Worldwide Smart Home Monitoring and Security Forecast Update, 2020–2024: CY 4Q20

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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