Menu ×

IT & TELECOM

Remote Home Monitoring Systems Market Segmentation by Systems (Video Surveillance Systems, Fire Protection Systems, Entrance Control Systems, Access Control Systems, Intruder Alarm Systems & Others); by Sensors (Motion Sensors, Water Sensors, Windows and Door Sensors, Glass Break Sensors, Environmental Sensors); by Installation and by Operating System– Global Demand Analysis and Opportunity Outlook 2021-2029

  • Text Size:

Extensive insights into the Growth of Remote Home Monitoring Systems Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More

Remote Home Monitoring Systems Market Highlights 2020-2029

The remote home monitoring systems market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029. Remote monitoring systems monitor and control home devices such as lights, windows, home appliances, security alarms, utility meters, thermostats, doors, and other devices. The growth of the market can also be attributed to the rapid increase in the use of connected devices and smartphones. The integration of IoT and wireless technologies in smart homes has also broadened the use of remote home monitoring systems. For instance, In November 2019, ABB launched IoT Dashboard for mid-sized commercial building automation solutions. 

Remote Home Monitoring Systems Market ImageThe market is segmented based on systems into video surveillance systems, fire protection systems, entrance control systems, access control systems, intruder alarm systems, and others, out of which the video surveillance system segment is anticipated to grab the most significant share by the end of 2021 on account of growing theft rates and major advancement in video camera quality, recording capability, and affordability than other systems.

Based on the operating system, an android segment in the global remote home monitoring systems market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the fact that open-source software is installed on android smartphone devices for free. As a result, a considerable portion of the population worldwide tend to choose android operating systems as offering more features to users.

Remote Home Monitoring Systems Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The market in North America holds the largest market share due to the advancements in technology and the growth in the adoption of home automation products in the region to achieve a high standard of living and security. Furthermore, Asia-Pacific is expected to be the fastest-growing market with a significant CAGR followed by Western Europe and Middle East & Africa in the forecast period. These regions are also witnessing rapid urbanization with the development of smart cities. Besides this, smart home evolution and mass commercialization have led to a large-scale modification in this market. CLICK TO DOWNLOAD SAMPLE REPORT

As per the analysis of National Association of Home Builders (NAHB), in 2019, 46% of US-based Millennials have at least one smart home products in the United states.

Remote Home Monitoring Systems Market Graph

The global remote home monitoring systems market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global remote home monitoring systems market includes the following segments:

By Systems

  • Video surveillance systems
  • Fire protection systems
  • Entrance control systems
  • Access control systems
  • Intruder alarm systems
  • Others

By Sensors

  • Motion sensors
  • Water sensors
  • Window and door sensors
  • Environmental sensors
  • Glass break sensors
  • Others

By Installation

  • Professionally-Installed and Monitored
  • Self-Installed and Professionally Monitored
  • Do-It-Yourself (DIY)

By Operating System

  • iOS
  • Android
  • Windows

Growth Drivers

  • Increasing adoption of the IoT technology in the smart homes
  • Rising trend toward safe, energy efficient, convenient and luxurious residences
  • Rise in urbanization and increase in the consumer expenditures for the lifestyle products

Challenges

  • High installation, maintenance and operational costs
  • Complexity in an integration of home automation system with devices and technical issues with installation

Top Featured Companies Dominating the Market

  • Honeywell International Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Ooma, Inc.
  • Johnson Controls International PLC (Tyco Security Products)
  • SimpliSafe, Inc.
  • Hangzhou Hikvision Digital Technology Co., Ltd.
  • Schneider Electric
  • Samsung Electronics Co. Ltd.
  • General Electric (GE)
  • Bosch Security Systems, Inc.
  • ADT

FREQUENTLY ASKED QUESTIONS


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2020 Research Nester. All Rights Reserved