Market Overview:
The global home security solution systems market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing incidences of crime and terror activities, growing demand for smart homes, and rising awareness about home security solutions among consumers. The global home security solution systems market is segmented on the basis of type into hardware, software, and services. The hardware segment is further sub-segmented into cameras, sensors & detectors, access control devices, alarms & notification systems, and others. The software segment is further sub-segmented into video management software (VMS), intrusion detection system (IDS), fire detection system (FDS), remote monitoring software (RMS), and others. The services segment is further sub-segmented into professional services and managed services. On the basis of application, the market is divided into indoor security applications and outdoor security applications. Geographically speaking North America dominates this market followed by Europe due States owing to high adoption rate in these regions coupled with presence of major players in these regions whereas Asia Pacific region has highest potential for growth during forecast period owing to rapid industrialization in countries such as China India etc.
Product Definition:
Home security solution systems are a group of devices and measures used to protect a home from burglary, theft, and other property crimes. The most common type of home security system employs one or more motion detectors placed in different parts of the house to detect movement inside. When activated, these systems typically sound an alarm or notify the homeowner by telephone or text message. Other types of home security solutions include video surveillance, deadbolt locks on doors, window alarms, and dog patrols.
The use of home security solution systems is important because they can deter crime and help to protect residents and their property from criminal activity.
Hardware:
Hardware is the part of solution system which includes door contacts, sensors, motion detectors and other electronic devices. Hardware has two aspects: physical aspect and technical aspect. In terms of physical aspect hardware includes door contacts, motion detectors etc., whereas in technical aspect hardware consists of processors (microcontrollers or main controllers), memory devices etc.
Software:
Software is the set of instructions which helps in carrying out a specific task or series of tasks automatically. In case of home security solution systems, it helps in recording and monitoring activities carried out at homes. It also provides information about any suspicious activity observed at homes through video surveillance devices. The software solutions are available for both standalone and networked operation with centralized management features to enable easy system configuration and control from one central location using internet-based technology (Web-based).
Application Insights:
The indoor segment dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growing trend of living in urban areas instead of rural areas has resulted in an increased number of burglaries, home invasions and thefts at homes across the globe. According to a study conducted by National Crime Prevention Council, U.S., around 5 million households were burglarized between January 2016 and December 2017. This shows that a large number of people are still relying on traditional security systems such as locks, bolts and bars for protection against burglary despite having modern smart devices equipped with advanced technology inside their homes.
The outdoor segment is expected to register significant growth over the forecast period owing to increasing adoption of home security solution systems for protection against break-ins & thefts at residential places along with business offices & public buildings like banks, malls etc., across various regions globally including North America, Europe, Asia Pacific and Middle East & Africa countries etc.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of prominent players such as ADT Corporation; Alarm Grid, Inc.; and SimpliSafe, LLC. These companies are continuously developing advanced home security systems that offer high-quality services at reasonable prices. Moreover, these companies have a strong distribution channel for selling their products in North America due to which they have been able to gain significant market share over the years.
Asia Pacific is expected to witness substantial growth during the forecast period owing to increasing crime rates and break-ins in countries such as India and China among others.
Growth Factors:
- Increasing demand for safety and security from consumers
- Rising crime rates in urban areas
- Proliferation of smart home devices and the Internet of Things (IoT)
- Growing awareness about the benefits of home security systems among consumers
- Entry of new players in the market
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Security Solution Systems Market Research Report
By Type
Hardware, Software, Services
By Application
Indoor, Outdoor
By Companies
Johnson Controls, Nortek Security & Control, Honeywell International, Robert Bosch, ASSA ABLOY, ADT Security, Vivint, MOBOTIX, MONI Smart security, United Technologies Corporation, Canon, HikVision Digital Technology, Frontpoint Security Solutions, SimpliSafe
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Home Security Solution Systems Market Report Segments:
The global Home Security Solution Systems market is segmented on the basis of:
Types
Hardware, Software, Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Indoor, Outdoor
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Johnson Controls
- Nortek Security & Control
- Honeywell International
- Robert Bosch
- ASSA ABLOY
- ADT Security
- Vivint
- MOBOTIX
- MONI Smart security
- United Technologies Corporation
- Canon
- HikVision Digital Technology
- Frontpoint Security Solutions
- SimpliSafe
Highlights of The Home Security Solution Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- Services
- By Application:
- Indoor
- Outdoor
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Home Security Solution Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Home security solution systems are a type of home security system that use sensors to detect activity in and around the home, such as people or vehicles. These systems can send alerts to a monitoring service, or activate alarms if there is an incident. Home security solution systems can also include features like video surveillance and access control.
Some of the key players operating in the home security solution systems market are Johnson Controls, Nortek Security & Control, Honeywell International, Robert Bosch, ASSA ABLOY, ADT Security, Vivint, MOBOTIX, MONI Smart security, United Technologies Corporation, Canon, HikVision Digital Technology, Frontpoint Security Solutions, SimpliSafe.
The home security solution systems market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Home Security Solution Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Home Security Solution Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Home Security Solution Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Home Security Solution Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Home Security Solution Systems Market Size & Forecast, 2018-2028
4.5.1 Home Security Solution Systems Market Size and Y-o-Y Growth
4.5.2 Home Security Solution Systems Market Absolute $ Opportunity
Chapter 5 Global Home Security Solution Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Home Security Solution Systems Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.2.3 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Home Security Solution Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Home Security Solution Systems Market Size Forecast by Applications
6.2.1 Indoor
6.2.2 Outdoor
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Home Security Solution Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Home Security Solution Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Home Security Solution Systems Analysis and Forecast
9.1 Introduction
9.2 North America Home Security Solution Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Home Security Solution Systems Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.6.3 Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Home Security Solution Systems Market Size Forecast by Applications
9.10.1 Indoor
9.10.2 Outdoor
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Home Security Solution Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Home Security Solution Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Home Security Solution Systems Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.6.3 Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Home Security Solution Systems Market Size Forecast by Applications
10.10.1 Indoor
10.10.2 Outdoor
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Home Security Solution Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Home Security Solution Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Home Security Solution Systems Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.6.3 Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Home Security Solution Systems Market Size Forecast by Applications
11.10.1 Indoor
11.10.2 Outdoor
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Home Security Solution Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Home Security Solution Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Home Security Solution Systems Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.6.3 Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Home Security Solution Systems Market Size Forecast by Applications
12.10.1 Indoor
12.10.2 Outdoor
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Home Security Solution Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Home Security Solution Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Home Security Solution Systems Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.6.3 Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Home Security Solution Systems Market Size Forecast by Applications
13.10.1 Indoor
13.10.2 Outdoor
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Home Security Solution Systems Market: Competitive Dashboard
14.2 Global Home Security Solution Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson Controls
14.3.2 Nortek Security & Control
14.3.3 Honeywell International
14.3.4 Robert Bosch
14.3.5 ASSA ABLOY
14.3.6 ADT Security
14.3.7 Vivint
14.3.8 MOBOTIX
14.3.9 MONI Smart security
14.3.10 United Technologies Corporation
14.3.11 Canon
14.3.12 HikVision Digital Technology
14.3.13 Frontpoint Security Solutions
14.3.14 SimpliSafe
