In the home monitoring and security market, the managed services segment is a long play incurring higher initial investment but with higher potential payoffs, whereas the DIY segment can more quickly acquire customers and near-term revenue but with lower margins and a larger set of competitors. Successful managed solution vendors, as well as DIY vendors now offering managed services, will need to deliver a high-value service promise to justify the relatively high costs compared with many à la carte DIY solutions.
Worldwide Smart Home Monitoring and Security Forecast, 2020–2024
TABLE OF CONTENTS
List of Attachments
Market Forecast Figure
Figure: Worldwide Smart Home Monitoring and Security Shipment Snapshot
Executive Summary
Advice for Technology Suppliers
Market Forecast
Shipments Forecast by Device Type
Table: Worldwide Smart Home Monitoring and Security Shipments by Device Type, 2019–2024 (M)
Value of Shipments Forecast by Device Type
Table: Worldwide Smart Home Monitoring and Security Value of Shipments by Device Type, 2019–2024 ($M)
Figure: Worldwide Smart Home Monitoring and Security Value of Shipments by Device Type, 2019–2024
Shipments Forecast by Region
Table: Worldwide Smart Home Monitoring and Security Device Shipments by Region, 2019–2024 (M)
Figure: Worldwide Smart Home Monitoring and Security Device Shipments by Region, 2019–2024
Shipment Value Forecast by Region
Table: Worldwide Smart Home Monitoring and Security Device Value of Shipments by Region, 2019–2024 ($M)
Figure: Worldwide Smart Home Monitoring and Security Device Value of Shipments by Region, 2019–2024
Market Context
Drivers and Inhibitors
Drivers
Rising Broadband Penetration
Confidence in the "Do It Yourself" Approach
Inhibitors
Privacy/Security Concerns
Costs of Devices and Services
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
Related Research
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