The most common type of home security systems and home security solutions include CCTV camera kits, motion detectors, and burglar alarms. These are usually used to keep an eye on a specific area in and around their homes. However, one can also use them to monitor the entire house. Using cameras and sensors to keep an eye on the property can protect from intruders who are after the valuables and other items. Another common type of home security solution and DIY kit include fire sprinklers, panic buttons, and access control systems. These are often used by homeowners to avoid a potentially dangerous situation where they feel threatened and unsafe. Fire sprinklers are used to put out small fires which can start in the kitchen or any other place in the house. Panic buttons are installed in emergency rooms or anywhere one might feel threatened in case of an intruder alarm.
Market Dynamics
The emergence of the Internet of Things (IoT) and wireless technologies is expected to boost the global home security solutions market growth over the forecast period. Internet of Things (IoT)-enabled home security solutions have gained significant popularity among consumers are they are more efficient to use and provide better control & monitoring, cost & energy savings, improved security, and enhanced comfort. Key companies in the market are focused on launching IoT-enabled security solutions, in order to gain a competitive edge in the market. For instance, in October 2020, Smith introduced a new line of Wi-Fi-enabled security cameras with infrared night vision, motion detection, and two-way communication.
Moreover, increasing adoption of IP cameras for video surveillance is expected to accelerate growth of the global home security solutions market in the near future.
Key features of the study:
- This report provides in-depth analysis of the home security solutions market, and provides market size (US$ 81,777.6 Million) and compound annual growth rate (CAGR 18.0%) for the forecast period (2021–2028), considering 2020 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global home security solutions market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Vivint Inc., Axis Communications AB, Assa Abloy AB, HikVision Digital Technology Co., Ltd., Tyco International Ltd., Protect America, Inc., Honeywell International, Inc., SimpliSafe, Inc., ADT Corporation, and Frontpoint Security Solutions.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global home security solutions market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global home security solutions market
Detailed Segmentation:
- Global Smart Home Solution Market, By Component:
- Hardware
- Software
- Services
- Global Smart Home Solution Market, By Hardware:
- Video Surveillance
- Access Control and Authentication
- Alarms
- Electronic Locks
- Other Systems (Sensors and detectors)
- Global Smart Home Solution Market, By Video Surveillance:
- Global Smart Home Solution Market, By Access Control:
- bio metrics
- Card based
- RFID
- Global Smart Home Solution Market, By Services:
- Installation
- Technical Support
- Consulting
- Cloud based
- Global Smart Home Solution Market, By Region:
- North America
- Asia Pacific
- By Country
- China
- India
- Japan
- Australia & New Zealand
- South Korea
- Rest of Asia Pacific
- Europe
- By Country
- Germany
- Italy
- U.K.
- France
- Spain
- Russia
- Rest of Europe
- Latin America
- By Country
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- By Country
- GCC Countries
- South Africa
- Rest of Middle East and Africa
- Company Profiles
- Vivint Inc.*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Axis Communications AB
- Assa Abloy AB
- HikVision Digital Technology Co., Ltd.,
- Tyco International Ltd.
- Protect America, Inc.
- Honeywell International, Inc.
- SimpliSafe, Inc.
- ADT Corporation
- Frontpoint Security Solutions.
