logo
logo
Sign in

Home Security Systems MarketAnalysis, Historic Data and Forecast 2020-2026

avatar
norasondam444

Market Highlights

A typical home security systems consists of interior and exterior motion sensors, wired or wireless security cameras, high decibel alarm systems, and control panel. Globally, the Home Security Systems Market is expected to grow from USD 33.47 billion in 2017 to USD 55 billion by 2023, at a CAGR of 9% during the forecast period. Advancement in remote monitoring and smartphone technology and increasing demand for smart homes are a few factors that are expected to drive the home security system market during the forecast period. However, lack of awareness about the benefits of security systems and high initial installation cost are expected to limit the growth of the home security market during the forecast period.

Also Read: https://popularticles.com/home-security-systems-market-size-share-trends-growth-and-regional-forecast-2023/

Key Players:

The prominent players in the global home security systems market are United Technologies Corporation Nortek Security & Control LLC, Vivint Inc., Control4 Corporation, Honeywell International Inc. Tyco International Ltd., ADT Corporation, Robert Bosch GmbH, Godrej & Boyce Manufacturing Company Limited, Assa Abloy AB, Allegion PLC, Axis Communications AB, SimpliSafe, Inc., and HikVision Digital Technology Co., Ltd. among others.

Also Read: https://chaitalimahajan25.wordpress.com/2021/01/12/household-robot-market-driven-by-the-growing-technological-advancements-witness-a-surge-in-demand-due-to-covid-19/

  

Segmentation

The global home security systems market is segmented into product, type, end-users, and regions.

By product, the market is segmented into cameras, sensors, fire sprinklers & extinguishers, alarms, panic buttons, biometrics, RFID, smart cards, and electronic locks.

Also Read: http://www.marketwatch.com/press-release/wind-turbine-brakes-market-2021-massive-economic-growth-major-applications-competitive-scenario-growth-and-forecast-by-2027-2021-01-12

By type, the market is segmented into intruder alarm solution, integrated security solution, video surveillance solution, medical alert system, intercom system, fire protection system, and access control & management solution.

By end-user the Home Security Systems market is segmented into condominiums, apartments, and independent homes

By region, the Home Security Systems market is segmented into North America, Europe, Asia-Pacific and the rest of the world.

Also Read: http://www.marketwatch.com/press-release/smart-glass-market-is-expected-to-exhibit-a-178-cagr-by-2025-2020-11-12

Regional Analysis

The global market for home security systems is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of home security system market is done for North America, Europe, Asia-Pacific, and the rest of the world.

North America is expected to grow at a faster rate during the forecast period. The US, Canada, and Mexico are expected to dominate the global home security system market in the region during the forecast period. The presence of big players and early adoption of new technologies such as IoT and artificial intelligence (AI) drives the home security systems market in North America region.

Also Read: http://www.marketwatch.com/press-release/global-industrial-adhesives-market-in-depth-market-research-report-2017-to-2023-global-market-vision-share-size-trends-overview-and-analysis-2021-01-08

Asia-Pacific is expected to dominate the global home security systems market during the forecast period. Asia-Pacific is an advanced, economical region with countries such as China, Japan, and South Korea expected to dominate the global home security systems market in Asia-Pacific. Also, many governments have set safety norms for various categories. Huge development in the construction and real estate sector are expected to be prominent growth factors for the home security systems market in the region.

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Information:

Media Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune – 411028

Maharashtra, India

+1 646 845 9312

Email: [email protected]

collect
0
avatar
norasondam444
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more