, /PRNewswire/ -- The global smart security market size is estimated to grow by .20 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 19.
77% during the forecast period. Growing number of smart cities worldwide is driving market growth, with a trend towards emergence of iot in video surveillance. However, complex infrastructural requirements poses a challenge.
Key market players include ACPL Systems Pvt. Ltd., ADT Inc.
, Alarm.com Holdings Inc., Alphabet Inc.
, Anchor Technologies Inc., Comcast Corp., Hangzhou Hikvision Digital Technology Co.
Ltd., Honeywell International Inc., Ingersoll Rand Inc.
, Integrity Communications Ltd., International Business Machines Corp., Johnson Controls International Plc.
, Legrand SA, Netgear Inc., Nippon Telegraph And Telephone Corp., NRG Energy Inc.
, Ring LLC, Samsung Electronics Co. Ltd., Smartfrog and Canary Holdings Inc.
, Tata Sons Pvt. Ltd., and Tech Mahindra Ltd.
. Get a detailed analysis on regions, market segments, customer landscape, and companies - The smart security market is experiencing a significant shift towards IoT technology in video surveillance. IoT-enabled cameras offer real-time footage transmission, integration with other devices, advanced threat detection, cost savings, and remote access.
These benefits are driving businesses and organizations to adopt IoT-based security systems for enhanced protection and operational efficiency. The trend is expected to continue, fueling market.
