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LAMEA Smart Home Security Market Size, Share & Trends Analysis Report By Application (Condominiums/Apartments, and Independent Homes), By Connectivity, By Component, By Device Type, By Country and Growth Forecast, 2025 - 2032- Product Image
LAMEA Smart Home Security Market Size, Share & Trends Analysis Report By Application (Condominiums/Apartments, and Independent Homes), By Connectivity, By Component, By Device Type, By Country and Growth Forecast, 2025 - 2032- Product Image
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LAMEA Smart Home Security Market Size, Share & Trends Analysis Report By Application (Condominiums/Apartments, and Independent Homes), By Connectivity, By Component, By Device Type, By Country and Growth Forecast, 2025 - 2032

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    Report

  • 145 Pages
  • April 2025
  • Region: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6077297
Description Jump to:
The Latin America, Middle East and Africa Smart Home Security Market is expected to witness market growth of 16.8% CAGR during the forecast period (2025-2032).

The Brazil market dominated the LAMEA Smart Home Security Market by country in 2024, and is expected to continue to be a dominant market till 2032; thereby, achieving a market value of $3.17 billion by 2032. The Argentina market is registering a CAGR of 17.5% during 2025-2032. Additionally, the UAE market is expected to showcase a CAGR of 15.9% during 2025-2032.



Governments in several countries are promoting smart home and smart city initiatives, offering subsidies or incentives for home automation and energy efficiency, often including security systems. The cost of sensors, cameras, and smart devices has dropped significantly. DIY kits and wireless installations have made smart home security accessible even to non-technical users.

Additionally, the market is evolving, with several noteworthy trends shaping the industry's future. Artificial intelligence is driving significant improvements in smart security systems. AI enables facial recognition, behavioural analytics, object detection, and predictive threat analysis, making systems more intelligent and proactive.

The market is expanding rapidly, driven by advancements in digital infrastructure, economic performance, and government-backed innovation strategies. As nations invest in technology and improve internet accessibility, consumer demand for connected home devices - especially those focused on safety and surveillance - is rising. Unique socio-economic and technological advancements are instrumental in expediting the adoption of smart home security solutions in regions such as Nigeria, the UAE, and Saudi Arabia.

List of Key Companies Profiled

  • Nice S.p.A.
  • Honeywell International, Inc.
  • Johnson Controls International PLC
  • Amazon.com, Inc
  • Robert Bosch GmbH
  • Hangzhou Hikvision Digital Technology Co., Ltd.
  • Samsung Electronics Co., Ltd. (Samsung Group)
  • Schneider Electric SE
  • Google LLC (Alphabet Inc.)
  • Axis Communications AB (Canon, Inc.)

Market Report Segmentation

By Application

  • Condominiums/Apartments
  • Independent Homes

By Connectivity

  • Wireless
  • Wired
  • Hybrid

By Component

  • Hardware
  • Software
  • Services

By Device Type

  • Smart Camera & Monitoring System
  • Smart Locks
  • Smart Sensors & Detectors
  • Smart Alarms
  • Other Device Type

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Smart Home Security Market, by Application
1.4.2 LAMEA Smart Home Security Market, by Connectivity
1.4.3 LAMEA Smart Home Security Market, by Component
1.4.4 LAMEA Smart Home Security Market, by Device Type
1.4.5 LAMEA Smart Home Security Market, by Country
1.5 Methodology for the Research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2024
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2021-2025)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2023, Feb - 2025, Feb) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. LAMEA Smart Home Security Market by Application
5.1 LAMEA Condominiums/Apartments Market by Country
5.2 LAMEA Independent Homes Market by Country
Chapter 6. LAMEA Smart Home Security Market by Connectivity
6.1 LAMEA Wireless Market by Country
6.2 LAMEA Wired Market by Country
6.3 LAMEA Hybrid Market by Country
Chapter 7. LAMEA Smart Home Security Market by Component
7.1 LAMEA Hardware Market by Country
7.2 LAMEA Software Market by Country
7.3 LAMEA Services Market by Country
Chapter 8. LAMEA Smart Home Security Market by Device Type
8.1 LAMEA Smart Camera & Monitoring System Market by Country
8.2 LAMEA Smart Locks Market by Country
8.3 LAMEA Smart Sensors & Detectors Market by Country
8.4 LAMEA Smart Alarms Market by Country
8.5 LAMEA Other Device Type Market by Country
Chapter 9. LAMEA Smart Home Security Market by Country
9.1 Brazil Smart Home Security Market
9.1.1 Brazil Smart Home Security Market by Application
9.1.2 Brazil Smart Home Security Market by Connectivity
9.1.3 Brazil Smart Home Security Market by Component
9.1.4 Brazil Smart Home Security Market by Device Type
9.2 Argentina Smart Home Security Market
9.2.1 Argentina Smart Home Security Market by Application
9.2.2 Argentina Smart Home Security Market by Connectivity
9.2.3 Argentina Smart Home Security Market by Component
9.2.4 Argentina Smart Home Security Market by Device Type
9.3 UAE Smart Home Security Market
9.3.1 UAE Smart Home Security Market by Application
9.3.2 UAE Smart Home Security Market by Connectivity
9.3.3 UAE Smart Home Security Market by Component
9.3.4 UAE Smart Home Security Market by Device Type
9.4 Saudi Arabia Smart Home Security Market
9.4.1 Saudi Arabia Smart Home Security Market by Application
9.4.2 Saudi Arabia Smart Home Security Market by Connectivity
9.4.3 Saudi Arabia Smart Home Security Market by Component
9.4.4 Saudi Arabia Smart Home Security Market by Device Type
9.5 South Africa Smart Home Security Market
9.5.1 South Africa Smart Home Security Market by Application
9.5.2 South Africa Smart Home Security Market by Connectivity
9.5.3 South Africa Smart Home Security Market by Component
9.5.4 South Africa Smart Home Security Market by Device Type
9.6 Nigeria Smart Home Security Market
9.6.1 Nigeria Smart Home Security Market by Application
9.6.2 Nigeria Smart Home Security Market by Connectivity
9.6.3 Nigeria Smart Home Security Market by Component
9.6.4 Nigeria Smart Home Security Market by Device Type
9.7 Rest of LAMEA Smart Home Security Market
9.7.1 Rest of LAMEA Smart Home Security Market by Application
9.7.2 Rest of LAMEA Smart Home Security Market by Connectivity
9.7.3 Rest of LAMEA Smart Home Security Market by Component
9.7.4 Rest of LAMEA Smart Home Security Market by Device Type
Chapter 10. Company Profiles
10.1 Nice S.p.A.
10.1.1 Company Overview
10.1.2 Recent Strategies and Developments
10.1.2.1 Product Launches and Product Expansions
10.1.2.2 Acquisition and Mergers
10.2 Honeywell International, Inc.
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 SWOT Analysis
10.3 Johnson Controls International PLC
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental & Regional Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent Strategies and Developments
10.3.5.1 Product Launches and Product Expansions
10.3.6 SWOT Analysis
10.4 Amazon.com, Inc.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental Analysis
10.4.4 Recent Strategies and Developments
10.4.4.1 Product Launches and Product Expansions
10.4.5 SWOT Analysis
10.5 Robert Bosch GmbH
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.5.5 SWOT Analysis
10.6 Hangzhou Hikvision Digital Technology Co., Ltd.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent Strategies and Developments
10.6.5.1 Product Launches and Product Expansions
10.6.6 SWOT Analysis
10.7 Samsung Electronics Co., Ltd. (Samsung Group)
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expenses
10.7.5 Recent Strategies and Developments
10.7.5.1 Partnerships, Collaborations, and Agreements
10.7.6 SWOT Analysis
10.8 Schneider Electric SE
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expense
10.8.5 SWOT Analysis
10.9 Google LLC (Alphabet Inc.)
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expenses
10.9.5 Recent Strategies and Developments
10.9.5.1 Partnerships, Collaborations, and Agreements
10.9.6 SWOT Analysis
10.10. Axis Communications AB (Canon, Inc.)
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expenses
10.10.5 SWOT Analysis

Companies Mentioned

  • Nice S.p.A.
  • Honeywell International, Inc.
  • Johnson Controls International PLC
  • Amazon.com, Inc.
  • Robert Bosch GmbH
  • Hangzhou Hikvision Digital Technology Co., Ltd.
  • Samsung Electronics Co., Ltd. (Samsung Group)
  • Schneider Electric SE
  • Google LLC (Alphabet Inc.)
  • Axis Communications AB (Canon, Inc.)

Methodology

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