Home Security Solutions Market Estimated to Experience a Hike in Growth By 2030

Rising concerns for high-end security in residential areas among people and increasing criminal cases are expected to drive the home security solutions market share in the coming years. Allied Market Research, titled "Home Security Solutions Market," The home security solutions market was valued at $48.1 billion in 2021, and is estimated to reach $121.4 billion by 2030, growing at a CAGR of 10.56% from 2022 to 2030.

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Home security solutions refer to a system that assists people in protecting their homes from intruders. Installing home security systems looks to be the most effective method of safeguarding your home and family against intruders, robbery, theft, fire, and poison. Home security systems include video surveillance, access control, fire alarms, motion detectors, and other devices.

The global home security solutions market is segmented based on type, solutions, installation, end-use, and region. Based on type, the market has been divided into hardware, software/platform, service, and others. Based on solutions, the analysis has been divided into video surveillance systems, alarm systems, access control systems, and others. Based on installation, the analysis has been divided into professionally installed and do-it-yourself (DIY). Based on end-use, the analysis has been divided into independent homes, condominiums, and apartments. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the leading home security solutions market players are Johnson Control (Tyco Security Products), Nortek Security and Control, Honeywell International Inc, ASSA ABLOY, ADT LLC DBA ADT SECURITY SERVICES, Vivint, Inc., Bosch GmbH, MOBOTIX, Alarm.com Incorporated, and Brinks Home Security (MONI Smart Security).

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The report focuses on the global home security solutions market size and the major types & applications, where home security solutions such as smart home solutions, home video surveillance, and home video surveillance cameras are utilized. It further highlights numerous factors that influence the home security solutions market trends, such as drivers, restraints, opportunities, and the roles of different key players that shape the market. The report focuses on the overall home security solutions market analysis, in terms of market forecast in various countries, presenting data in terms of value. The home security solutions market share is calculated by multiplying the market value by region-specific prices, considering the region-wise differentiated prices, and home security solutions market growth.

Key findings of the study

- By type, the software or platform type sub-segment is predicted to have the maximum market share in the forecast period
- By solution, the access control system sub-segment is anticipated to show the fastest growth during the forecast period.
- By installation, the do-it-yourself (DIY) sub-segment is anticipated to have the fastest growth during the forecast period.
- By end use, the independent homes sub-segment is predicted to be the most dominant sub-segment owing to increased security concerns for residential places, due to rapidly increasing cases of theft in independent homes.
- By region, the LAMEA region is projected to remain the fastest-growing segment during the forecast period.

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