According to a new report, published by KBV research, The Global Smart Security Market size is expected to reach $135 billion by 2030, rising at a market growth of 12.2% CAGR during the forecast period.
The Hybrid segment is registering a CAGR of 11.7 % during the forecast period. Hybrid security solutions that leverage on-premises and cloud-based components can provide scalability, flexibility, and remote access to security systems. Hybrid security solutions that support open platforms and standards allow for integrating diverse devices and technologies from different manufacturers. This fosters interoperability, enabling users to choose the best-of-breed components for their specific security needs. Integrating artificial intelligence and machine learning algorithms into security systems enables more advanced threat detection and predictive analytics.
The Intelligent Video Surveillance segment led the Global Smart Security Market, by Type in 2022; thereby, achieving a market value of $56.78 billion by 2030. Real-time video feed analysis and automatic threat detection are capabilities of intelligent video surveillance systems. This includes identifying unauthorized access, suspicious behavior, or unusual activities and enabling quick responses to security incidents. Facial recognition technology allows for identifying and verifying individuals captured on video. This feature is valuable for access control, monitoring personnel, and enhancing security in various environments.
The Commercial segment is growing at a CAGR of 11.7 % during the forecast period. Commercial properties utilize high-definition video surveillance cameras equipped with advanced analytics. Video analytics features, such as facial recognition, object detection, and behavior analysis, contribute to improved security monitoring and threat detection. Commercial buildings implement smart visitor management systems for efficient and secure handling of guests. These systems may include digital sign-in processes, ID verification, and integration with access control systems to monitor visitor movements.
The Asia Pacific region dominated the Global Smart Security Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $49.6 billion by 2030. The Europe region is anticipated to grow at a CAGR of 12% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 11.8% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/smart-security-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Alarm.com Holdings, Inc., Netgear, Inc., ADT, Inc., Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International, Inc., Johnson Controls International PLC, Samsung Electronics Co., Ltd. (Samsung Group), Amazon.com, Inc., Robert Bosch GmbH and Legrand Group
By Protocol
By Type
By Application
By Geography
Companies Profiled
Unique Offerings 
