Global Home Security Systems Market (2021-2026) by System Type, Service Type, Security Type, House Type, Geography, Competitive Analysis and Covid-19 Impact with Ansoff Analysis


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Global home security systems market

Global home security systems market

Global home security systems market

Dublin, 22 Feb. 2022 (GLOBE NEWSWIRE) — The “Global Home Security Systems Market (2021-2026) by System Type, Service Type, Security Type, House Type, Geography, Competitive Analysis and Impact of Covid-19 with Ansoff Analysis” report has been added to from ResearchAndMarkets.com offer.

The Global Home Security Systems Market is estimated to be valued at USD 55.8 Billion in 2021 and is projected to reach USD 82.37 Billion by 2026, growing at a CAGR of 8.10%.

Market dynamics

The global home security system market is boosted owing to the growing awareness related to home security systems. Emerging Internet of Things (IoT) and wireless technologies for home security systems are driving the market growth. Additionally, the increasing adoption of IP cameras for video surveillance purposes is fueling the growth of the market. Apart from this, the high cost of home security systems associated with installation, maintenance and operating cost is hampering the growth.

Furthermore, the deployment of deep learning and artificial intelligence (AI) and growing smart city initiatives globally will create growth opportunities for the market. Additionally, issues related to confidentiality of confidential information and system complexity are the challenges that may affect the growth of the market.

RECENT DEVELOPMENTS

1. Hangzhou Hikvision Digital Technology Co Ltd partners with Gurtam to create a complete telematics solution by integrating its mobile products with Gurtam’s GPS tracking platform – October 19, 2021
2. Allegion plc has acquired certain assets from Astrum Benelux BV which enable users to schedule and deploy employees to the right place at the right time – 29 July 2021

Company Profiles

  • ABB SA

  • ADT, Inc.

  • Alarm.com Incorporated

  • Allegation plc

  • Armorax

  • Assa Abloy AB

  • AT&T, Inc.

  • Axis Communications AB

  • Home

  • Cognitive Systems Society

  • Comcast Company

  • Canary Connect, Inc.

  • Control4

  • Dallmeier electronics

  • Frontpoint Security Solutions, LLC

  • Godrej & Boyce Mfg. Co Ltd

  • Hangzhou Hikvision Digital Technology Co Ltd

  • Honeywell International, Inc.

  • Great

  • Live Watch Security

  • Johnson Controls

  • Nortek control

  • Raytheon Technologies Corporation

  • Robert Bosch GmbH

  • Security Scout, Inc.

  • Schneider Electric, Inc.

  • Secom Co Ltd

  • SimpliSafe, Inc.

  • STANLEY CONVERGENT SECURITY SOLUTIONS, INC.

  • Vivint, Inc.

Countries studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)

  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)

  • Middle East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)

  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc

Report Highlights:

  • A comprehensive analysis of the market, including the parent industry

  • Important market dynamics and trends

  • Market segmentation

  • Historical, current and projected market size based on value and volume

  • Market shares and strategies of the main players

  • Recommendations for companies to strengthen their presence in the market

Market influencers

Drivers

  • Growing awareness related to home security systems

  • Emerging Internet of Things (IoT) and Wireless Technologies

  • Growing adoption of IP cameras for video surveillance

Constraints

Opportunities

Challenges

Market segmentation

The global home security system market is further segmented on the basis of system type, service type, security type, house type and geography.

By system type, the market is categorized into fire protection systems, CCTV systems, access control systems, entry control systems, and intruder alarm systems.

By type of service, the home security system market is categorized into security system integration services, remote monitoring services, fire protection services, video surveillance services, and access control services.

By type of security, the home security system market is categorized into professional installation and monitoring, self-installation and professional monitoring, and do-it-yourself (DIY).

By type of home, the home security system market is categorized into condominiums/apartments and bungalows.

Based on geography, North America is expected to dominate the market.

For more information on this report, visit https://www.researchandmarkets.com/r/v2ntst

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