Home Security System Market 2022 – Segments Analysis,
Industry Trends, Manufacturers Analysis, Opportunities and Market Size &
Forecast 2030
Page: 365 | Report Code: ICTM222906 | Research Suite: Report (PDF) & Market Data (Excel)
Chapter 1.Introduction
1.1. Report
Description
1.2. Research
Methodology
1.3. Report
Assumptions & Acronyms used
Chapter
2.Executive Summary
2.1. Key
Findings
2.2. Market
Trends
Chapter
3.COVID-19 Impact on Home Security System Market
3.1. Impact
Analysis
3.2. Impact on
Supply Chain
Chapter
4.Value Chain Analysis
Chapter
5.Countries with Macroeconomic Risk
Chapter
6.Key Market Indicators
Chapter
7.Top Countries offering High Growth Opportunities
Chapter
8.Overview and Analysis Of Home Security System Market
8.1. Home Security System Market By Component:
Opportunity Analysis 2021 & 2030
8.1.1. Hardware
8.1.1.1.
Electronic Locks
8.1.1.2. Security
Cameras
8.1.1.3. Fire
Sprinklers
8.1.1.4.
Authentication Systems
8.1.1.5. Window
Sensors
8.1.1.6. Door
Sensors
8.1.1.7. Motion
Sensors
8.1.1.8. Other
Hardware
8.1.2. Software
8.1.3. Services
8.1.3.1.
Installation
8.1.3.2.
Technical Support
8.1.3.3. Other Services
8.2. Home
Security System Market By System: Opportunity Analysis 2021 & 2030
8.2.1. Fire
Protection System
8.2.2. Video
Surveillance System
8.2.3. Access
Control System
8.2.4. Remote
Monitoring System
8.2.5. Entrance
Control System
8.2.6. Intruder
Alarm System
8.3. Home Security System Market By Security:
Opportunity Analysis 2021 & 2030
8.3.1.
Professional-installed and Monitored
8.3.2.
Self-installed and Professionally Monitored
8.3.3.
Do-It-Yourself (DIY)
8.4. Home Security System Market By End-Use:
Opportunity Analysis 2021 & 2030
8.4.1.
Independent Homes
8.4.2.
Apartments
8.4.3. Condominiums
Chapter 9. Global Market
Analysis by Geographical Region
9.1. North
America Market Value and Forecast 2022-2030
9.2. Europe
Market Value and Forecast 2022-2030
9.3. Asia
Pacific Market Value and Forecast 2022-2030
9.4. Latin
America Market Value and Forecast 2022-2030
9.5. Middle
East & Africa Market Value and Forecast 2022-2030
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The global market for home security systems is estimated at USD 57,037.7 million in the year 2022, is projected to reach a size of USD 108,741.7 million by 2030, growing at a compound annual growth rate (CAGR) of 8.4% over the forecast period 2022-2030. The global home security system market is expected to be driven by the rising adoption of IoT integration in security systems, the support of smart assistants like Google and Alexa to monitor homes 24*7, and the increasing usage of cloud-based home security solutions.
MARKET DRIVERS
The increasing criminal activity around the world is one of the major factors for the rapid adoption of home security systems.
The Internet of Things (IoT) has huge impact on home security solutions in recent times. With the help of IoT integration in home security systems, many companies are developing solutions with increased security qualities for monitoring.
The adoption of home cloud solutions will be
significantly influenced by these technological advancements. Cloud-based home
security systems have less software complexity, making them easier to use for
residential customers. As a result of these user-friendly solutions,
cloud-based security solutions are rapidly gaining traction.
Home security systems are currently compatible with
Google Assistants and Amazon Alexa. Thermostats, smart locks, cameras,
doorbells, wall-mounted touchscreen displays, and smartphone apps, as well as
Google Assistants and Alexa, are all included in the home security systems.
These devices communicate with one another and provide continuous home
security.
SEGMENTATION
ANALYSIS
On the basis of component, the market is segmented into hardware, software, and others. The hardware segment is further divided into electronic locks, security cameras, fire sprinklers, authentication systems, window sensors, door sensors, motion sensors, and other hardware. The services segment is further categorized into installation, technical support, and others. The hardware segment is expected to dominate the market in the forecast period of 2022-2030.
On the basis of system, the market is segmented into
fire protection system, video surveillance system, access control system,
remote monitoring system, entrance control system, and intruder alarm system.
The video surveillance segment is expected to dominate the market during the
forecast period of 2022-2030.
On the basis of security, the market is bifurcated into
professional-installed and monitored, self-installed and professionally
monitored, and do-it-yourself (DIY). Professional-installed and Monitored
segment is expected to acquire the largest share of the market during the
forecast period.
On the basis of end-use, the market is segmented into
independent homes, apartments, and condominiums. The segment of independent is
expected to dominate the market in the forecast period of 2022-2030.
REGIONAL
ANALYSIS
The home security system market is currently led by
North America. Companies with operations in the US, Canada, and Mexico are
increasing their knowledge of access control systems to offer cutting-edge
products and services in this market and gain a competitive edge over rivals
from other countries. North America and Europe are setting the pace for the
adoption of smart home systems, while the rest of the world is trailing behind.
The market size of North America is followed by Europe, Asia Pacific, Latin
America, and the Middle East & Africa.
The Asia Pacific
region is expected to showcase the highest growth rate in
the regional market for home security system during
the forecast period. The primary factors behind the high growth of
the Asia Pacific market are rapid urbanization, rising technological
advancements, adoption of IoT, and growing concern for home security in the
region.
COMPETITIVE ANALYSIS
The global home security system market is consolidated
at the top, with many leading market players based in developed countries and
other players emerging in the developing regions. Due to intense competition in
the market, key market players are increasingly focusing on expanding their geographic
presence into high-growth emerging markets and bolstering their technological
competitiveness in the market by acquiring domestic companies.
Some of the companies profiled in report are ADT Inc.,
Bosch Service Solutions GmbH, Simplisafe Inc., Allegion PLC, Honeywell
International Inc., Axis Communications AB, ASSA ABLOY, Vivint, Inc., Godrej,
ABB, Control4 Corporation, and other players.
SEGMENT
COVERAGE
Home Security
System Market By Component:
·
Hardware
o
Electronic Locks
o
Security Cameras
o
Fire Sprinklers
o
Authentication Systems
o
Window Sensors
o
Door Sensors
o
Motion Sensors
o
Other Hardware
·
Software
·
Services
o
Installation
o
Technical Support
o
Other Services
Home Security
System Market By System
·
Fire Protection System
·
Video Surveillance System
·
Access Control System
·
Remote Monitoring System
·
Entrance Control System
·
Intruder Alarm System
Home Security
System Market By Security
·
Professional-installed and Monitored
·
Self-installed and Professionally Monitored
·
Do-It-Yourself (DIY)
Home Security
System Market By End-Use
·
Independent Homes
·
Apartments
· Condominiums