Worldwide Smart Home Monitoring and Security Forecast Update, 2020–2024: CY 4Q20
This IDC study provides the updated worldwide smart home monitoring and security market forecast for 2020–2024."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," says Adam Wright, senior research analyst, IDC's Internet of Things Consumer research program. "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 a la carte DIY solutions."
Please Note: Extended description available upon request.
- IDC Market Forecast Figure
- Executive Summary
- Advice for Technology Suppliers
- Market Forecast
- Shipments Forecast by Device Type
- Value of Shipments Forecast by Device Type
- Shipments Forecast by Region
- Shipment Value Forecast by Region
- Market Context
- Drivers and Inhibitors
- Drivers
- Rising Broadband Penetration
- Confidence in "Do It Yourself" Approach
- Inhibitors
- Privacy/Security Concerns
- Costs of Devices and Services
- Coronavirus and Economic Turmoil
- Significant Market Developments
- Changes from Prior Forecast
- Market Definition
- Methodology
- Related Research
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