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Major factor driving growth of the connected home security market is increasing adoption of the internet of things (IoT), which enables smart communication environment between smart home devices.
Connected Home Security Market - Global
Industry Insights, Analysis, 2017-2025
Connected home security is a set of combined systems linked to a house by Wi-Fi networks,
which is responsible for monitoring, managing, and controlling security devices using
smartphones.
Home security systems typically include door and window sensors, motion detectors, sirens,
smoke detectors, water sensors, and a hub that communicates with these devices using one or
more wireless protocols such as Wi-Fi and ZigBee.
To get holistic SAMPLE of the report including Table of Contents:
https://www.coherentmarketinsights.com/insight/request-sample/1349
Major factor driving growth of the connected home security market is increasing adoption of
the internet of things (IoT), which enables smart communication environment between smart
home devices. IoT can also be used to monitor, detect, and prevent an unauthorized access of
the network, connecting IoT devices to back-end systems on the internet, efficiently.
Additionally, it provides endpoint security such as antivirus and antimalware along with
firewalls and disruption prevention and detection systems. Therefore it verifies multiple users
of a single device platform. IoT ranges from simple static password or pins to more robust
authentication mechanisms such as two-factor authentication, digital certificates, and
biometrics.
Additionally, important elements of connected smart home initiatives such as deploying
Wi-Fi hotspots and broadband connectivity, which are highly susceptibility to cyber-attacks.
IoT security thus helps enhance the security through a unique technology called ‘User
Pre-Shared Key’ (UPSK) for every device within the network, to ensure device security.
For instance, according to Coherent Market Insights’ analysis, the global Internet of Things
market was valued at around US$ 917.10 in 2016 from US$ 743.20 billion in 2015. Thus,
increasing adoption of IoT technology is in turn, expected to increase adoption of smart home
devices, thus increasing growth of the global connected home security market.
The major factor expected to restrain growth of the global connected home security market is
the high installation costs of intellectual smart products such as remote controlled
thermostats.
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Global Connected Home Security Market: Taxonomy
On basis of products, the connected home security market is segmented into:
●
●
●
●
Locks and Sensors
Detectors
Alarms
Cameras and Monitoring Systems
On basis of Service, the connected home security market is segmented into:
● Professional Installation
● Self-installation
On basis of region, the connected home security market is segmented into:
●
●
●
●
●
●
North America
Europe
Asia Pacific
South America
Middle East
Africa
Global Connected Home Security Market: Regional insights
The global connected home security market on basis of region is segmented into North
America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market for
connected home security in North America accounted for the largest share of the global
connected home security market in 2016. Growth in this region is attributed to increasing
demand for connected home devices, including digitally connected and remote controlled
devices within a house. These include thermostats, lighting, security, and entertainment
systems, in turn increasing demand for connected home security. According to the Coherent
Market Insights analysis, the North America market for smart homes device was valued at
around US$ 7.01 billion in 2017, which is 47.68% of the global revenue in the smart home
market.
Global Connected Home Security Market: Competitive Background
Key players operating in the global connected home security market include ADT, AT&T,
Tyco Security Products, Alarm.com, August Home, Butterfleye, Canary Connect, Cocoon
Labs, Control4 Corporation, Deutsche Telekom, Frontpoint Security Solutions, G4S, Google,
and Honeywell International.
To understand Research Methodology:
https://www.coherentmarketinsights.com/ongoing-insight/connected-home-security-mar
ket-1349
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering
action-ready syndicated research reports, custom market analysis, consulting services, and
competitive analysis through various recommendations related to emerging market trends,
technologies, and potential absolute dollar opportunity.
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Author
apeksha motghare
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