The global home security system market size was USD 52.80 Billion in 2021 and is expected to register a revenue CAGR of 8.3% during the forecast period, according to latest analysis by Emergen Research. Home security system market revenue growth is primarily driven by factors such as growing awareness regarding home security systems and implementation of Artificial Intelligence (AI) and deep leaning in home security systems. In addition, advent of AI and deep learning and rising pervasiveness of IoT-connected devices are driving revenue growth of the market.
The global Home Security Systems Market report published by Emergen Research assesses the Home Security Systems market with regards to market size, market share, revenue growth, key segments, and regional bifurcation. The global Home Security Systems market is highly fragmented with numerous players operating on a global and regional level. The companies are engaged in mergers and acquisitions, joint ventures, and collaborations along with product advancements and R&D activities to cater to the growing global demand and gain a robust footing in the market.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Home Security Systems market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
ADT, Resideo Technologies Inc., Johnson Controls, Hangzhou Hikvision Digital Technology Co., Ltd, ASSA ABLOY, Secom, LLC., Secom, LLC., Allegion plc., Snap One, LLC., and ABB
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Emergen Research has segmented the global Home Security Systems market on the basis of type, application, end-use, and region:
Segments Covered in this report are:
- Home Type Outlook (Revenue, USD Billion; 2019-2030)
- Independent Homes
- Condominiums/Apartments
- Security Type Outlook (Revenue, USD Billion; 2019-2030)
- Professional-installed and Monitored
- Self-installed and Professionally Monitored
- Do-It-Yourself (DIY)
- System Type Outlook (Revenue, USD Billion; 2019-2030)
- Fire Protection System
- Video Surveillance System
- Access Control System
- Entrance Control System
- Intruder Alarm System
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Home Security Systems Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Home Security Systems Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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