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Home Security Systems Market

Home Security Systems - Global Market Outlook (2019 -2027)

4.4 (17 reviews)
Published: October 2020 ID: SMRC19969
4.4 (17 reviews)
Published: October 2020 ID: SMRC19969

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Home Security Systems Market is accounted for $47.05 billion in 2019 and is expected to reach $93.74 billion by 2027 growing at a CAGR of 9.0% during the forecast period. Increasing adoption of IP cameras for video surveillance, growing awareness regarding home security systems, and the emergence of the internet of things (IoT) and wireless technologies are some of the major factors propelling the growth of the market. However, high installation, maintenance, and operational costs are hampering the growth of the market.

 

Home Security Systems - Global Market Outlook (2019 -2027)

 

The home security system consists of a combination of software and hardware devices which are designed to detect an intrusion or unauthorised entry when a secured zone is breached. It can be operated even during power outages and also warns about environmental dangers, such as the release of carbon monoxide, fire, flood, etc. Nowadays, the home security systems are microprocessor-based, which perform a multitude of functions and provide an easy to use interface for the user.

Based on the security, the do-it-yourself (DIY) segment is anticipated to grow at a significant rate during the forecast period due to the cost optimization ensured by these systems. Customers from economically developing countries prefer to deploy DIY systems due to their low cost. By geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the growing awareness about the potential security threats to individuals and the expanding construction industry. The security-consciousness of buyers encourages the project developers to pre-install the security solutions in new housing projects. The growing demand for digital and intelligent cameras having CMOS-based image sensors, upgraded image resolution from standard to super-high clarity, the introduction of cameras with built-in face recognition, and video content analysis are some of the key emerging trends in this region.

Some of the key players profiled in the Home Security Systems Market include Alarm.com Incorporated, Control4 Corporation, Assa Abloy, Comcast Corporation, Allegion Plc, Godrej and Boyce Mfg. Co. Ltd, Honeywell International Inc, Johnson Controls International plc, Legrand Pvt Ltd, Nortek Security & Control LLC, Robert Bosch GmbH, Schneider Electric, and United Technologies Corporation.

Products Covered:
• Biometrics
• Fire Sprinklers
• Fire Alarm Devices
• Fire Extinguisher
• Panic Buttons

Residence Types Covered:
• Apartments
• Condominiums
• Independent Homes

Securities Covered:
• Do-It-Yourself (DIY)
• Professionally-Installed and Monitored
• Self-Installed and Professionally Monitored

Services Covered:
• Access Control Services 
• Engineering Services 
• Fire Protection Services 
• Installation and Design 
• Maintenance Services 
• Managed Services 
• Remote Monitoring Services 
• Security System Integration Services 
• Video Surveillance Services 

Systems Covered:
• Access Control Systems
• Entrance Control Systems
• Fire Protection System
• Integrated Security Solution
• Intercom System
• Intruder Alarm Systems
• Medical Alert System
• Video Surveillance Systems

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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