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Home Security Systems Market Share

Report ID: GMI6974
Published Date: Oct 2023
Report Format: PDF

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Home Security Systems Market Share

Players operating in the market focus on implementing different growth strategies to strengthen their offerings and expand their market reach. The strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, customer retentions, and others. These players are also heavily investing in research & development to introduce innovative & technologically advanced solutions in the home security systems industry. Some of the major players operating in the market are mentioned below:

ADT
Resideo Technologies Inc.
Johnson Controls
Assa Abloy
SECOM
Robert Bosch
Allegion

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for home security systems was USD 53.4 billion in 2022 and is anticipated to witness over 7.5% CAGR between 2023 and 2032 owing to the rising number of cybercrimes, identity thefts, and privacy breaches.

Home security systems market share from the access control system segment is expected to witness over 8.5% CAGR from 2023 to 2032 due to the increasing concerns about safety and the desire for personalized security solutions.

Demand for home security systems across offline distribution channels is anticipated to register 6.5% CAGR from 2023-2032 driven by the surging need for hands-on product demonstrations and consultations.

North America garnered over 30% share of the home security systems industry in 2022 owing to the increasing awareness of security risks, technological advancements, and the higher adoption of smart home solutions.