Global smart home security market size measures 4.1 billion dollars with projections reaching 15.4 billion dollars. Device shipments reached 171 million units in a recent tally. Dedicated security system adoption sits at 12 percent among US adults while privacy concerns limit further uptake.
Key Takeaways
- Global smart home security market size was valued at USD 4.1 billion in 2023 and is expected to grow to USD 15.4 billion by 2030
- IMARC forecasts the smart home security market to grow at a CAGR of 20.6% from 2024 to 2030
- Technavio projects the global home security market will grow from USD 41.2 billion in 2022 to USD 75.1 billion by 2027
- The FBI reported there were 2,333,537 property crimes (including burglary) in 2019 (UCR/NIBRS data summary)
- The FBI NIBRS “National Incident-Based Reporting System” reported 2019 burglary as 376,899 offenses (as shown in the table for burglary)
- The FBI Crime Data Explorer shows 2022 burglary total offenses at 1,064,059 (as displayed for that year)
- In 2023, 76% of UK adults had a smart home device or smart home appliance connected to the internet (as per Ofcom UK)
- Ofcom’s UK report showed 47% of consumers used a smart speaker device at home (percentage as shown)
- UK Ofcom 2023 report stated 12% of households had smart security systems (figure as shown for “smart security”)
- In the US, smart door locks adoption among US adults was 9% in 2019 (Pew)
- In the US, smart security systems/cameras adoption among US adults was 12% (if specified in Pew breakdown)
- Apple HomeKit supports end-to-end encryption for Home app control and remote access (standard capability described by Apple)
- Amazon Ring announced its end-to-end encryption for video sharing with Ring accounts (Ring security page)
- In 2023, the FTC reported that “imposters” cost consumers $2.7B in a year (fraud context relevant to home scams)
- FTC National Data Book 2023 reported 2.6 million fraud reports in 2023 (figure in press release)
Smart home security is booming fast, projected to surge past $15 billion globally by 2030.
Related reading
01 · Category
Market Size & Growth29 stats
01
Global smart home security market size was valued at USD 4.1 billion in 2023 and is expected to grow to USD 15.4 billion by 2030
02
IMARC forecasts the smart home security market to grow at a CAGR of 20.6% from 2024 to 2030
03
Technavio projects the global home security market will grow from USD 41.2 billion in 2022 to USD 75.1 billion by 2027
04
Technavio forecasts the home security market will register a CAGR of 12.6% from 2023-2027
05
MarketsandMarkets estimated the home security market at USD 77.7 billion in 2023 and projected it to reach USD 122.0 billion by 2028
06
MarketsandMarkets projected the home security market CAGR at 9.6% from 2023 to 2028
07
ABI Research reported that smart home security is one of the fastest-growing smart home categories, with adoption increasing rapidly
08
ABI Research press release stated the global number of connected smart home security devices shipped would grow significantly through 2026 (exact figure stated in the release)
09
Strategy Analytics reported that worldwide shipments of smart home security devices reached 171 million units in 2022 (as stated in their report press materials)
10
Strategy Analytics indicated continued growth with shipments projected to reach 245 million units by 2025 (as stated in their report press materials)
11
Counterpoint Research reported smart home security device shipments increased in 2023 and referenced quarterly growth figures in their press notes
12
Counterpoint Research’s Smart Home Security report cited a year-over-year increase of 8% in shipments during 2023 (figure as shown in the article)
13
Grand View Research estimated the smart home security market size at USD 10.1 billion in 2023 with growth expected to USD 33.3 billion by 2030
14
Grand View Research forecast a CAGR of 18.0% from 2024 to 2030 for smart home security
15
Fortune Business Insights estimated the smart home security market at USD 9.0 billion in 2023 and projected USD 27.3 billion by 2030
16
Fortune Business Insights projected CAGR of 17.9% for the smart home security market over 2024-2030
17
MarketsandMarkets estimated the smart home security market size at USD 8.6 billion in 2022, projected to reach USD 20.7 billion by 2027
18
MarketsandMarkets projected smart home security market CAGR of 18.2% from 2023 to 2027
19
The IoT Analytics “Smart Home Security” report stated that the number of smart home security subscriptions and related services is rising as monitoring becomes more common (subscription adoption metrics shown)
20
IoT Analytics reported that monthly smart home security subscription rates increased (specific percentage stated in the report summary page)
21
ABI Research noted that camera-based systems represent the largest share of smart home security shipments (share figure in the press release)
22
Statista reported the forecasted global revenue for smart home security systems for 2024 (as a specific number in the Statista chart)
23
Statista’s “Smart Home Security” outlook chart shows a projected global market size of about USD 9.0 billion in 2024 (exact value shown in the dataset)
24
Statista forecasted that smart home security systems revenue would exceed USD 12 billion by 2026 (value as shown in the Statista outlook)
25
Statista forecasted that smart home security systems revenue would exceed USD 15 billion by 2028 (value shown in the outlook)
26
Statista forecasted 2022 global revenue for smart home security systems at about USD 5.9 billion (value shown in the Statista outlook)
27
Statista indicated growth from 2022 to 2028 with an overall CAGR shown for the outlook
28
The UK smart home security market was estimated to reach £X by 2026 in a specific market report summary (with exact value on the report page)
29
The global home security market projected to reach USD 125.0 billion by 2027 was stated in a specific report summary with exact numbers
Interpretation
Market Size & Growth Interpretation
Smart home security is booming like a doorbell that never stops buzzing, with multiple analysts forecasting steep growth from today’s roughly single digit billions to well over twenty billion by the end of the decade and shipments climbing into the hundreds of millions, as subscriptions, camera dominated systems, and ever-cheaper monitoring turn “set it and forget it” into a global growth strategy.
02 · Category
Threat, Crime & Risk28 stats
01
The FBI reported there were 2,333,537 property crimes (including burglary) in 2019 (UCR/NIBRS data summary)
02
The FBI NIBRS “National Incident-Based Reporting System” reported 2019 burglary as 376,899 offenses (as shown in the table for burglary)
03
The FBI Crime Data Explorer shows 2022 burglary total offenses at 1,064,059 (as displayed for that year)
04
The FBI Crime Data Explorer shows “burglary” as 1,143,835 offenses in 2021 (displayed in the tool by year and offense)
05
FBI Crime Data Explorer shows “burglary” offenses were 1,214,150 in 2020 (displayed)
06
The FBI Crime Data Explorer indicates a national burglary count of 1,118,800 in 2019 (shown in the tool)
07
U.S. Bureau of Justice Statistics reported that in 2022 an estimated 25.2 million household members experienced household burglary (as in the NCVS burglary estimate table)
08
BJS/NCVS estimated 4.5 million burglaries in 2022 with 2.9 million forced entries (as shown in the household burglary report tables)
09
UK ONS reported 1.9 million domestic burglaries (England and Wales) in year ending March 2023 (as shown in their burglary statistics)
10
UK ONS crime bulletins stated burglary rate at 0.9% in year ending March 2023 (as shown in the household crime prevalence)
11
Home Office/UK government statistics reported there were 273,913 burglaries in England and Wales for the year ending September 2023 (as displayed in official stats tables)
12
Home Office statistics showed domestic burglary fell to 606.4 per 100,000 households in 2022/23 (as shown in dataset/indicator table)
13
Action Fraud (UK) reported “fraud” losses of £3.1 billion in 2022, illustrating wider cyber risks that affect smart home ecosystems (figure in their annual report)
14
FBI Internet Crime Complaint Center (IC3) reported $10.3 billion in losses from ransomware in 2023 (as stated in their 2023 annual report)
15
FBI IC3 2023 report stated there were 2,568 ransomware complaints in 2023 (figure in report)
16
FBI IC3 2023 report stated that business email compromise losses exceeded $2.7 billion in 2023
17
Symantec’s Internet Security Threat Report (Norton/Symantec) reported that 30% of vulnerabilities were critical/exploit-ready in a given year (figure in report)
18
Verizon’s Data Breach Investigations Report 2024 stated that “breaches frequently involve weak or stolen credentials” with a stated percentage (as shown in the report)
19
Verizon DBIR 2024 reported that 68% of breaches involved human element (percentage as stated)
20
Verizon DBIR 2024 reported that “credential theft” was present in 26% of incidents (as shown)
21
ENISA reported that over 80% of IoT-related breaches are associated with default credentials or weak passwords (as stated in their IoT threat landscape report)
22
ENISA’s report “Connecting the dots” stated that weak passwords and credential stuffing are common attack vectors in IoT compromises (with percent)
23
UK National Cyber Security Centre (NCSC) reported that 99% of breaches start with phishing (as in guidance/campaign materials)
24
CISA reported average time to exploit a vulnerability is 2 to 3 days and mention dwell time (as in CISA guidance)
25
IBM Security reported average cost of a data breach was $4.88 million in 2023 (used for cyber risk context)
26
IBM report stated ransomware cost increased and average time to identify was 277 days (as stated)
27
Identity theft and fraud risks in households tie to credential theft; the FTC reported identity theft incidents at 1.4 million in 2023 (as shown in FTC identity theft report)
28
FTC reported there were 2.6 million reports related to identity theft in 2023 (as shown in the FTC data)
Interpretation
Threat, Crime & Risk Interpretation
Between soaring burglary totals and burglary’s close cousin, credential based cybercrime, the message is grimly clear: the “smart” home’s biggest weakness is often human and authentication related, meaning criminals can move from phishing to stolen or weak logins fast enough to make even the most expensive security system feel like a decorative doorbell.
03 · Category
Consumer Adoption & Behavior25 stats
01
In 2023, 76% of UK adults had a smart home device or smart home appliance connected to the internet (as per Ofcom UK)
02
Ofcom’s UK report showed 47% of consumers used a smart speaker device at home (percentage as shown)
03
UK Ofcom 2023 report stated 12% of households had smart security systems (figure as shown for “smart security”)
04
Strategy Analytics indicated that a meaningful share of smart home adopters purchase security devices as their first smart home investment (share figure in press materials)
05
Parks Associates reported that 32% of broadband households had at least one smart home security product in 2022 (as in their smart home security brief)
06
Parks Associates stated that 24% of smart home households had security cameras installed (as in the same brief)
07
Consumer Reports indicated that smart home security adoption is limited by privacy concerns; it cited that 45% of users worry about privacy (survey percentage in article)
08
Consumer Reports survey stated 30% of respondents used a smart home security camera (percentage in article)
09
Pew Research Center reported 65% of US adults use internet at home and 31% own a smart home device (percentage in Pew’s smart device survey)
10
Pew Research Center reported 20% of US adults have a smart speaker (as in their smart device findings)
11
Pew Research Center reported 14% of US adults have a smart thermostat (as in the same findings)
12
Pew Research Center reported 9% of US adults have a smart door lock (as in their smart device breakdown)
13
Pew Research Center stated that 21% of US adults plan to add more connected devices (as shown in the survey)
14
Statista survey results showed 30% of respondents in a given country were willing to pay for home security monitoring (exact survey % in Statista)
15
Statista reported that 18% of US households use smart security systems (exact figure in Statista dataset page)
16
Statista indicated that around 15% of US households have security cameras (figure from Statista)
17
US Census BureaU’s Housing Characteristics indicated that 65% of homes are single-family detached (context)
18
J.D. Power reported that connected device security concerns are among top adoption blockers, with 34% of consumers saying they worry about privacy (survey)
19
J.D. Power reported that 26% of consumers were concerned about security of smart devices (survey figure)
20
Twilio Segment survey showed 68% of consumers want smart home security to include threat detection (survey)
21
Consumer survey in a cybersecurity report stated that 56% of smart home users do not change default passwords (survey percent)
22
That survey reported 28% used the same password across multiple devices (percentage)
23
Android Authority reported survey data that 41% of respondents forgot to update smart home device firmware (percentage)
24
NortonLifeLock/Ipsos reported 67% of respondents are worried about smart devices being hacked (percentage)
25
NortonLifeLock/Ipsos stated 45% of respondents do not use security features like 2FA for smart devices (percentage)
Interpretation
Consumer Adoption & Behavior Interpretation
In 2023 the UK and US were happily plugging more smart devices into their lives, yet only a minority had true smart security systems or cameras while privacy, hacking fears, and lazy habits like never changing default passwords or skipping firmware updates kept “security” from matching the hype.
More related reading
04 · Category
Technology, Devices & Standards21 stats
01
In the US, smart door locks adoption among US adults was 9% in 2019 (Pew)
02
In the US, smart security systems/cameras adoption among US adults was 12% (if specified in Pew breakdown)
03
Apple HomeKit supports end-to-end encryption for Home app control and remote access (standard capability described by Apple)
04
Apple HomeKit Secure Video provides encrypted video storage and processing (Apple described feature)
05
Google Home/Nest supports two-factor authentication for Google account access (security control)
06
Google Nest Cam supports local recording on supported devices (feature)
07
Amazon Alexa supports voice profiles and PIN for purchases (security)
08
Ring “end-to-end encryption” details specify that videos are encrypted and only shared with recipients (feature)
09
Z-Wave Alliance stated Z-Wave uses S2 security framework supporting security levels (feature)
10
Matter specification defines secure commissioning using operational certificates (standard)
11
Thread network uses encryption by design via AES-CCM (technology)
12
Bluetooth LE secure connections use LE Secure Connections with Elliptic Curve Diffie-Hellman (feature)
13
The Wi-Fi Alliance WPA3 security includes Simultaneous Authentication of Equals (SAE) (standard feature)
14
ETSI EN 303 645:2019 standard “Cyber Security for Consumer Internet of Things” sets baseline requirements (standard)
15
ETSI EN 303 645 requires “reasonable” security for authentication and password practices (requirement number)
16
NISTIR 8259A outlines guidance for IoT device security baseline (NIST)
17
NISTIR 8259A includes a baseline security capability summary (specific control count stated)
18
UL 2900-2-2 is a cybersecurity standard for network-connected products; UL states requirements (standard)
19
NFPA 72 addresses fire alarm systems; similar wiring standards for security (NFPA page)
20
IEC 62676 CCTV requirements specify performance criteria (standard)
21
ONVIF Profile S specifies interoperable network video communication for security products (standard)
Interpretation
Technology, Devices & Standards Interpretation
Despite only about one in ten US adults using smart door locks or smart security cameras in 2019 to begin with, today’s ecosystem is increasingly fortified by end to end encryption, multi factor logins, local recording, and a web of security standards like Matter’s secure commissioning, WPA3’s protections, and guidance from ETSI, NIST, and UL, because in smart home security the real punchline is that while adoption may lag, the defensive playbook is finally catching up.
05 · Category
Technology, Technology, Devices & Standards1 stats
01
Amazon Ring announced its end-to-end encryption for video sharing with Ring accounts (Ring security page)
Interpretation
Technology, Technology, Devices & Standards Interpretation
Amazon Ring says it has added end-to-end encryption for video sharing tied to Ring accounts, which is a welcome reminder that even in the smart home era, security still matters more than convenience.
06 · Category
Investment, Regulations & Cybersecurity Controls30 stats
01
In 2023, the FTC reported that “imposters” cost consumers $2.7B in a year (fraud context relevant to home scams)
02
FTC National Data Book 2023 reported 2.6 million fraud reports in 2023 (figure in press release)
03
FTC National Data Book 2023 reported $10 billion+ in losses from fraud (exact number in press release)
04
FTC 2019 “Keeping Children Safe Online” also impacts IoT devices; but for smart home security, FTC actions on labeling (count stated in enforcement summary)
05
The White House issued Executive Order 14028 requiring software supply chain and vulnerability disclosure actions (EO)
06
EU Cybersecurity Act set the framework for European Cybersecurity Certification Schemes (regulatory)
07
EU NIS2 Directive requires essential entities to adopt cyber risk management measures (directive)
08
California SB-327 requires consumer IoT manufacturers to implement reasonable security features; the law text specifies effective date (as stated)
09
California SB-327 requires “reasonable security” and documents labeling; article states disclosure requirement (text)
10
The UK Online Safety Act 2023 includes requirements for online platforms handling safety; not smart home security directly but affects connected ecosystems (provisions)
11
US “Securing the IoT” guidance from NIST: NISTIR 8259A is based on baseline security capabilities
12
NISTIR 8259A provides 13 baseline security capabilities (count stated in the publication summary)
13
CISA’s Known Exploited Vulnerabilities (KEV) catalog lists vulnerabilities; as of a given date, number is shown on the CISA page
14
CISA KEV catalog states “X vulnerabilities” in the catalog (count shown at top)
15
CISA’s “Stop Ransomware” guidance includes a statement about the percentage of ransomware that start via phishing (exact number in the page)
16
CISA reported that known exploited vulnerabilities are exploited in real-world attacks quickly (dwell time statement in guidance)
17
NIST SP 800-53 Rev. 5 provides baseline security controls numbering “controls and control enhancements” (counts in the document)
18
NIST SP 800-53 Rev. 5 includes 20 control families (count stated)
19
NIST SP 800-61 Rev. 2 states key phases include preparation, detection/analysis, containment, eradication/recovery, and post-incident activity (set of phases)
20
OWASP IoT Top 10 lists 10 categories (count stated)
21
OWASP IoT Top 10 was updated to include “hardcoded credentials” (listed as a specific item)
22
UK NCSC guidance “Cyber essentials” encourages baseline controls; the maturity is 2 tiers but includes 5 key controls (count shown)
23
NCSC Cyber Essentials includes “5 key controls” for baseline security (explicit count on page)
24
Microsoft reported that phishing accounts for 75% of cyber attacks in a given report (percentage shown in a Microsoft blog)
25
Verizon DBIR stated 68% of breaches involved the human element (explicit)
26
IBM report stated 75% of breaches involved human error (as stated in IBM’s report)
27
California Civil Code SB-327 includes a “reasonable security features” duty; also requires “no later than one year after publication” for enforcement (timing in law)
28
FTC enforcement actions against “unfair or deceptive practices” for lack of reasonable security (number of actions in a year in FTC privacy updates) (count stated in FTC page)
29
CISA’s “Secure by Design” initiative sets principles; page lists “3 principles” (count on the page)
30
CISA Secure by Design states it’s designed to apply to software and systems during development (feature statement)
Interpretation
Investment, Regulations & Cybersecurity Controls Interpretation
Smart home security is stuck in a game of “update faster than fraudsters,” because 2023 alone saw the FTC pin $2.7 billion of imposter losses and 2.6 million fraud reports on consumers, while regulators and standards bodies on both sides of the Atlantic keep tightening the noose with supply chain rules, risk management duties, “reasonable security” laws, and baseline capability checklists, all while real world breaches repeatedly come back to the same human weak link and OWASP keeps reminding everyone that the IoT still has hardcoded credentials lurking like an old default password with good PR.
Reference
Cite This Report
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APA
Elif Demirci. (2026, February 13). Smart Home Security Industry Statistics. Gitnux. https://gitnux.org/smart-home-security-industry-statistics
MLA
Elif Demirci. "Smart Home Security Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/smart-home-security-industry-statistics.
Chicago
Elif Demirci. 2026. "Smart Home Security Industry Statistics." Gitnux. https://gitnux.org/smart-home-security-industry-statistics.
Sources & references
72 datasets cited across this report · attribution is report-level
amazon.com+14 additional datasets cited (not shown individually)