Global Connected Home Security Device Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Detection Devices, Sensors, Security Cameras, Door Locks, Access Control, and Others.

By Component;

Software/Platform and Services.

By Connected Devices;

Smart TVs, Smart Thermostats, Smart Speakers, Smart Locks, Internet Security Cameras, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn762646073 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Connected Home Security Device Market (USD Million), 2021 - 2031

In the year 2024, the Global Connected Home Security Device Market was valued at USD 23,393.23 million. The size of this market is expected to increase to USD 72,768.16 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 17.6%.

The global connected home security device market has witnessed significant growth in recent years, driven by a combination of technological advancements, increasing awareness of home security, and the proliferation of smart home adoption worldwide. Connected home security devices encompass a range of products designed to enhance the safety and security of residential spaces through interconnected technologies. These devices leverage Internet of Things (IoT) technology to offer remote monitoring, real-time alerts, and seamless integration with other smart home systems.

One of the primary drivers of this market is the rising concern among consumers regarding home security threats. With instances of burglary and intrusion becoming more prevalent, homeowners are increasingly turning to connected security solutions to safeguard their properties. Moreover, advancements in IoT have revolutionized the capabilities of these devices, enabling features such as live video streaming, motion detection, and integration with voice assistants for enhanced usability.

The surge in smart home adoption has also fueled demand for connected security devices. As more households integrate smart technologies for convenience and energy efficiency, the appeal of comprehensive security systems that can be monitored and controlled remotely has grown. Government initiatives promoting smart city concepts further support market growth, encouraging the adoption of connected devices within residential environments.

However, the market faces challenges such as high initial costs associated with purchasing and installing these advanced systems, as well as concerns over privacy and data security. Issues related to compatibility between different devices and limited internet connectivity in certain regions also pose barriers to widespread adoption. Nevertheless, opportunities abound, particularly in emerging markets where increasing urbanization and disposable incomes are driving demand for innovative home security solutions tailored to modern lifestyles. As the market continues to evolve, technological innovations, partnerships among industry players, and the integration of home automation are expected to shape the future landscape of connected home security devices globally.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Component
    3. Market Snapshot, By Connected Devices
    4. Market Snapshot, By Region
  4. Global Connected Home Security Device Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rise in Smart Home Adoption
        2. Government Support and Policies
        3. Urbanization and Rising Disposable Income
      2. Restraints
        1. Compatibility Issues
        2. Limited Connectivity Infrastructure
        3. Installation and Use Complexity
      3. Opportunioties
        1. Partnerships and Collaborations
        2. Customization and Personalization
        3. Home Automation Integration
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Industry Rivalry
  5. Market Segmentation
    1. Global Connected Home Security Device Market, By Type, 2021- 2031(USD Million)
      1. Detection Devices
      2. Sensors
      3. Security Cameras
      4. Door Locks
      5. Access Control
      6. Others
    2. Global Connected Home Security Device Market, By Component, 2021- 2031(USD Million)

      1. Software/Platform

      2. Services

    3. Global Connected Home Security Device Market, By Connected Devices, 2021- 2031(USD Million)

      1. Smart TVs

      2. Smart Thermostats

      3. Smart Speakers

      4. Smart Locks

      5. Internet Security Cameras

      6. Others

    4. Global Connected Home Security Device Market, By Geography, 2021- 2031(USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Google Nest
      2. Honeywell
      3. GE
      4. Apple
      5. Tyco
      6. Samsung
      7. Hager Group Daitem Atral E-Nova
      8. Essence
      9. UTC / Interlogix
      10. RISCO Group
      11. Philips Hue
      12. Paradox
  7. Analyst Views
  8. Future Outlook of the Market