Connected Home Security Systems Market is expected to generate a revenue of USD 30.89 Billion by 2026, Globally, at 14.60% CAGR: Verified Market Research®
The market report is a good combination of qualitative and quantitative data that highlights significant market changes, obstacles that business and the competition must overcome, as well as new possibilities and trends in the global Connected Home Security Systems Market.
JERSEY CITY, N.J., Jan. 20, 2023 /PRNewswire/ -- Verified Market Research® recently published a report, "Connected Home Security Systems Market" By Connectivity (Bluetooth, Wi-Fi, RFID/NFC, Others), By Product Type (Locks & Sensors, Alarms, Detectors, Cameras & Monitoring Systems), By End-User (Independent Homes, Residential Apartments and Condominiums, Others), and By Geography.
As per the deep research carried out by Verified Market Research®, the global Connected Home Security Systems Market size was valued at USD 10.39 Billion in 2018 and is projected to reach USD 30.89 Billion by 2026, growing at a CAGR of 14.60% from 2019 to 2026.
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Global Connected Home Security Systems Market Overview
With the widespread use of IoT and smartphones, it is now much easier to set up connected home security systems. There are many easy do-it-yourself kits or full-blown installation setups which makes this task even easier. Connected home security systems are generally subscription-based services that come with 24x7 customer support. Customer support is handled mainly by professionals who look after emergencies such as fire to contact the authorities.
The connected home security systems market is primarily being driven by the increasing use of IoT-based technologies, and smart devices, increasing purchasing power, and the growing awareness of home security and monitoring. Alongside these primary factors, the growing concerns regarding carbon footprint and safety concerns, are also contributing to the increase in the demand for connected home security systems.
Verified Market Research® narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The "Global Connected Home Security Systems Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
The "Global Connected Home Security Systems Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are Honeywell Total Connect, Comcast, Vrizon, Cocoon, Lifeshield, ADT, Samsung, Panasonic, Vivint, Petzi.
Based on the research, Verified Market Research® has segmented the global Connected Home Security Systems Market into Connectivity, Product Type, End-User, and Geography.
Connected Home Security Systems Market, by Geography
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Mr. Edwyne Fernandes
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