The analysts forecast global connected home security system market to grow at a CAGR of 48.06% during the period 2016-2020.
Connected home security solutions include night-vision 3D video cameras, electronic locks, motion sensors, burglar alarms, and monitoring devices. Home-integrated networks play a vital role in effective functionality of these security systems.
Connected home security market innovations such as decreased hardware prices, advances in wireless standards, smartphone penetration, improved bandwidth, and well-positioned apps for accessing home systems are fueling the growth of this market. Vendors are expanding their distribution channels and R&D expenditure to improve their product offerings and leverage on the trend of home automation to provide homeowners with enhanced security.Covered in this report
This report covers the present scenario and the growth prospects of the global connected home security system market for 2016-2020. To calculate the market size, the report considers the revenue generated from solution providers for connected home security systems in the regions – US, Western Europe and APAC
The report, Global Connected Home Security System Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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- Honeywell Total Connect
Other prominent vendors
- Nest (Dropcam)
- Protect America
- Xfinity (Comcast)
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- Smartphone penetration
- Privacy issues
- High growth potential of home cloud solutions
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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