Remote Home Monitoring Systems Market Share

Report ID: 2922
Published Date: Dec 24, 2024
Report Format: PDF, PPT

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Geographically, the remote home monitoring systems market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The market in North America industry is likely to dominate majority revenue share by 2037, due to advancements in technology and growth in the adoption of home automation products in the region to achieve a high standard of living and security. 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. Furthermore, Asia-Pacific is expected to be the fastest-growing market with a significant CAGR followed in the forecast period. The region’s market is expected to witness growth owing to 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.

Browse key industry insights with market data tables & charts from the report:

Remote Home Monitoring Systems Market Size Report 2037 [2025 Updated]

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of remote home monitoring systems is evaluated at USD 42.68 billion.

Remote Home Monitoring Systems Market size was over USD 37.8 billion in 2024 and is poised to exceed USD 237.89 billion by 2037, growing at over 15.2% CAGR during the forecast period i.e., between 2025-2037.

North America industry is likely to dominate majority revenue share by 2037, due to advancements in technology and growth in the adoption of home automation products in the region to achieve a high standard of living and security.

The major players in the market are Ooma, Inc., SimpliSafe, Inc., Bosch Security Systems, Inc., Tyco International Ltd., Honeywell International Inc., among others.