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Home Wi-Fi Security Device Market Share

  • Report ID: 152
  • Published Date: Sep 30, 2024
  • Report Format: PDF, PPT

Home Wi-Fi Security Device Market Share

North America Market Statistics

Regionally, the global home Wi-Fi security device market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America is predicted to dominate majority revenue share by 2036, backed by expansion of smart cities, rapid adoption of home Wi-Fi security devices in this region, and increasing investment in the research and development in the region. As per the World Bank statistics, in 2020, the yearly research and development expenditure in North America accounted for 2.63% of the total Gross Domestic Product (GDP).   

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Home Wifi Security Device Market Share
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Author Credits:  Abhishek Verma


  • Report ID: 152
  • Published Date: Sep 30, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Surge in Wi-Fi penetration, growing use of smartphones, rising trend of IoT devices, and growing prevalence of urbanization are some major factors driving the growth of the market.

The market is anticipated to attain a CAGR of ~23% over the forecast period, i.e., 2022 – 2031.

High set up charges of home Wi-Fi security device, multiplicity of smartphones and security systems, and high data charges are estimated to hamper the market growth.

The market in North America is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.

The major players in the market are ADT, Honeywell International Inc, ASSA ABLOY, Vivint, Inc., SimpliSafe, Inc., Axis Communications AB, NETGEAR Inc., Hangzhou Hikvision Digital Technology Co. Ltd, Cove Smart, LLC, and others.
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