What is the current Home Security System Market size?

The Home Security System Market is projected to register a CAGR of 8.92% during the forecast period (2024-2029) Read More

Who are the key players in Home Security System Market?

Arlo Technologies Inc., Google LLC, ABB Ltd, Zmodo and ADT Inc. are the major companies operating in the Home Security System Market. Read More

Which is the fastest growing region in Home Security System Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Home Security System Market?

In 2024, the Asia-Pacific accounts for the largest market share in Home Security System Market. Read More

What years does this Home Security System Market cover?

The report covers the Home Security System Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Home Security System Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key drivers of the Home Security System Market?

Key factors driving the Home Security System Market are: a) Increasing burglary rates b) Advancements in IoT and wireless technologies c) Homeowner awareness about home security benefits Read More

What are the emerging trends in the Home Security System Market?

Emerging trends in the Home Security System Market are: a) Integration of AI and machine learning for smarter security solutions b) The rise of Do it yourself (DIY) systems c) Adoption of cloud-based services Read More

Home Security System Market Share

Home Security System Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Home Security System Market is segmented by component (hardware (electronic locks, security cameras, fire sprinklers, window sensors, door sensors), software, services), type of system (video surveillance system, alarm system, access control system, fire protection system), distribution channel (online, offline) and geography. The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

Home Security System Industry Overview

The home security system market is fragmented and consists of major players. In terms of market share, no company has absolute control over the market, and everyone has their fair share. Major players include Honeywell International Inc., ADT Inc., Bosch Service Solutions GmbH, Arlo Technologies Inc., and SimpliSafe Inc., among others.

In June 2023, ABB Ltd. announced the acquisition of Eve Systems GmbH, a Munich-based leader in smart home products with operations in the United States and Europe. Through this acquisition, the company aims to accelerate its delivery of safe, smart, and energy-efficient homes and buildings through Eve's extended complementary range of consumer-facing products tailored to the retrofit market.

In March 2023, ADT and Google announced the availability of the first integrated smart home security system for DIY customers. ADT Self Setup integrates Google's Nest smart home products with ADT security and life safety technology as well as ADT SMART Monitoring, all with the convenient control of the new ADT+ app. This system unifies safety, security, home automation, and analytics through one easy-to-use application.