Global Connected Home Security System Market to grow at a CAGR of 48.06% during the period 2016 - 2020; Finds New Report

Report forecast the global connected home security system market to grow at a CAGR of 48.06% during the period 2016-2020.

Connected home security solutions include night-vision 3D video cameras, electronic locks, motion sensors, burglar alarms, and monitoring devices. Home-integrated networks play a vital role in effective functionality of these security systems.

Connected home security market innovations such as decreased hardware prices, advances in wireless standards, smartphone penetration, improved bandwidth, and well-positioned apps for accessing home systems are fueling the growth of this market. Vendors are expanding their distribution channels and R&D expenditure to improve their product offerings and leverage on the trend of home automation to provide homeowners with enhanced security.

The report covers the present scenario and the growth prospects of the global connected home security system market for 2016-2020. To calculate the market size, the report considers the revenue generated from solution providers for connected home security systems in the regions – US, Western Europe and APAC

According to the report, the growing demand for home security systems and the recent increase in smartphone penetration will aid in the growth of this market during the predicted period.

Further, the report states that with the advent of IoT, the number of connected devices worldwide has increased significantly over the past few years. All Wi-Fi-enabled devices operate on cloud technology where privacy is one of the major concerns when adopting smart home technology.

Global Connected Home Security System Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The 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 players in the Global Connected Home Security System Market: ADT, AT&T, Comcast, Honeywell Total Connect and Verizon.

Other Prominent Vendors in the market are: Alarm.com, August, Butterfleye, Canary, Cocoon, Control4, Frontpoint, G4S, Goji, Korner, Kuna, Kwikset, LifeShield, MivaTek, Nest (Dropcam), Panasonic, Petzi, Piper, Protect America, Samsung, Secom, Securitas ,SimpliSafe ,Vivint ,Withings, and Xfinity.

Market driver

• Smartphone penetration
• For a full, detailed list, view our report

Market challenge

• Privacy issues
• For a full, detailed list, view our report

Market trend

• High growth potential of home cloud solutions
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 52 pages and 22 Exhibit “Global Connected Home Security System Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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