According to a new report, published by KBV research, The Global Smart Home Security Market size is expected to reach $113.69 billion by 2032, rising at a market growth of 14.9% CAGR during the forecast period.
The Condominiums/Apartments segment is leading the Global Smart Home Security Market by Application in 2024; thereby, achieving a market value of $71.54 billion by 2032. This growth is supported by the rising number of multi-unit residential developments in urban areas and the increasing need for affordable, scalable security solutions suitable for shared living spaces. Residents in condominiums and apartments are turning to smart intercom systems, keyless entry, video doorbells, and centralized monitoring tools that integrate with building security systems. Furthermore, property developers and building managers are increasingly incorporating smart security features as part of modern residential amenities, further contributing to this segment’s growth.
The Hybrid segment is anticipating a CAGR of 15.7% during (2025 - 2032). These systems combine the reliability of wired connections with the flexibility of wireless technology, offering users a balanced approach to home security. Hybrid solutions are increasingly popular among consumers seeking enhanced performance, especially in larger homes or properties with multiple security zones. They are also preferred when certain components benefit from constant power and connectivity while others use wireless mobility. The hybrid model’s adaptability and dependability have contributed significantly to its rising market presence.
The Hardware segment is generating the maximum revenue in the Global Smart Home Security Market by Component in 2024; thereby, achieving a market value of $48.6 billion by 2032. This is primarily due to the widespread deployment of physical security devices such as smart cameras, sensors, alarms, and smart locks. As these devices form the backbone of any smart home security system, the demand for advanced, reliable, interconnected hardware components remains consistently strong. Additionally, advancements in hardware capabilities, such as improved resolution in surveillance cameras and enhanced sensor accuracy, have contributed to higher consumer adoption and greater market revenue.
The Smart Sensors & Detectors segment is registering a CAGR of 15.6% during (2025 - 2032). The growing demand for real-time alerts and automated responses to potential security threats such as break-ins, smoke, gas leaks, or water damage drives this dominance. These sensors are integral to comprehensive security systems and offer enhanced safety by constantly monitoring various environmental conditions. Their ease of integration with other smart devices and the rising consumer awareness about proactive threat detection have significantly fuelled their adoption in residential settings.
Full Report: https://www.kbvresearch.com/smart-home-security-market/
The North America region dominated the Global Smart Home Security Market by Region in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $39.4 billion by 2032. The Europe region is experiencing a CAGR of 14.5% during (2025 - 2032). Additionally, The Asia Pacific region would exhibit a CAGR of 15.8% during (2025 - 2032).
By Application
By Connectivity
By Component
By Device Type
By Geography
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