target audience: TECH SUPPLIER Publication date: Oct 2022 - Document type: Market Forecast - Doc Document number: # CA48450122
Canadian Consumer Smart Home Monitoring and Security Subscriber Forecast, 2022–2026
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Abstract
This IDC study examines the current state of the overall Canadian consumer home monitoring and security services market in an effort to decipher the burgeoning opportunity for smart home monitoring and security services (or simply, internet-connected solutions), which provide new and enhanced functionality and features. It provides forecasts for paid subscriptions (which may include an initial promotional or trial period subscribers) as well as identifies the key drivers and inhibitors behind the forecast.
"In the short term, the overall Canadian consumer home monitoring and security services is not expected to record significant growth, even though there has been expectational market activity and market player effort in the prior years," says Manish Nargas, research manager, IDC's Consumer and Mobile research. "That said, the smart segment will gain the most as traditional (nonsmart) service subscribers will be cannibalized and transitioned to next-gen smart-er alternatives. Canadian communication SPs will be the champions of change."