Connected Home Security Market Business Growth, Product Development and RegionalPosted by rohit on March 16th, 2020 Market Overview Connected home security is a set of combined systems linked to a house by Wi-Fi networks, which is responsible for monitoring, managing, and controlling security devices using smartphones. Home security systems typically include door and window sensors, motion detectors, sirens, smoke detectors, water sensors, and a hub that communicates with these devices using one or more wireless protocols such as Wi-Fi and ZigBee. Major factor driving growth of the connected home security market is increasing adoption of the internet of things (IoT), which enables smart communication environment between smart home devices. IoT can also be used to monitor, detect, and prevent an unauthorized access of the network, connecting IoT devices to back-end systems on the internet, efficiently. Additionally, it provides endpoint security such as antivirus and antimalware along with firewalls and disruption prevention and detection systems. Therefore it verifies multiple users of a single device platform. IoT ranges from simple static password or pins to more robust authentication mechanisms such as two-factor authentication, digital certificates, and biometrics. Request Sample Copy of this Report @https://www.coherentmarketinsights.com/insight/request-sample/1349 Market Dynamics Additionally, important elements of connected smart home initiatives such as deploying Wi-Fi hotspots and broadband connectivity, which are highly susceptibility to cyber-attacks. IoT security thus helps enhance the security through a unique technology called ‘User Pre-Shared Key’ (UPSK) for every device within the network, to ensure device security. For instance, according to Coherent Market Insights’ analysis, the global Internet of Things market was valued at around US$ 917.10 in 2016 from US$ 743.20 billion in 2015. Thus, increasing adoption of IoT technology is in turn, expected to increase adoption of smart home devices, thus increasing growth of the global connected home security market. The major factor expected to restrain growth of the global connected home security market is the high installation costs of intellectual smart products such as remote controlled thermostats. Global Connected Home Security Market: Taxonomy On basis of products, the connected home security market is segmented into:
On basis of Service, the connected home security market is segmented into:
Key players operating in the global connected home security market include ADT, AT&T, Tyco Security Products, Alarm.com, August Home, Butterfleye, Canary Connect, Cocoon Labs, Control4 Corporation, Deutsche Telekom, Frontpoint Security Solutions, G4S, Google, and Honeywell International. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Like it? Share it! More by this author |