COVID-19 Impact and Recovery Analysis | Connected Home Security Systems Market 2020–2024 | Cost Savings Due to Effective Monitoring Technology to Boost Growth | Technavio
Technavio has been monitoring the connected home security systems market and it is poised to grow by USD 11.09 billion during 2020–2024, progressing at a CAGR of over 17% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ADT Inc., Alarm.com Holdings Inc., Alphabet Inc., AT&T Inc., Comcast Corp., Honeywell International Inc., Ooma Inc., Panasonic Corp., Samsung Electronics Co. Ltd., and Verizon Communications Inc. are some of the major market participants. The cost savings due to effective monitoring technology will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Cost savings due to effective monitoring technology has been instrumental in driving the growth of the market.
Connected Home Security System Market 2020–2024: Segmentation
Connected Home Security System Market is segmented as below:
- Product
- Geography
- Alarms
- Cameras and Monitoring Systems
- Locks and Sensors
- Detectors
- North America
- Europe
- APAC
- South America
- MEA
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43123
Connected Home Security System Market 2020–2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our connected home security systems market report covers the following areas:
- Connected Home Security System Market Size
- Connected Home Security System Market Trends
- Connected Home Security System Market Industry Analysis
This study identifies the increasing number of households using broadband as one of the prime reasons driving the connected home security system market growth during the next few years.
Connected Home Security System Market 2020–2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the connected home security system market, including some of the vendors such as ADT Inc., Alarm.com Holdings Inc., Alphabet Inc., AT&T Inc., Comcast Corp., Honeywell International Inc., Ooma Inc., Panasonic Corp., Samsung Electronics Co. Ltd., and Verizon Communications Inc. Backed with competitive intelligence and benchmarking, our research reports on the connected home security system market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
