The global smart home security systems market is expected to reach USD 55 Bn by 2027. Will Global Smart Home security system market stand on this expected figure? 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The major players in the market are ADT Inc., Honeywell International Inc., Johnson Controls International PLC, Hangzhou Hikvision Digital Technology Co. Ltd, and Abode Systems Inc., among others. Further strategic partnerships and innovations are the driving force for the industry, and the market is evolving faster in terms of technology and features. To learn more about this report Download a Free Sample Report IMPACT OF COVID-19 ON THE MARKET With the shift to working from home, people spent more time at home. Therefore, fewer cases of home burglaries were recorded. However, as these fewer cases of robbery and assaults are witnessed due to social distancing, spending more time at home has also led to increased mental health emergency calls. The outbreak of COVID-19 has led to an additional motivation and incentive for voice control in the home, which has, in turn, driven awareness and adoption of a range of additional smart home devices and applications. Therefore, a shift in spending toward technology-enabled services for home consumption has increased. Since integrated voice control function in smart devices is particularly important, as it enables people to refrain from touching common surfaces, such as door handles, light switches, and thermostats, smart doorbells and video cameras are also ensuring its users receive deliveries without face-to-face exposure with people outside of the home. Such a change of habit and emphasis on online shopping could support increased smart home adoption long after the coronavirus pandemic is over. Ask for customization Increasing Competition Globally Essence Group, a global security solutions provider, announced a partnership with the Portuguese smart access supplier Chaviarte. As an expansion strategy for Essence into the Portuguese market for its WeR@Home security and home management platform, Chaviarte’s existing security hardware is expected to be integrated into the latter’s core business door lock and entry systems. Vivint collaborated with Chamberlain Group to offer better control and monitoring of smart homes and garages via a single app. myQ by Chamberlain Group (CGI) offers garage door opener brands. This is expected to help Vivint secure all vital access points to a typical smart home. Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report: IT Companies Tech Giants Government Bodies Home Décor Brands Retail Chains Smart Device Wholesalers Investors Time Period Captured in the Report: Historical Year: 2017-2022 Base Year: 2022 Forecast Period: 2022– 2027 For more information on the research reports, refer to below link: Global Smart Home Security Market Outlook to 2027 Related Reports: China Cyber Security Market Outlook to 2027F South Korea Digital Locks Market Outlook to 2027 Tags: ADT Smart Home Security and Safety Systems Market, Alphabet Smart Home Security and Safety Systems Market, Amazon Smart Home Security and Safety Systems Market, Apple Smart Home Security and Safety Systems Market, Argentina Smart Home Security And Safety Systems Market, Brazil Smart Home Security And Safety Systems Market, Canada Smart Home Security And Safety Systems Market, Comcast Smart Home Security Market, Egypt Smart Home Security And Safety Systems Market, Europe Smart Home Security and Safety Systems Market, France Smart Home Security and Safety Systems Market, FrontPoint Security Solutions Market share, Für Smart Homes Annual growth, Germany Smart Home Security and Safety Systems Market, Global Hardware Market for Smart Home Security, Global Market of Professionally Installed Smart Home Security, Global Market of Smart All-In-One Security Systems, Global Market of Smart Home Alarm Systems, Global Market of Smart Home Video Surveillance Systems, Hangzhou Hikvision Digital Technology Smart Home, Honeywell International Inc. 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