The report is titled ‘Home Security Systems Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the home security systems market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The home security systems market is expected to grow at a significant rate in the near future.
The home security systems market is expected to reach US$ 94.9 Bn by 2028 from US$ 50.7 Bn in 2020, at a CAGR of 8.2% during the forecast period of 2020 to 2028.
Home Security Systems Market Definition
Security has been one of the significant concerns in every space all over the world. In the present times, there has been wide usage of internet of things around the world, therefore as technology advanced, the internet of things is integrated with the home security systems.
A security system is, basically, outlined as to identify invasion, unsanctioned or illegal entry into a household or a secured area and turn down such illegitimate accessibility to safeguard property and personnel from any kind of harm and damage.
Security systems majorly find application in residential, industrial, military and commercial properties for security against theft or burglary or any kind of property damage, as well as personal safety against invaders.
Home Security Systems Market Dynamics
The rising illicit and criminal activities around the world is one of the major factors that is driving the demand of home security systems across the world, thereby projected to boost the growth of the global home security systems market in the near future. Also, the increased awareness among the consumers, globally, regarding home security systems is further expected to shoot up the demand of home security systems in the global markets.
In addition to that, the home security systems are advanced with novel and innovative technologies such as wireless technologies and innovative sensors, which further escalates its utility in various applications, thus boosting its demand across the globe. Owing to which, the global home security systems market is projected to grow substantially in the forthcoming years.
However, the huge cost of installation, operational costs and maintenance is likely to hold back the growth in demand of home security systems across the global markets, thus anticipated to constrain the growth of the global home security systems market over the coming years.
Home Security Systems Market Segmentation
The global home security systems market is segmented on the basis of systems, services, security, and regions. On the basis of the systems, the home security systems market is segmented into fire protection systems, video surveillance systems, access control systems, entrance control systems, intruder alarm systems. Based on the services, the market is bifurcated into security system integration services, remote monitoring services, fire protection services, video surveillance services, access control services. Based on security, the market is segmented into professionally-installed and monitored, self-installed and professionally monitored, and Do-It-Yourself (DIY).
By Systems
Fire Protection Systems
Video Surveillance Systems
Access Control Systems
Entrance Control Systems
Intruder Alarm Systems
By Services
Security System Integration Services
Remote Monitoring Services
Fire Protection Services
Video Surveillance Services
Access Control Services
By Security
Professionally-Installed and Monitored
Self-Installed and Professionally Monitored
Do-It-Yourself (DIY)
By Region
North America
Latin America
Africa
Europe
Asia Pacific
Middle East
Home Security Systems Market Key Players
The global home security systems market is dominated by ADT, Honeywell, Johnson Controls, Hangzhou Hikvision Digital Technology, Assa Abloy AB, Secom Co., Ltd., among others.
MMC Overview on Home Security Systems Market Report
The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the home security systems market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of home security systems
Advantages of home security systems
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
1. Global Home Security Systems Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Home Security Systems Market Overview
2.1. Introduction
2.1.1. Market Definition
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Home Security Systems Market Snapshot
2.4. Global Home Security Systems Market Size And Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Home Security Systems Market Dynamics
2.5.1. Drivers
2.5.2. Restraints˙
2.5.3. Opportunity
2.5.4. Trends
2.6. Porter’s Five Forces Model
2.7. SWOT Analysis
3. Home Security Systems Assessment and Analysis
3.1. Home Security Systems Impact Analysis
3.2. Actions to encourage use of Home Security Systems
3.3. Home Security Systems Promotional Strategy Recommendation
3.4. Road Map Analysis
3.5. GAP Analysis
3.6. Potential Analysis
4. Covid-19 Impact on Home Security Systems Market
4.1. Impact Analysis of Covid-19 on the global Home Security Systems market
4.2. Effect On Value Chain
4.3. Business Impact W.R.T Revenue
4.4. Fluctuation In Production
4.5. Volatility In Price
4.6. Effect On The Overall Trade
4.7. Market Impact Analysis In 2020 (Quarter Wise)
5. Global Home Security Systems Market, By Systems
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By Systems
5.1.2. BPS Analysis, By Systems
5.2. Market Revenue (US$Mn) and Forecast, By Systems
5.2.1. Fire Protection Systems
5.2.2. Video Surveillance Systems
5.2.3. Access Control Systems
5.2.4. Entrance Control Systems
5.2.5. Intruder Alarm Systems
5.3. Global Home Security Systems Market Attractiveness Index, By Systems
6. Global Home Security Systems Market, By Services
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Services
6.1.2. BPS Analysis, By Services
6.2. Market Revenue (US$Mn) and Forecast, By Services
6.2.1. Security System Integration Services
6.2.2. Remote Monitoring Services
6.2.3. Fire Protection Services
6.2.4. Video Surveillance Services
6.2.5. Access Control Services
6.3. Global Home Security Systems Market Attractiveness Index, By Services
7. Global Home Security Systems Market, By Security
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Security
7.1.2. BPS Analysis, By Security
7.2. Market Revenue (US$Mn) and Forecast, By Security
7.2.1. Professionally-Installed and Monitored
7.2.2. Self-Installed and Professionally Monitored
7.2.3. Do-It-Yourself (DIY)
7.3. Global Home Security Systems Market Attractiveness Index, By Security
8. Global Home Security Systems Market, By Home Type
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Home Type
8.1.2. BPS Analysis, By Home Type
8.2. Market Revenue (US$Mn) and Forecast, By Home Type
8.2.1. Condominiums/ Apartments
8.3. Global Home Security Systems Market Attractiveness Index, By Home Type
9. Global Home Security Systems Market, By Region
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Region
9.1.2. BPS Analysis, By Region
9.2. Market Revenue (US$Mn) and Forecast, By Region
9.2.1. North America
9.2.2. Latin America
9.2.3. Europe
9.2.4. Asia Pacific
9.2.5. Middle East
9.2.6. Africa
9.3. Global Home Security Systems Market Attractiveness Index, By Region
10. North America Home Security Systems Market Analysis and Forecast, 2020–2028
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Country
10.1.2. BPS Analysis, By Country
10.2. Market Revenue (US$Mn) and Forecast, By Country
10.2.1. U.S. Home Security Systems Market
10.2.2. Canada Home Security Systems Market
10.3. North America Home Security Systems Market, By Systems
10.3.1. Fire Protection Systems
10.3.2. Video Surveillance Systems
10.3.3. Access Control Systems
10.3.4. Entrance Control Systems
10.3.5. Intruder Alarm Systems
10.4. North America Home Security Systems Market Revenue (US$Mn) and Forecast, By Services
10.4.1. Security System Integration Services
10.4.2. Remote Monitoring Services
10.4.3. Fire Protection Services
10.4.4. Video Surveillance Services
10.4.5. Access Control Services
10.5. North America Home Security Systems Market Revenue (US$Mn) and Forecast, By Security
10.5.1. Professionally-Installed and Monitored
10.5.2. Self-Installed and Professionally Monitored
10.5.3. Do-It-Yourself (DIY)
10.6. North America Home Security Systems Market Revenue (US$Mn) and Forecast, By Home Type
10.6.1. Condominiums/ Apartments
10.7. North America Home Security Systems Market Attractiveness Index
10.7.1. By Country
10.7.2. By Systems
10.7.3. By Services
10.7.4. By Security
10.7.5. By Home Type
11. Latin America Home Security Systems Market Analysis and Forecast, 2020–2028
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market (US$Mn) Forecast, By Country
11.2.1. Brazil Home Security Systems Market
11.2.2. Mexico Home Security Systems Market
11.2.3. Rest Of Latin America Home Security Systems Market
11.3. Latin America Home Security Systems Market, By Systems
11.3.1. Fire Protection Systems
11.3.2. Video Surveillance Systems
11.3.3. Access Control Systems
11.3.4. Entrance Control Systems
11.3.5. Intruder Alarm Systems
11.4. Latin America Home Security Systems Market Revenue (US$Mn) and Forecast, By Services
11.4.1. Security System Integration Services
11.4.2. Remote Monitoring Services
11.4.3. Fire Protection Services
11.4.4. Video Surveillance Services
11.4.5. Access Control Services
11.5. Latin America Home Security Systems Market Revenue (US$Mn) and Forecast, By Security
11.5.1. Professionally-Installed and Monitored
11.5.2. Self-Installed and Professionally Monitored
11.5.3. Do-It-Yourself (DIY)
11.6. Latin America Home Security Systems Market Revenue (US$Mn) and Forecast, By Home Type
11.6.1. Condominiums/ Apartments
11.7. Latin America Home Security Systems Market Attractiveness Index
11.7.1. By Country
11.7.2. By Systems
11.7.3. By Services
11.7.4. By Security
11.7.5. By Home Type
12. Europe Home Security Systems Market Analysis and Forecast, 2020–2028
12.1. Introduction
12.1.1. Annual Growth Rate Comparison, By Country
12.1.2. BPS Analysis, By Country
12.2. Market (US$Mn) Forecast, By Country
12.2.1. U.K. Home Security Systems Market
12.2.2. Germany Home Security Systems Market
12.2.3. Italy Home Security Systems Market
12.2.4. France Home Security Systems Market
12.2.5. Spain Home Security Systems Market
12.2.6. Russia Home Security Systems Market
12.2.7. Rest Of Europe Home Security Systems Market
12.3. Europe Home Security Systems Market, By Systems
12.3.1. Fire Protection Systems
12.3.2. Video Surveillance Systems
12.3.3. Access Control Systems
12.3.4. Entrance Control Systems
12.3.5. Intruder Alarm Systems
12.4. Europe Home Security Systems Market Revenue (US$Mn) and Forecast, By Services
12.4.1. Security System Integration Services
12.4.2. Remote Monitoring Services
12.4.3. Fire Protection Services
12.4.4. Video Surveillance Services
12.4.5. Access Control Services
12.5. Europe Home Security Systems Market Revenue (US$Mn) and Forecast, By Security
12.5.1. Professionally-Installed and Monitored
12.5.2. Self-Installed and Professionally Monitored
12.5.3. Do-It-Yourself (DIY)
12.6. Europe Home Security Systems Market Revenue (US$Mn) and Forecast, By Home Type
12.6.1. Condominiums/ Apartments
12.7. Europe Home Security Systems Market Attractiveness Index
12.7.1. By Country
12.7.2. By Systems
12.7.3. By Services
12.7.4. By Security
12.7.5. By Home Type
13. Asia Pacific Home Security Systems Market Analysis and Forecast, 2020–2028
13.1. Introduction
13.1.1. Annual Growth Rate Comparison, By Country
13.1.2. BPS Analysis, By Country
13.2. Market (US$Mn) Forecast, By Country
13.2.1. China Home Security Systems Market
13.2.2. India Home Security Systems Market
13.2.3. Japan Home Security Systems Market
13.2.4. Australia and New Zealand Home Security Systems Market
13.2.5. South Korea Home Security Systems Market
13.2.6. Rest of Asia Pacific Home Security Systems Market
13.3. Asia Pacific Home Security Systems Market, By Systems
13.3.1. Fire Protection Systems
13.3.2. Video Surveillance Systems
13.3.3. Access Control Systems
13.3.4. Entrance Control Systems
13.3.5. Intruder Alarm Systems
13.4. Asia Pacific Home Security Systems Market Revenue (US$Mn) and Forecast, By Services
13.4.1. Security System Integration Services
13.4.2. Remote Monitoring Services
13.4.3. Fire Protection Services
13.4.4. Video Surveillance Services
13.4.5. Access Control Services
13.5. Asia Pacific Home Security Systems Market Revenue (US$Mn) and Forecast, By Security
13.5.1. Professionally-Installed and Monitored
13.5.2. Self-Installed and Professionally Monitored
13.5.3. Do-It-Yourself (DIY)
13.6. Asia Pacific Home Security Systems Market Revenue (US$Mn) and Forecast, By Home Type
13.6.1. Condominiums/ Apartments
13.7. Asia Pacific Home Security Systems Market Attractiveness Index
13.7.1. By Country
13.7.2. By Systems
13.7.3. By Services
13.7.4. By Security
13.7.5. By Home Type
14. Middle East Home Security Systems Market Analysis and Forecast, 2020–2028
14.1. Introduction
14.1.1. Annual Growth Rate Comparison, By Country
14.1.2. BPS Analysis, By Country
14.2. Market (US$Mn) Forecast, By Country
14.2.1. GCC Countries Home Security Systems Market
14.2.2. Israel Home Security Systems Market
14.2.3. Rest Of Middle East Home Security Systems Market
14.3. Middle East Home Security Systems Market, By Systems
14.3.1. Fire Protection Systems
14.3.2. Video Surveillance Systems
14.3.3. Access Control Systems
14.3.4. Entrance Control Systems
14.3.5. Intruder Alarm Systems
14.4. Middle East Home Security Systems Market Revenue (US$Mn) and Forecast, By Services
14.4.1. Security System Integration Services
14.4.2. Remote Monitoring Services
14.4.3. Fire Protection Services
14.4.4. Video Surveillance Services
14.4.5. Access Control Services
14.5. Middle East Home Security Systems Market Revenue (US$Mn) and Forecast, By Security
14.5.1. Professionally-Installed and Monitored
14.5.2. Self-Installed and Professionally Monitored
14.5.3. Do-It-Yourself (DIY)
14.6. Middle East Home Security Systems Market Revenue (US$Mn) and Forecast, By Home Type
14.6.1. Condominiums/ Apartments
14.7. Middle East Home Security Systems Market Attractiveness Index
14.7.1. By Country
14.7.2. By Systems
14.7.3. By Services
14.7.4. By Security
14.7.5. By Home Type
15. Africa Home Security Systems Market Analysis and Forecast, 2020–2028
15.1. Introduction
15.1.1. Annual Growth Rate Comparison, By Country
15.1.2. BPS Analysis, By Country
15.2. Market (US$Mn) Forecast, By Country
15.2.1. South Africa Countries Home Security Systems Market
15.2.2. Egypt Home Security Systems Market
15.2.3. North Africa Home Security Systems Market
15.2.4. Rest of Africa Home Security Systems Market
15.3. Africa Home Security Systems Market, By Systems
15.3.1. Fire Protection Systems
15.3.2. Video Surveillance Systems
15.3.3. Access Control Systems
15.3.4. Entrance Control Systems
15.3.5. Intruder Alarm Systems
15.4. Africa Home Security Systems Market Revenue (US$Mn) and Forecast, By Services
15.4.1. Security System Integration Services
15.4.2. Remote Monitoring Services
15.4.3. Fire Protection Services
15.4.4. Video Surveillance Services
15.4.5. Access Control Services
15.5. Africa Home Security Systems Market Revenue (US$Mn) and Forecast, By Security
15.5.1. Professionally-Installed and Monitored
15.5.2. Self-Installed and Professionally Monitored
15.5.3. Do-It-Yourself (DIY)
15.6. Africa Home Security Systems Market Revenue (US$Mn) and Forecast, By Home Type
15.6.1. Condominiums/ Apartments
15.7. Africa Home Security Systems Market Attractiveness Index
15.7.1. By Country
15.7.2. By Systems
15.7.3. By Services
15.7.4. By Security
15.7.5. By Home Type
16. Competitive Landscape
16.1. Company Profiles
16.1.1. ADT
16.1.1.1. Company Overview
16.1.1.2. Financial Overview
16.1.1.3. Key Developments
16.1.1.4. Strategies
16.1.1.5. Product Analysis
16.1.2. Honeywell
16.1.3. Johnson Controls
16.1.4. Hangzhou Hikvision Digital Technology
16.1.5. Assa Abloy AB
16.1.6. Secom Co. Ltd.
17. Acronyms
Frequently Asked Questions
What is the projected market size & Compound Annual Growth Rate (CAGR) of the market?
The home security systems market is expected to reach US$ 94.9 Bn by 2028 from US$ 50.7 Bn in 2020, at a CAGR of 8.2% during the forecast period of 2020 to 2028
What are the key factors driving the growth of market?
The rising illicit and criminal activities around the world and novel and innovative technologies such as wireless technologies and innovative sensors are the key factors driving the growth of market
What segments are covered in market report?
The global home security systems market is segmented on the basis of systems, services, security, and regions
What are the key participating players in the market?
DT, Honeywell, Johnson Controls, Hangzhou Hikvision Digital Technology, Assa Abloy AB, Secom Co., Ltd., among others are the key participating players in the market
We use cookies for a better user experience. Click here to know more about it.
