Global Home Security System Market 2024-2028
The home security system market is forecasted to grow by USD 25.8 bn during 2023-2028, accelerating at a CAGR of 8.1% during the forecast period. The report on the home security system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth of DIY home security systems, growing adoption of smart homes, and home security solutions aiding insurance discounts.
Technavio's home security system market is segmented as below:
By Product
- Video surveillance system
- Alarm system
- Access control system
By Distribution Channel
By Geography
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the evolution of IoT as one of the prime reasons driving the home security system market growth during the next few years. Also, increasing advances in sensor technologies and rising investment in companies providing smart home technology will lead to sizable demand in the market.
The report on the home security system market covers the following areas:
- Home security system market sizing
- Home security system market forecast
- Home security system market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading home security system market vendors that include ABB Ltd., ADT Inc., Alarm.com Holdings Inc., Allied Universal, Amazon.com Inc., August Home Inc., Canary Connect Inc., Cisco Systems Inc., Comcast Corp., EMERSON RADIO CORP., General Electric Co., Honeywell International Inc., Johnson Controls International Plc., Kuna Systems Corp., LG Electronics Inc., Ooma Inc., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Simplisafe Inc., and Vanderbilt International GmbH. Also, the home security system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.