The global home security system industry is expected to

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Dublin, June 08, 2022 (GLOBE NEWSWIRE) — The “home security systems market by type of home (detached houses, apartments), security (professional installation and monitoring, DIY), systems (access control systems), services (Security System Integration Services), Region (2022-2027)” report has been added to from ResearchAndMarkets.com offer.

The global home security systems market size is expected to grow from USD 56.9 billion in 2022 to USD 84.4 billion by 2027, at a CAGR of 8.2% during the forecast period. The growth of home security systems market is driven by factors such as growing awareness of home security systems and emergence of Internet of Things (IoT) and wireless technologies.

Home security systems market for independent homes will account for the largest market share in 2027

Safety is one of the biggest concerns for independent owners. Self-catering accommodation is high in economically developed countries, such as the United States, Canada, and Germany. People who own a single-family home generally have a high family income. Independent dwellings are more frequently integrated in isolated places. So, in the event of a medical emergency or criminal activity, such as a burglary or theft, the help needed may not be available nearby. Given these factors, the adoption of home security systems by independent homeowners is increasing at a significant rate.

Professionally installed and monitored security systems to account for the largest share of the market by 2027.

The large market for professionally installed and monitored security systems is primarily attributed to growing consumer concern for consistent security and real-time monitoring, along with increasing disposable income. Professionally installed and monitored systems are professionally installed and monitored without any homeowner intervention. One of the main advantages of this type of security system is that the user benefits from a set of dedicated consulting and engineering services. The systems are installed appropriately by professional installers. The third-party professionals managing this category of security systems ensure the security and hassle-free operation of the systems without the intervention of the customers.

The home security system market in APAC is expected to grow at a higher CAGR during the forecast period.

Asia-Pacific is a developing region in terms of technology and economy. China, Japan, and South Korea with a higher rate of urbanization and a growing construction sector are driving the overall growth of the home security system market in this region. Technological advancements and economic growth in the region are factors that are expected to increase the demand for security systems. Rapid growth in the construction industry and real estate sector is expected to drive the growth of the residential fire protection systems market in the coming years.

Main topics covered:

1. Introduction

2 Research methodology

3 Executive summary

4 premium previews
4.1 Attractive Opportunities in the Home Security Systems Market
4.2 Home Security System Market, By System
4.3 Market, by systems and countries
4.4 USA Acquired the Largest Home Security System Market Share in 2021

5 Market Overview
5.1 Presentation
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Emergence of Internet of Things (IoT) and wireless technologies
5.2.1.2 Growing Awareness of Home Security Systems
5.2.2 Constraints
5.2.2.1 High installation, maintenance and operating costs
5.2.3 Opportunities
5.2.3.1 Implementation of artificial intelligence (AI) and deep learning in home security systems
5.2.3.2 Global Proliferation of Smart Cities Initiative
5.2.4 Challenges
5.2.4.1 System complexity
5.2.4.2 Confidentiality of highly confidential information
5.3 Value chain analysis
5.4 Emerging trends
5.4.1 Growing Adoption of Cloud Technologies for Smart Surveillance

6 Home Security System Market, By Systems
6.1 Presentation
6.2 Systems
6.3 Fire Protection Systems Market
6.3.1 Development of innovative and effective systems to drive the growth of the Fire Protection Systems Market
6.3.1.1 Hardware
6.3.1.1.1 Fire Alarm Devices Market to Register Highest CAGR
6.3.1.1.2 Fire sprinklers
6.3.1.1.3 Extinguishers
6.3.1.1.4 Secure communication products
6.3.1.1.5 Sensors and detectors
6.3.1.1.6 Radio Frequency Identification (Rfid)
6.3.1.1.7 Fire alarm devices
6.3.1.1.8 Emergency lighting
6.3.1.1.9 Voice evacuation and public products
6.3.1.1.10 Others
6.3.1.2 Software
6.3.1.2.1 Growing Adoption of Fire Modeling and Simulation Software to Fuel Market Growth
6.3.1.2.2 Fire mapping and analysis software
6.3.1.2.3 Fire modeling and simulation software
6.4 CCTV systems
6.4.1 Increase in demand for real-time monitoring and perimeter monitoring
6.4.1.1 Hardware
6.4.1.1.1 Growing Demand for IP Cameras to Drive Market Demand for CCTV Systems
6.4.1.1.2 Camera
6.4.1.1.2.1 IP cameras
6.4.1.1.2.2 Analog cameras
6.4.1.1.3 Monitors
6.4.1.1.4 Server
6.4.1.1.5 Storage
6.4.1.1.6 Others
6.4.1.2 Software
6.4.1.2.1 Video Management Software Market to Show Highest CAGR
6.4.1.2.2 Video analysis software
6.4.1.2.3 Video Management Software (Vms)
6.4.1.2.4 Neural networks and algorithms
6.5 Access control systems
6.5.1 Increase Deployment of Controllers and Servers to Amplify Access Control System Market
6.5.1.1 Hardware
6.5.1.1.1 Growing Demand for Access Control Hardware in Residential Projects
6.5.1.1.2 Controller/Server
6.5.1.1.3 Card readers
6.5.1.1.3.1 Magnetic stripe readers
6.5.1.1.3.2 Cards and proximity readers
6.5.1.1.3.3 Smart cards and readers
6.5.1.1.4 Biometrics
6.5.1.1.5 Electronic locks
6.5.1.1.5.1 Electromagnetic locks
6.5.1.1.5.2 Electric strike locks
6.5.1.1.5.3 Wireless locks
6.5.1.1.6 Multi-technology readers
6.5.1.2 Software
6.5.1.2.1 Growing Deployment of Access Control Software in New Construction Projects to Propel the Market Over the Forecast Period
6.6 Entrance control systems
6.6.1 Increased Adoption of Integrated Entry Control Systems in Apartments and Condominiums
6.7 Intrusion alarm
6.7.1 Increase in crime rate and theft to positively influence the demand for intruder alarms

7 Home Security System Market, By Services
7.1 Presentation
7.2 Security System Integration Services
7.2.1 Increased Adoption of Security System Integration by Access Control Service Providers
7.3 Remote monitoring services
7.3.1 Cost Effective User Interfaces Provided by Remote Monitoring Services
7.4 Fire Safety Services
7.4.1 Growing Need to Maintain Fire Safety Systems to Drive Market Growth
7.4.2 Engineering Services
7.4.2.1 Increase in demand for fire risk management services
7.4.3 Installation and design
7.4.3.1 Growing Demand for Freestanding Home Installation and Design Services
7.4.4 Maintenance Services
7.4.4.1 Growing Demand for Testing and Inspection of Fire Protection Systems
7.4.5 Managed Services
7.4.5.1 Implementation of tested solutions in residential buildings
7.4.6 Others
7.5 Video surveillance services
7.5.1 Video Surveillance Services Market to Show Highest CAGR
7.5.2 Installation and maintenance
7.5.2.1 High cost of repairs lead to increased demand for installation and maintenance services
7.5.3 Video Surveillance as a Service (Vsaas)
7.5.3.1 Increase in demand in security companies
7.6 Access Control Services
7.6.1 Advancement in Cloud Technology to Drive Demand for Access Control Services
7.6.2 Installation and integration
7.6.2.1 Integration allows devices to connect and provide communication access
7.6.3 Maintenance service
7.6.3.1 Increase in adoption of real-time monitoring of access control systems to increase demand for maintenance services
7.6.4 Access Control as a Service
7.6.4.1 Cost Effective Operations Provided by Access Control-As-A-Services

8 Home Security System Market, By Security
8.1 Presentation
8.2 Systems installed and monitored by professionals
8.2.1 Professionally installed and monitored security systems provide users with a set of dedicated consulting and engineering services
8.3 Self-Installed and Professionally Monitored Systems
8.3.1 Increase consumer preference for self-installed home security systems to drive market growth
8.4 Do-it-yourself (do-it-yourself)
8.4.1 Growing demand for DIY Security Systems to fuel market growth over the forecast period

9 Home Security System Market, By Type
9.1 Presentation
9.2 Independent Houses
9.2.1 Independent homeowners are leveraging the profitability of advanced and connected home security systems
9.3 Condominiums/Apartments
9.3.1 Growing Demand for Integrated Security Solutions in Condominiums/Apartments

10 Geographical analysis

11 Competitive landscape
11.1 Overview
11.2 Top Five Companies Revenue Analysis
11.3 Market Share Analysis, 2021
11.4 Business Rating Quadrant
11.4.1 Stars
11.4.2 Emerging Leaders
11.4.3 Ubiquitous companies
11.4.4 Participants
11.5 Competitive Situations and Trends

12 company profiles
12.1 Key Players
12.1.1 Added
12.1.2 Resideo Technologies Inc.
12.1.3 Johnson Controls
12.1.4 Hangzhou Hikvision Digital Technology
12.1.5 Assa Abloy
12.1.6 Secom
12.1.7 Robert Bosch
12.1.8 Claims
12.1.9 SnapOne, LLC
12.1.10 Abb
12.2 Other Players
12.2.1 Comcast
12.2.2 Alarm.Com
12.2.3 Nortek Security and Control
12.2.4 Lively
12.2.5 Simplisafe
12.2.6 Armorax
12.2.7 Canary
12.2.8 Recognition
12.2.9 Legrand
12.2.10 Schneider Electric

13 adjacent and related markets

14 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/20m3v4

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