PUBLISHER: Grand View Research | PRODUCT CODE: 1728066
PUBLISHER: Grand View Research | PRODUCT CODE: 1728066
The global smart home security market size was estimated at USD 33.94 billion in 2024 and is projected to grow at a CAGR of 15.2% from 2025 to 2030. The market growth is primarily driven by the rising consumer demand for home automation, increasing concerns about safety and security, growing advancements in IoT and AI technologies, and the growing convenience of remote monitoring and control systems. Additionally, smart doorbells and smart cameras are gaining traction in the smart home security industry, offering features such as video streaming and two-way communication. With consumers seeking more efficient and accessible ways to protect their homes, the smart home security industry is expected to present lucrative growth opportunities for market growth in the coming years.
Consumers are increasingly adopting smart home security solutions that integrate seamlessly with voice assistants such as Amazon Alexa, Google Assistant, and Apple Siri. This trend reflects a growing desire for convenience and hands-free control, allowing users to check camera feeds and manage other connected home devices with simple voice commands. The ease of use and enhanced accessibility offered by voice assistant integration enable consumers to monitor and control their home security systems without the need to interact directly with a mobile app or physical device, making it a key trend in the smart home security industry.
Additionally, AI technologies are transforming smart home security by powering smarter surveillance systems that can automatically detect unusual activities and minimize false alarms. Through advanced algorithms, AI enables features such as facial recognition, object tracking, and anomaly detection, enhancing the accuracy and reliability of security systems. This trend is largely driven by the demand for greater efficiency and precision in monitoring, as well as a reduction in the need for constant human oversight.
Furthermore, many companies are offering subscription-based security monitoring services, delivering around-the-clock professional surveillance, immediate emergency responses, and cloud storage for recorded footage. This trend is driven by consumers' increasing desire for continuous, reliable monitoring without the hassle of managing it themselves. This trend is expediting market growth by meeting the evolving needs of consumers who prioritize convenience, reliability, and continuous protection.
Moreover, the growing concerns over the vulnerabilities of traditional security methods, such as passwords and PINs, are driving a shift toward the integration of biometric authentication, such as facial recognition and fingerprint scanning, in smart home security systems. This trend reflects the increasing demand for more secure and advanced ways to safeguard personal spaces. As consumers seek stronger, more efficient ways to protect their homes, the adoption of biometrics in the smart home security industry is expected to grow significantly in the coming years.
Global Smart Home Security Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest technological trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global smart home security market report based on component, device type, connectivity, application, and region: