Market Research Report
Smart Home Automation and Security - Hardware, Software, and Services for Residential Automation and Security Systems: Global Market Analysis and Forecasts
|Published by||Navigant Research||Product code||917300|
|Published||Content info||27 Pages; 20 Tables, Charts & Figures
Delivery time: 1-2 business days
|Smart Home Automation and Security - Hardware, Software, and Services for Residential Automation and Security Systems: Global Market Analysis and Forecasts|
|Published: November 27, 2019||Content info: 27 Pages; 20 Tables, Charts & Figures||
The professional security market is a mature, established industry with a proven business model that has successfully operated for decades. However, this market is going through a significant transition. Technology has led to a shift from traditional professional security monitoring to solutions based on interactive services, providing a combination of professional monitoring with interactive capabilities for end users.
Technology has led to the development of other dynamics in the security industry. Do-it-yourself (DIY) solutions are emerging as an affordable alternative to professionally monitored solutions. These are bringing customers into the security world that may have otherwise been left out of the market. Non-traditional players are also exploring security as a means of creating value as their traditional business models are threatened by disruption. The lines between smart home and home security are beginning to blur as security becomes a staple in smart home solutions.
This report from Navigant Research, a Guidehouse company, analyzes the global market for home security and automation solutions, focusing on a range of connected devices, including motion, door, and window sensors; garage door controllers; door locks; video doorbells; cameras; monitoring and installation services; and market dynamics between DIY and professionally installed solutions. This report provides an analysis of key market drivers, barriers, trends, and the competitive landscape. It includes global market forecasts quantifying shipments and revenue through 2028.