The Smart Home Security Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Smart Home Security Market:
https://www.thebusinessresearchcompany.com/report/smart-home-security-global-market-report
According to The Business Research Company’s Smart Home Security Global Market Report 2024, The smart home security market size has grown exponentially in recent years. It will grow from $3.96 billion in 2023 to $4.79 billion in 2024 at a compound annual growth rate (CAGR) of 20.7%. The growth in the historic period can be attributed to security and safety concerns, consumer awareness and education, remote monitoring and control, integration with smart home ecosystems, insurance incentives.
The smart home security market size is expected to see exponential growth in the next few years. It will grow to $10.4 billion in 2028 at a compound annual growth rate (CAGR) of 21.4%. The growth in the forecast period can be attributed to artificial intelligence and machine learning integration, privacy and data security concerns, customization and personalization, rise of diy installations, smart city initiatives and collaboration. Major trends in the forecast period include behavioral analytics for threat detection, cybersecurity training and education, integration with smart home ecosystems, rise of diy (do-it-yourself) security solutions, collaboration with law enforcement.
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. Moreover, according to an article published by Federal Bureau of Investigation Crime Data Explorer, a US-based provider of statistics in law enforcement, the FBI estimated crime statistics for the country in 2021 based on data received from 11,794 of the country's 18,806 law enforcement agencies that year. There were 694,050 violent crime incidents and 817,020 offences reported in the United States in 2021 by 11,794 law enforcement agencies that submitted National Incident-Based Reporting System (NIBRS) data, accounting for 64% of the total population. Therefore, the increasing crime rates across the globe are driving the smart home security market growth.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=2530&type=smp
The smart home security market covered in this report is segmented –
1) By Product: Smart Alarms, Smart Camera And Monitoring System, Smart Locks And Sensors, Smart Detectors
2) By Component: Hardware, Software, Service
3) By Application: Independent Homes, Apartments, Condominiums
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 June 2022, Infineon Technologies AG, a Germany-based manufacturer of semiconductors, launched its battery-operated Smart Alarm System (SAS). The technology platform uses sensor fusion based on artificial intelligence/machine learning (AI/ML) to achieve high precision and extremely low-power operation. Performance is astounding when this technique is used in conjunction with low-power wake-on acoustic event detection. The compact design achieves equal to or greater battery life compared to less sophisticated solutions while outperforming the detection accuracy of acoustic-only alarm systems currently used in smart homes and buildings and other IoT applications.
The smart home security market report table of contents includes:
- Executive Summary
- Smart Home Security Market Characteristics
- Smart Home Security Market Trends And Strategies
- Smart Home Security Market - Macro Economic Scenario
- Global Smart Home Security Market Size and Growth
.
.
.
- Global Smart Home Security Market Competitive Benchmarking
- Global Smart Home Security Market Competitive Dashboard
- Key Mergers And Acquisitions In Smart Home Security Market
- Smart Home Security Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- com Inc.
- Apple Inc.
- Alphabet Inc.
- Google LLC
- Comcast Corporation
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
September 14, 2018: This report focuses on the global Smart Home Security status, future forecast, growth opportunity, key market and key players.
The study objectives are to present the Smart Home Security development in United States, Europe and China.Driving gains will be the greater cost, installation, and performance efficiencies of smart home security devices compared to traditional types, which will appeal to a broader range of consumers, as well as the growing ubiquity of smart home devices overall.In 2017, the global Smart Home Security market size was 670 million US$ and it is expected to reach 2660 million US$ by the end of 2025, with a CAGR of 18.8% during 2018-2025.Download sample Copy of This Report at: https://www.radiantinsights.com/research/global-smart-home-security-market/request-sample The key players covered in this studyADTAlphabetAmazonAppleComcastHoneywellSamsungRobert BoschHoneywellLiveWatch SecurityAccess Full Report With TOC @ https://www.radiantinsights.com/research/global-smart-home-security-market FrontPoint Security SolutionsNETGEARRingSkyBell TechnologiesHangzhou Hikvision Digital TechnologyVivint Smart HomeSimpliSafeMarket segment by Type, the product can be split intoVideo Surveillance SystemAlarm SystemAccess Control SystemMarket segment by Application, split intoBig VillaApartmentMarket segment by Regions/Countries, this report coversUnited StatesEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaThe study objectives of this report are:To analyze global Smart Home Security status, future forecast, growth opportunity, key market and key players.To present the Smart Home Security development in United States, Europe and China.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by product type, market and key regions.In this study, the years considered to estimate the market size of Smart Home Security are as follows:History Year: 2013-2017Base Year: 2017Estimated Year: 2018Forecast Year 2018 to 2025For the data information by region, company, type and application, 2017 is considered as the base year.
Whenever data information was unavailable for the base year, the prior year has been considered.About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process.
We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.
In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.For More Information, Visit Radiant Insights Contact: Michelle Thoras Corporate Sales Specialist, USA Radiant Insights, Inc Phone: 1-415-349-0054 Toll Free: 1-888-202-9519 Email: [email protected] Blog URL: http://ictmarketforecasts.wordpress.com
Global Smart Home Security System Market Report 2021, Covid 19 Outbreak Impact research report added by Reportsandmarkets, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
It places the market within the context of the wider Smart Home Security System market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Smart Home Security System market size forecast, market data and many more for business intelligence.The latest Smart Home Security System market report published by Reports and Markets offers a competency-based analysis and global market estimate, developed using evaluable methods, to provide a clear view of current and expected growth patterns.
The report also contains market analysis by geographic location across the globe as well as major markets.The key manufacturers covered in this report are @:- Honeywell, ADT, Panasonic, Samsung, Vivint, LifeShield, Scout Alarm, and Elk ProductsGet the Sample Pages of Report for More Understanding@ https://www.reportsandmarkets.com/sample-request/global-smart-home-security-system-market-3772996?utm_source=indymedia_medium=65 The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios.Research MethodologyThe data that has been collected is from a multitude of different services that include both primary and secondary sources.
The data also includes a list of the different factors that affect the Smart Home Security System market either positively or negatively.
Major companies who occupy a large market share and the different products sold by them in the global market are identified and are mentioned in the report.
Stats and Reports provides customized specific regional and country-wise analysis of the key geographical regions as follows:North AmericaEuropeAsia Pacific CounterMiddle East & AfricaLatin AmericaAmerica Country (United States, Canada)South AmericaAsia Country (China, Japan, India, Korea)Europe Country (Germany, UK, France, Italy)Other Country (Middle East, Africa, GCC)Crucial points encompassed in the report:In the end, Smart Home Security System Market Report delivers a conclusion that includes Breakdown and Data Triangulation, Consumer Needs/Customer Preference Change, Research Findings, Market Size Estimation, Data Source.
This has especially been the case ever since we started relying more on smart devices.
And we’re not only talking about devices such as smart thermostats and smart TVs, we’re talking about smart technology that’s been specifically designed to keep your home safe.
That said, let’s take a look at how did digital revolution make its way into security world.Remote monitoringNot so long ago, you had to use cameras which require you to be inside the home in order to check your camera’s live feed.
Not only this, but new home remote monitoring system can be used to fake occupancy and make your home a less likely target for burglars.
This can be done by turning your lights on and off or even by playing an audio that makes it sound as if someone was inside the home.Home automation systemsSecurity is something you, as a homeowner, simply have to invest in.
Therefore, there’s no reason why you shouldn’t think about employing CBus installers and having them set up a home automation system for you.
Are you searching for reliable locksmiths B4 based to improve your home security?
If yes, talk to Keys4U Locksmith Birmingham.
These professional technicians have the security products you need like alarms, sensors and CCTVs.
Do you have a smart home?
They also have top-of-the-line smart security products.
They can also perform a security check to see what locks need to be replaced.
