Global Home Security Market, By Product Type (Detection System, Alarm Panels, Communication Devices), Component (Hardware, Software, Services), End-Users/Application (Household, Commercial, Industrial), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global Home Security Market
The Global Home Security Market is expected to reach the value USD 77.98 billion by 2025, from USD 42.13 billion in 2017 growing at a CAGR of 8.0% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Home Security Market
With growing urbanization and increasing disposable income and so are crime and theft cases, leading to an immense emphasis on security concerns over residential and commercial buildings. Home Security System links process through a system of interworking components like doors, windows etc. with the help of sensors and devices securing building and premises by giving feeds and triggering alarm on anything suspicious. These work on the simple concept of securing with sensors that can communicate with a control panel or command center installed at a location somewhere inside the home or in any user device.. With increasing adoption of smart home systems worldwide, the home-based cloud technology market has been witnessing an upsurge in its value that is close to 50% growth every year. Hulu and Spotify deliver multi-screen services, whereas Boxee integrates all sorts of locally stored online content, helping users to share their preferences and content with friends on the social network. Multi-device and cloud-based solutions for personal information management are also provided by players such as Apple and Google.
- Increasing awareness and concerns for security among masses.
- Emergence of smart cities and wireless connected network.
- End users willingness to pay for the subsequent technologies.
- The high cost of installation and maintenance of home security system.
- Lack of skilled workforce.
Segmentation: Global Home Security Market
By Product Type
- Detection System
- Alarm Panels
- Communication Devices
- North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA
Competitive Analysis: Global Home Security Market
The Global Home Security Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Home Security Market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
On September 2018, ADT Inc. (NYSE: ADT), a leading provider of home and business security automation solutions in North America introduced new and advanced risk management services and a technical desk running 24*7 for end user support, enabling process optimization and wider coverage solutions.
In June 2018 Securitas acquired Kratos Public Safety and Security division (KPSS), a leading system integrator in the US.
Key Market Competitors: Global Home Security Market
The key players operating in the Global Home Security System Market are –
- Bosch Security Systems, Inc.
- Honeywell Security Group
- Johnson Controls, Inc.
- Assa Abloy
- UTC Climate Controls & Security
The other players in the market are August Home, Ooma Inc., Deutsche Telekom AG, Mivatek, Panasonic Security Solutions, Hangzhou Hikvision Digital Technology, Secom Security Systems, Godrej & Boyce Group, Control4 Corporation, Legrand SA, Nortek Security and Control, ADT, Securitas AB, SAMSUNG, SIS PROSEGUR Group, Vivint, Inc. and Nestsecure Labs among others.
Research Methodology: Global Home Security Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global home security system market.
- Analyse and forecast home security system market on the basis of By Product, Component and Application Type.
- Trends of key regional and country-level markets for Product, Component and Application Type.
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.