The global home security solutions market size was US$ 53.1 billion in 2022. The global home security solutions market size is forecast to reach US$ 131.4 billion by 2031, growing at a compound annual growth rate (CAGR) of 10.56% during the forecast period from 2023 to 2031.
Home security solutions refer to a system that helps homeowners protect their houses from invaders. Installing home security systems looks to be the most effective method of safeguarding your home and family against intruders, robbery, theft, fire, and poisons. Home security systems include video surveillance, access control, fire alarms, motion detectors, and other devices. In apartment complexes, closed-circuit television is commonly utilized to monitor the doors, halls, and elevators.
Factors Influencing Market Growth
Regional Analysis
North America garnered the major market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the rising demand for home security solutions owing to increasing residential construction activities and advancement and renovation activities in residential infrastructure. In addition, continuous sensed problems with crime and anti-social activities like thefts and burglaries in residential areas. Thus, these factors fuel the market growth in the region.
Asia Pacific is likely to witness the highest CAGR during the forecast period. This rise is due to the rising public spending on smart city programs like smart surveillance and monitoring. These initiatives attempt to increase urban safety and security, boost traffic flow, and, among other things, optimize resource allocation. These advancements have a big impact on the Asia Pacific market expansion.
Segmentation Outline
By Solutions
The video surveillance systems segment held the highest share, which saw significant growth owing to improvements in digital video cameras for surveillance that provide better viewing angles and higher resolution. Demand is also fueled by how user-friendly these systems are, which let consumers access their surveillance feeds on PCs, smartphones, and tablets from anywhere in the world. Additionally, the availability of recorded or live broadcasts contributes to this segment's revenue development.
By End-Use
The apartment segment captured the highest revenue share. The apartments segment is expanding as more individuals opt for apartments over single-family homes to reside in. This is because apartment living brings special security challenges, such as shared spaces and increased break-in rates. Home security businesses have started providing apartment dwellers with specialized solutions in response to this need; these solutions often include wireless sensors, motion detectors, and video monitoring that are simple to install without invasive drilling.
Leading Competitors
The leading prominent companies profiled in the global home security solutions market are:
Segmentation Outline
The global home security solutions market segmentation focuses on Type, Solutions, Installation, End-User, and Region.
Segmentation based on Type
Segmentation based on Solutions
Segmentation based on Installation
Segmentation based on End-User
Segmentation based on Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL HOME SECURITY SOLUTIONS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: HOME SECURITY SOLUTIONS MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL HOME SECURITY SOLUTIONS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL HOME SECURITY SOLUTIONS MARKET, BY TYPE
5.1 OVERVIEW
5.2 HARDWARE
5.3 SOFTWARE OR PLATFORM
5.4 SERVICE
6 GLOBAL HOME SECURITY SOLUTIONS MARKET, BY SOLUTIONS
6.1 OVERVIEW
6.2 VIDEO SURVEILLANCE SYSTEM
6.3 ALARM SYSTEM
6.4 ACCESS CONTROL SYSTEM
6.5 OTHERS
7 GLOBAL HOME SECURITY SOLUTIONS MARKET, BY INSTALLATION
7.1 OVERVIEW
7.2 PROFESSIONALLY INSTALLED
7.3 DO-IT-YOURSELF (DIY)
8 GLOBAL HOME SECURITY SOLUTIONS MARKET, BY END-USER
8.1 OVERVIEW
8.2 INDEPENDENT HOMES
8.3 CONDOMINIUM
8.4 APARTMENT
9 GLOBAL HOME SECURITY SOLUTIONS MARKET, BY GEOGRAPHY
9.1 OVERVIEW
9.2 NORTH AMERICA
9.2.1 NORTH AMERICA MARKET SNAPSHOT
9.2.2 U.S.
9.2.3 CANADA
9.2.4 MEXICO
9.3 EUROPE
9.3.1 EUROPE MARKET SNAPSHOT
9.3.2 WESTERN EUROPE
9.3.2.1 THE UK
9.3.2.2 GERMANY
9.3.2.3 FRANCE
9.3.2.4 ITALY
9.3.2.5 SPAIN
9.3.2.6 REST OF WESTERN EUROPE
9.3.3 EASTERN EUROPE
9.3.3.1 POLAND
9.3.3.2 RUSSIA
9.3.3.3 REST OF EASTERN EUROPE
9.4 ASIA PACIFIC
9.4.1 ASIA PACIFIC MARKET SNAPSHOT
9.4.2 CHINA
9.4.3 JAPAN
9.4.4 INDIA
9.4.5 AUSTRALIA & NEW ZEALAND
9.4.6 ASEAN
9.4.7 REST OF ASIA PACIFIC
9.5 MIDDLE EAST & AFRICA
9.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
9.5.2 UAE
9.5.3 SAUDI ARABIA
9.5.4 SOUTH AFRICA
9.5.5 REST OF MEA
9.6 SOUTH AMERICA
9.6.1 SOUTH AMERICA MARKET SNAPSHOT
9.6.2 BRAZIL
9.6.3 ARGENTINA
9.6.4 REST OF SOUTH AMERICA
10 GLOBAL HOME SECURITY SOLUTIONS MARKET COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 COMPANY MARKET RANKING
10.3 KEY DEVELOPMENT STRATEGIES
10.4 COMPETITIVE DASHBOARD
10.5 PRODUCT MAPPING
10.6 TOP PLAYER POSITIONING, 2022
10.7 COMPETITIVE HEATMAP
10.8 TOP WINNING STRATEGIES
11 COMPANY PROFILES
11.1 JOHNSON CONTROLS, INC. (TYCO SECURITY PRODUCTS)
11.1.1 OVERVIEW
11.1.2 FINANCIAL PERFORMANCE
11.1.3 PRODUCT OUTLOOK
11.1.4 KEY DEVELOPMENTS
11.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.2 NORTEK SECURITY & CONTROL LLC
11.2.1 OVERVIEW
11.2.2 FINANCIAL PERFORMANCE
11.2.3 PRODUCT OUTLOOK
11.2.4 KEY DEVELOPMENTS
11.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.3 HONEYWELL INTERNATIONAL INC
11.3.1 OVERVIEW
11.3.2 FINANCIAL PERFORMANCE
11.3.3 PRODUCT OUTLOOK
11.3.4 KEY DEVELOPMENTS
11.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.4 ASSA ABLOY
11.4.1 OVERVIEW
11.4.2 FINANCIAL PERFORMANCE
11.4.3 PRODUCT OUTLOOK
11.4.4 KEY DEVELOPMENTS
11.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.5 UNITED TECHNOLOGIES CORPORATION
11.5.1 OVERVIEW
11.5.2 FINANCIAL PERFORMANCE
11.5.3 PRODUCT OUTLOOK
11.5.4 KEY DEVELOPMENTS
11.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.6 ROBERT BOSCH GMBH
11.6.1 OVERVIEW
11.6.2 FINANCIAL PERFORMANCE
11.6.3 PRODUCT OUTLOOK
11.6.4 KEY DEVELOPMENTS
11.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.7 ALARM.COM
11.7.1 OVERVIEW
11.7.2 FINANCIAL PERFORMANCE
11.7.3 PRODUCT OUTLOOK
11.7.4 KEY DEVELOPMENTS
11.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.8. ALLEGION PLC
11.8.1 OVERVIEW
11.8.2 FINANCIAL PERFORMANCE
11.8.3 PRODUCT OUTLOOK
11.8.4 KEY DEVELOPMENTS
11.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.9 CONTROL4 CORPORATION
11.9.1 OVERVIEW
11.9.2 FINANCIAL PERFORMANCE
11.9.3 PRODUCT OUTLOOK
11.9.4 KEY DEVELOPMENTS
11.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.10 BRINKS HOME
11.10.1 OVERVIEW
11.10.2 FINANCIAL PERFORMANCE
11.10.3 PRODUCT OUTLOOK
11.10.4 KEY DEVELOPMENTS
11.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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