The smart home security market was valued at USD 1.41 billion in 2018 and is expected to reach USD 6.04 billion by 2026, growing at a CAGR of 19% from 2021 to 2027.
The growing number of Internet users, the rapid proliferation of smartphones and smart devices, and growing concerns about home monitoring from remote locations are key factors driving the growth of the global smart home security market. Additionally, increasing crime rates across the globe are driving the market growth.
A full report of Smart Home Security Market available at: https://www.orionmarketreports.com/smart-security-market/11439/
Smart Home Security Market Segmentations
By Product
• Smart Alarms
• Smart Locks and Sensors
• Smart Camera and Monitoring System
• Smart Detectors
By Application
• Independent Homes
• Apartments
• Condominiums
Key Market players
Some of the major players such as amazon, honeywell international, adt, frontpoint security solutions, and hangzhou hikvision digital technology.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
