Smart home security market seen reaching $112.6 billion by 2032

By AI, Created 12:06 PM UTC, May 26, 2026, /AGP/ – Allied Market Research projects the global smart home security market will grow from $25.8 billion in 2022 to $112.6 billion by 2032, driven by rising urbanization, connected devices and demand for remote monitoring. North America led in 2022, while Asia-Pacific is expected to post the fastest growth.

Why it matters: - The smart home security market is projected to more than quadruple by 2032, signaling strong demand for connected home protection. - Growth in the market reflects broader adoption of IoT-enabled monitoring, remote access and automated safety tools in homes. - The forecast points to expanding opportunity for hardware, software and device makers across both mature and fast-growing regions.

What happened: - Allied Market Research said the global smart home security market was valued at $25.8 billion in 2022. - The firm projects the market will reach $112.6 billion by 2032. - The forecast implies a 16.2% compound annual growth rate from 2023 to 2032. - The report was published May 26, 2026.

The details: - Smart home security systems use IoT-enabled technologies to let consumers remotely manage and monitor home security. - The systems can control surveillance inside and around the home and manage access through smart locks. - The systems alert homeowners to unusual activity or unauthorized attempts to open doors or windows. - Conventional systems can stop monitoring when disabled, while smart security systems continue monitoring and sounding alarms. - Urbanization is increasing demand for intelligent home security systems that improve home safety and efficiency. - The market is being driven by demand for real-time security that helps users make informed decisions and act on suspicious behavior. - By component, hardware led the market in 2022 and is expected to remain dominant during the forecast period. - Software is expected to post the fastest growth as demand rises for connected devices and internet technology. - By device type, smart cameras and monitoring systems held the largest share in 2022. - By application, independent houses accounted for the largest share in 2022. - By region, North America generated the highest revenue in 2022. - Asia-Pacific is expected to deliver the fastest growth, supported by urbanization and smart city investment. - The report says COVID-19 created new growth avenues through greater use of IoT, AI and cloud-based security operations. - Security companies also increased use of process automation and sensors to improve efficiency and reduce expenses after the outbreak. - Qualcomm and BOE Technology Group announced a collaboration in April 2020 to develop display products with Qualcomm 3D sonic ultrasonic fingerprint sensors. - The report lists major market players as Abode Systems Inc., ADT Inc., Assa Abloy, Frontpoint Security Solutions LLC, Hangzhou Hikvision Digital Technology Co. Ltd., Honeywell International Inc., Ingersoll Rand, Johnson Controls International PLC, Robert Bosch and Vivint Smart Home Inc. - These companies have used business expansion, new product launches and partnerships to support industry growth. - More information is available in the sample report. - Purchase inquiries are available through the company’s purchase page. - The buy now option is also listed online.

Between the lines: - The strongest growth appears to be shifting from basic hardware toward software that connects devices, analyzes data and supports automation. - Asia-Pacific’s expected pace suggests smart home security is still in an earlier adoption phase in fast-urbanizing markets. - The report ties post-pandemic growth to cloud, AI and automation, which indicates security buyers may be prioritizing systems that are easier to manage remotely.

What’s next: - Allied Market Research expects continued market expansion through 2032 as connected-home adoption widens. - Software investment and smart city buildouts are likely to remain key growth drivers. - Regional competition may intensify as vendors target both North America’s established base and Asia-Pacific’s faster-growing demand.

The bottom line: - Smart home security is moving from a niche home upgrade to a mainstream connected-services market with strong global growth ahead.