Home Security System Global Market Report 2022: Increasing Usage of IoT Devices to Drive Market

GlobeNewsWire
Friday, September 23, 2022 at 8:18am UTC

Dublin, Sept. 23, 2022 (GLOBE NEWSWIRE) -- The "Home Security System Global Market Report 2022: By System, Component, Security Type, and End User" report has been added to ResearchAndMarkets.com's offering.

The global home security system market is expected to grow from $3.92 billion in 2021 to $3.96 billion in 2022 at a compound annual growth rate (CAGR) of 1.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $4.08 billion in 2026 at a CAGR of 0.7%.

North America was the largest region in the home security system market in 2021. Europe was the second-largest region in the home security system market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Implementation of artificial intelligence (AI) and deep learning in home security systems is shaping the home securities system market. Artificial intelligence is used in home automation for human behavioral patterns and to automate home devices. It is used in daily household activities as a security system and acting as technology in improving the home security system market. For Instance, in 2021, Samsung, a home security-based company has integrated AI-based Bixby voice control which can recognize individuals in the home. The user can control the device by voice through a Samsung TV. It has the technology to display the person who is standing in front of the door and act as a home security system.

The increasing usage of internet of things (IoT) devices is expected to propel the growth of the home security system market over the forecast years. The internet of things (IoT) refers to a system of internet-connected objects that can collect and transfer data through a wireless network without human intervention.

In terms of home safety, IoT security solutions are used to gain a better understanding of who enters and exits a facility in real-time, monitor facility conditions reliably and securely from any location with Wi-Fi connection, important security notifications are transmitted directly to their mobile device, allowing them to act swiftly.

Scope
Markets Covered:
1) By System: Fire Protection System; Video Surveillance System; Access Control System; Entrance Control System; Intruder Alarm System
2) By Component: Hardware; Software; Services
3) By Security Type: Professionally-Installed And Monitored; Self-Installed And Professionally Monitored; Do-It-Yourself (DIY)
4) By End User: Condominiums; Apartments; Independent Homes

Key Topics Covered:

1. Executive Summary

2. Home Security System Market Characteristics

3. Home Security System Market Trends And Strategies

4. Impact Of COVID-19 On Home Security System

5. Home Security System Market Size And Growth

6. Home Security System Market Segmentation

7. Home Security System Market Regional And Country Analysis

8. Asia-Pacific Home Security System Market

9. China Home Security System Market

10. India Home Security System Market

11. Japan Home Security System Market

12. Australia Home Security System Market

13. Indonesia Home Security System Market

14. South Korea Home Security System Market

15. Western Europe Home Security System Market

16. UK Home Security System Market

17. Germany Home Security System Market

18. France Home Security System Market

19. Eastern Europe Home Security System Market

20. Russia Home Security System Market

21. North America Home Security System Market

22. USA Home Security System Market

23. South America Home Security System Market

24. Brazil Home Security System Market

25. Middle East Home Security System Market

26. Africa Home Security System Market

27. Home Security System Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Home Security System Market

29. Home Security System Market Future Outlook and Potential Analysis

30. Appendix

Companies Mentioned

  • ADT LLC.
  • Honeywell International Inc.
  • Johnson Controls International plc
  • Hangzhou Hikvision Digital Technology Co. Ltd.
  • Assa Abloy AB
  • Secom
  • Robert Bosch GmbH
  • United Technologies Corporation
  • Godrej & Boyce Mfg. Co. Ltd.
  • Allegion plc
  • Control4
  • Schneider Electric
  • Nortek Security & Control LLC
  • Vivint Inc.
  • Armorax
  • Google Nest
  • Loop Labs Inc.
  • Canary Connect Inc.
  • Scout Security
  • Simplisafe
  • Securitas AB

For more information about this report visit https://www.researchandmarkets.com/r/5zc2ef

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