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If you commit to a three year contract, the price of the Nest service drops to $19 per month.

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Moreover, customers inclination towards smart buildings is fueling the market growth. However, high costs incurred in the deployment of smart smoke sensors might hamper the growth of smart smoke detector market. The market seeks opportunities owing to adoption of IoT and connected technologies by the customers. SegmentationBy type, the market is segmented into network ionization detectors, photoelectric detectors, dual sensor detectors CO and CO2, aspirating smoke detector ASD, and laser smoke detector LSD. By service, the market is segmented into testing and inspection services, installation services, and maintenance and replacement services. By power source, the market is bifurcated into hard wired and battery powered smoke detectors. By connectivity, the market is segmented into Wi Fi, Bluetooth, ZigBee, and others. By end user, the market is segmented into residential, industrial, and commercial. Regional analysisThe global market for smart smoke detector is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of smart smoke detector market is studied for North America, Europe, Asia Pacific, and the rest of the world including the Middle East, Africa, and Latin America. North America dominated the smart smoke detector market owing to increased instances of fire hazards in the US.