News Feed Item

United States Smart Home Security Market Report 2018: Demand for Smart Home Security Products is Expected to Increase 10.0% Per Year to 11.0 Billion in 2025 - ResearchAndMarkets.com

The "Smart Home Security Market in the US by Product" report has been added to ResearchAndMarkets.com's offering.

Smart Home Security Market in the US by Product

US demand for smart home security products is expected to increase 10.0% per year to 11.0 billion in 2025

Driving gains will be the greater cost, installation, and performance efficiencies of smart home security devices compared to traditional types, which will appeal to a broader range of consumers, as well as the growing ubiquity of smart home devices overall.

All Smart Home Security Products to Register Rapid Growth Through 2025

Smart Home Security

Gains will be driven by technological innovation, competitive pricing, and increasing consumer familiarity with smart devices overall and optimism (however cautious) about the potential solutions they may provide. Furthermore, the cost effectiveness, ease-of-installation, and ease-of-use of smart home security systems compared to traditional types will encourage adoption across a wider range of consumer demographics.

Key Findings in the Smart Home Security Market

Best Opportunities Expected for Devices with Multiple Security Features

Given the enhanced efficiencies of smart home security systems, devices with multiple security features, such as all-in-one smart home security systems and smart security cameras with integrated alarm systems, will continue to lead the market. For example, all-in-one systems and kits represented 64% of total demand in 2017 and will remain the leading product type through 2025; however, this segment will lose market share over the forecast period, as an increasing number of consumers select more individual components, such as smart security cameras and locks, to fill out extant systems.

Smart Locks to See Fastest Growth, Driven by Rollout of In-Home Delivery Services like Amazon Key

Smart home security locks and access controls are projected to see the fastest gains of the forecast period, nearly 24% per year to $2.0 billion in 2025. Sales will benefit from the expansion of in-home delivery services such as Amazon Key, as well as the growing popularity of video doorbells.

Rapid M&A Activity Reflects the Influx of a Hot Growth Market

Recent significant activities – e.g., Amazon’s $1.1 billion acquisition of leading video doorbell supplier Ring and Alarm.com’s acquisition of iControl’s Piper business unit – indicate that leaders in both the tech and traditional home security industries are investing heavily to penetrate the smart home security market. Competition will intensify as the market continues to consolidate and actions are taken to highlight one product mix over another (e.g., Amazon announced that it will cease selling new Nest Labs’ (Alphabet) Nest smart home devices; in turn, Nest Labs announced plans to pull all Nest devices from Amazon).

Smart home security products covered in the study include:

  • Smart home speakers and hubs
  • All-in-one smart home security systems and multi-component kits
  • Smart home security cameras and video doorbells
  • Smart home safety and security alarms
  • Smart home locks and access controls

The study also compares global and US market size for smart home security products and presents overviews for the following segments of the overall US security market:

  • Electronic security products
  • Video surveillance products
  • Safety and security alarms
  • Access control systems
  • Scope of the Report

This report covers the scope, size, and growth of the US smart home security market including key trends in product mix and technological innovation. Historical data are provided for 2016 and 2017, along with forecasts for 2018 and 2025. Data are provided in both volume and value terms. Also included is an analysis of the leading industry key players, their market activities, and their recent or forthcoming product introductions.

For more information about this report visit https://www.researchandmarkets.com/research/jr9sjs/united_states?w=4

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
All in Mobile is a place where we continually maximize their impact by fostering understanding, empathy, insights, creativity and joy. They believe that a truly useful and desirable mobile app doesn't need the brightest idea or the most advanced technology. A great product begins with understanding people. It's easy to think that customers will love your app, but can you justify it? They make sure your final app is something that users truly want and need. The only way to do this is by ...
Authorization of web applications developed in the cloud is a fundamental problem for security, yet companies often build solutions from scratch, which is error prone and impedes time to market. This talk shows developers how they can (instead) build on-top of community-owned projects and frameworks for better security.Whether you build software for enterprises, mobile, or internal microservices, security is important. Standards like SAML, OIDC, and SPIFFE help you solve identity and authenticat...
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...
DXWorldEXPO LLC announced today that Big Data Federation to Exhibit at the 22nd International CloudEXPO, colocated with DevOpsSUMMIT and DXWorldEXPO, November 12-13, 2018 in New York City. Big Data Federation, Inc. develops and applies artificial intelligence to predict financial and economic events that matter. The company uncovers patterns and precise drivers of performance and outcomes with the aid of machine-learning algorithms, big data, and fundamental analysis. Their products are deployed...
Whenever a new technology hits the high points of hype, everyone starts talking about it like it will solve all their business problems. Blockchain is one of those technologies. According to Gartner's latest report on the hype cycle of emerging technologies, blockchain has just passed the peak of their hype cycle curve. If you read the news articles about it, one would think it has taken over the technology world. No disruptive technology is without its challenges and potential impediments t...
CloudEXPO New York 2018, colocated with DevOpsSUMMIT and DXWorldEXPO New York 2018 will be held November 12-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI and Machine Learning to one location.
Hackers took three days to identify and exploit a known vulnerability in Equifax’s web applications. I will share new data that reveals why three days (at most) is the new normal for DevSecOps teams to move new business /security requirements from design into production. This session aims to enlighten DevOps teams, security and development professionals by sharing results from the 4th annual State of the Software Supply Chain Report -- a blend of public and proprietary data with expert researc...
DXWorldEXPO LLC announced today that Nutanix has been named "Platinum Sponsor" of CloudEXPO | DevOpsSUMMIT | DXWorldEXPO New York, which will take place November 12-13, 2018 in New York City. Nutanix makes infrastructure invisible, elevating IT to focus on the applications and services that power their business. The Nutanix Enterprise Cloud Platform blends web-scale engineering and consumer-grade design to natively converge server, storage, virtualization and networking into a resilient, softwar...
So the dumpster is on fire. Again. The site's down. Your boss's face is an ever-deepening purple. And you begin debating whether you should join the #incident channel or call an ambulance to deal with his impending stroke. Yes, we know this is a developer's fault. There's plenty of time for blame later. Postmortems have a macabre name because they were once intended to be Viking-like funerals for someone's job. But we're civilized now. Sort of. So we call them post-incident reviews. Fires are ne...
The digital transformation is real! To adapt, IT professionals need to transform their own skillset to become more multi-dimensional by gaining both depth and breadth of a wide variety of knowledge and competencies. Historically, while IT has been built on a foundation of specialty (or "I" shaped) silos, the DevOps principle of "shifting left" is opening up opportunities for developers, operational staff, security and others to grow their skills portfolio, advance their careers and become "T"-sh...
This session will provide an introduction to Cloud driven quality and transformation and highlight the key features that comprise it. A perspective on the cloud transformation lifecycle, transformation levers, and transformation framework will be shared. At Cognizant, we have developed a transformation strategy to enable the migration of business critical workloads to cloud environments. The strategy encompasses a set of transformation levers across the cloud transformation lifecycle to enhance ...
Lori MacVittie is a subject matter expert on emerging technology responsible for outbound evangelism across F5's entire product suite. MacVittie has extensive development and technical architecture experience in both high-tech and enterprise organizations, in addition to network and systems administration expertise. Prior to joining F5, MacVittie was an award-winning technology editor at Network Computing Magazine where she evaluated and tested application-focused technologies including app secu...
Mike is managing director in Deloitte Consulting LLP's Cloud practice, responsible for helping clients implement cloud strategy and architecture to drive digital transformation. Beyond his technology experience, Mike brings an insightful understanding of how to address the organizational change, process improvement, and talent management challenges associated with digital transformation. Mike brings more than 30 years of experience in software development and architecture to his role. Most recen...
Having been in the web hosting industry since 2002, dhosting has gained a great deal of experience while working on a wide range of projects. This experience has enabled the company to develop our amazing new product, which they are now excited to present! Among dHosting's greatest achievements, they can include the development of their own hosting panel, the building of their fully redundant server system, and the creation of dhHosting's unique product, Dynamic Edge.