Global Home Security Systems Market by Home Type, Security, Systems, Services and Region - Forecast 2025
DUBLIN, July 30, 2020 /PRNewswire/ -- The "Home Security Systems Market by Home Type (Independent Homes, Apartments), Security (Professionally Installed & Monitored, Do-It-Yourself), Systems (Access Control Systems), Services (Security System Integration Services), Region - Global Forecast 2025" report has been added to ResearchAndMarkets.com's offering.
The global home security systems market was valued at USD 53.6 billion in 2020 and is expected to reach USD 78.9 billion by 2025, at a CAGR of 8% during the forecast period.
The growth of the home security systems market is driven by factors such as growing awareness regarding home security systems, the emergence of the Internet of Things (IoT) and wireless technologies and increasing adoption of IP cameras for video surveillance amid COVID-19 crisis.
Home security system market for condominiums and apartments to grow at higher CAGR during the forecast period.
Owing to the increasing urbanization, the cities have started growing vertically, leading to the growth in the number of residential apartments and complexes. People in cities prefer condominiums and apartments owing to the integrated security and amenities within optimized prices. Therefore, providing a high level of security, while managing a large number of households, becomes necessary for the society builders and management bodies. Thus, with the increasing number of condominiums and apartment projects in cities worldwide, the home security market for condominiums and apartments is expected to grow at a higher CAGR during the forecast period.
Professionally installed and monitored security systems to account for the largest share of the market by 2025.
The large market for professionally installed and monitored security systems is mainly attributed to the growing concern among consumers about consistent security and real-time monitoring, and rising disposable income. Customers can entirely rely on professionally installed and monitored security systems, which are backed up with engineering and maintenance support. Consumers prefer opting for this category of products as the direct involvement of experts in handling and managing such products saves time and reduces efforts. Under a complete security package, professional monitoring companies offer possible discounts and insurance benefits. Moreover, these companies can communicate wth offsite monitoring centers to ask for police, firefighters, and ambulance assistance in emergencies.
Home security system market for products to grow at higher CAGR during the forecast period.
The projected growth of the home security system market for products is mainly attributed to the increasing penetration of these systems in emerging economies and the rising adoption of do-it-yourself (DIY) products. Additionally, the proliferation of smart city projects, the emergence of IoT, and the integration of wireless technology are a few factors that are expected to fuel the implementation of home security products across different households.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in Home Security Systems Market 4.2 Market, by System 4.3 Market, by Systems and Country 4.4 US Held Largest Share of Market in 2019
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Emergence of the Internet of Things (IoT) and Wireless Technologies 5.2.1.2 Growing Awareness Regarding Home Security Systems 5.2.1.3 Increasing Adoption of IP Cameras for Video Surveillance Amid 5.2.2 Restraints 5.2.2.1 High Installation, Maintenance, and Operational Costs 5.2.3 Opportunities 5.2.3.1 Implementation of Artificial Intelligence (AI) and Deep Learning in Home Security Systems 5.2.3.2 Worldwide Proliferation of Smart Cities Initiative 5.2.4 Challenges 5.2.4.1 System Complexity 5.2.4.2 Privacy of Highly Confidential Information 5.2.4.3 Disruption in the Supply Chain Due to the COVID-19 Pandemic
6 Industry Trends 6.1 Value Chain Analysis 6.2 Emerging Trends 6.2.1 Increasing Adoption of Cloud Technologies for Smart Surveillance
7 Home Security Systems Market, by Systems 7.1 Introduction 7.2 Systems 7.3 Fire Protection System Market 7.4 Video Surveillance Systems 7.5 Access Control Systems 7.6 Entrance Control Systems 7.7 Intruder Alarm
8 Home Security Systems Market, by Services 8.1 Introduction 8.2 Security System Integration Services 8.3 Remote Monitoring Services 8.4 Fire Security Services 8.5 Engineering Services 8.6 Installation and Design 8.7 Maintenance Services 8.8 Managed Services 8.9 Others 8.10 Video Surveillance Services 8.11 Installation and Maintenance 8.12 Video Surveillance as Services 8.13 Access Control Services 8.14 Installation & Integration 8.15 Maintenance Service 8.16 Access Control-as-a-Service
9 Home Security Systems Market, by Security 9.1 Introduction 9.2 Professionally Installed and Monitored Systems 9.3 Self-Installed and Professionally Monitored Systems 9.4 Do-It-Yourself (DIY)
10 Home Security Systems Market, by Home Type 10.1 Introduction 10.2 Independent Houses 10.3 Condominium/Apartments
11 Geographic Analysis 11.1 Introduction 11.2 Americas 11.3 Europe 11.4 APAC 11.5 RoW
12 Competitive Landscape 12.1 Overview 12.2 Market Ranking Analysis 12.2.1 Product Launches 12.2.2 Agreements, Partnerships and Collaboration 12.2.3 Acquisitions 12.3 Competitive Leadership Mapping 12.3.1 Visionary Leaders 12.3.2 Innovators 12.3.3 Dynamic Differentiators 12.3.4 Emerging Players 12.4 Business Strategy Excellence Analysis (25 Companies) 12.5 Strength of Product Portfolio Analysis (25 Companies)
13 Company Profiles 13.1 Key Players 13.1.1 ADT 13.1.2 Honeywell International 13.1.3 Johnson Controls 13.1.4 Hangzhau Higvision Digital Technology 13.1.5 Assa Abloy 13.1.6 Secom 13.1.7 Robert Bosch 13.1.8 Allegion 13.1.9 Control4 Corp. 13.1.10 ABB 13.2 Right to Win 13.3 Other Players 13.3.1 Comcast 13.3.2 Alarm.Com 13.3.3 Nortek Security & Solution 13.3.4 Vivint 13.3.5 Simplisafe 13.3.6 Armorax 13.3.7 Canary 13.3.8 Scout 13.3.9 Legrand 13.3.10 Schneider Electric
For more information about this report visit https://www.researchandmarkets.com/r/xzyygk
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