The report titled “Home Security Systems Market” sheds a concentrated focus on the Home Security Systems industry in terms of market driver, opportunities, restraints of global segmentation. Further data on the reports also includes demographic conditions, over-turning changing business cycles and analyzing country-to-market.
Need a Free Sample Report? Visit: https://www.reportsnreports.com/contacts/requestsample.aspx?name=1627717
The Home Security Systems Market was valued at USD 53.6 Billion in 2020 and is expected to reach USD 78.9 Billion by 2025, at a CAGR of 8.0% during the forecast period.
Top Companies Profiled in the Home Security Systems Market:
- ADT (US)
- Honeywell (US)
- Johnson Controls (US)
- HANGZHOU HIKVISION DIGITAL TECHNOLOGY (China)
- ASSA ABLOY (Sweden)
- SECOM (Japan)
- Robert Bosch (Germany)
- United Technologies (US)
- Godrej & Boyce (India)
- com (US)
- Allegion (Republic of Ireland)
- Control4 (US)
- Schneider Electric (France)
- Legrand (France)
- ABB (Switzerland)
- Comcast (US)
- STANLEY Convergent Security Solutions (US)
- Nortek Security & Control (US)
- FRONTPOINT (US)
- Vivint (US)
“Home security system market for condominiums and apartments to grow at higher CAGR during the forecast period.”
Owing to the increasing urbanization, the cities have started growing vertically, leading to the growth in the number of residential apartments and complexes. People in cities prefer condominiums and apartments owing to the integrated security and amenities within optimized prices.
“Professionally installed and monitored security systems to account for the largest share of the market by 2025.”
The large market for professionally installed and monitored security systems is mainly attributed to the growing concern among consumers about consistent security and real-time monitoring, and rising disposable income. Customers can entirely rely on professionally installed and monitored security systems, which are backed up with engineering and maintenance support.