Home Security System Market Report 2022: Surging Incidents of Theft and Security Threats Fuel Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Home Security System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global home security system market size reached US$ 44.3 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 72.5 Billion by 2027, exhibiting a CAGR of 8.56% during 2021-2027.

Home Security System Market Trends:

The increasing construction of residential and commercial places on account of the growing global population represents one of the key factors positively influencing the market. In addition, the surging incidents of thefts, security threats, and breaches are catalyzing the demand for CCTV cameras, electronic alarm sensors, and enhanced home security systems worldwide. In line with this, rapid urbanization and industrialization, coupled with the rising occurrence of fire accidents and gas leakage cases across various industries, is creating a positive outlook for the market.

Apart from this, the development of microprocessor-based home security systems, which perform numerous functions and offer an easy-to-use interface for the user, is strengthening the market growth.

Furthermore, the increasing expenditure capacity, shifting consumer reliance on smartphones, laptops, and personal computers (PCs), and rising internet penetration are some of the other factors driving the market. Moreover, leading market players are constantly financing research and development (R&D) activities to launch more efficient and technologically advanced security systems, which is anticipated to propel market growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global home security system market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product and residence type.

Breakup by Product:

• Security Cameras
• Electronic and Smart Locks
• Sensors and Detectors
• Alarms
• Security Solutions
• DIY home security

Breakup by Residence Type:

• Independent Homes
• Condominiums
• Apartments

Regional Insights:

• North America
• Asia-Pacific
• Europe
• Middle East and Africa

Latin America

Key Questions Answered in This Report:

• How has the global home security system market performed so far and how will it perform in the coming years?
• What are the key regions in the global home security system market?
• What has been the impact of COVID-19 on the global home security system market?
• Which are the popular product types in the global home security system market?
• What are the key application segments in the global home security system market?
• What are the various stages in the value chain of the global home security system market?
• What are the key driving factors and challenges in the global home security system market?
• What is the structure of the global home security system market and who are the key players?
• What is the degree of competition in the global home security system market?
• How is home security system manufactured?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Home Security System Market

6 Market Breakup by Product

7 Market Breakup by Residence Type

8 Market Breakup by Region

9 Competitive Landscape

Companies Mentioned

• Bosch Security Systems Inc.
• Honeywell Security Group
• Johnson Controls Inc.
• Assa Abloy
• Carrier Global.

For more information about this report visit https://www.researchandmarkets.com/r/4zfvv3