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Global Connected Home Security System Market - By Product, Service & Geography - Expected to Grow at a CAGR of 27.12% - Research and Markets

[April 26, 2017]

Global Connected Home Security System Market - By Product, Service & Geography - Expected to Grow at a CAGR of 27.12% - Research and Markets

Research and Markets has announced the addition of the "Global Connected Home Security System Market 2017-2021" report to their offering.

The global connected home security system market to grow at a CAGR of 27.12% during the period 2017-2021.

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. 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.

One trend in market is high growth potential of home-based cloud solutions. Home-based cloud solutions provide ubiquitous and collaborative benefits, despite data management concerns. The home-based cloud consists of three types of digital data, namely content (video, music, and pictures), productivity (e-mail, documents, and contacts), and sensors (data collected via smart meters, e-health devices, and oher smart home devices). Increasing amount of data, mainly video, is responsible for the pressing need for remote storage and access.

Home-based cloud solution companies provide a vast array of offers such as interactivity, service personalization, and use across multiple screens. For instance, Hulu and Spotify deliver multi-screen services, whereas Boxee (News - Alert) integrates all sorts of locally stored online content, which helps users to share their preferences and content with friends on the social network. OTT players, such as Apple (News - Alert) and Google, also provide multi-device and cloud-based solutions for personal information management. With the increasing adoption of smart home systems worldwide, the home-based cloud technology market has been witnessing an upsurge in its value that is close to 50% growth every year.

Key vendors