Press release
Global Home Security Market Strategic Assessment and Competitive landscaping - key players are Bosch Security and Safety Systems, Honeywell Home Pro, ADT, Johnson Controls, ASSA ABLOY Group, UTC Climate, Controls & Security, August Home Inc
Global Home Security Market
The Global Home Security Market is expected to reach the value USD 77.98 billion by 2025, from USD 42.13 billion in 2017 growing at a CAGR of 8.0% during the forecast period of 2018 to 2025.
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Well known players of Global Home Security Market are
• Bosch Security and Safety Systems,
• Honeywell Home Pro,
• ADT,
• Johnson Controls,
• ASSA ABLOY Group,
• UTC Climate,
• Controls & Security,
• August Home Inc,
• Ingersoll Rand,
• Ooma, Inc.,
• Legrand,
• Deutsche Telekom,
• Mivatek Smart Connect,
• Panasonic Security Solutions,
• Tyco,
• Axis Communications
• Deutsche Telekom UK Limited,
• Vivint Smart Home,
• SECOM Plc,
• Hikvision,
• Dahua Technology USA,
• Dallmeier electronic,
• Cognitive Systems Corp.,
Hikvision USA, Hikvision Korea, Godrej & Boyce Mfg. Co. Ltd., Control4, Legrand (S) Pte Ltd, Legrand, North America, Nortek Security & Control, Securitas Group, Samsung Electronics, Samsung Electronics America, Prosegur, Vivint Smart Home Arena, Frontpoint, SimpliSafe, Protect America, LiveWatch, Allegion, PLC, Allegion US, Alarm.com, Dahua Technology Co. LTD, STANLEY Security and others.
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Market Segmentation
By Product Type
• Detection System
• Alarm Panels
• Communication Devices
By Component
• Hardware
• Software
• Services
By Application
• Household
• Commercial
• Industrial
By Geography
• Asia Pacific (China, South Korea, Japan, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific).
• North America (US, Canada, Mexico).
• Europe (Russia, Turkey, Belgium, Netherlands, Switzerland, Spain, France, Germany, Italy, UK, Rest of Europe.
• South America (Brazil, Argentina, Rest of South America).
• Middle East and Africa (South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, Rest of Middle East and Africa).
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Competitive Analysis
The Global Home Security Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Home Security Market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
On September 2018, ADT Inc. (NYSE: ADT), a leading provider of home and business security automation solutions in North America introduced new and advanced risk management services and a technical desk running 24*7 for end user support, enabling process optimization and wider coverage solutions.
In June 2018 Securitas acquired Kratos Public Safety and Security division (KPSS), a leading system integrator in the US.
Market Drivers and Restraints:
• Increasing awareness and concerns for security among masses.
• Emergence of smart cities and wireless connected network.
• End users willingness to pay for the subsequent technologies.
Market Restraint:
• The high cost of installation and maintenance of home security system.
• Lack of skilled workforce.
Research objectives
• To study and analyze the global Home Security consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2025.
• To understand the structure of Home Security market by identifying its various subsegments.
• Focuses on the key global Home Security players, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
• To project the consumption of Home Security submarkets, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies
• To analyze the Home Security with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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