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The revenue in the 'Security' segment of the smart home market in Australia was forecast to continuously increase between 2023 and 2028 by in total 241.8 million U.S. dollars (+48.08 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 744.74 million U.S. dollars and therefore a new peak in 2028. Notably, the revenue of the 'Security' segment of the smart home market was continuously increasing over the past years.

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Revenue of the smart home segment security in Australia from 2019 to 2028 (in million U.S. dollars)

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Supplementary notes

Data provided by Statista Market Insights are estimates.

The Smart Home market Security includes the sale of devices and services for networked access control and management for buildings and premises. This includes surveillance products (e.g. security cameras and related data storage and transmission services, motion sensors, programmable and remote control door locks) as well as equipment for risk monitoring (connected smoke detectors and humidity sensors).
Remote surveillance and emergency services from specialized security firms which are not related to smart home are not included.

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