Global Smart Home Security Market Overview:
The Smart Home Security System is a set of solutions which is engraved in a home Wi-Fi network so the in-activities can be controlled and monitored through security devices using a smartphone and a mobile application. Security System applications in a smart home consist of automotive products such as surveillance camera, testing, gas and fire detection, and other commercial vision applications. Additionally, the smart home security system includes locks and sensors, alarms, monitoring devices, and detectors cameras. Smart Hub or smart control panel plays a key role in the Smart Home Security set. Various types of smart security system include -Video surveillance system, Alarm system, and Access control system. Growing Concerns to Secure Homes Digitally and Emergence of Wireless Technologies and Internet of Things anticipate growth of Global Smart Home Security System Market.
- The emergence of Wireless Technologies and the Internet of Things
- Growing Concerns to Secure Homes Digitally
- Increasing Customer Awareness
- High Installation, Operational, and Maintenance Costs
- Growing Trend of Smart Homes
- Increasing Complexity in System
- Maintaining Secrecy of Highly Confidential Information
Some of the key players profiled in the report are ADT (United States), Honeywell International Inc. (United States), Schneider Electric SE (France), Panasonic Corporation (Japan), Samsung (South Korea), Vivint, Inc. (United States), Scout Security Inc. (Australia), ELK PRODUCTS, INC. (United States), Johnson Controls (United States), Assa Abloy AB (Sweden) and Hangzhou Hikvision Digital Technology Co., Ltd. (China). Additionally, following companies can also be profiled that are part of our coverage like Secom (Japan), Robert Bosch GmbH (Germany), UNITED TECHNOLOGIES (United States) and Godrej & Boyce (India). Analyst at AMA Research see United States and Japanese Vendors to retain maximum share of Global Smart Home Security market by 2025.
In January 2018 ADT, a leading manufacturer and provider of monitored security and interactive home and business automation solutions headquartered at the United States have launched newly redesigned smart home security system – the ADT Command Panel & Control Platform (ADT Command) in Consumer Electronics Show (CES) to provide real protection to consumers. ADT Command is a dynamic and innovative wireless panel with numerous smart home capabilities, including seamless setup and control with the ADT Control app.
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Smart Home Security market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Smart Home Security market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Companies competing in the home security system market, Companies involved in the ecosystem of security solutions, Key security system manufacturers, Software solution providers, Network providers, System integrators, Housing developers, Retail distributor, The government, financial, and research institutions as well as investment communities, Analysts and strategic business planners and Research and consulting firms.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.