Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Smart security is a wireless network system, which offers maximum protection compared to older security features. It allows the users to manage their home or office security from their mobile devices or PC. Smart security systems add some additional features to security that enhances the level of safety and awareness. It provides greater flexibility and convenience to users, they can access it whenever they want.
Technological advancements and increasing purchasing power of consumers drives the growth of the smart security market. The advanced features of smart security systems such as voice recognition is an added advantage. Rising adoption of internet, smartphones, and tablets fuels the demand for IoT in security. The emerging trend of implementation of artificial intelligence in smart security further has a positive impact on the growth of the market.
The study analyses the global smart security market based on application, technology, end-users and geography.
Based on the application smart security market is segmented into fire protection systems, doorbells, CCTV cameras, lighting solutions, access control systems, alarms and others. Smart CCTV cameras are connecting wirelessly with home or office networks and allow the user to check in on their indoor and outdoor spaces at any time and any place. The features offered by the SMART camera system such as motion detection, HD resolution, night focus, 2-way audio and others boost the demand for smart cameras.
By technologies, the smart security market is segmented into Bluetooth, Wi-Fi, ZigBee and others. Wi-Fi technology is the most familiar and commonly used technology. It contributes the largest share in the growth of the smart security market.
Based on end-users the smart security market is bifurcated into homes and businesses.
The key competitors of the market ADT, Honeywell, HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO. LTD. (HANGZHOU HIKVISION DIGITAL TECHNOLOGY) (China), ASSA ABLOY AB (ASSA ABLOY) (Sweden), SECOM CO. LTD. (SECOM) (Japan), Robert Bosch GmbH (Robert Bosch) (Germany), United Technologies Corporation (United Technologies) (US), Godrej and Boyce Mfg. Co. Ltd. (Godrej & Boyce) (US), Alarm.com Incorporated (Alarm.com) (US), Allegion Plc. (Allegion) (Republic of Ireland), Control4 Corporation (Control4) (US), Schneider Electric SE. (Schneider Electric) (France), Legrand Pvt Ltd. (Legrand) (France), Asea Brown Boveri Ltd. (ABB) (Switzerland), Com cast Corporation (Comcast) (US) and others
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and the Rest of the World. North America held the largest market share of the smart security market. Technological advancements drives the growth of the market in the region.
The study analyses the global smart security market based on application, technology, end users and geography. Based on the application smart security market is segmented into fire protection systems, doorbells, CCTV cameras, lighting solutions, access control systems, alarms and others. By technologies, the smart security market is segmented into Bluetooth, Wi-Fi, zigbee and others. Based on end-users the smart security market is bifurcated into homes and businesses. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and the Rest of the World.
Why to buy this report:
• The report offers to change market dynamics in the smart security market industry, presenting historical, current and projected market size in terms of value (USD Million)
• The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of the smart security market.
• It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments and a neutral perspective of the smart security market performance.
• The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of the smart security market.
