Trends, opportunities and forecast in this market to 2022 by type (equipment and service), by type of installation (DIY type and professional type), and by region (North America, Europe, Asia Pacific, and the Rest of the World)
According to a new market report published by Lucintel, the future of the home security market looks attractive with opportunities in the residential sector. The global home security market is expected to reach an estimated $51.5 billion by 2022 and it is forecast to grow at a CAGR of 9.2% from 2017 to 2022.
The major growth drivers for this market are increasing rate of crime, declining prices of security products, increasing awareness related to safety and security, and the growing adaption of cloud-based technologies.
Browse 83 market data tables and 60 figures spread through 140 pages and in-depth TOC on “Global Home Security Market"
North America is expected to remain the largest region during the forecast period due to the increasing usage of technologies and digitalization in the US and Canada.
Asia Pacific is expected to witness the highest growth over the forecast period because of increasing awareness on home safety and security.
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Emerging trends, which have a direct impact on the dynamics of the industry, include adoption of artificial intelligence and machine learning software in the residential security sector and constant developments of security technologies, such as smart cameras and sensors. ADT Corporation, Monitronics International, Vivint Inc., Protection One, and UTC Fire & Security are among the major home security system & service providers.
The study includes a forecast for the global home security market by type, type of installation, and region as follows:
By Product and Service Type [$M shipment analysis from 2011 to 2022]:
- − Electronic Lock
- − Video Surveillance
- − Fire Sprinklers & Extinguishers
- − Intruder Alarms
By Type of Installation [$M shipment analysis from 2011 to 2022]:
By Region [$M shipment analysis for 2011 – 2022]:
- North America
- – United States
- – Canada
- – Mexico
- – United Kingdom
- – Germany
- – France
- Asia Pacific
- – Japan
- – China
- – South Korea
- – India
- The Rest of the World
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This 140-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, click on this link www.lucintel.com/toc/home_security…et_2017_2022.aspx
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