USD 51.9 billion
Report ID: SQSG20O2001 | Region: Global | Published Date: December, 2022 | Pages: 165 | Tables: 118 | Figures: 77
Home Security Systems Market size was valued at USD 51.9 billion in 2021 and is poised to grow from USD 56.36 billion in 2022 to USD 118.43 billion by 2030, growing at a CAGR of 8.6% in the forecast period (2023-2030).
A home security system consists of both hardware as well as software. The ability to monitor and control from any location and on any device requires the usage of the internet. A security system's main objective is to find any unauthorized access into the building in order to provide safety when someone tries to breach the secured area. The home security systems system can be viewed online on a computer or smartphone after it has been installed. Thanks to technological breakthroughs like internet of things technology and artificial intelligence, sensors with these features are now used in security systems to ensure greater safety.
The market for security systems is growing quickly as people's concerns about the protection of their homes and families grow. Consumers are placing more emphasis on safety and security systems in their homes as a result of the number of criminal activity and crimes rising steadily. The introduction of new wired or wireless technologies, such as internet of things technology and high-tech cameras for video surveillance, are further driving this industry.
US Home Security Systems Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 51.9 billion
Video Surveillance System
Video Surveillance System
To get more reports on the above market click here to Buy The Report
The Global Home Security Systems Market is segmented based on home type, component, type of system, security, and region. Based on the home type, it is categorized into Independent Homes, Apartments and Condominiums. Based on the component, it is categorized into Hardware, Software, and Services. Based on Type of System, it is categorized into Video Surveillance System, Alarm System, Access Control System, and Fire Protection System. Based on security, it is categorized into Professionally-Installed & Monitored, Self-Installed & Professionally Monitored, and Do-It-Yourself (DIY). Based on region, it is categorized into North America, Europe, Asia Pacific, The Middle East and Africa, and Latin America.
Home Security Systems Market Analysis by Type of System
On the basis of type of system, the home security systems market is anticipated to be dominated by the segment of video surveillance systems. The fact that the video surveillance system provides security, monitoring, and analysis of suspicious movements of people over a perimeter is one of its main advantages. The hardware components of video surveillance systems, including cameras, monitors, servers, storage units, and other accessories, make up a sizable portion of the systems. The hardware products currently on the market are both economical and cutting-edge in terms of technology. One of the most current and appealing innovations in the video surveillance industry is the use of high-definition (HD) cameras, panoramic cameras, and body-worn or spy cameras.
To get detailed analysis on other segments, Request For Sample Report
Based on the region, the North American and European regions currently dominate the global home security systems market with respect to market share and it is predicted to have the highest share over the forecast period. In comparison to other regions, North America and Europe are leading the way in the adoption of smart home systems. Numerous businesses are developing new products and security systems that include multi-room technologies, network cameras, smart thermostats, and security systems. In North America, there are a lot of new competitors, including Vivint, Inc., who are challenging established businesses like Honeywell International Inc. Apart from this, the world's two fastest-growing economies and burgeoning markets for home security systems products are India and China.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Home Security Systems Market Drivers
Home Security Systems Market Restraints
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The home security systems system market is fragmented and consists of many players, both big and small. All the market players are competing with each other globally in the international home security systems systems market by implementing various types of strategies such as product launches and upgrades, mergers and acquisitions, partnerships, etc.
Home Security Systems Market Top Players Company Profiles
Home Security Systems Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to the analysis, the global home security systems market is currently led by countries in the North American and European region, due to the rising adoption of smart home systems in the region. Along with this, the video surveillance systems segment is projected to lead the home security systems market, due to the various advantages associated with it such as security, monitoring, and analysis of suspicious movements of people over a perimeter among others.
|Market size value in 2021||USD 51.9 billion|
|Market size value in 2030||USD 56.36 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Home Security Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Home Security Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Home Security Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Home Security Systems Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.SPEAK TO AN ANALYST
Get lifetime access to our reportsBasic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOW
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.
Product ID: SQSG20O2001