Wireless Systems Gain Popularity as Future-Proof Solutions against Hardwired Counterparts
Convenience advantages of wireless home security solutions are pervasively capturing consumer visibility. These novel solutions are posing as an alternative to conventional security systems that require a technician to open up the wall and other system peripherals for maintenance checks. The easy install and uninstall attribute of wireless home security solutions are generating value-grab opportunities for companies. Such advantages are contributing to the growth of the home security solutions market, which is anticipated to expand at a CAGR of 24.2% during the forecast period.
High prevalence of renters is another winning imperative for the adoption of wireless security solutions. Wireless alarm systems possess minimum chances of damage of alterations. Such attributes are increasing attractiveness of the home security solutions market. Flexibility and scalability in adding additional cameras and motion detectors in wireless systems are proving beneficial in various applications. Thus, wireless systems are being highly publicized as future-proof solutions, as compared to other hardwired counterparts.
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Smarter Versions of Security Elements Drive Home Security Solutions Market
Security innovations for smart homes is another highly talked-about concept in the home security solutions market. Smart locks and video doorbells are becoming increasingly mainstream in the global market landscape. An alarming rate of thefts and vulnerable safety of individuals has compelled end users to invest in home security solutions. Since home security is one of the top priorities that individuals desire to have in their homes, companies in the market are capitalizing on this widespread trend. As such, there is a growing demand for solutions that offer real-time updates and notifications, especially when users are away from home.
Moreover, remote monitoring of door locks and security cameras has become the need of the hour in the market for home security solutions. Companies are extending innovative services wherein technicians are capable of changing traditional security elements such as deadbolt locks and doorbells into ‘smarter’ versions of themselves. This is evident since the services component segment is estimated for exponential growth in the market.
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Companies Unlock Potential of IoT in Smart Home Environment
Another aspect that is bringing about a change in the market for home security solutions is the build-up of IoT in smart home environment. IoT is acquiring popularity for its promising potential to address several societal challenges. However, the insufficiency of well-established practices from governments for the enforcement of IoT poses as a barrier for growth of the home security solutions market. Hence, companies are introducing systems that offer superior security methods and attributes such as daily monitoring to incorporate IoT in the smart home environment.
Companies in the home security solutions market are increasing R&D to unlock the potential of IoT in devices to be able to connect and transfer data through the Internet. Moreover, market trends such as increasing adoption of IoT devices in the coming years are creating incremental opportunities for manufacturers. As such, the market for home security solutions is fragmented with regional and local players accounting for ~90% of the market share.
Interconnectivity of Devices and Robotics Help in Effective Assessment of Security Breach
The room-by-room guide to home automation is one of the key focus points when companies are aiming to target consumers in high-income groups. The growing trend of luxury homes is one of the key drivers for the home security solutions market. Smart home hubs, smart thermostats, and smoke detectors, among others are only the basis of smart home transformations. In order to cater to the needs of middle- and low-income groups, manufacturers are developing affordable and easy-to-install solutions to help users get hands-on with smart technology.
Inter-device communication and robotics are revolutionizing the home security solutions market. The advantages of door and window sensors are increasingly benefitting end users, as the systems immediately notify the users if the door is open or ajar. Companies in the market for home security solutions are increasing R&D to help establish a seamless network of interconnected devices to alert the alarm company in case of a security breach.
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Analysts’ Viewpoint
Wireless driveway alarms and window alarms are gaining recognition in the home security solutions market. Window alarms are ideal for first-floor windows in the light of potential thefts that could hamper the safety of individuals. Proliferation of mobile apps is another key trend that is providing real-time notifications to users to meet the needs of remote monitoring.
Additionally, IoT technologies are making homes smarter in order to improve security, efficiency, and comfort of homes. However, lack of critical security features and trust between devices pose as a restraint for market players. Hence, companies should increase research in the development of IoT devices with high confidentiality and integrity to meet end user requirements.
Home Security Solutions Market: Overview
Home Security Solutions Market: Definition
Home Security Solutions Market Segmentation
Home Security Solutions Market: Company Profiles
Home Security Solutions Market – Segmentation
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1. Preface
1.1. Market Scope
1.2. Market Segmentation
1.3. Research Highlights
2. Assumptions and Research Methodology
2.1. Market Taxonomy - Segment Definitions
2.2. Research Methodology
2.3. Key Assumptions for Data Modelling
3. Executive Summary: Global Home Security Solutions Market
4. Market Overview
4.1. Introduction
4.2. Global Market – Macroeconomic Factors Overview
4.2.1. World GDP Indicator – For Top Economies
4.2.2. Global ICT Spending (US$ Mn), 2013, 2019, 2023 and 2027
4.3. Technology Roadmap
4.4. Market Factor Analysis
4.4.1. Market Dynamics (Growth Influencers)
4.4.1.1. Drivers
4.4.1.2. Restraints
4.4.1.3. Opportunities
4.4.1.4. Impact Analysis of Drivers and Restraints
4.5. Global Home Security Solutions Market Analysis and Forecast, 2016-2027
4.5.1. Market Revenue Analysis (US$ Mn)
4.5.1.1. Historic Growth Trends, 2016-2018
4.5.1.2. Forecast Trends, 2019-2027
4.6. Market Opportunity Assessment – by Region (North America/ Europe/ Asia Pacific/ Middle East & Africa/ Latin America)
4.6.1. By Component
4.6.2. By Region
4.7. Competitive Scenario
4.7.1. List of Mergers & Acquisitions, Expansions
4.8. Market Outlook
5. Global Home Security Solutions Market Analysis and Forecast, by Component
5.1. Overview
5.2. Key Segment Analysis
5.3. Home Security Solutions Market Size (US$ Mn) Forecast, by Component, 2017-2027
5.3.1. Hardware
5.3.1.1. Video Surveillance
5.3.1.1.1. Analog
5.3.1.1.2. IP
5.3.1.2. Access Control and Authentication
5.3.1.2.1. Biometrics
5.3.1.2.2. Card based
5.3.1.2.3. RFID
5.3.1.3. Alarms
5.3.1.4. Electronic Locks
5.3.1.5. Other Systems (Sensors and detectors)
5.3.2. Software
5.3.3. Services
5.3.3.1. Installation
5.3.3.2. Technical Support
5.3.3.3. Consulting
5.3.3.4. Cloud based
6. Global Home Security Solutions Market Analysis and Forecast, by Region
6.1. Key Findings
6.2. Home Security Solutions Market Size (US$ Mn) Forecast, by Region, 2017-2027
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Middle East & Africa
6.2.5. Latin America
7. North America Home Security Solutions Market Analysis and Forecast
7.1. Key Findings
7.2. Home Security Solutions Market Size (US$ Mn) Forecast, by Component, 2017-2027
7.2.1. Hardware
7.2.1.1. Video Surveillance
7.2.1.1.1. Analog
7.2.1.1.2. IP
7.2.1.2. Access Control and Authentication
7.2.1.2.1. Biometrics
7.2.1.2.2. Card based
7.2.1.2.3. RFID
7.2.1.3. Alarms
7.2.1.4. Electronic Locks
7.2.1.5. Other Systems (Sensors and detectors)
7.2.2. Software
7.2.3. Services
7.2.3.1. Installation
7.2.3.2. Technical Support
7.2.3.3. Consulting
7.2.3.4. Cloud based
7.3. Home Security Solutions Market Size (US$ Mn) Forecast, by Country and Sub-region, 2017-2027
7.3.1. U.S.
7.3.2. Rest of North America
8. Europe Home Security Solutions Market Analysis and Forecast
8.1. Key Findings
8.2. Home Security Solutions Market Size (US$ Mn) Forecast, by Component, 2017-2027
8.2.1. Hardware
8.2.1.1. Video Surveillance
8.2.1.1.1. Analog
8.2.1.1.2. IP
8.2.1.2. Access Control and Authentication
8.2.1.2.1. Biometrics
8.2.1.2.2. Card based
8.2.1.2.3. RFID
8.2.1.3. Alarms
8.2.1.4. Electronic Locks
8.2.1.5. Other Systems (Sensors and detectors)
8.2.2. Software
8.2.3. Services
8.2.3.1. Installation
8.2.3.2. Technical Support
8.2.3.3. Consulting
8.2.3.4. Cloud based
8.3. Home Security Solutions Market Size (US$ Mn) Forecast, by Region and Sub-region, 2017-2027
8.3.1. EU7
8.3.2. CIS
8.3.3. Rest of Europe
9. Asia Pacific Home Security Solutions Market Analysis and Forecast
9.1. Key Findings
9.2. Home Security Solutions Market Size (US$ Mn) Forecast, by Component, 2017-2027
9.2.1. Hardware
9.2.1.1. Video Surveillance
9.2.1.1.1. Analog
9.2.1.1.2. IP
9.2.1.2. Access Control and Authentication
9.2.1.2.1. Biometrics
9.2.1.2.2. Card based
9.2.1.2.3. RFID
9.2.1.3. Alarms
9.2.1.4. Electronic Locks
9.2.1.5. Other Systems (Sensors and detectors)
9.2.2. Software
9.2.3. Services
9.2.3.1. Installation
9.2.3.2. Technical Support
9.2.3.3. Consulting
9.2.3.4. Cloud based
9.3. Home Security Solutions Market Size (US$ Mn) Forecast, by Country and Sub-region, 2017-2027
9.3.1. China
9.3.2. Japan
9.3.3. South Asia
9.3.4. Australasia
9.3.5. Rest of APAC
10. Middle East & Africa (MEA) Home Security Solutions Market Analysis and Forecast
10.1. Key Findings
10.2. Home Security Solutions Market Size (US$ Mn) Forecast, by Component, 2017-2027
10.2.1. Hardware
10.2.1.1. Video Surveillance
10.2.1.1.1. Analog
10.2.1.1.2. IP
10.2.1.2. Access Control and Authentication
10.2.1.2.1. Biometrics
10.2.1.2.2. Card based
10.2.1.2.3. RFID
10.2.1.3. Alarms
10.2.1.4. Electronic Locks
10.2.1.5. Other Systems (Sensors and detectors)
10.2.2. Software
10.2.3. Services
10.2.3.1. Installation
10.2.3.2. Technical Support
10.2.3.3. Consulting
10.2.3.4. Cloud based
10.3. Home Security Solutions Market Size (US$ Mn) Forecast, by Country and Sub-region, 2017-2027
10.3.1. GCC Countries
10.3.2. South Africa
10.3.3. Rest of MEA
11. Latin America Home Security Solutions Market Analysis and Forecast
11.1. Key Findings
11.2. Home Security Solutions Market Size (US$ Mn) Forecast, by Component, 2017-2027
11.2.1. Hardware
11.2.1.1. Video Surveillance
11.2.1.1.1. Analog
11.2.1.1.2. IP
11.2.1.2. Access Control and Authentication
11.2.1.2.1. Biometrics
11.2.1.2.2. Card based
11.2.1.2.3. RFID
11.2.1.3. Alarms
11.2.1.4. Electronic Locks
11.2.1.5. Other Systems (Sensors and detectors)
11.2.2. Software
11.2.3. Services
11.2.3.1. Installation
11.2.3.2. Technical Support
11.2.3.3. Consulting
11.2.3.4. Cloud based
11.3. Home Security Solutions Market Size (US$ Mn) Forecast, by Country and Sub-region, 2017-2027
11.3.1. Brazil
11.3.2. Rest of Latin America
12. Competition Landscape
12.1. Market Competition Matrix, by Leading Players
12.2. Market Revenue Share Analysis (%), by Leading Players (2018)
13. Company Profiles (Details – Business Overview, Geographical Presence, Key Competitors, Revenue and Strategy)
13.1. ADT Corporation
13.1.1. Business Overview
13.1.2. Geographical Presence
13.1.3. Key Competitors
13.1.4. Revenue
13.1.5. Strategy
13.2. Assa Abloy AB
13.2.1. Business Overview
13.2.2. Geographical Presence
13.2.3. Key Competitors
13.2.4. Revenue
13.2.5. Strategy
13.3. Axis Communications AB
13.3.1. Business Overview
13.3.2. Geographical Presence
13.3.3. Key Competitors
13.3.4. Revenue
13.3.5. Strategy
13.4. Frontpoint Security Solutions
13.4.1. Business Overview
13.4.2. Geographical Presence
13.4.3. Key Competitors
13.4.4. Revenue
13.4.5. Strategy
13.5. HikVision Digital Technology Co., Ltd
13.5.1. Business Overview
13.5.2. Geographical Presence
13.5.3. Key Competitors
13.5.4. Revenue
13.5.5. Strategy
13.6. Honeywell International, Inc.
13.6.1. Business Overview
13.6.2. Geographical Presence
13.6.3. Key Competitors
13.6.4. Revenue
13.6.5. Strategy
13.7. Protect America, Inc.
13.7.1. Business Overview
13.7.2. Geographical Presence
13.7.3. Key Competitors
13.7.4. Revenue
13.7.5. Strategy
13.8. SimpliSafe, Inc.
13.8.1. Business Overview
13.8.2. Geographical Presence
13.8.3. Key Competitors
13.8.4. Revenue
13.8.5. Strategy
13.9. Tyco International Ltd.
13.9.1. Business Overview
13.9.2. Geographical Presence
13.9.3. Key Competitors
13.9.4. Revenue
13.9.5. Strategy
13.10. Vivint Inc.
13.10.1. Business Overview
13.10.2. Geographical Presence
13.10.3. Key Competitors
13.10.4. Revenue
13.10.5. Strategy
14. Key Takeaways
List of Tables
Table 1: Global Home Security Solution Market Size (US$ Mn) and Forecast, by Component, 2017-2027
Table 2: Global Home Security Solution Market Size (US$ Mn) and Forecast, by Component, by Hardware, 2017-2027
Table 3: Global Home Security Solution Market Size (US$ Mn) and Forecast, by Component, by Hardware, by Video Surveillance, 2017-2027
Table 4: Global Home Security Solution Market Size (US$ Mn) and Forecast, by Component, by Hardware, by Access Control and Authentication, 2017-2027
Table 5: Global Home Security Solution Market Size (US$ Mn) and Forecast, by Service Type, 2017-2027
Table 6: Global Home Security Solution Market Size (US$ Mn) and Forecast, by Region, 2019 - 2027
Table 7: North America Home Security Solutions Market Size (US$ Mn) and Forecast, by Component, 2017-2027
Table 8: North America Home Security Solutions Market Size (US$ Mn) and Forecast, by Component, by Hardware, 2017-2027
Table 9: North America Home Security Solutions Market Revenue, by Component, by Hardware, by Video Surveillance, 2017-2027
Table 10: North America Home Security Solutions Market Size (US$ Mn) and Forecast, by Component, by Hardware, by Access Control and Authentication, 2017-2027
Table 11: North America Home Security Solutions Market Size (US$ Mn) and Forecast, by Services, 2017-2027
Table 12: North America Home Security Solutions Market Size (US$ Mn) and Forecast, by Country, 2017-2027
Table 13: Europe Home Security Solutions Market Size (US$ Mn) and Forecast, by Component, 2017-2027
Table 14: Europe Home Security Solutions Market Size (US$ Mn) and Forecast, by Component, by Hardware, 2017-2027
Table 15: Europe Home Security Solutions Market Revenue, by Component, by Hardware, by Video Surveillance, 2017-2027
Table 16: Europe Home Security Solutions Market Size (US$ Mn) and Forecast, by Component, by Hardware, by Access Control and Authentication, 2017-2027
Table 17: Europe Home Security Solutions Market Size (US$ Mn) and Forecast, by Services, 2017-2027
Table 18: Europe Home Security Solutions Market Size (US$ Mn) and Forecast, by Region, 2017-2027
Table 19: Asia Pacific Home Security Solutions Market Size (US$ Mn) and Forecast, by Component, 2017-2027
Table 20: Asia Pacific Home Security Solutions Market Size (US$ Mn) and Forecast, by Component, by Hardware, 2017-2027
Table 21: Asia Pacific Home Security Solutions Market Revenue, by Component, by Hardware, by Video Surveillance, 2017-2027
Table 22: Asia Pacific Home Security Solutions Market Size (US$ Mn) and Forecast, by Service Type, 2017-2027
Table 23: Asia Pacific Home Security Solutions Market Size (US$ Mn) and Forecast, by Services, 2017-2027
Table 24: Asia Pacific Home Security Solutions Market Size (US$ Mn) and Forecast, by Country, 2017-2027
Table 25: Latin America Home Security Solutions Market Size (US$ Mn) and Forecast, by Component, 2017-2027
Table 26: Latin America Home Security Solutions Market Size (US$ Mn) and Forecast, by Component, by Hardware, 2017-2027
Table 27: Latin America Home Security Solutions Market Revenue, by Component, by Hardware, by Video Surveillance, 2017-2027
Table 28: Latin America Home Security Solutions Market Size (US$ Mn) and Forecast, by Component, by Hardware, by Access Control and Authentication, 2017-2027
Table 29: Latin America Home Security Solutions Market Size (US$ Mn) and Forecast, by Services, 2017-2027
Table 30: Latin America Home Security Solutions Market Size (US$ Mn) and Forecast, by Country, 2017-2027
Table 31: Middle East & Africa Home Security Solutions Market Size (US$ Mn) and Forecast, by Component, 2017-2027
Table 32: Middle East & Africa Home Security Solutions Market Size (US$ Mn) and Forecast, by Component, by Hardware, 2017-2027
Table 33: Middle East & Africa Home Security Solutions Market Revenue, by Component, by Hardware, by Video Surveillance, 2017-2027
Table 34: Middle East & Africa Home Security Solutions Market Size (US$ Mn) and Forecast, by Component, by Hardware, by Access Control and Authentication, 2017-2027
Table 35: Middle East & Africa Home Security Solutions Market Size (US$ Mn) and Forecast, by Services, 2017-2027
Table 36: Middle East & Africa Home Security Solutions Market Size (US$ Mn) and Forecast, by Country, 2017-2027
List of Figures
Figure 1: Global Market Value (US$ Mn)
Figure 2: Dominating Segments, 2019 Share%
Figure 3: Fastest Growing Segments, (CAGR 2019-2027)
Figure 4: GDP (US$ Bn), Top Countries (2014-2019)
Figure 5: Top Economies GDP Landscape, 2018
Figure 6: Major Countries Average GDP Contribution, by Industry, 2018
Figure 7: Global ICT Spending (%), by Region, 2019E
Figure 8: Global ICT Spending (US$ Bn), Regional Contribution, 2019E
Figure 9: Global ICT Spending (US$ Bn), Spending Type Contribution, 2019E
Figure 10: Global ICT Spending (%), by Type, 2019E
Figure 11: Global Home Security Solution Market Size (US$ Mn) Forecast, 2016-2018
Figure 12: Global Home Security Solution Market Size (US$ Mn) Forecast, 2019-2027
Figure 13: Attractiveness Rating - By Component
Figure 14: Opportunity Assessment- By Component
Figure 15: Attractiveness Rating - By Region
Figure 16: Opportunity Assessment- By Region
Figure 17: Global Home Security Solution Market Share Analysis, by Component (2019)
Figure 18: Global Home Security Solution Market Share Analysis, by Component (2027)
Figure 19: Global Home Security Solution Market Share Analysis, by Region (2019)
Figure 20: Global Home Security Solution Market Share Analysis, by Region (2027)
Figure 21: North America Market Value, US$ Mn
Figure 22: North America Home Security Solutions Market Share Analysis, by Component, 2019
Figure 23: North America Home Security Solutions Market Share Analysis, by Component, 2027
Figure 24: North America Home Security Solutions Market Share Analysis, by Component, by Hardware, 2019
Figure 25: North America Home Security Solutions Market Share Analysis, by Component, by Hardware, 2027
Figure 26: North America Home Security Solutions Market Share Analysis, by Services, 2019
Figure 27: North America Home Security Solutions Market Share Analysis, by Services, 2027
Figure 28: North America Home Security Solutions Market Share Analysis, by Country, 2019
Figure 29: North America Home Security Solutions Market Share Analysis, by Country, 2027
Figure 30: Europe Market Value, US$ Mn
Figure 31: Europe Home Security Solutions Market Share Analysis, by Component, 2019
Figure 32: Europe Home Security Solutions Market Share Analysis, by Component, 2027
Figure 33: Europe Home Security Solutions Market Share Analysis, by Component, by Hardware, 2019
Figure 34: Europe Home Security Solutions Market Share Analysis, by Component, by Hardware, 2027
Figure 35: Europe Home Security Solutions Market Share Analysis, by Services, 2019
Figure 36: Europe Home Security Solutions Market Share Analysis, by Services, 2027
Figure 37: Europe Home Security Solutions Market Share Analysis, by Country, 2019
Figure 38: Europe Home Security Solutions Market Share Analysis, by Country, 2027
Figure 39: Asia Pacific Market Value, US$ Mn
Figure 40: Asia Pacific Home Security Solutions Market Share Analysis, by Component, 2019
Figure 41: Asia Pacific Home Security Solutions Market Share Analysis, by Component, 2027
Figure 42: Asia Pacific Home Security Solutions Market Share Analysis, by Component, by Hardware, 2019
Figure 43: Asia Pacific Home Security Solutions Market Share Analysis, by Component, by Hardware, 2027
Figure 44: Asia Pacific Home Security Solutions Market Share Analysis, by Services, 2019
Figure 45: Asia Pacific Home Security Solutions Market Share Analysis, by Services, 2027
Figure 46: Asia Pacific Home Security Solutions Market Share Analysis, by Country, 2019
Figure 47: Asia Pacific Home Security Solutions Market Share Analysis, by Country, 2027
Figure 48: Latin America Market Value, US$ Mn
Figure 49: Latin America Home Security Solutions Market Share Analysis, by Component, 2019
Figure 50: Latin America Home Security Solutions Market Share Analysis, by Component, 2027
Figure 51: Latin America Home Security Solutions Market Share Analysis, by Component, by Hardware, 2019
Figure 52: Latin America Home Security Solutions Market Share Analysis, by Component, by Hardware, 2027
Figure 53: Latin America Home Security Solutions Market Share Analysis, by Services, 2019
Figure 54: Latin America Home Security Solutions Market Share Analysis, by Services, 2027
Figure 55: Latin America Home Security Solutions Market Share Analysis, by Country, 2019
Figure 56: Latin America Home Security Solutions Market Share Analysis, by Country, 2027
Figure 57: Middle East & Africa Home Security Solutions Market Share Analysis, by Component, 2019
Figure 58: Middle East & Africa Home Security Solutions Market Share Analysis, by Component, 2027
Figure 59: Middle East & Africa Home Security Solutions Market Share Analysis, by Component, by Hardware, 2019
Figure 60: Middle East & Africa Home Security Solutions Market Share Analysis, by Component, by Hardware, 2027
Figure 61: Middle East & Africa Home Security Solutions Market Share Analysis, by Services, 2019
Figure 62: Middle East & Africa Home Security Solutions Market Share Analysis, by Services, 2027
Figure 63: Middle East & Africa Home Security Solutions Market Share Analysis, by Country, 2019
Figure 64: Middle East & Africa Home Security Solutions Market Share Analysis, by Country, 2027
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