LAMEA Home Security Systems Market Size, Share & Industry Trends Analysis Report By Component (Solution and Services), By Home Type (Condominiums/ Apartments and Independent Homes), By Security Type, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Home Security Systems Market would witness market growth of 14.7% CAGR during the forecast period (2022-2028).
Security systems often require a code to arm or disarm, which users’ type on a keypad fixed on the wall or positioned on a flat surface. They're ideal for when the user is upstairs and doesn't want to get out of bed. A panic button is a simple and quick means to alert emergency services, such as the police, hospital, or fire department if anything really goes wrong. Panic buttons, like key fobs, aren't installed someplace specific, but the user always has it, in event of an emergency.
Base stations link each connected device to the smartphone app, allowing the user to receive the notifications indicated previously. Many security systems additionally provide yard signs or window stickers that allow the user to publicize the fact that they have a security system installed. Burglars will often flee if witness a home security system, thus these warnings is useful.
The regional population are increasingly including home security systems. This is owing to its advanced monitoring systems and strict adherence to rules, Dubai is one of the safest countries in the world. There are several innovative home security solutions in Dubai that user can use to secure the safety of the home and assets while the user is away, whether the individual is renting a villa or apartment in Dubai or are the owner of a property in the emirate.
The Brazil market dominated the LAMEA Services Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $901.4 million by 2028. The Argentina market would showcase a CAGR of 17.3% during (2022 - 2028). Additionally, The UAE market is expected to witness a CAGR of 16.5% during (2022 - 2028).
Based on Component, the market is segmented into Solution (Video Surveillance System, Fire Protection System, Entrance Control System, Access Control System, and Intruder Alarm System) and Services (Security System Integration Services, Remote Monitoring Services, Fire Protection Services, Video Surveillance Services, and Access Control Services). Based on Home Type, the market is segmented into Condominiums/ Apartments and Independent Homes. Based on Security Type, the market is segmented into Professional-installed & Monitored, Self-installed & Professionally Monitored, and Do-It-Yourself (DIY). Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International PLC, Robert Bosch GmbH, ABB Group, Resideo Technologies, Inc., ADT, Inc., Assa Abloy AB, Allegion PLC, Snap One, LLC, Secom Co. Ltd., Hangzhou Hikvision Digital Technology Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
- Video Surveillance System
- Fire Protection System
- Entrance Control System
- Access Control System
- Intruder Alarm System
- Security System Integration Services
- Remote Monitoring Services
- Fire Protection Services
- Video Surveillance Services
- Access Control Services
By Home Type
- Condominiums/ Apartments
- Independent Homes
By Security Type
- Professional-installed & Monitored
- Self-installed & Professionally Monitored
- Do-It-Yourself (DIY)
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Johnson Controls International PLC
- Robert Bosch GmbH
- ABB Group
- Resideo Technologies, Inc.
- ADT Inc.
- Assa Abloy AB
- Allegion PLC
- Snap One, LLC
- Secom Co. Ltd.
- Hangzhou Hikvision Digital Technology Co., Ltd.
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