Growing use of IoT devices to drive the market

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Global home security systems market

Global home security systems market

Global home security systems market

Dublin, Sept. 23, 2022 (GLOBE NEWSWIRE) — The Home Security System Global Market Report 2022: By System, Component, Security Type, and End User has been added to from ResearchAndMarkets.com offer.

The global home security systems market is expected to grow from $3.92 billion in 2021 to $3.96 billion in 2022 at a compound annual growth rate (CAGR) of 1.2%. The growth is primarily due to businesses resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing, remote work and the closure of business activities that have resulted in operational challenges. The market is expected to reach $4.08 billion in 2026 at a CAGR of 0.7%.

North America was the largest region in the home security system market in 2021. Europe was the second largest region in the home security system market. Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The implementation of artificial intelligence (AI) and deep learning in home security systems is shaping the home security system market. Artificial intelligence is used in home automation to models human behavior and to automate home devices. It is used in daily household activities as a security system and acts as a technology to improve the home security system market. For example, in 2021, Samsung, a home security-based company, integrated AI-based Bixby voice control that can recognize individuals at home. User can control the device by voice through Samsung TV. It has the technology to display the person standing in front of the door and act as a home security system.

The growing use of Internet of Things (IoT) devices is expected to propel the growth of the home security system market over the forecast years. The Internet of Things (IoT) refers to a system of Internet-connected objects that can collect and transfer data through a wireless network without human intervention.

In terms of home security, IoT security solutions are used to better understand who enters and exits a facility in real time, monitor facility conditions reliably and securely from anywhere with a connection Wi-Fi, important security notifications are delivered directly to their mobile device, allowing them to act quickly.

Scope
Covered markets:
1) By system: fire protection system; CCTV system; Access control system; Entrance control system; Intruder alarm system
2) By component: hardware; Software; Services
3) By type of security: installed and monitored by professionals; self-installed and monitored by professionals; Do it yourself (DIY)
4) Per end user: condominiums; Apartments; Independent Houses

Main topics covered:

1. Summary

2. Features of Home Security System Market

3. Home Security System Market Trends and Strategies

4. Impact of COVID-19 on Home Security System

5. Home Security Systems Market Size and Growth

6. Home Security System Market Segmentation

7. Regional and Country Analysis of Home Security System Market

8. Asia Pacific Home Security System Market

9. China home security system market

10. India Home Security System Market

11. Japan Home Security System Market

12. Australia Home Security System Market

13. Indonesia Home Security System Market

14. South Korea Home Security System Market

15. Western Europe Home Security System Market

16. UK Home Security System Market

17. Germany Home Security System Market

18. France home security system market

19. Eastern Europe Home Security System Market

20. Russia Home Security System Market

21. North America Home Security System Market

22. United States Home Security System Market

23. South America Home Security System Market

24. Brazil home security system market

25. Middle East Home Security System Market

26. Africa Home Security System Market

27. Home Security Systems Market Competitive Landscape and Company Profiles

28. Key mergers and acquisitions in the home security system market

29. Home Security System Market Future Outlook and Potential Analysis

30. Annex

Companies cited

  • ADT LLC.

  • Honeywell International Inc.

  • Johnson Controls International plc

  • Hangzhou Hikvision Digital Technology Co.Ltd.

  • Assa Abloy AB

  • Secom

  • Robert Bosch GmbH

  • United Technologies Corporation

  • Godrej & Boyce Mfg. Co.Ltd.

  • Allegation plc

  • Control4

  • Schneider-Electric

  • Nortek Security & Control LLC

  • Vivint Inc.

  • Armorax

  • Google Nest

  • Loop Labs Inc.

  • Canary Connect Inc.

  • Scout Safety

  • Simplesafe

  • Securitas AB

For more information about this report visit https://www.researchandmarkets.com/r/5zc2ef

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