Smart Home Security and Surveillance System Market

Smart Home Security and Surveillance System Market Overview

The global Smart Home Security and Surveillance System Market size was valued at USD 36.43 billion in 2024 and is predicted to reach USD 66.64 billion by 2030 with a CAGR of 10.7% from 2025-2030.  

The factors such as rise in criminal activities, increasing number of aging population and rising integration of Internet of Thing (IOT) device drives the market expansion. However, privacy concerns surrounding smart home security systems hinders market growth. On the contrary, integration of 5G-enabled smart home devices unlocks market scopes and grows the demand for the smart home security systems.

Rise in Number of Crimes Propels Personal Smart Home Security System Industry

Growing crimes and thefts grows the demand for smart home devices, as these devices alert authorities and ensure immediate help during crucial situations. According to the Insurance Information Institute, 2023, the increasing crimes and thefts in 2023 affected 353 million people, and the crime rate increased by 72% in 2023, compared to previous years. 

Thus, these devices very quickly combine alerting authorities, increased security, and immediate assistance in emergencies, driving demand for devices designed for personal assistance. 

Rise in Number of Aging Populations Boosts Smart Home Security System Industry

The aging population is increasing the demand of smart device market because these devices offer valuable assistance with daily tasks, healthcare monitoring, and companionship for the elderly. As per World Health Organization estimates that by 2024, the number of people aged 60 and over is expected to increase to one in six, amounting to approximately 1.4 billion by 2030. 

Moreover, in a further 20 years, that number is anticipated to rise to about 2.1 billion-and include 426 million people aged 80 years or older. This rise in aging population stimulates the demand for smart home devices for domestic use by the elderly people in performing their household chores.

The Impact of IoT Integration on Smart Home Security Demand

Internet of thing (IOT) integration is driving up demand for smart home security and surveillance with IOT based devices that enable seamless integration and communication between different devices. Consumers now monitor and manage their home security systems from anywhere with internet connection. 

According to the latest report released by World Economic Forum, around globally 1.698 billion devices are connected to Internet of Things. Enabled smart home security allows homeowners to get real-time alerts and notifications regarding security events, view live video feeds, and arm/disarm their security systems using smartphones or other connected devices, all of these propel the smart home security and surveillance system market expansion.

Privacy Concerns Surrounding Smart Home Security Systems Hinders Market Growth

Smart home security systems raise privacy concern as it collects and store data about the home environment, including video footage, motion detection logs, and sensor data. This data collection poses a risk of being unauthorized accessed or sharing of sensitive information without the consent of the homeowner, thereby hindering the overall smart home security and surveillance system market growth.

5G-Enabled Smart Home Devices Unlocks Market Scopes

Upgrading smart home security devices with 5G integration brings real-time response, intelligence, and connectivity with seamless assistance for healthcare, home automation, and routine tasks. Such ultra-low latency and high-speed communication made household security systems the best smart security partner, remote caregiver, and autonomous helper, augmenting quality of life and independence for all ages. 

According to reports published by, The Scotland 5G Centre, 2024, The University of Glasgow is funded with USD 2 million to develop a testbed mobile network to advance 5G integration in household surveillance devices This showcases 5G’s potential to revolutionize the devices and remote learning globally.

Market Segmentation and Scope of the Study

The smart home security and surveillance system market report is segmented on the basis of component, product type, connectivity, communication module, installation, sales channel and region. On the basis of component, the market is divided into hardware, software, and service. On the basis of product type, the market is divided into smart cameras, smart door locks, smart alarms, sensors and others. On the basis of connectivity type, the market is divided into wired and wireless. On the basis of communication module, the market is divided into professionally monitored, and self-monitored. On the basis of compatibility with smartphones, the market is divided into (IOS and android). On the basis of installation, the market is divided into (DIY installation and professional installation). On the basis of sales channel, the market is divided into online and offline. Regional breakdown and analysis of each of the aforesaid segments include regions comprising North America, Europe, Asia-Pacific, and RoW. 

Geographical Analysis 

North America dominates the smart home security and surveillance system market share. It is projected to maintain this dominance throughout the forecast period, largely due to the increasing adoption of IoT devices. According to the U.S. National Science Foundation, 2023, connected IoT devices in the U.S. is expected to rise to around 41.6 billion by 2025. The Smart home security system consists of surveillance cameras, door, and/or window sensors, smart locks, and alarm systems to enable the homeowner to monitor it by a smartphone application this helps drive growth in the market.

Furthermore, the key market players present in the region including Honeywell International, Inc., SimpliSafe and EZVIZ, adopted various strategies such as product launch that acts as a momentum towards the expansion of smart home security and surveillance system industry. 

In October 2023, EZVIZ presented another new series of smart home wireless cameras and smart doorbells that are easy to install, flexible, and battery-operated for the Canadian homeowner. These endowed the Canadians with full surveillance capability as the door systems include 1080p resolution, night vision, two-way audio along with motion detection to secure home and family. Such product launches give rise to access and availability to smart home security boosting the industry.

On the other hand, Asia Pacific is expected to show a steady rise in the smart home security and surveillance system industry. The demand for smart home security devices are fueled by the increasing aging population in the region because these devices are used for monitoring daily tasks, healthcare checkups, and companionship, these are much-needed aids for elderly individuals. 

According to UNFPA, 2023, the present old aged population of India in 2023, stands at 153 million, that is going to reach up to 347 million by 2050. It further increases demand for smart home surveillance devices making them contribute a lot towards improvement in quality of life for elderly persons with assistance, health care, and companionship.

Moreover, homeowners spend more on security devices as the disposable income of the region continues to rise. Modern advanced systems provide lenses with remote viewing and real-time alert notifications, that further integrate into different smart devices. This trend is also contributing to the market growth. 

According to the recent report of the People Republic of China, the per capita disposable income of China saw a rise of 6.3% to reach 5,511 USD for the year 2023. Importantly, as disposable income rises, smart home security and surveillance systems are demanded as consumers now go out of their way to invest in technologies that ensure the safety of their person and property.

Competitive Landscape 

The smart home security and surveillance system industry comprises of various key market players such as Honeywell International, Inc., SimpliSafe, Schneider Electric, Vivint, Arlo Technologies, Yale, Johnson Controls, ABB Ltd, Philips Corporation, and Samsung Electronics, Google LLC, Apple Inc., Ring LLC, Zmodo, Hikvision Digital Technology Co., Ltd. These market players are adopting strategies such as product launches to stay competitive and maintain their market positions. 

For instance, in September 2023, Yale announced some security products, such as indoor and outdoor cameras, door and window sensors, and smart locks. A comprehensive security system correlates with smart home ecosystems so that it adds more security and convenience to homeowner experience. 

Additionally, in July 2023, Philips launched its first smart home security camera, utilized in outdoor as well as indoor environments. The smart security camera addresses the need that is skyrocketing at the voxel-level high-definition video quality, night vision, and motion detection features installed.

Furthermore, in January 2023, Arlo launched a set of smart home security and surveillance products for 2K HDR video quality, two-way audio, and advanced motion detection. The launch presented these products to homeowners with the greater security and psychological assurance of receiving customizable alerts accompanied by simple installation.

Key Benefits

• The report provides quantitative analysis and estimations of the smart home security and surveillance system market from 2025 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep dive analysis of the current and future smart home security and surveillance system market trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the smart home security and surveillance system market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated on the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Smart Home Security and Surveillance System Market Key Segments

By Components

• Hardware

• Software

• Service 

By Product Type

• Smart Cameras

• Smart Door Locks

• Smart Alarms

• Sensors 

• Others 

By Connectivity Type

• Wired 

• Wireless 

By Communication Module

• Professionally Monitored

• Self-Monitored

By Installation

• DIY Installation 

• Professional Installation

By Distribution Channel

• Online

• Offline

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe    

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

Key Players

• Honeywell International, Inc. 

• SimpliSafe 

• Schneider Electric

• Vivint

• Arlo Technologies 

• Yale 

• Johnson Controls

• ABB Ltd

• Philips Corporation 

• Samsung Electronics

• Google LLC

• Apple Inc.

• Ring LLC

• Zmodo

• Hikvision Digital Technology Co., Ltd.

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2024	USD 36.43 billion
Revenue Forecast in 2030	USD 66.64 billion
Growth Rate	CAGR of 10.7% from 2025 to 2030
Analysis Period	2024–2030
Base Year Considered	2024
Forecast Period	2025–2030
Market Size Estimation	Billion (USD)
Growth Factors	Rapid increase of crime rate is boosting the market. Growing ageing population drives the market. Rising integration of internet of thing (IOT) device drives the market.
Countries Covered	28
Companies Profiled	15
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.