The Business Research Company’s Smart Home Security Global Market Report 2021: COVID-19 Growth And Change To 2030
LONDON, GREATER LONDON, UK, March 29, 2021 /EINPresswire.com/ — According to the new market research report ‘Smart Home Security Global Market Report 2021: COVID-19 Growth And Change To 2030’ published by The Business Research Company, the smart home security market is expected to reach $5.05 billion in 2025 at a CAGR of 16.9%. 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.
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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.
Trends In The Global Smart Home Security Market
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.
Global Smart Home Security Market Segments:
The global smart home security market is further segmented based on product, application, component and geography.
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.
By Geography: The global smart home security market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Smart Home Security Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides smart home security market overviews, analyzes and forecasts market size and growth for the global smart home security market, smart home security market share, smart home security global market players, smart home security global market segments and geographies, smart home security global market’s leading competitors’ revenues, profiles and market shares. The smart home security global market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Read Smart Home Security Global Market Report 2021 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Smart Home Security Market Organizations Covered: ADT, Amazon, Honeywell International, Hangzhou Hikvision Digital Technology and Frontpoint Security Solutions.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets. Here is a list of reports from The Business Research Company similar to the Smart Home Security Global Market Report 2021:
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