Connected Home Security Service System Market, Global Outlook and Forecast 2023-2030
The global Connected Home Security Service System market was valued at US$ 173.3 million in 2022 and is projected to reach US$ 317.4 million by 2030, at a CAGR of 9.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Connected home security system is a set of integrated systems connects to your home Wi-Fi network so you can monitor and control your security devices using your smartphone and an app. Entry-level systems typically include a couple of door and window sensors, a motion detector, and a hub that communicates with these devices using one or more wireless protocols such as Wi-Fi, Z-Wave, ZigBee, or a proprietary mesh network. You can add extra door, motion, and window sensors to provide coverage for your entire house and build a comprehensive system that includes door locks, garage door openers, indoor and outdoor surveillance cameras, lights, sirens, smoke/CO detectors, water sensors, and more. The key part of connected home security system is smart Hub or smart control panel. The hub connects to your router via a wired ethernet connection and infiltrates your airwaves with a signal that the smart home devices respond to. Therefore, our data covers the entire system. Our data does not cover separate components.
In the market, Samsung, Panasonic and other companies can provide a separate device or the entire system equipment. However, some companies only provide the home security system service. These companies do not directly produce home security devices. At present, these companies include Armorax, Moni and Frontpoint, Comcast, Securitas and so on. ADT Security and Vivint can produce connected home security system for their own service platform. Our data covers equipment manufacturers. At the same time, we also list the major service providers in Europe and the United States. Connected home security system is part of a smart home. Therefore, our data does not cover general home monitoring or fire control system.
Home security system service industry has a long history. However, the home security system service platform is a large connection platform. This also brings a lot of problems. Connected home security system is a small system. This system can make up for the deficiencies of large systems. Since 2013, connected home security system has grown rapidly.
This report aims to provide a comprehensive presentation of the global market for Connected Home Security Service System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Connected Home Security Service System. This report contains market size and forecasts of Connected Home Security Service System in global, including the following market information:
Global Connected Home Security Service System Market Revenue, 2018-2023, 2024-2030, ($ millions)
Global top five companies in 2022 (%)
Connected home security system is a small smart system. In the past few years, the industry has shown great market potential. Honeywell, ADT, Samsung, Panasonic and Vivint are the main players in the market. Honeywell is a global leader. Honeywell holds 23% of the sales market share.
We surveyed the Connected Home Security Service System companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Connected Home Security Service System Market, by Type, 2018-2023, 2024-2030 ($ millions)
Global Connected Home Security Service System Market Segment Percentages, by Type, 2022 (%)
- Monitor System
- Alarm System
Global Connected Home Security Service System Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global Connected Home Security Service System Market Segment Percentages, by Application, 2022 (%)
Global Connected Home Security Service System Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)
Global Connected Home Security Service System Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Connected Home Security Service System revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Connected Home Security Service System revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- ADT Security
- AT&T
- Comcast
- Securitas
- Vivint
- Armorax
- Moni
- Frontpoint
- Secom
Outline of Major Chapters:
Chapter 1: Introduces the definition of Connected Home Security Service System, market overview.
Chapter 2: Global Connected Home Security Service System market size in revenue.
Chapter 3: Detailed analysis of Connected Home Security Service System company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Connected Home Security Service System in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
