How the Smart Home Security Market Will Grow: Key Trends, Market Size, and Opportunities Beyond 2025
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Primary Drivers Are Supporting the Continued Market Growth of theSmart Home Security Market?
The rise in global crime rates fuels the smart home security market, as consumers place more emphasis on safety and security systems, particularly in residential areas. Households are increasingly opting for smart home devices like smart alarms, smart cameras, and smart lockers for enhanced safety and security. For example, the United States Department of Justice reported in October 2023 that incidents of hate crimes jumped by 794 in 2022, with 11,634 total cases reported, marking an increase from 10,840 in 2021. Consequently, the upward swing in crime rates worldwide is pushing the growth of the smart home security market.
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How Will the Growth Rate of theSmart Home Security Market Impact Industry Trends by 2034?
The expansion of the intelligent home security market has been swift and sizable in the past few years. It’s projected that its worth will develop from $33.32 billion in 2024 to $38.07 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 14.3%. Factors such as increasing security and safety issues, rising consumer knowledge and education, advancements in remote supervision and control, integration with intelligent home systems and incentives from insurance companies, have been significant contributors to this phenomenal growth during the historic period.
The market size for smart home security is projected to experience a significant increase in the subsequent years, expanding to $71.17 billion by 2029 with a compound annual growth rate (CAGR) of 16.9%. The anticipated growth in the predicted period is due to factors such as the incorporation of artificial intelligence and machine learning, privacy and data protection issues, customizability and individual customization, the increase of DIY installations, smart city endeavours, and collaborations. Key trends expected during the forecast period consist of the use of behavioural analytics for threat identification, cybersecurity training/education, integration within smart home ecosystems, the rise of DIY security methodologies, and collaborations with law enforcement agencies.
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How Are Consumer Market Innovations Shaping the Current and Future Landscape of the Smart Home Security Market?
Manufacturers of smart home security systems are progressively incorporating AI-based visual recognition technologies into security devices. AI is advancing to a level where verification of security will be completed through facial and visual recognition. Home security systems, including consumer video cameras, are being upgraded with AI technology, introducing a new security verification framework that improves safety via facial recognition, fingerprints, and voice recognition. AI is suggested to be implemented in smart alarms, forming databases of every alert received, which can then be investigated to identify false alarms. As an example, in June 2022, Infineon Technologies AG, a semiconductor manufacturer from Germany, unveiled their battery-powered Smart Alarm System (SAS). Utilizing sensor fusion centered around artificial intelligence/machine learning (AI/ML), this technology platform produces high accuracy and exceptionally low-power consumption. This system’s performance is impressive, particularly when used alongside low-power wake-on acoustic event detection. The compact design ensures equal or better battery lifespan compared to less advanced solutions and exceeds the detection precision of acoustic-only alarm systems currently used in smart homes, buildings, and other IoT applications.
Who Are the Key Market Players Influencing the Growth of the Corn and Smart Home Security Industry?
Major companies operating in the smart home security market include Amazon.com Inc., Google LLC, Comcast Corporation, AT&T Inc., Robert Bosch GmbH, United Technologies Corporation, Hangzhou Hikvision Digital Technology Co. Ltd., Honeywell International Inc., G4S plc, Assa Abloy AB, ADT Inc., Vivint Smart Home Inc., NETGEAR Inc., Alarm.com Holdings Inc., Legrand North America LLC, SimpliSafe Inc., Ring LLC, Samsung Electronics Co. Ltd., Protect America Inc., August Home Inc., SkyBell Technologies Inc., Canary Connect Inc., Frontpoint Security Solutions LLC, LiveWatch Security LLC, Allegion plc, Control4 Corporation, Godrej & Boyce Manufacturing Company Limited, Nortek Security & Control LLC, Johnson Controls International plc, Abode Systems Inc., Zmodo Technology Corporation Ltd.
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Which Key Market Segments Comprise the Smart Home Security Market and Drive Its Revenue Growth?
The smart home security market covered in this report is segmented –
1) By Product: Smart Alarms, Smart Camera And Monitoring System, Smart Locks And Sensors, Smart Detectors
2) By Component: Hardware, Software, Service
3) By Application: Independent Homes, Apartments, Condominiums
Subsegments:
1) By Smart Alarms: Motion Sensors, Door Or Window Sensors, Smart Sirens, Smart Alert Systems
2) By Smart Camera And Monitoring System: Indoor Security Cameras, Outdoor Security Cameras, Video Doorbells, Smart Surveillance Systems
3) By Smart Locks And Sensors: Smart Deadbolts, Keyless Entry Systems, Smart Door Sensors, Smart Padlocks
4) By Smart Detectors: Smoke Detectors, Carbon Monoxide Detectors, Water Leak Detectors, Glass Break Sensors
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Which Regions Are Emerging as Leaders in the Smart Home Security Market?
Asia-Pacific was the largest region in the smart home security market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global smart home security market report during the forecast period. The regions covered in the smart home security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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