Global Home Security System Market Outlook, Opportunities And Strategies
Learn about the global home security system market through The Business Research Company, which provides information on home security system market size, home security system market drivers and restraints, home security system market players, the COVID-19 impact on the home security system market, and more
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The global home security system market size is expected to grow from $3.92 billion in 2021 to $3.96 billion in 2022 at a compound annual growth rate (CAGR) of 1.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $4.08 billion in 2026 at a CAGR of 0.7%.
The increasing usage of internet of things (IoT) devices is expected to drive innovation in home security system manufacturing, thus driving the market during the forecast period.
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The home security system market consists of sales of home security systems by entities (organizations, sole traders, and partnerships) that provide security from burglars and home intruders. A home security system is a collection of devices that work together to keep the house safe and secure. It contains a control panel, door sensors, window sensors, motion sensors, surveillance cameras which act as wire and wireless configurations for utmost security.
Global Home Security System Market Segments Include:
By System: Fire Protection System, Video Surveillance System, Access Control System, Entrance Control System, Intruder Alarm System
By Component: Hardware, Software, Services
By Security Type: Professionally-Installed And Monitored, Self-Installed And Professionally Monitored, Do-It-Yourself (DIY)
By End User: Condominiums, Apartments, Independent Homes
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the home security system market in 2021.
Implementation of artificial intelligence (AI) and deep learning in home security systems is shaping the home securities system market. Artificial intelligence is used in home automation for human behavioural patterns and to automate home devices. It is used in daily household activities as a security system and acting as technology in improving the home security system market.
TBRC’s home security system market report covers:
Major Market Players: ADT LLC., Honeywell International Inc., Johnson Controls International plc., Hangzhou Hikvision Digital Technology Co. Ltd, Assa Abloy AB, Secom, Robert Bosch GmbH, United Technologies Corporation, Godrej & Boyce Mfg. Co. Ltd, Allegion plc, Control4, Schneider Electric, Nortek Security & Control LLC, Vivint Inc., Armorax, Google Nest, Loop Labs Inc, Canary Connect Inc, Scout Security, Simplisafe, and Securitas AB.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Home Security System Global Market Report 2021: Market Size, Trends, And Global Forecast 2022 – 2026 is one of a series of new reports from The Business Research Company that provides home security system market overviews, analyses and forecasts market size, share, home security system market players, home security system market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s home security system market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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