Directory Image
This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Privacy Policy.

Connected Home Security Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis

Author: Sumit Patil
by Sumit Patil
Posted: Mar 25, 2019
home security

@

Connected home security is a set of combined systems linked to a house by Wi-Fi networks, which is responsible for monitoring, managing, and controlling security devices using smartphones.

Home security systems typically include door and window sensors, motion detectors, sirens, smoke detectors, water sensors, and a hub that communicates with these devices using one or more wireless protocols such as Wi-Fi and ZigBee.

Browse Complete Report For More Information @ https://www.coherentmarketinsights.com/ongoing-insight/connected-home-security-market-1349

Major factor driving growth of the connected home security market is increasing adoption of the internet of things (IoT), which enables smart communication environment between smart home devices. IoT can also be used to monitor, detect, and prevent an unauthorized access of the network, connecting IoT devices to back-end systems on the internet, efficiently. Additionally, it provides endpoint security such as antivirus and antimalware along with firewalls and disruption prevention and detection systems. Therefore it verifies multiple users of a single device platform. IoT ranges from simple static password or pins to more robust authentication mechanisms such as two-factor authentication, digital certificates, and biometrics.

Additionally, important elements of connected smart home initiatives such as deploying Wi-Fi hotspots and broadband connectivity, which are highly susceptibility to cyber-attacks. IoT security thus helps enhance the security through a unique technology called ‘User Pre-Shared Key’ (UPSK) for every device within the network, to ensure device security.

For instance, according to Coherent Market Insights’ analysis, the global Internet of Things market was valued at around US$ 917.10 in 2016 from US$ 743.20 billion in 2015. Thus, increasing adoption of IoT technology is in turn, expected to increase adoption of smart home devices, thus increasing growth of the global connected home security market.

The major factor expected to restrain growth of the global connected home security market is the high installation costs of intellectual smart products such as remote controlled thermostats.

Global Connected Home Security Market: Regional insights

The global connected home security market on basis of region is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market for connected home security in North America accounted for the largest share of the global connected home security market in 2016. Growth in this region is attributed to increasing demand for connected home devices, including digitally connected and remote controlled devices within a house. These include thermostats, lighting, security, and entertainment systems, in turn increasing demand for connected home security. According to the Coherent Market Insights analysis, the North America market for smart homes device was valued at around US$ 7.01 billion in 2017, which is 47.68% of the global revenue in the smart home market.

Global Connected Home Security Market: Competitive Background

Key players operating in the global connected home security market include ADT, AT&T, Tyco Security Products, Alarm.com, August Home, Butterfleye, Canary Connect, Cocoon Labs, Control4 Corporation, Deutsche Telekom, Frontpoint Security Solutions, G4S, Google, and Honeywell International.

Global Connected Home Security Market: Taxonomy

On basis of products, the connected home security market is segmented into:

  • Locks and Sensors

  • Detectors

  • Alarms

  • Cameras and Monitoring Systems

On basis of Service, the connected home security market is segmented into:

  • Professional Installation

  • Self-installation

On basis of region, the connected home security market is segmented into:

  • North America

  • Europe

  • Asia Pacific

  • South America

  • Middle East

  • Africa

Request For Customization of Research Report @ https://www.coherentmarketinsights.com/insight/request-customization/1349

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah

Coherent Market Insights

1001 4th Ave,

#3200

Seattle, WA 98154

Tel: +1-206-701-6702

Email: sales@coherentmarketinsights.com

About the Author

About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various reco

Rate this Article
Leave a Comment
Author Thumbnail
I Agree:
Comment 
Pictures
Author: Sumit Patil

Sumit Patil

Member since: Feb 27, 2019
Published articles: 193

Related Articles