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Home Security Systems Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031
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Moreover, growing demand of home security solutions in emerging economies such as India, China , and others further provide significant opportunity to the market. There is a significant demand of smart home solutions in India due to concern for the security & comfort in homes. Smart homes consist of devices and information technology that connects gadgets and instruments in the house to provide enhanced comfort, convenience, security & entertainment to resident in a sustainable way. According to a survey, conducted by Schneider-India 78% of the customer (with a budget of $70,485 or above) want to go for Smart Homes. Almost every customer is aware of the security features of a smart home & for about 51% of the total, security is the primary motivator for buying a smart home and so of this there are significant possibilities for the market of home security appliances in India in future.
Home security systems is one of the major components of smart homes . With the rising adoption of smart cities and smart home, the market for home security will witness a significant growth globally. In addition, rising per capita income and increasing concern for comfort & luxury in homes have given a push for smart homes adoption that in turn impact the growth of the home security systems market in a positive manner. The IoT is being adopted rapidly across the globe. Millions of connected sensors and smart devices are deployed on a daily basis in offices, homes, cities that results in the reduction of cost, energy consumption, and improvement of the efficiency and customer services. The IoT is one of the biggest breakthroughs in technical industry. Therefore proliferation of IoT connected devices further provide significant opportunity to the market.
Global Home Security Systems Market Segmentation
By Product Type
• Hardware
• Software & Services
By Systems
• Access Control System (ACS)
• Fire Protection Systems
• Video Surveillance Systems
• Intruder Alarm Solution
• Others (Medical Alert Systems)
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Home Security Systems Market Report Segment by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
Company Profiles
• ABB Ltd.
• ADT Inc.
• Assa Abloy AB
• Allegion PLC
• Alarm.com
• COMCAST
• Honeywell International Inc.
• Hangzhou Hikvision Digital Technology Co.,Ltd.
• HID Global Corp.
• Ingersoll-Rand plc
• Nortek Security & Control, LLC
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Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
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Company Name: Orion Market Research
About Orion Market Research
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