Connected Home Security System Market 2019-2024: Top Key Players- Honeywell, ADT, Securitas, Panasonic, Samsung, Vivint, LifeShield and more…

Press Release

A new market study, titled “Global Connected Home Security System Market Growth 2019-2024”, has been featured on WiseGuyReports.

Connected Home Security System Market

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.

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. In 2016, Honeywell holds 23% of the sales market share.
At present, connected home security system is the main channel of sales channels. For sales of products, manufacturers must let customers know that they are the market leader. As a manufacturer, the company must attach equal importance to direct sales and distribution. We believe that product quality and service attitude is always the most important points. In this same time, we believe that attention to these pathways is also very important.

The key manufacturers covered in this report:
Scout Alarm

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According to this study, over the next five years the Connected Home Security System market will register a 19.3% CAGR in terms of revenue, the global market size will reach US$ 200 million by 2024, from US$ 70 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Connected Home Security System business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Connected Home Security System market by product type, application, key manufacturers and key regions and countries. This study considers the Connected Home Security System value and volume generated from the sales of the following segments:

Segmentation by product type:
Monitor System
Alarm System 

Segmentation by application:

This report also splits the market by region:
United States
Southeast Asia
Middle East & Africa
South Africa
GCC Countries

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

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Research objectives
To study and analyze the global Connected Home Security System consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Connected Home Security System market by identifying its various subsegments.
Focuses on the key global Connected Home Security System manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Connected Home Security System with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Connected Home Security System submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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