The North America Smart Home Security Market would witness market growth of 14.1% CAGR during the forecast period (2025-2032).
The US market dominated the North America Smart Home Security Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $28,892.1 million by 2032. The Canada market sis experiencing a CAGR of 16.3% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 15.9% during (2025 - 2032).
Smart doorbells and lockers ensure secure delivery and pickup of parcels, reducing theft and missed deliveries. Facial recognition or OTPs (One-Time Passwords) can allow temporary access. Homeowners traveling away from home can activate vacation mode, which simulates human presence using lighting and sound systems while monitoring the home remotely via mobile applications.
Moreover, the adoption of smart home security solutions is growing steadily worldwide due to various factors. Awareness regarding the benefits of smart security, such as ease of use, integration with smart devices, and long-term cost savings, has spurred consumer interest.
The market across North America—particularly in Canada, the United States, and Mexico—is witnessing robust growth, driven by increasing crime rates and rapid digital adoption. Consumers seek advanced security technologies to protect their homes and assets as urban populations grapple with rising vehicle theft and other property crimes. Simultaneously, the widespread integration of internet-enabled technologies makes smart home systems more accessible and appealing to a broader demographic.
Based on Application, the market is segmented into Condominiums/Apartments, and Independent Homes. Based on Connectivity, the market is segmented into Wireless, Wired, and Hybrid. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Device Type, the market is segmented into Smart Camera & Monitoring System, Smart Locks, Smart Sensors & Detectors, Smart Alarms, and Other Device Type. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Nice S.p.A.
- Honeywell International, Inc.
- Johnson Controls International PLC
- Amazon.com, Inc.
- Robert Bosch GmbH
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Samsung Electronics Co., Ltd. (Samsung Group)
- Schneider Electric SE
- Google LLC (Alphabet Inc.)
- Axis Communications AB (Canon, Inc.)
By Application
- Condominiums/Apartments
- Independent Homes
- Wireless
- Wired
- Hybrid
- Hardware
- Software
- Services
- Smart Camera & Monitoring System
- Smart Locks
- Smart Sensors & Detectors
- Smart Alarms
- Other Device Type
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Smart Home Security Market, by Application
- 1.4.2 North America Smart Home Security Market, by Connectivity
- 1.4.3 North America Smart Home Security Market, by Component
- 1.4.4 North America Smart Home Security Market, by Device Type
- 1.4.5 North America Smart Home Security Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2024
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2021-2025)
- 4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2023, Feb – 2025, Feb) Leading Players
- 4.5 Porter Five Forces Analysis
- Chapter 5. North America Smart Home Security Market by Application
- 5.1 North America Condominiums/Apartments Market by Region
- 5.2 North America Independent Homes Market by Region
- Chapter 6. North America Smart Home Security Market by Connectivity
- 6.1 North America Wireless Market by Country
- 6.2 North America Wired Market by Country
- 6.3 North America Hybrid Market by Country
- Chapter 7. North America Smart Home Security Market by Component
- 7.1 North America Hardware Market by Country
- 7.2 North America Software Market by Country
- 7.3 North America Services Market by Country
- Chapter 8. North America Smart Home Security Market by Device Type
- 8.1 North America Smart Camera & Monitoring System Market by Country
- 8.2 North America Smart Locks Market by Country
- 8.3 North America Smart Sensors & Detectors Market by Country
- 8.4 North America Smart Alarms Market by Country
- 8.5 North America Other Device Type Market by Country
- Chapter 9. North America Smart Home Security Market by Country
- 9.1 US Smart Home Security Market
- 9.1.1 US Smart Home Security Market by Application
- 9.1.2 US Smart Home Security Market by Connectivity
- 9.1.3 US Smart Home Security Market by Component
- 9.1.4 US Smart Home Security Market by Device Type
- 9.2 Canada Smart Home Security Market
- 9.2.1 Canada Smart Home Security Market by Application
- 9.2.2 Canada Smart Home Security Market by Connectivity
- 9.2.3 Canada Smart Home Security Market by Component
- 9.2.4 Canada Smart Home Security Market by Device Type
- 9.3 Mexico Smart Home Security Market
- 9.3.1 Mexico Smart Home Security Market by Application
- 9.3.2 Mexico Smart Home Security Market by Connectivity
- 9.3.3 Mexico Smart Home Security Market by Component
- 9.3.4 Mexico Smart Home Security Market by Device Type
- 9.4 Rest of North America Smart Home Security Market
- 9.4.1 Rest of North America Smart Home Security Market by Application
- 9.4.2 Rest of North America Smart Home Security Market by Connectivity
- 9.4.3 Rest of North America Smart Home Security Market by Component
- 9.4.4 Rest of North America Smart Home Security Market by Device Type
- Chapter 10. Company Profiles
- 10.1 Nice S.p.A.
- 10.1.1 Company Overview
- 10.1.2 Recent strategies and developments:
- 10.1.2.1 Product Launches and Product Expansions:
- 10.1.2.2 Acquisition and Mergers:
- 10.2 Honeywell International, Inc.
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Segmental and Regional Analysis
- 10.2.4 Research & Development Expenses
- 10.2.5 SWOT Analysis
- 10.3 Johnson Controls International PLC
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Segmental & Regional Analysis
- 10.3.4 Research & Development Expenses
- 10.3.5 Recent strategies and developments:
- 10.3.5.1 Product Launches and Product Expansions:
- 10.3.6 SWOT Analysis
- 10.4 Amazon.com, Inc.
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Segmental Analysis
- 10.4.4 Recent strategies and developments:
- 10.4.4.1 Product Launches and Product Expansions:
- 10.4.5 SWOT Analysis
- 10.5 Robert Bosch GmbH
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Segmental and Regional Analysis
- 10.5.4 Research & Development Expense
- 10.5.5 SWOT Analysis
- 10.6 Hangzhou Hikvision Digital Technology Co., Ltd.
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Regional Analysis
- 10.6.4 Research & Development Expenses
- 10.6.5 Recent strategies and developments:
- 10.6.5.1 Product Launches and Product Expansions:
- 10.6.6 SWOT Analysis
- 10.7 Samsung Electronics Co., Ltd. (Samsung Group)
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Segmental and Regional Analysis
- 10.7.4 Research & Development Expenses
- 10.7.5 Recent strategies and developments:
- 10.7.5.1 Partnerships, Collaborations, and Agreements:
- 10.7.6 SWOT Analysis
- 10.8 Schneider Electric SE
- 10.8.1 Company Overview
- 10.8.2 Financial Analysis
- 10.8.3 Segmental and Regional Analysis
- 10.8.4 Research & Development Expense
- 10.8.5 SWOT Analysis
- 10.9 Google LLC (Alphabet Inc.)
- 10.9.1 Company Overview
- 10.9.2 Financial Analysis
- 10.9.3 Segmental and Regional Analysis
- 10.9.4 Research & Development Expenses
- 10.9.5 Recent strategies and developments:
- 10.9.5.1 Partnerships, Collaborations, and Agreements:
- 10.9.6 SWOT Analysis
- 10.10. Axis Communications AB (Canon, Inc.)
- 10.10.1 Company Overview
- 10.10.2 Financial Analysis
- 10.10.3 Segmental and Regional Analysis
- 10.10.4 Research & Development Expenses
- 10.10.5 SWOT Analysis
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