Home Security Systems Market
PUBLISHED: 2020 ID: SMRC19969
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Home Security Systems Market

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

4.4 (17 reviews)
4.4 (17 reviews)
Published: 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

Table of Contents

1 Executive Summary              
                
2 Preface  
            
 2.1 Abstract              
 2.2 Stake Holders             
 2.3 Research Scope             
 2.4 Research Methodology            
  2.4.1 Data Mining            
  2.4.2 Data Analysis            
  2.4.3 Data Validation            
  2.4.4 Research Approach            
 2.5 Research Sources             
  2.5.1 Primary Research Sources           
  2.5.2 Secondary Research Sources           
  2.5.3 Assumptions            
                
3 Market Trend Analysis             
 3.1 Introduction             
 3.2 Drivers              
 3.3 Restraints             
 3.4 Opportunities             
 3.5 Threats              
 3.6 Product Analysis             
 3.7 Emerging Markets             
 3.8 Impact of Covid-19             
                
4 Porters Five Force Analysis             
 4.1 Bargaining power of suppliers            
 4.2 Bargaining power of buyers            
 4.3 Threat of substitutes            
 4.4 Threat of new entrants            
 4.5 Competitive rivalry             
                
5 Global Home Security Systems Market, By Product           
 5.1 Introduction             
 5.2 Biometrics             
 5.3 Fire Sprinklers             
 5.4 Fire Alarm Devices             
 5.5 Fire Extinguisher             
 5.6 Panic Buttons             
                
6 Global Home Security Systems Market, By Residence Type          
 6.1 Introduction             
 6.2 Apartments             
 6.3 Condominiums             
 6.4 Independent Homes            
                
7 Global Home Security Systems Market, By Security           
 7.1 Introduction             
 7.2 Do-It-Yourself (DIY)             
 7.3 Professionally-Installed and Monitored           
 7.4 Self-Installed and Professionally Monitored          
                
8 Global Home Security Systems Market, By Service           
 8.1 Introduction             
 8.2 Access Control Services            
 8.3 Engineering Services            
 8.4 Fire Protection Services            
 8.5 Installation and Design            
 8.6 Maintenance Services            
 8.7 Managed Services             
 8.8 Remote Monitoring Services            
 8.9 Security System Integration Services           
 8.10 Video Surveillance Services            
                
9 Global Home Security Systems Market, By System           
 9.1 Introduction             
 9.2 Access Control Systems            
  9.2.1 Hardware            
   9.2.1.1 Card Reader           
    9.2.1.1.1 Magnetic Strip Reader         
    9.2.1.1.2 Proximity Card & Reader         
    9.2.1.1.3 Smart Card & Reader         
   9.2.1.2 Controller/Server           
   9.2.1.3 Electronic Locks           
    9.2.1.3.1 Electric Strike Locks          
    9.2.1.3.2 Electromagnetic Locks         
    9.2.1.3.3 Wireless Locks          
   9.2.1.4 Multi-Technology Readers          
  9.2.2 Software             
 9.3 Entrance Control Systems            
 9.4 Fire Protection System            
  9.4.1 Software             
   9.4.1.1 Fire Mapping & Analysis Software         
   9.4.1.2 Fire Modeling & Simulation Software         
  9.4.2 Hardware            
   9.4.2.1 Emergency Lighting           
   9.4.2.2 Radiofrequency Identification (RFID)         
   9.4.2.3 Secure Communication Products        
   9.4.2.4 Sensors and Detectors          
   9.4.2.5 Voice Evacuation And Public Products         
 9.5 Integrated Security Solution            
 9.6 Intercom System             
 9.7 Intruder Alarm Systems            
 9.8 Medical Alert System            
 9.9 Video Surveillance Systems            
  9.9.1 Hardware            
   9.9.1.1 Camera            
    9.9.1.1.1 Analog Camera          
    9.9.1.1.2 IP Camera          
   9.9.1.2 Monitor            
   9.9.1.3 Server            
   9.9.1.4 Storage            
  9.9.2 Software             
   9.9.2.1 Video Analytics Software          
   9.9.2.2 Video Management Software (VMS)         
   9.9.2.3 Neural Networks And Algorithms         
                
10 Global Home Security Systems Market, By Geography          
 10.1 Introduction             
 10.2 North America             
  10.2.1 US             
  10.2.2 Canada             
  10.2.3 Mexico             
 10.3 Europe              
  10.3.1 Germany             
  10.3.2 UK             
  10.3.3 Italy             
  10.3.4 France             
  10.3.5 Spain             
  10.3.6 Rest of Europe            
 10.4 Asia Pacific             
  10.4.1 Japan             
  10.4.2 China             
  10.4.3 India             
  10.4.4 Australia             
  10.4.5 New Zealand            
  10.4.6 South Korea            
  10.4.7 Rest of Asia Pacific            
 10.5 South America             
  10.5.1 Argentina            
  10.5.2 Brazil             
  10.5.3 Chile             
  10.5.4 Rest of South America           
 10.6 Middle East & Africa            
  10.6.1 Saudi Arabia            
  10.6.2 UAE             
  10.6.3 Qatar             
  10.6.4 South Africa            
  10.6.5 Rest of Middle East & Africa           
                
11 Key Developments              
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures         
 11.2 Acquisitions & Mergers            
 11.3 New Product Launch            
 11.4 Expansions             
 11.5 Other Key Strategies            
                
12 Company Profiling              
 12.1 Alarm.com Incorporated            
 12.2 Control4 Corporation            
 12.3 Assa Abloy             
 12.4 Comcast Corporation            
 12.5 Allegion Plc             
 12.6 Godrej and Boyce Mfg. Co. Ltd            
 12.7 Honeywell International Inc            
 12.8 Johnson Controls International plc           
 12.9 Legrand Pvt Ltd             
 12.10 Nortek Security & Control LLC            
 12.11 Robert Bosch GmbH             
 12.12 Schneider Electric             
 12.13 United Technologies Corporation           


List of Tables               
1 Global Home Security Systems Market Outlook, By Region (2018-2027) ($MN)        
2 Global Home Security Systems Market Outlook, By Product (2018-2027) ($MN)        
3 Global Home Security Systems Market Outlook, By Biometrics (2018-2027) ($MN)        
4 Global Home Security Systems Market Outlook, By Fire Sprinklers (2018-2027) ($MN)       
5 Global Home Security Systems Market Outlook, By Fire Alarm Devices (2018-2027) ($MN)       
6 Global Home Security Systems Market Outlook, By Fire Extinguisher (2018-2027) ($MN)       
7 Global Home Security Systems Market Outlook, By Panic Buttons (2018-2027) ($MN)       
8 Global Home Security Systems Market Outlook, By Residence Type (2018-2027) ($MN)       
9 Global Home Security Systems Market Outlook, By Apartments (2018-2027) ($MN)        
10 Global Home Security Systems Market Outlook, By Condominiums (2018-2027) ($MN)       
11 Global Home Security Systems Market Outlook, By Independent Homes (2018-2027) ($MN)       
12 Global Home Security Systems Market Outlook, By Security (2018-2027) ($MN)        
13 Global Home Security Systems Market Outlook, By Do-It-Yourself (DIY) (2018-2027) ($MN)       
14 Global Home Security Systems Market Outlook, By Professionally-Installed and Monitored (2018-2027) ($MN)     
15 Global Home Security Systems Market Outlook, By Self-Installed and Professionally Monitored (2018-2027) ($MN)     
16 Global Home Security Systems Market Outlook, By Service (2018-2027) ($MN)        
17 Global Home Security Systems Market Outlook, By Access Control Services (2018-2027) ($MN)      
18 Global Home Security Systems Market Outlook, By Engineering Services (2018-2027) ($MN)       
19 Global Home Security Systems Market Outlook, By Fire Protection Services (2018-2027) ($MN)      
20 Global Home Security Systems Market Outlook, By Installation and Design (2018-2027) ($MN)       
21 Global Home Security Systems Market Outlook, By Maintenance Services (2018-2027) ($MN)       
22 Global Home Security Systems Market Outlook, By Managed Services (2018-2027) ($MN)       
23 Global Home Security Systems Market Outlook, By Remote Monitoring Services (2018-2027) ($MN)      
24 Global Home Security Systems Market Outlook, By Security System Integration Services (2018-2027) ($MN)     
25 Global Home Security Systems Market Outlook, By Video Surveillance Services (2018-2027) ($MN)      
26 Global Home Security Systems Market Outlook, By System (2018-2027) ($MN)        
27 Global Home Security Systems Market Outlook, By Access Control Systems (2018-2027) ($MN)      
28 Global Home Security Systems Market Outlook, By Hardware (2018-2027) ($MN)        
29 Global Home Security Systems Market Outlook, By Software (2018-2027) ($MN)        
30 Global Home Security Systems Market Outlook, By Entrance Control Systems (2018-2027) ($MN)      
31 Global Home Security Systems Market Outlook, By Fire Protection System (2018-2027) ($MN)       
32 Global Home Security Systems Market Outlook, By Software (2018-2027) ($MN)        
33 Global Home Security Systems Market Outlook, By Hardware (2018-2027) ($MN)        
34 Global Home Security Systems Market Outlook, By Integrated Security Solution (2018-2027) ($MN)      
35 Global Home Security Systems Market Outlook, By Intercom System (2018-2027) ($MN)       
36 Global Home Security Systems Market Outlook, By Intruder Alarm Systems (2018-2027) ($MN)      
37 Global Home Security Systems Market Outlook, By Medical Alert System (2018-2027) ($MN)       
38 Global Home Security Systems Market Outlook, By Video Surveillance Systems (2018-2027) ($MN)      
39 Global Home Security Systems Market Outlook, By Hardware (2018-2027) ($MN)        
40 Global Home Security Systems Market Outlook, By Software (2018-2027) ($MN)        
                
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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