Global Remote Home Monitoring Systems Market Overview:
Remote monitoring systems control remote home appliances such as furniture, lights, doors, windows, security alarms, utility meters, thermostats and more with built-in devices monitoring system. Further, rising advancements in smartphone technology and remote monitoring coupled with the growing demand for smart homes is driving the Global remote home monitoring system market. Some of the key players profiled in the study are Ooma, Inc. (United States), SimpliSafe, Inc. (United States), Google Inc. (United States), Visonic Ltd. (Israel), LOREX Technology (Canada), Honeywell International, Inc. (United States), IBM (United States), GE (United States), Schneider Electric S.E. (France), Apple Inc. (United States), Samsung (South Korea) and Siemens AG (Germany).
On the basis of geography, the market of Remote Home Monitoring Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Operating System, the sub-segment i.e. Android will boost the Remote Home Monitoring Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sensors, the sub-segment i.e. Motion sensors will boost the Remote Home Monitoring Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Consumer Spending For Lifestyle Products
- Rising Smart Devices and Smartphones Coupled with Technological Advancements
- The Need for Monitoring Home due to Security and Theft Issues
- Arrival of High Speed Internet and Adoption of IoT in Home Appliances
- Integration of Remote Monitoring System with Mobile Application or Windows and Sending Alert about Temperature Control, Lighting Control, Water Leakage Etc
- Complexity in Integration of Home Automation System with Devices
- Growing Trend towards Energy Efficient, Safe luxurious and Convenient Residences
- Increase in Crime Rates Leading To Higher Adoption of Enhanced Safety and Security Systems
- Issues Related to the Installation of Remote Home Monitoring System
Major Market Developments:
August 2018, Turkney solutions launched Camcon home monitoring systems with state-of-the-art home monitoring systems that utilize the experience and knowledge of home monitoring systems. A mass of professional monitoring services is offered to sustain the home’s safety, security, and comfort.
In January 2018, Panasonic Company, announced the introduction of the HomeHawk remote home monitoring system, KX-HN7000 series. HomeHawk can be configured as a single HD camera to protect the front door and combined with up to 16 peripheral HD camera units to cover the entire perimeter of the home and yard. and HomeHawk eliminates a common home monitoring security camera problem, low grade blurry black and white video that makes it hard to effectively identify someone at night
Remote Home Monitoring System Manufacturers, Potential Investors, Downstream Vendors, Marketing & Consulting Firm and Government and Regulatory Bodies
Major Objectives Focused through this Study
To define, describe, and forecast the Global Remote Home Monitoring Systems market on the basis of product [Desktop and Mobile] , application [Lights, Windows, Utility meters, Home appliances, Thermostats, Doors and Security alarms], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Remote Home Monitoring Systems market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Remote Home Monitoring Systems industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Bosch Security and Safety Systems (Germany), Tyco International Ltd. (Ireland), Control4 Corporation (United States) and Nortek Security & Control (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Remote Home Monitoring Systems market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.