Smart Security Market

Introduction of the Smart Security Market Report

Smart security is the advanced security system that provides data safety and works against criminal activities. These solutions support authorized monitoring, surveillance, and shielding against illegal activities in residential buildings, commercial spaces, and utility infrastructure. The global smart security market covers solutions surveillance systems, critical infrastructure, bio-metric & authentication system, and cyber security.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global smart Security market size include the increasing consciousness towards security and safety that has encouraged the adoption of security and surveillance-based products and services followed by the increasing awareness related to smart cities and privacy around the world. There has been an increase in the residential and hospitality projects around the world that is further contributing to the market growth. Various projects are going on related to residential and hospitality, including Orchid Villas Project, DoubleTree Hilton Hotel Projects, NEOM Projects, InterContinental Hotel Projects, AI Faisaliah City, and other projects that is directly increasing the demand for smart security solutions in the GCC region. Furthermore, the rising demand for smart security solutions in industries such as oil and gas, refining, aviation, logistics, petrochemical, among others is further responsible for the market growth. There has been an increase in the adoption of digital lifestyle among consumers which is further surging the market growth. The rising rate of crimes and robbery is further supporting individuals to opt for smart security solutions over the coming years.

Restraint in the Smart Security Market

However, the high installation cost of smart security solutions is a major factor that is hampering the growth of the smart security market share.

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Solutions – Segment Analysis

Based on the solutions, the cyber security solution is projected to grow at a higher CAGR during the forecast period. This is mainly due to the increasing crime rates of data leakage and cyber-attacks around the world. In addition to this, the rising internet penetration of the internet, rapid digitalization, followed by the increasing automation across sectors, are further driving the market growth.

Type – Segment Analysis

Based on the type, the video surveillance is expected to dominate the market during the forecast period. The rising focus on smart cities and smart home projects at the global level is driving the market growth. Moreover, the strong demand for cloud-based security services is further surging the market growth.

Application – Segment Analysis

Based on the application, the residential sector is projected to lead the market over the forecast period. The rapid urbanization and the smart city projects such as NEOM projects, AI Faisaliah City, and other projects are the key drivers that are responsible for the market growth over the coming years. In addition to this, the rising urban population is increasing the demand for an efficient and better public safety system, which are surging the market growth.

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Regional – Segment Analysis:

Based on the region, North America is expected to grow at a higher CAGR during the forecast period. The early adoption of the smart security solutions is a major driver that is surging the market growth. Moreover, the presence of the leading players such as Johnsons Control, Honeywell International Inc., and UCT, is further contributing to the market growth. Moreover, the emergence of the IoT and the development of smart cities is further driving regional market growth.

Top Market Players

Various notable players operating in the market include ADT, Google LLC, Alarm.com Incorporated, Canary Connect, Inc., Comcast, Honeywell International Incorporated, Hangzhou Hikvision Digital Technology Co., Ltd., NETGEAR, RING INCORPORATED, and SAMSUNG, among others 

Key Developments:

• • In 2020, ADT and Google entered in a partnership to develop one of the leading smart home security offering. Through this partnership, the company plans to offer the customers with integrated smart home technology in both DIY and professionally installed security offerings.

Segments covered in the Report:

The global Smart Security market has been segmented on the basis of Type, Solutions, Services, Application and regions. Based on Type, the market is segmented into Smart Intruder Alarms, Intelligent Video Surveillance, Intelligent Video Analytics, Smart Cards, and Others. Based on Solutions, the market is segmented into Surveillance Systems, Critical Infrastructure, Bio-metric & Authentication System, and Cyber Security. Based on Services, the market is segmented into Support & Maintenance Services, Cloud Services, and Consulting Services. Based on Application the market is segmented into Residential, Commercial and utility Infrastructure. 

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Key questions answered in this research report:

• • At what pace is global Smart Security market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Smart Security market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Smart Security market?
  • Which Type generated maximum revenues in 2019 and identify the most promising Type during the forecast period?
  • What are the various Solutions areas of global Smart Security market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Solutions, By Services, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	ADT, Google LLC, Alarm.com Incorporated, Canary Connect, Inc., Comcast, Honeywell International Incorporated, Hangzhou Hikvision Digital Technology Co., Ltd., NETGEAR, RING INCORPORATED, and SAMSUNG, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Smart Security Market by Type

• • Smart Intruder Alarms
  • Intelligent Video Surveillance
  • Intelligent Video Analytics
  • Smart Cards
  • Others

Global Smart Security Market by Solutions

• • Surveillance Systems
  • Critical Infrastructure
    • Energy Utilities
    • Ports, Airports, and Railways
  • Bio-metric & Authentication System
  • Cyber Security

Global Smart Security Market by Services

• • Support & Maintenance Services
  • Cloud Services
  • Consulting Services

Global Smart Security Market by Application

• • Residential
  • Commercial
  • Utility Infrastructure

Global Smart Security Market by Region

• • North America Smart Security Market (Option 1: As a part of the free 25% customization)

    • North America Smart Security Market by Type
    • North America Smart Security Market by Solutions
    • North America Smart Security Market by Services
    • North America Smart Security Market by Application
    • US Smart Security Market All-Up
    • Canada Smart Security Market All-Up

  • Europe Smart Security Market (Option 2: As a part of the free 25% customization)

    • Europe Smart Security Market by Type
    • Europe Smart Security Market by Solutions
    • Europe Smart Security Market by Services
    • Europe Smart Security Market by Application
    • UK Smart Security Market All-Up
    • Germany Smart Security Market All-Up
    • France Smart Security Market All-Up
    • Spain Smart Security Market All-Up
    • Rest of Europe Smart Security Market All-Up

  • Asia-Pacific Smart Security Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Smart Security Market by Type
    • Asia-Pacific Smart Security Market by Solutions
    • Asia-Pacific Smart Security Market by Services
    • Asia-Pacific Smart Security Market by Application
    • China Smart Security Market All-Up
    • India Smart Security Market All-Up
    • Japan Smart Security Market All-Up
    • Rest of APAC Smart Security Market All-Up

  • RoW Smart Security Market (Option 4: As a part of the free 25% customization)

    • RoW Smart Security Market by Type
    • RoW Smart Security Market by Solutions
    • RoW Smart Security Market by Services
    • RoW Smart Security Market by Application
    • Brazil Smart Security Market All-Up
    • South Africa Smart Security Market All-Up
    • Saudi Arabia Smart Security Market All-Up
    • UAE Smart Security Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Smart Security Market All-Up

Major Players Operating in the Smart Security (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • ADT
  • Google LLC
  • com Incorporated
  • Canary Connect, Inc.
  • Comcast
  • Honeywell International Incorporated
  • Hangzhou Hikvision Digital Technology Co., Ltd.
  • NETGEAR
  • RING INCORPORATED
  • SAMSUNG