Home Wi-Fi Security Device Industry - Regional Synopsis
North America Market Statistics
North America industry is expected to account for largest revenue share by 2037, 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).
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
Home Wi-Fi Security Device Market size is likely to expand at more than 22.7% CAGR during the forecast period i.e., between 2025-2037.
Surge in Wi-Fi penetration, growing use of smartphones, rising trend of IoT devices, and growing prevalence of urbanization will propel the market growth.
North America industry is expected to account for largest revenue share by 2037, 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.
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.
