North America Home Security Systems Market Size, Share & Industry Trends Analysis Report By Component (Solution and Services), By Home Type (Condominiums/ Apartments and Independent Homes), By Security Type, By Country and Growth Forecast, 2022 - 2028

North America Home Security Systems Market Size, Share & Industry Trends Analysis Report By Component (Solution and Services), By Home Type (Condominiums/ Apartments and Independent Homes), By Security Type, By Country and Growth Forecast, 2022 - 2028

The North America Home Security Systems Market would witness market growth of 7.8% CAGR during the forecast period (2022-2028).

Various IoT-connected devices are included in the security & control system, which are designed to protect property from espionage, sabotage, subversion, accidents, and attack. Door and window sensors, motion sensors, interior and outdoor automation, wired or wireless security cameras, and a control panel, which is the main controller of a home's security system, are all included. The home control and security system have a number of benefits, including the ability to remotely manage homes and enhanced security sensing capabilities.

The industry is growing due to an increase in illegal activities such as theft and unauthorized access to homes. Furthermore, an increasing number of residential buildings are being equipped with sophisticated security systems that have electronic component control capabilities, which propels the market growth.

The regional government are very dedicated to curb out or minimize the cyber security threats in home security systems. The renewal of Canada's National Cyber Security Strategy reflects the country's ongoing and evolving cyber security threat. The new strategic framework, which was released in 2018, is backed by a budget of C$507.7 million over five years and C$108.8 million every year after that. The framework was created in response to an uptick in cyber-attacks against the government and private sector organisations in Canada. Border security, counter-terrorism, cyber resilience, and critical infrastructure protection and resilience are all areas of focus. In addition, the Government of Canada has created a Canadian Center for Cyber Security and a National Cyber-crime Coordination Unit, as well as giving the Chief Information Officer of the Government of Canada new authority.

The US market dominated the North America Services Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $9,927.7 million by 2028. The Canada market is experiencing a CAGR of 12.1% during (2022 - 2028). Additionally, The Mexico market would exhibit CAGR of 11.2% during (2022 - 2028).

Based on Component, the market is segmented into Solution (Video Surveillance System, Fire Protection System, Entrance Control System, Access Control System, and Intruder Alarm System) and Services (Security System Integration Services, Remote Monitoring Services, Fire Protection Services, Video Surveillance Services, and Access Control Services). Based on Home Type, the market is segmented into Condominiums/ Apartments and Independent Homes. Based on Security Type, the market is segmented into Professional-installed & Monitored, Self-installed & Professionally Monitored, and Do-It-Yourself (DIY). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International PLC, Robert Bosch GmbH, ABB Group, Resideo Technologies, Inc., ADT, Inc., Assa Abloy AB, Allegion PLC, Snap One, LLC, Secom Co. Ltd., Hangzhou Hikvision Digital Technology Co., Ltd.

Scope of the Study

Market Segments covered in the Report:

By Component

• Solution
• Video Surveillance System
• Fire Protection System
• Entrance Control System
• Access Control System
• Intruder Alarm System
• Services
• Security System Integration Services
• Remote Monitoring Services
• Fire Protection Services
• Video Surveillance Services
• Access Control Services

• Condominiums/ Apartments
• Independent Homes

• Professional-installed & Monitored
• Self-installed & Professionally Monitored
• Do-It-Yourself (DIY)

• US
• Canada
• Mexico
• Rest of North America

• Johnson Controls International PLC
• Robert Bosch GmbH
• ABB Group
• Resideo Technologies, Inc.
• ADT Inc.
• Assa Abloy AB
• Allegion PLC
• Snap One, LLC
• Secom Co. Ltd.
• Hangzhou Hikvision Digital Technology Co., Ltd.

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