According to a study on the Connected Security Home Market done by Persistence Market Research, the global connected home security market was valued at $300 million in 2014, and is expected to surpass $400 million by the end of 2019. The connected home security market is expected to grow at a CAGR of 12 percent between 2019 and 2029, and is estimated to reach a global value of $1.4 billion by the end of 2029.
The report on the global connected home security market contains vital macroeconomic and forecast factors that are estimated to drive the growth of the global connected home security market. The report also discusses the restraints that are expected to hamper the global market, along with potential opportunities and latest trends in the market across the value chain.
Learn more about the study here.