Global Connected Home Security System Market to Grow 48.06% - Key Vendors are Comcast, Honeywell Total Connect & Verizon
DUBLIN, March 21, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/hzbxwc/global_connected) has announced the addition of the "Global Connected Home Security System Market 2016-2020" report to their offering.
The global connected home security system market is expected to grow at a CAGR of 48.06% during the period 2016-2020.
Connected home security solutions include night-vision 3D video cameras, electronic locks, motion sensors, burglar alarms, and monitoring devices. Home-integrated networks play a vital role in effective functionality of these security systems.
Connected home security market innovations such as decreased hardware prices, advances in wireless standards, smartphone penetration, improved bandwidth, and well-positioned apps for accessing home systems are fueling the growth of this market. Vendors are expanding their distribution channels and R&D expenditure to improve their product offerings and leverage on the trend of home automation to provide homeowners with enhanced security.
According to the report, the growing demand for home security systems and the recent increase in smartphone penetration will aid in the growth of this market during the predicted period.
Further, the report states that with the advent of IoT, the number of connected devices worldwide has increased significantly over the past few years. All Wi-Fi-enabled devices operate on cloud technology where privacy is one of the major concerns when adopting smart home technology.
- Honeywell Total Connect
Key questions answered in this report:
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Geographical segmentation
PART 07: Market drivers
PART 08: Impact of drivers
PART 09: Market challenges
PART 10: Impact of drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
For more information visit http://www.researchandmarkets.com/research/hzbxwc/global_connected
Research and Markets
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SOURCE Research and Markets