Outlook Connected Home Security System Market Report During 2017-2021
The analysts forecast global connected home security system market to grow at a CAGR of 27.12% during the period 2017-2021. This 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).
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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.
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The report, Global Connected Home Security System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This 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.
Key vendors
- ADT
- AT&T
- Comcast
- Tyco Security Products
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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
Market trend
- Use of Bluetooth and low-power Wi-Fi to operate smart home products.
- For a full, detailed list, view our report
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