LONDON--(BUSINESS WIRE)--Technavio has been monitoring the connected home security system market and it is poised to grow by USD 11.09 billion during 2020-2024, progressing at a CAGR of over 17% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ADT Inc., Alarm.com Holdings Inc., Alphabet Inc., AT&T Inc., Comcast Corp., Honeywell International Inc., Ooma Inc., Panasonic Corp., Samsung Electronics Co. Ltd., and Verizon Communications Inc. are some of the major market participants. The cost savings due to effective monitoring technology will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Cost savings due to effective monitoring technology has been instrumental in driving the growth of the market.
Connected Home Security System Market 2020-2024: Segmentation
Connected Home Security System Market is segmented as below:
-
Product
- Alarms
- Cameras and Monitoring Systems
- Locks and Sensors
- Detectors
-
Geography
- North America
- Europe
- APAC
- South America
- MEA
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Connected Home Security System Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our connected home security system market report covers the following areas:
- Connected Home Security System Market Size
- Connected Home Security System Market Trends
- Connected Home Security System Market Industry Analysis
This study identifies the increasing number of households using broadband as one of the prime reasons driving the connected home security system market growth during the next few years.
Connected Home Security System Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the connected home security system market, including some of the vendors such as ADT Inc., Alarm.com Holdings Inc., Alphabet Inc., AT&T Inc., Comcast Corp., Honeywell International Inc., Ooma Inc., Panasonic Corp., Samsung Electronics Co. Ltd., and Verizon Communications Inc. Backed with competitive intelligence and benchmarking, our research reports on the connected home security system market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Connected Home Security System Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist connected home security system market growth during the next five years
- Estimation of the connected home security system market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the connected home security system market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of connected home security system market vendors
Table Of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Alarms - Market size and forecast 2019-2024
- Cameras and monitoring systems - Market size and forecast 2019-2024
- Locks and sensors - Market size and forecast 2019-2024
- Detectors - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Service
- Market segments
- Comparison by Service
- Professional installation - Market size and forecast 2019-2024
- Self-installation - Market size and forecast 2019-2024
- Market opportunity by Service
Customer landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Market Drivers, Challenges and Trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- ADT Inc.
- Alarm.com Holdings Inc.
- Alphabet Inc.
- AT&T Inc.
- Comcast Corp.
- Honeywell International Inc.
- Ooma Inc.
- Panasonic Corp.
- Samsung Electronics Co. Ltd.
- Verizon Communications Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
