In 2024, the global smart home security market was valued at around 32.5 billion U.S. dollars. The smart home security market size is forecast to increase over the next few years to nearly 62 billion U.S. dollars by 2029. Smart home security refers to a set of internet-connected devices that monitor, detect, and alert users about potential intrusions in their homes. These devices can include surveillance cameras, alarm systems, motion detectors, and smart locks, among others. Despite the privacy issues associated with smart home security devices, the importance of owning a home security system outweighs these concerns in most countries worldwide.
Smart home security market size worldwide from 2024 and forecast for 2029
(in billion U.S. dollars)
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Mordor Intelligence. (April 4, 2023). Smart home security market size worldwide from 2024 and forecast for 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1056057/worldwide-smart-home-security-market-value/
Mordor Intelligence. "Smart home security market size worldwide from 2024 and forecast for 2029 (in billion U.S. dollars)." Chart. April 4, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1056057/worldwide-smart-home-security-market-value/
Mordor Intelligence. (2023). Smart home security market size worldwide from 2024 and forecast for 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1056057/worldwide-smart-home-security-market-value/
Mordor Intelligence. "Smart Home Security Market Size Worldwide from 2024 and Forecast for 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 4 Apr 2023, https://www.statista.com/statistics/1056057/worldwide-smart-home-security-market-value/
Mordor Intelligence, Smart home security market size worldwide from 2024 and forecast for 2029 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1056057/worldwide-smart-home-security-market-value/ (last visited November 21, 2024)
Smart home security market size worldwide from 2024 and forecast for 2029 (in billion U.S. dollars) [Graph], Mordor Intelligence, April 4, 2023. [Online]. Available: https://www.statista.com/statistics/1056057/worldwide-smart-home-security-market-value/
