Published Date: 28-Jul-2022
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According to a new report, published by KBV research, The Global Home Security Systems Market size is expected to reach $96.5 billion by 2028, rising at a market growth of 9.1% CAGR during the forecast period.
The Services market is anticipated to grow at a CAGR of 10.9% during (2022 - 2028). The home security service is a collection of physical and electronic elements that work together to keep a home safe. Both the security gear installed on a house and the personal security behaviors of persons are included in home security services.
The Condominiums/ Apartments market is leading the Global Home Security Systems Market by Home Type in 2021, thereby, achieving a market value of $59.7 Billion by 2028. This is owing to comparatively lesser security provided by manual security guards from any security agency. Incorporating a home security system for the whole apartment saves the substantial cost of the residential society.
The Self-installed & Professionally Monitored market would showcase a CAGR of 9.4% during (2022 - 2028). Self-monitored security systems provide individuals with complete control. It's entirely up to the user, from installation through alarm response. Basic components such as sensors, a base station, and optional cameras are included in the best self-monitored security systems.
The North America market dominated the Global Home Security Systems Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $34.6 billion by 2028. The Europe market is exhibiting a CAGR of 8.4% during (2022 - 2028). Additionally, The Asia Pacific market is poised to grow at a CAGR of 10% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Connectivity Type
By System Type
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