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INSIGHTS

Security still a main focus for smart home users

Security still a main focus for smart home users
Security has always been a top concern for homeowners. As such, it makes sense that growth in the U.S. smart home market has come from the security business. In Europe service providers are driving smart home growth.
The convenience of smart homes is a driving force behind market growth — but security remains a top priority. 

Security has always been a top concern for homeowners. As such, it makes sense that growth in the U.S. smart home market has come from the security business. In Europe service providers are driving smart home growth.

A report by Markets and Markets estimates the global home security market will reach nearly US$75.8 billion by 2023, up from $45.6 billion in 2018. Drivers of growth include the emergence of wireless and internet of things (IoT) technologies and increasing consumer awareness. 

Especially now, the smart home market is more geared toward security. &qu...


Product Adopted:
Residential Security
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