home Security Market
18.4. France Smart Home Security Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.5. France Smart Home Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19. Eastern Europe Smart Home Security Market
19.1. Eastern Europe Smart Home Security Market Overview
19.2. Eastern Europe Smart Home Security Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe Smart Home Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20. Russia Smart Home Security Market
20.1. Russia Smart Home Security Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia Smart Home Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21. North America Smart Home Security Market
21.1. North America Smart Home Security Market Overview
21.2. North America Smart Home Security Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America Smart Home Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22. USA Smart Home Security Market
22.1. USA Smart Home Security Market Overview
22.2. USA Smart Home Security Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA Smart Home Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23. South America Smart Home Security Market
23.1. South America Smart Home Security Market Overview
23.2. South America Smart Home Security Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America Smart Home Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24. Brazil Smart Home Security Market
24.1. Brazil Smart Home Security Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil Smart Home Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25. Middle East Smart Home Security Market
25.1. Middle East Smart Home Security Market Overview
25.2. Middle East Smart Home Security Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East Smart Home Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26. Africa Smart Home Security Market
26.1. Africa Smart Home Security Market Overview
26.2. Africa Smart Home Security Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa Smart Home Security Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
27. Smart Home Security Market Competitive Landscape and Company Profiles
27.1. Smart Home Security Market Competitive Landscape
27.2. Smart Home Security Market Company Profiles
27.2.1. ADT
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Amazon
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Honeywell International
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Hangzhou Hikvision Digital Technology
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Frontpoint Security Solutions
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers and Acquisitions in the Smart Home Security Market29. Smart Home Security Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer

FEATURED COMPANIES

  • ADT
  • Apple
  • Canary connect
  • Google
  • Livewatch security
  • Robert Bosch
Major players in the smart home security market are ADT, Amazon, Honeywell International, Hangzhou Hikvision Digital Technology and Frontpoint Security Solutions.

The global smart home security market is expected to grow from $2.49 billion in 2020 to $2.7 billion in 2021 at a compound annual growth rate (CAGR) of 8.4%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $5.05 billion in 2025 at a CAGR of 16.9%.

The smart home security systems market consists of sales of smart home security devices and related services. Smart home security devices can be connected to Wi-Fi and accessed from anywhere using smartphones, smartwatch or voice. The security devices produced includes devices such as smart alarms, smart cameras, smart locks, smart detectors, and others. This market does not include the installation of these devices and/or integration with the home set-up.

The smart home security market covered in this report is segmented by product into smart alarms, smart camera and monitoring system, smart locks and sensors, smart detectors. It is also segmented by application into independent homes, apartments, condominiums and by component into hardware, software, service.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The high installation costs of smart home security devices is restraining the growth of smart home security market. Being a relatively new technology, the setup cost for smart home security systems and the cost of other related expenses such as utilities, maintenance, and repair of the technology are high as well. Cost of home security devices depends on the plan of the installation and size of the property. Installation of alarm systems and security cameras is more expensive when compared to other smart home security devices. The basic smart home security system consisting of a burglar alarm, thermostat, outdoor lighting and a backdoor lock which can be controlled from remote device costs $2,500. And an advanced and high-end security and home automation systems cost $1.8 million. For instance, in 2019, the cost range for installation of basic security cameras is $663 - $2,019.

Smart home security systems manufacturers are increasingly integrating technologies with visual recognition based on AI (Artificial Intelligence) in security devices. AI is developing to a new stage where the security confirmation and authentication will be processed from face and visual recognition. Home security systems such as consumer video cameras are integrated with AI technology with a new security validation framework to enhance safety and security through facial recognition, fingerprints and voice recognition. AI is proposed to be applied in smart alarms to create databases of all incoming alerts, which then could be analyzed to predict false alarms. For instance, in 2019, SimCam Lab, a home security and automation system provider, presented the SimCam home security and home automation camera that utilizes AI "SimCam Alloy" for recognizing faces and monitoring pets, objects and others.

In July 2018, Amazon acquired Ring, a home security company for $1 billion. This acquisition would expand Amazon's product portfolio and help capitalize on the rising demand globally for home security product. Ring is a smart home automation and security systems company manufacturing home security devices, video doorbells, indoor & outdoor security cameras and other products. Ring was founded in 2012 and is headquartered in Santa Monica, California, US.

The smart home security market is driven by increasing crime rates across the globe. With the increasing crime rates, the consumers are increasingly focusing on safety and security systems especially in residential areas. Smart home devices such as smart alarms, smart cameras, and smart lockers are being preferred by the households to be more safe and secure. According to home burglary statistics, 88% of all burglaries are residential in nature and there is 300% possibility of theft in homes without security systems. According to a NCRB’s 2019 crime statistics, in 2019, 1,833 violent crimes were registered in the Himachal compared to 1,861 identified in 2018.

California's Senate Bill 327, states the security regulations to be followed for all devices that connect to the internet including smart home security systems. The bill requires the manufacturer of such a device to be equipped with appropriate security features, designed to prevent unauthorized access, modification, or information disclosure. The bill states that the information collected by the device should be appropriate and protected from unauthorized use. Also, if the device needs to be used outside the local area network, the user should generate a new password other than the one allotted to it by default, in order to prevent attack by hackers. This bill is proposed to be effective from January 1, 2020, in California, US.

The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A selection of companies mentioned in this report includes:

  • ADT
  • Amazon
  • Honeywell International
  • Hangzhou Hikvision Digital Technology
  • Frontpoint Security Solutions
  • Ring
  • Samsung
  • Vivint Smart Home Security
  • Simpli Safe
  • Robert Bosch
  • Protect America
  • Alphabet
  • Apple
  • Comcast
  • Netgear
  • Skybell Technologies
  • Alarm.com
  • Canary connect
  • AT&T
  • August Home
  • Google
  • Butterfleye
  • Tyco security products
  • Livewatch security
  • G4S
  • Cocoon labs
  • Legrand
  • Ingersoll Rand

Loading
LOADING...