Press release
The Increasing Usage Of IOT Devices Drives The Home Security System Market Growth: A Significant Driver Propelling The Home Security System Market In 2025
Home Security System
What Is the Home Security System Market Size and Projected Growth Rate?
The market size for home security systems has consistently expanded in the past few years. Industry forecasts predict that it will rise from $4.25 billion in 2024 to $4.37 billion in 2025, achieving a compound annual growth rate (CAGR) of 2.7%. The increase can be tied back to factors like improved affordability, the ability for remote monitoring and control, heightened consumer awareness and education, plus insurance discounts provided for security systems.
The market for home security systems is predicted to experience a stable expansion in the coming years. The market value is forecasted to hit $5.17 billion in 2029, growing at a compound annual growth rate (CAGR) of 4.3%. The reason for this growth during the forecast period can be linked to the focus on energy efficiency and sustainability, methods for monitoring children and the seniors, adherence to interoperability standards, and an escalating demand for video monitoring systems. The major trends to watch during this forecast period include technological advancements, integration with smart home systems, enhancements in video analysis and facial recognition, the growing use of wireless technologies, the emergence of smart sensors and detectors, technological great leaps in alarm systems, and the introduction of innovative children and elderly monitoring solutions.
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What Are the Major Segments in the Home Security System Market?
The home security system market covered in this report is segmented -
1) By System: Fire Protection System, Video Surveillance System, Access Control System, Entrance Control System, Intruder Alarm System
2) By Component: Hardware, Software, Services
3) By Security Type: Professionally-Installed And Monitored, Self-Installed And Professionally Monitored, Do-It-Yourself (DIY)
4) By End User: Condominiums, Apartments, Independent Homes
Subsegments:
1) By Fire Protection System: Smoke Detectors, Heat Detectors, Fire Alarms
2) By Video Surveillance System: CCTV Cameras, IP Cameras, Video Recorders
3) By Access Control System: Keypad Entry Systems, Card-Based Access Systems, Biometric Systems
4) By Entrance Control System: Intercom Systems, Gate Control Systems, Turnstiles
5) By Intruder Alarm System: Motion Detectors, Door Or Window Sensors, Sirens And Strobes.
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What Are The Driving Home Security System Market Evolution?
The anticipated surge in the adoption of Internet of Things (IoT) devices will likely stimulate the expansion of the home security system market in the coming years. IoT is a system comprising objects interconnected via the internet that gathers and transmits data over a wireless network without requiring human intervention. With respect to residential protection, IoT security solutions offer improved insights into real-time entries and exits in a property. They facilitate reliable and secure supervision of property conditions from any place with a Wi-Fi connection. Significant security alerts are sent straight to the user's mobile device, enabling prompt response. For example, by 2024, the count of IoT devices has seen significant rise, with roughly 18.8 billion connected devices observed globally. This constitutes an impressive growth of about 13% from the prior year. Industry experts predict this rising tendency to persist, estimating the IoT device count to hit around 30 billion by 2025.
Which Firms Dominate The Home Security System Market Segments?
Major companies operating in the home security system market include ADT LLC, Honeywell International Inc., Johnson Controls International plc., Hangzhou Hikvision Digital Technology Co. Ltd., Assa Abloy AB, Secom Co. Ltd., Robert Bosch GmbH, Godrej & Boyce Mfg. Co. Ltd., Allegion plc, Control4 Corporation, Schneider Electric SE, Nortek Security & Control LLC, Vivint Inc., Armorax Limited, Google Nest, Canary Connect Inc., Scout Security Group, SimpliSafe Inc., Securitas AB, Bosch Security Systems Inc., Legrand Group, Resideo Technologies Inc., SkyBell Technologies Inc., Apple Inc., LiveWatch Security LLC, Amazon. com Inc., FrontPoint Security Solutions LLC, NETGEAR Inc., Samsung Electronics Co. Ltd., Alphabet Inc., Comcast Corporation, Swann Communications Pty Ltd., Lorex Technology Inc., Night Owl SP LLC, Defender, Amcrest Technologies LLC, Zmodo Technology Corporation, Reolink Digital Technology Co. Ltd., LaView Inc., ANNKE INNOVATION (HK) CO. LIMITED, Shenzhen Intelligent Technology Co. Ltd.
What Trends Are Expected to Dominate the Home Security System Market in the Next 5 Years?
The adoption of artificial intelligence (AI) and deep learning in residential security systems is revolutionizing the home security market. AI plays a crucial role in home automation by understanding human activity patterns and synchronizing home devices accordingly. It's extensively utilized in everyday home activities as a security resource, significantly contributing to advancements in the home security market. As an example, in 2024, Samsung launched an enhanced version of Bixby, aimed at improving user interactions and simplifying appliance usage, thus making home management more intuitive and personalized. This added feature is applicable to a diverse range of appliances, including the Bespoke 4-Door French Door Refrigerator and the Bespoke AI Laundry Combo.
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Which Is The Largest Region In The Home Security System Market?
North America was the largest region in the home security system market in 2024.Europe was the second-largest region in the home security system market share. The regions covered in the home security system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Home Security System Market?
2. What is the CAGR expected in the Home Security System Market?
3. What Are the Key Innovations Transforming the Home Security System Industry?
4. Which Region Is Leading the Home Security System Market?
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