Market Research Report
Global Connected Home Security Devices Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||949417|
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|Global Connected Home Security Devices Market 2019-2025|
|Published: May 15, 2020||Content info:||
Global Connected Home Security Devices Market Size, Share & Trends Analysis Report by Type (Locks & Access Controls, Alarms & Notification Systems, Cameras & Monitoring Systems, and Others), By Connectivity Type (Wi-Fi, Bluetooth, RFID/ NFC, and Others), and Forecast 2019-2025
The global connected home security devices market is projected to grow at a significant CAGR during the forecast period. The primary factors that encourage the growth of the market include the increasing smart home trends and the adoption of connected home security solutions for their homes. In addition, increased fears regarding securityy in residential areas along with rising familiarity of the users with connected home security devices are likely to encourage the demand for the market during the forecast period. These smart devices also offer an extensive range of features that alerts the owners and prevent harm via emergency notifications.
The global connected home security device market is segmented on the basis of type and connectivity type. Based on the type, the market is segmented into locks & access controls, alarms & notification system, cameras & monitoring systems, and others. Locks & access controls segment is projected to exhibit a significant growth in the market. Based on the connectivity type, the market is segmented into Wi-Fi, Bluetooth, RFID/ NFC, and others. The Wi-Fi segment is projected to hold a significant share in the market.
Geographically, the analysis of the global connected home security devices market report covers the analysis of four major regions including North America (the US and Canada), Europe (UK, Germany, Italy, Spain, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), and the Rest of the World. North America is anticipated to be the major share-holding region across the globe. The regional growth is accredited to the presence of the key players. In addition, the region is an early adopter of advanced technologies and has a well-established ICT infrastructure which contribute to the regional growth of the market.
Moreover, the study of the report covers the analysis of various players operating in the market. Some of the prominent players covered in the report include ABB Ltd., ADT Inc., Honeywell International, Inc., Johnson Control International PLC, ASSA ABLOY Group, AT&T Inc., Panasonic Corp., Robert Bosch GmbH., Schneider Electric SE, and others. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market.
The market study of the global connected home security device market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary sources include:
The report is intended for connected home security device market players, investment companies, industry associations and experts, IT companies, software vendors, system integrators, sensors manufacturers, government organizations, regulatory bodies, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
The Report Covers: