Research Nester released a report titled “Remote Home Monitoring Systems Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers a detailed overview of the global remote home monitoring systems market in terms of market segmentation by systems, sensors, installation, and operating system.
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Remote Home Monitoring Systems Market to Grow with a
Moderate CAGR During 2021-2029; Increasing Urban Population
and Rising Security Concern to Drive Market Growth
Research Nester released a report titled “Remote Home Monitoring
Systems Market: Global Demand Analysis & Opportunity Outlook
2029” which delivers detailed overview of the global remote home
monitoring systems market in terms of market segmentation by systems,
sensors, installation and operating system.
Further, for the in-depth analysis, the report encompasses the industry
growth indicators, restraints, supply and demand risk, along with detailed
discussion on current and future market trends that are associated with the
growth of the market.
The remote home monitoring systems market is projected to grow with a
moderate CAGR during the forecast period, i.e., 2021-2029 on account of the
increasing security concerns among population. According to the
(NAHB), 46 percent of US-based Millennials own at least one smart home
product in 2019.
The market is segmented by systems into video surveillance systems, fire
protection systems, entrance control systems, access control systems,
intruder alarm systems, and others. Among these segments, the video
surveillance systems segment is anticipated to hold the largest share by the
end of 2021 in the remote home monitoring market as a result of the growing
theft rates and advancement in video camera quality, recording capability,
and affordability than other systems.
On the basis of region, the market is segmented into North America, Europe,
Asia Pacific, Latin America, and the Middle East & Africa, out of which, the
remote home monitoring systems market in North America holds the largest
market share. Asia Pacific is projected to grow at the highest CAGR
throughout the forecast period. This can be attributed to the rising
urbanization and smart home evolution with the development of smart cities
in the Asia Pacific region. The Asia Pacific countries are extensively adopting