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Global Connected Home Security System Market Rising Trends and New Technologies Research 2017 to 2021
A smart home comprises of an internal network, home automation, and intelligent controls. It is generally defined as a home that is equipped with advanced and automated digital devices, home appliances, and equipment that are interconnected to each other facilitating sophisticated monitoring and control over the building’s functions. It performs three different actions, namely remote status check, remote information, and remote control to implement any action by the resident from a remote location. For instance, the lighting, temperature, security, and door operations of a smart home can be controlled from a remote location with the necessary access. Smart homes provide a wide variety of applications such as home automation, home security, home cloud, energy management, and e-health services. The living experience of consumers is enhanced by comfort and convenience provided by smart homes.
Technavios analysts forecast the global connected home security system market to grow at a CAGR of 27.12% during the period 2017-2021.
Covered in this report:
The report covers the present scenario and the growth prospects of the global connected home security system market for 2017-2021. To calculate the market size, the report considers the revenue generated of various types of alarms (fire alarms and burglar alarms), digital electronic locks, sensors, video cameras, video monitoring systems, and detectors (fire detector, CO detector, and HVAC detector).
The market is divided into the following segments based on geography:
Americas, APAC, EMEA
Technavio’s report, Global Connected Home Security System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The 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.
Market driver: Cost savings due to discounts from insurance providers.For a full, detailed list, view our report.
Market challenge: Lack of standards for manufacturing security solutions. For a full, detailed list, view our report.
Browse full report of this research at
Important points covered in Table of content:-
- Executive summary
- Scope of the report
- Research Methodology
- Introduction
- Market landscape
- Five forces analysis
- Market segmentation by product
- Market segmentation by service
- Market segmentation by geography
- Drivers and challenges
This study aims to estimate the connected home security system market size for 2017 and projects its demand till 2022. It also provides a detailed qualitative and quantitative analysis of the connected home security system market. Various secondary sources that include Directories, Industry journals, Press Releases and Paid Databases, Trading Economics like Bloomberg Business, Hoovers, Factiva and Annual Reports have been used to identify and collect information useful for this commercial study of the connected home security system market. Primary sources, such as Manufacturers, Distributor, Opinion Leaders, Industry Experts, Front-line Staff, Technology and Innovation Directors, Executives from Related Industries and Organizations, Purchasing/Product Managers, End Users/Buyers, Industry Experts, Opinion Leaders and Research Institutes, have been interviewed to obtain and verify critical information as well as to assess prospects of the connected home security system market.
