Home Security System Market by Home Type, System Type, Offering, and Geography - Global Forecast to 2023

  • ID: 4616525
  • Report
  • Region: Global
  • 184 Pages
  • Markets and Markets
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The Home Security System Market is Expected to Reach USD 74.75 Billion by 2023 from USD 45.58 Billion in 2018, at a CAGR of 10.40% During the Forecast Period.

FEATURED COMPANIES

  • ABB
  • Armorax
  • Comcast
  • Honeywell
  • Nortek Security & Control
  • Scout
  • MORE

“Home security system market to grow at 10.40% CAGR from 2018 to 2023”

The home security system market is expected to reach USD 74.75 billion by 2023 from USD 45.58 billion in 2018, at a CAGR of 10.40% during the forecast period. The emergence of IoT and wireless technologies, and increasing customer awareness are some of the major factors driving the growth of the home security system market. However, high installation, operational, and maintenance costs inhibit the growth of the home security system market.

“Home security system market for condominiums and apartments to grow at higher CAGR during forecast period”

Owing to the increasing urbanization, the cities have started growing vertically, leading to the growth in the number of residential apartments and complexes. People in cities prefer condominiums and apartments owing to the integrated security and amenities within optimized prices. Therefore, providing a high level of security, while managing a large number of households, becomes necessary for the society builders and management bodies. Therefore, with the increasing number of condominiums and apartment projects in cities worldwide, the home security market for condominiums and apartments is expected to grow at a higher CAGR during the forecast period.

“Professionally installed and monitored security systems to account for largest share of market by 2018”

The large market for professionally installed and monitored security systems is mainly attributed to the growing concern among consumers about consistent security and real-time monitoring, and rising disposable income. Customers can completely rely on professionally installed and monitored security systems, which are backed up with engineering and maintenance support. Consumers prefer opting for this category of products as the direct involvement of experts in handling and managing such products saves time and reduces efforts. Under a complete security package, professional monitoring companies offer possible discounts and insurance benefits. Moreover, these companies can communicate with offsite monitoring centers to ask for police, firefighters, and ambulance assistance in the emergencies.

“Home security system market for products to grow at higher CAGR during forecast period”

The projected growth of the home security system market for products is mainly attributed to the increasing penetration these systems in emerging economies and the rising adoption of do-it-yourself (DIY) products. Additionally, the proliferation of smart city projects, the emergence of IoT, and the integration of wireless technology are a few factors that are expected to fuel the implementation of home security products across different households.

Breakdown of profile of primary participants:

  • By Company Type: Tier 1 = 55%, Tier 2 = 25%, and Tier 3 = 20%
  • By Designation: C-Level = 37%, D-Level = 36%, and Others = 27%
  • By Region: Americas = 38%, Europe = 26%, APAC = 31%, and RoW = 5%

Research Coverage

The report segments the home security system market on the basis of home type—independent homes and condominiums/apartments; system type—professionally installed and monitored, self-installed and professionally monitored, and do-It-yourself (DIY); offering—products (fire protection systems, video surveillance systems, access control systems, entrance control systems, intruder alarms) and services (security system integration services, remote monitoring services, fire protection services, video surveillance services, and access control services). The study also covers geographic forecast of the market size for various segments with regard to 4 main regions—Americas, Europe, APAC, and RoW.

Reasons to Buy the Report

The report would help the leaders/new entrants in this market in the following ways:

  • This report segments the home security system market comprehensively and provides the closest approximations of the overall market size and those of the subsegments across different applications and regions
  • The report gives the detailed analysis of the home security system market with the help of competitive landscape, value chain analysis, including the key companies in the market and their relations in the ecosystem.
  • The report helps stakeholders understand the pulse of the market and provides them the information on key drivers, restraints, challenges, and opportunities pertaining to the home security system market.
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FEATURED COMPANIES

  • ABB
  • Armorax
  • Comcast
  • Honeywell
  • Nortek Security & Control
  • Scout
  • MORE

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Home Security System Market Opportunities
4.2 Home Security Product Market, By Type
4.3 Home Security Product Market in APAC, By Type & Country
4.4 Country-Wise Snapshot of Home Security System Market
4.5 Home Security System Market in APAC, By Country

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
       5.2.1 Drivers
                5.2.1.1 Emergence of IoT and Wireless Technologies
                5.2.1.2 Increasing Customer Awareness
       5.2.2 Restraints
                5.2.2.1 High Installation, Operational, and Maintenance Costs
       5.2.3 Opportunities
                5.2.3.1 Integration of AI and Deep Learning in Home Security Systems
                5.2.3.2 Worldwide Proliferation of “Smart City” Initiatives
       5.2.4 Challenges
                5.2.4.1 Increasing System Complexity
                5.2.4.2 Maintaining Secrecy of Highly Confidential Information
5.3 Value Chain Analysis

6 Home Security System Market, By Home Type

6.1 Introduction
6.2 Independent Homes
6.3 Condominiums/Apartments

7 Home Security System Market, By System Type

7.1 Introduction
7.2 Professionally Installed & Monitored Systems
7.3 Self-Installed & Professionally Monitored
7.4 Do-It-Yourself (DIY) Systems

8 Home Security System Market, By Offering

8.1 Introduction
8.2 Products
       8.2.1 Fire Protection Systems
                8.2.1.1 Hardware
                           8.2.1.1.1 Fire Sprinklers
                           8.2.1.1.2 Fire Extinguishers
                           8.2.1.1.3 Secure Communication Products
                           8.2.1.1.4 Sensors & Detectors
                           8.2.1.1.5 Radio Frequency Identification (RFID)
                           8.2.1.1.6 Fire Alarm Devices
                           8.2.1.1.7 Emergency Lighting
                           8.2.1.1.8 Voice Evacuation & Public Alerts
                           8.2.1.1.9 Others
                8.2.1.2 Software
                           8.2.1.2.1 Fire Mapping & Analysis Software
                           8.2.1.2.2 Fire Modeling & Simulation Software
       8.2.2 Video Surveillance Systems
                8.2.2.1 Hardware
                           8.2.2.1.1 Camera
                           8.2.2.1.2 Monitor
                           8.2.2.1.3 Server
                           8.2.2.1.4 Storage
                           8.2.2.1.5 Others
                8.2.2.2 Software
                           8.2.2.2.1 Video Analytics Software
                           8.2.2.2.2 Video Management System (VMS)
                           8.2.2.2.3 Neural Networks and Algorithms
       8.2.3 Access Control Systems
                8.2.3.1 Hardware
                           8.2.3.1.1 Controllers/Servers
                           8.2.3.1.2 Cards & Readers
                           8.2.3.1.3 Biometric Readers
                           8.2.3.1.4 Electronics Locks
                           8.2.3.1.5 Multi-Technology Readers
                8.2.3.2 Software
       8.2.4 Entrance Control Systems
       8.2.5 Intruder Alarms
8.3 Services
       8.3.1 Security System Integration Services
       8.3.2 Remote Monitoring Services
       8.3.3 Fire Protection Services
                8.3.3.1 Engineering Services
                8.3.3.2 Installation & Design
                8.3.3.3 Maintenance Services
                8.3.3.4 Managed Services
                8.3.3.5 Others
       8.3.4 Video Surveillance Services
                8.3.4.1 Installation & Maintenance
                8.3.4.2 Video Surveillance as A Service
       8.3.5 Access Control Services
                8.3.5.1 Installation & Integration
                8.3.5.2 Maintenance Services
                8.3.5.3 Access Control-As-A-Service

9 Geographic Analysis

9.1 Introduction
9.2 Americas
       9.2.1 US
       9.2.2 Canada
       9.2.3 Mexico
       9.2.4 Brazil
       9.2.5 Rest of Americas
9.3 Europe
       9.3.1 Germany
       9.3.2 France
       9.3.3 UK
       9.3.4 Rest of Europe
9.4 Asia Pacific (APAC)
       9.4.1 China
       9.4.2 Japan
       9.4.3 South Korea
       9.4.4 India
       9.4.5 Rest of APAC
9.5 RoW
       9.5.1 Middle East
       9.5.2 Africa

10 Competitive Landscape

10.1 Overview
10.2 Ranking Analysis
10.3 Competitive Scenario
        10.3.1 Product Launches & Developments
        10.3.2 Partnerships, Agreements, & Collaborations
        10.3.3 Acquisitions
        10.3.4 Expansions

11 Company Profiles

11.1 Key Companies
        11.1.1 ADT
        11.1.2 Honeywell
        11.1.3 Johnson Controls
        11.1.4 Hangzhou Hikvision Digital Technology
        11.1.5 Assa Abloy
        11.1.6 Secom
        11.1.7 Robert Bosch
        11.1.8 United Technologies
        11.1.9 Godrej & Boyce
        11.1.10 Alarm.Com
        11.1.11 Allegion
        11.1.12 Control4
        11.1.13 Schneider Electric
        11.1.14 Legrand
        11.1.15 ABB
        11.1.16 Comcast
        11.1.17 Stanley Convergent Security Solutions
        11.1.18 Nortek Security & Control
        11.1.19 Front Point
        11.1.20 Vivint
11.2 Other Key Companies
        11.2.1 Simplisafe
        11.2.2 Armorax
        11.2.3 Nest Secure
        11.2.4 Notion
        11.2.5 Canary
        11.2.6 Scout
        11.2.7 Cacoon

12 Appendix

List of Tables and Figures

Table 1 Home Security System Market, By Home Type, 2016–2023 (USD Billion)
Table 2 Market for Independent Homes, By Region, 2016–2023 (USD Billion)
Table 3 Market of Independent Homes, By Security Type, 2016–2023 (USD Billion)
Table 4 Market for Condominiums/Apartments, By Region, 2016–2023 (USD Billion)
Table 5 Market of Condominiums/Apartments, By Security Type, 2016–2023 (USD Billion)
Table 6 Market, By System Type, 2016–2023 (USD Billion)
Table 7 Market for Professionally Installed and Monitored Systems, By Home Type, 2016–2023 (USD Billion)
Table 8 Home Security System Market for Self-Installed and Professionally Monitored Systems, By Home Type, 2016–2023 (USD Billion)
Table 9 Market for Do-It-Yourself (DIY) Systems, By Home Type, 2016–2023 (USD Billion)
Table 10 Market, By Offering, 2016–2023 (USD Billion)
Table 11 Home Security Product Market, By Type, 2016–2023 (USD Billion)
Table 12 Home Security Products Market, By Region, 2016–2023 (USD Billion)
Table 13 Home Security Product Market for Fire Protection Systems, By Region, 2016–2023 (USD Million)
Table 14 Home Security Product Market for Fire Protection Systems, By Component, 2016–2023 (USD Billion)
Table 15 Home Security Product Market for Fire Protection Hardware, By Device, 2016–2023 (USD Million)
Table 16 Home Security Product Market for Fire Protection Software, By Type, 2016–2023 (USD Million)
Table 17 Home Security Product Market for Video Surveillance Systems, By Region, 2016–2023 (USD Billion)
Table 18 Home Security Product Market for Video Surveillance System, By Component, 2016–2023 (USD Billion)
Table 19 Home Security Product Market for Video Surveillance Hardware, By Type, 2016–2023 (USD Billion)
Table 20 Home Security Product Market for Video Surveillance Camera, By Type, 2016–2023 (USD Billion)
Table 21 Home Security Product Market for Video Surveillance Software, By Type, 2016–2023 (USD Million)
Table 22 Home Security Product Market for Access Control Systems, By Region, 2016–2023 (USD Million)
Table 23 Home Security Product Market for Access Control Systems, By Component, 2016–2023 (USD Billion)
Table 24 Home Security Product Market for Access Control Hardware, By Type, 2016–2023 (USD Million)
Table 25 Home Security Product Market for Access Control Cards and Readers, By Type, 2016–2023 (USD Million)
Table 26 Home Security Product Market for Access Control Electronic Locks, By Type, 2016–2023 (USD Million)
Table 27 Home Security Product Market for Entrance Control Systems, By Region, 2016–2023 (USD Million)
Table 28 Home Security Product Market for Intruder Alarms, By Region, 2016–2023 (USD Million)
Table 29 Market for Services, By Type, 2016–2023 (USD Billion)
Table 30 Home Security Service Market, By Region, 2016–2023 (USD Billion)
Table 31 Home Security System Market for Security System Integration Services, By Region, 2016–2023 (USD Billion)
Table 32 Market for Remote Monitoring Services, By Region, 2016–2023 (USD Billion)
Table 33 Market for Fire Protection Services, By Region, 2016–2023 (USD Billion)
Table 34 Market for Fire Protection Services, By Type, 2016–2023 (USD Million)
Table 35 Market for Video Surveillance Services, By Region, 2016–2023 (USD Million)
Table 36 Market for Video Surveillance Services, By Type, 2016–2023 (USD Million)
Table 37 Market for Video Surveillance as A Service (Vsaas), By Type, 2016–2023 (USD Million)
Table 38 Market for Access Control Services, By Region, 2016–2023 (USD Million)
Table 39 Market for Access Control Services, By Type, 2016–2023 (USD Million)
Table 40 Market, By Region, 2016–2023 (USD Billion)
Table 41 Market in Americas, By Country, 2016–2023 (USD Million)
Table 42 Home Security System Market in Americas, By Home Type, 2016–2023 (USD Billion)
Table 43 Market in Americas, By Offering, 2016–2023 (USD Billion)
Table 44 Home Security Product Market in Americas, By Type, 2016–2023, (USD Million)
Table 45 Home Security Service Market in Americas, By Type, 2016–2023 (USD Million)
Table 46 Home Security System Market in Europe, By Country, 2016–2023 (USD Billion)
Table 47 Market in Europe, By Home Type, 2016–2023 (USD Billion)
Table 48 Home Security System Market in Europe, By Offering, 2016–2023 (USD Billion)
Table 49 Home Security Product Market in Europe, By Type, 2016–2023 (USD Million)
Table 50 Home Security Service Market in Europe, By Type, 2016–2023 (USD Million)
Table 51 Market in APAC, By Country, 2016–2023 (USD Million)
Table 52 Market in APAC, By Home Type, 2016–2023 (USD Billion)
Table 53 Home Security System Market in APAC, By Offering, 2016–2023 (USD Million)
Table 54 Home Security Product Market in APAC, By Type, 2016–2023 (USD Million)
Table 55 Home Security Service Market in APAC, By Type, 2016–2023 (USD Million)
Table 56 Home Security System Market in RoW, By Region, 2016–2023 (USD Million)
Table 57 Market in RoW, By Home Type, 2016–2023 (USD Million)
Table 58 Market in RoW, By Offering, 2016–2023 (USD Million)
Table 59 Home Security Product Market in RoW, By Type, 2016–2023 (USD Million)
Table 60 Home Security Service Market in RoW, By Type, 2016–2023 (USD Million)
Table 61 Ranking Analysis of Top Players in Market
Table 62 Product Developments and Launches, 2017–2018
Table 63 Partnership, Agreement, and Collaborations, 2016–2018
Table 64 Acquisitions, 2017–2018
Table 65 Expansions, 2016

Figure 1 Home Security System Market Segmentation
Figure 2 Research Flow
Figure 3 Home Security System Market: Research Design
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Home Security System Market for Condominiums and Apartments to Grow at Higher CAGR During Forecast Period
Figure 8 Home Security System Market for DIY Systems to Grow at Highest CAGR During Forecast Period
Figure 9 Market for Products to Grow at Higher CAGR During Forecast Period
Figure 10 Home Security Product Market for Access Control System to Grow at Highest CAGR During 2018–2023
Figure 11 Americas Accounted for Largest Share in Home Security System Market in 2017
Figure 12 Integration of AI and Deep Learning in Home Security Systems to Provide Attractive Growth Opportunities During Forecast Period
Figure 13 Home Security Product Market for Access Control Systems to Grow at Highest CAGR During Forecast Period
Figure 14 Video Surveillance Systems Held Largest Share of Home Security Product Market in APAC in 2017
Figure 15 Home Security System Market in China to Grow at Highest CAGR During Forecast Period
Figure 16 Market in South Korea to Grow at Highest CAGR During Forecast Period
Figure 17 Emergence of IoT and Wireless Technologies to Drive Market Growth
Figure 18 Consumer IoT Connection, 2015–2025 (Billion Units)
Figure 19 Home Security System Value Chain, 2017
Figure 20 Home Security System Market for Condominiums and Apartments to Grow at Higher CAGR During Forecast Period
Figure 21 Market for DIY Systems Type to Grow at Highest CAGR During Forecast Period
Figure 22 Market for Products to Grow at Higher CAGR During Forecast Period
Figure 23 Home Security Product Market for Access Control Systems to Grow at Highest CAGR During Forecast Period
Figure 24 Home Security Product Market for Video Surveillance Systems in APAC to Grow at Highest CAGR During Forecast Period
Figure 25 Video Surveillance Hardware Market for Storage to Grow at Higher CAGR During Forecast Period
Figure 26 Home Security Product Market for Access Control Hardware to Grow at Higher CAGR During Forecast Period
Figure 27 Home Security Product Market for Intruder Alarms in APAC to Grow at Highest CAGR During Forecast Period
Figure 28 Market for Video Surveillance Services to Grow at Highest CAGR During Forecast Period
Figure 29 Market for Remote Monitoring Services in Europe to Grow at Highest CAGR During Forecast Period
Figure 30 Americas to Hold Largest Size of Market for Access Control Services During Forecast Period.
Figure 31 Geographic Snapshot: Countries From APAC Emerging as High-Potential Markets for Home Security Systems (2018–2023)
Figure 32 Home Security System Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 33 Snapshot: Market in America
Figure 34 Market in Canada to Grow at Highest CAGR During Forecast Period
Figure 35 Snapshot: Home Security System Market in Europe
Figure 36 Home Security Product Market for Access Control Systems to Grow at Highest CAGR During Forecast Period
Figure 37 Snapshot: Home Security System Market in APAC
Figure 38 Market in China to Grow at Highest CAGR During Forecast Period
Figure 39 Market in RoW for Services to Grow at Higher CAGR During Forecast Period
Figure 40 Product Launches and Developments as Key Growth Strategies During Last 4 Years (2014–2018)
Figure 41 ADT: Company Snapshot
Figure 42 Honeywell: Company Snapshot
Figure 43 Johnson Controls: Company Snapshot
Figure 44 Hangzhou Hikvision Digital Technology: Company Snapshot
Figure 45 Assa Abloy: Company Snapshot
Figure 46 Secom: Company Snapshot
Figure 47 Robert Bosch: Company Snapshot
Figure 48 United Technologies: Company Snapshot
Figure 49 Godrej & Boyce: Company Snapshot
Figure 50 Alarm.Com: Company Snapshot
Figure 51 Allegion: Company Snapshot
Figure 52 Control4: Company Snapshot
Figure 53 Schneider Electric: Company Snapshot
Figure 54 Legrand: Company Snapshot
Figure 55 ABB: Company Snapshot
Figure 56 Comcast: Company Snapshot

Note: Product cover images may vary from those shown
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  • ADT
  • Honeywell
  • Johnson Controls
  • Hangzhou Hikvision Digital Technology
  • Assa Abloy
  • Secom
  • Robert Bosch
  • United Technologies
  • Godrej & Boyce
  • Alarm.Com
  • Allegion
  • Control4
  • Schneider Electric
  • Legrand
  • ABB
  • Comcast
  • Stanley Convergent Security Solutions
  • Nortek Security & Control
  • Front Point
  • Vivint
  • Simplisafe
  • Armorax
  • Nest Secure
  • Notion
  • Canary
  • Scout
  • Cacoon
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
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