HOME Top Market Reports Home Security Solutions Market by Product (Electronic locks, Sensors, Cameras), Solutions (Intruder Alarm, Intercom, Access Control, Fire Protection, Integrated Security, Video Surveillance & Others), Home Type, & Geography - Global Forecast to 2020

Home Security Solutions Market by Product (Electronic locks, Sensors, Cameras), Solutions (Intruder Alarm, Intercom, Access Control, Fire Protection, Integrated Security, Video Surveillance & Others), Home Type, & Geography - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: May 2015
Report Code: SE 3405

 

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Security is the major concern for industry verticals such as commercial areas, residential areas, and public places. The major reasons behind this are the alarming crime rates on global basis and unethical practices. With regards to this, electronic security equipment is expected to find potential opportunities in this market. The entry level of security solutions in the residential sector has been witnessing a rapid growth since the last few years. There are several factors that can be attributed to this growth, such as increase in home burglary rates, attractive insurance policies to residents for installation of security solutions, and growing number of smart phone and tablet users.

Despite the numerous advantages offered by home security systems, lack of awareness about technological encroachments and a high installment cost of security solutions are some of the important restraints toward the growth of the home security system solutions market. A rise in the awareness level among consumers and increased adoption of new technology for home security would gradually result in cost reduction of the solution, thus driving the market for home security solutions.

The global home security solutions market is expected to grow at a CAGR of 8.7% between 2015 and 2020. The overall market was valued at $28,318.69 Million in 2014 and is expected to grow to $47,542.52 Million by 2020. The report on global market analyzes home security solutions value chain, giving a very clear insight of all the major and supporting segments to the industry. The market has been segmented on the basis of product types, solutions, home types, and geography (the Americas, Europe, APAC, and RoW). The report also evaluates market trends and technologies in the market dynamics, such as drivers, restraints, and opportunities along with the industry’s challenges.

The global home security solutions market report profiles some of the key technological developments in the recent times. It also profiles some of the leading players in the market and analyzes their key strategies. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players.

The major players in the global home security solutions market are Tyco (Ireland), ASSA ABLOY (Sweden), UTC Fire & Security (U.S.), Honeywell International, Inc. (U.S.), Bosch Security Systems (Germany), Ingersoll Rand Solutions (Ireland), Allegion Plc (Ireland), Godrej & Boyce Manufacturing Company Limited (India), Control4 Corporation (U.S.), Alarm.com (U.S.), and Nortek Security & Control LLC (U.S.).

Market, by Product Type:

The global home security solutions market, by product type, has been segmented into electronic locks, sensors, cameras, panic buttons, fire sprinklers & extinguishers, and alarms.

Market, by Solution:

The global market, by solution, includes medical alert systems, intruder alarm systems, access control & management systems, intercom systems, video surveillance systems, fire protection systems, and integrated systems.

Market, by Home Type:

The global market, by home type, includes independent homes, condominiums, and apartments.

Market, by Geography:

The report provides information regarding the global home security solutions market in four major geographic regions, namely the Americas, Europe, APAC, and RoW. Geographic analysis in the report contains the in-depth classification. The Americas includes North America & South America, where North America consists of the U.S., Canada, and others and South America consists of Brazil and Argentina. Europe, on the other hand, includes the U.K., Germany, France, and others; APAC includes China, Japan, India, and others; and RoW includes the Middle East and Africa.

Key Takeaways:

In the report, the global home security solutions market has fully been segmented into the following categories and the industry trends are also covered by the following aspects:

  • Total Markets: Global market – product market, sub-markets, related markets, complementary markets (with sub-segmentation), total addressable market (TAM), and market penetration of the global home security solutions technology.
  • Segmentation: Global market, by product, by solution, by installation & solution, and by home type.
  • Market, by Product: Market for global home security solutions, electronic locks, sensors, cameras, panic buttons, fire sprinklers & extinguishers, and alarms.
  • Market, by Solution: Medical alert systems, intruder alarm systems, access control & management systems, intercom systems, video surveillance systems, fire protection systems, and integrated systems.
  • Market, by Geography: The Americas (North America and South America), Europe (the U.K., Germany, France, and others), APAC (China, Japan, India, and others), and RoW (Middle East and Africa).
  • Market Competitive Landscape: Market share analysis for the global home security solutions manufacturers and developers.
  • Market Patent Landscape Analysis: Patent activity, publication activity, and mapping & analysis.

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 By Product
           1.3.3 By Solution
           1.3.4 By Home Type
           1.3.5 Geographic Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Demand-Side Analysis
                    2.2.2.1 Increased Crime Rates
                    2.2.2.2 Growing Rates of Civilian Fire Deaths in U.S. Homes
                    2.2.2.3 Growing Interest of U.S. Homeowners in Acquiring Home Security Systems
           2.2.3 Supply-Side Analysis
                    2.2.3.1 Upsurge in the Supply of Sophisticated Home Security Systems
    2.3 Market Size Estimation
    2.4 Market Breakdown and Data Triangulation
    2.5 Market Size Estimation
           2.5.1 Secondary Data
                    2.5.1.1 Key Data From Secondary Sources
           2.5.2 Primary Data
                    2.5.2.1 Key Data From Primary Sources
           2.5.3 Key Industry Insights
           2.5.4 Assumptions

3 Executive Summary (Page No. - 39)

4 Premium Insights (Page No. - 46)
    4.1 Market to Cross $47 Billion By 2020
    4.2 Market Top Three Product Segments
    4.3 Market in the APAC Region
    4.4 the U.S Accounted for the Largest Share in the Market
    4.5 Market Geographic Analysis
    4.6 Home Security Solutions Developed vs. Developing Nations
    4.7 Home Security Solutions Products Market Landscape

5 Market Overview (Page No. - 53)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Product
           5.3.2 By Solution
           5.3.3 By Home Type
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increased Crime Rates are Likely to Drive the Market
                    5.4.1.2 Growing Interest of Consumers in Home Convenience and Safety
                    5.4.1.3 Ease of Installation of the Wireless Technology
                    5.4.1.4 Increasing Remote Monitoring Using Mobile Devices
                    5.4.1.5 Attractive Insurance Policies
           5.4.2 Restraints
                    5.4.2.1 High Cost of Initial Investment and Maintenance
                    5.4.2.2 Lack of Technology Awareness
           5.4.3 Opportunities
                    5.4.3.1 Opportunities for Telecom Providers & Electrical Distributors
           5.4.4 Challenge
                    5.4.4.1 Low Adoption Rates of Security Solution Systems
           5.4.5 Burning Issue
                    5.4.5.1 Customer Acquisition & Retention
           5.4.6 Winning Imperatives
                    5.4.6.1 Interactive Services

6 Industry Trends (Page No. - 69)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Industry Trends
    6.4 Strategic Benchmarking
           6.4.1 Major Strategies Adopted By the Key Players

7 Market, By Product (Page No. - 73)
    7.1 Introduction
    7.2 Electronic Locks
           7.2.1 Keypad Locks
           7.2.2 Biometric Locks
           7.2.3 Magnetic Strip Locks
           7.2.4 Electric Strip Locks
           7.2.5 Electromechanical Door Locks
           7.2.6 Wireless Locks
    7.3 Sensors
    7.4 Cameras
    7.5 Panic Buttons
    7.6 Fire Sprinklers & Extinguishers
    7.7 Alarms

8 Market, By Solution (Page No. - 88)
    8.1 Introduction
    8.2 Medical Alert System
    8.3 Access Control & Management Solution
    8.4 Intruder Alarm Solution
    8.5 Intercom System
    8.6 Video Surveillance Solution
    8.7 Fire Protection System
    8.8 Integrated Security Solution

9 Market By Home Type (Page No. - 131)
    9.1 Introduction
    9.2 Independent Homes
    9.3 Condominiums
    9.4 Apartments

10 Geographic Analysis (Page No. - 136)
     10.1 Introduction
     10.2 Americas
             10.2.1 North America
                        10.2.1.1 U.S.
                        10.2.1.2 Canada
                        10.2.1.3 Rest of North America
             10.2.2 South America
                        10.2.2.1 Brazil
                        10.2.2.2 Argentina
     10.3 Europe
             10.3.1 U.K.
             10.3.2 Germany
             10.3.3 France
             10.3.4 Rest of Europe
     10.4 APAC
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 Rest of APAC
     10.5 RoW
             10.5.1 Middle East
             10.5.2 Africa

11 Competitive Landscape (Page No. - 159)
     11.1 Overview
     11.2 Market Share Analysis, Global Market
     11.3 Competitive Situation and Trends
             11.3.1 New Product Launches/New Product Developments
             11.3.2 Partnerships, Contracts, Agreements, Joint Ventures, and Collaborations
             11.3.3 Mergers and Acquisitions
             11.3.4 Expansions
             11.3.5 Other Developments

12 Company Profiles (Page No. - 171)
     12.1 Introduction
     12.2 TYCO
             12.2.1 Business Overview
             12.2.2 Product Portfolio
             12.2.3 Recent Developments
             12.2.4 MnM View
     12.3 Assa Abloy
             12.3.1 Business Overview
             12.3.2 Product Portfolio
             12.3.3 Recent Developments
             12.3.4 MnM View
     12.4 United Technologies Corporation
             12.4.1 Business Overview
             12.4.2 Product Portfolio
             12.4.3 Recent Developments
             12.4.4 MnM View
     12.5 Honeywell International Inc.
             12.5.1 Business Overview
             12.5.2 Product Portfolio
             12.5.3 Recent Developments
             12.5.4 MnM View
     12.6 Robert Bosch GmbH
             12.6.1 Business Overview
             12.6.2 Product Portfolio
             12.6.3 Recent Developments
             12.6.4 MnM View
     12.7 Ingersoll Rand
             12.7.1 Business Overview
             12.7.2 Product Portfolio
             12.7.3 Recent Developments
     12.8 Allegion  PLC
             12.8.1 Business Overview
             12.8.2 Product Portfolio
             12.8.3 Recent Developments
     12.9 Godrej & Boyce Manufacturing Company Limited
             12.9.1 Business Overview
             12.9.2 Product Portfolio
             12.9.3 Recent Developments
     12.10 Control4 Corporation
             12.10.1 Business Overview
             12.10.2 Product Portfolio
             12.10.3 Recent Developments
     12.11 Alarm.Com
             12.11.1 Business Overview
             12.11.2 Product Portfolio
             12.11.3 Recent Developments
     12.12 Nortek Security & Control LLC
             12.12.1 Business Overview
             12.12.2 Product Portfolio
             12.12.3 Recent Developments

13 Appendix (Page No. - 202)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports


List of Tables (78 Tables)

Table 1 New Product Developments Between 2010 and 2015
Table 2 The Increase in Crime Rates is Driving the Global Market
Table 3 The High Cost Associated With Security Systems Would Restrain the Market Growth
Table 4 The Roles of Telecom Providers & Electrical Distributors Create Growth Opportunities for the Market
Table 5 The Low Adoption Rate of Security Solution Systems is the Major Challenge for the Market
Table 6 Key Players Have Adopted New Product Developments and Mergers & Acquisitions as the Major Strategies
Table 7 Market Size, By Product, 2013–2020 (Million USD)
Table 8 Market Size, By Electronic Lock, 2013–2020 (Million USD)
Table 9 Market Size, By Biometric Lock, 2013–2020 (Million USD)
Table 10 Market Size, By Sensor, 2013–2020 (Million USD)
Table 11 Market Size, By Camera, 2013–2020 (Million USD)
Table 12 Market Size, By Solution, 2013–2020 (Million USD)
Table 13 Market Size : Market, By Region, 2013–2020 (Million USD)
Table 14 Americas: Home Security Solutions Market Size, By Region, 2013–2020 (Million USD)
Table 15 North America:Home Security Solutions Market Size, By Country, 2013–2020 (Million USD)
Table 16 South America: Home Security Solutions Market Size, By Country, 2013–2020 (Million USD)
Table 17 Europe: Market Size, By Country, 2013–2020 (Million USD)
Table 18 APAC: Market Size, By Country, 2013–2020 (Million USD)
Table 19 RoW: Market Size, By Region, 2013–2020 (Million USD)
Table 20 Market Size, By Region, 2013–2020 (Million USD)
Table 21 Americas: Home Security Solutions Market Size, By Region, 2013–2020 (Million USD)
Table 22 North America: Home Security Solutions Market Size, By Country, 2013–2020 (Million USD)
Table 23 South America: Market Size, By Country, 2013–2020 (Million USD)
Table 24 Europe: Market Size, By Country, 2013–2020 (Million USD)
Table 25 APAC: Market Size, By Country, 2013–2020 (Million USD)
Table 26 RoW: Market Size, By Region, 2013–2020 (Million USD)
Table 27 Market Size, By Region, 2013–2020 (Million USD)
Table 28 Americas: Home Security Solutions Market Size, By Region, 2013–2020 (Million USD)
Table 29 North America: Home Security Solutions Market Size, By Country, 2013–2020 (Million USD)
Table 30 South America: Home Security Solutions Market Size, By Country, 2013–2020 (Million USD)
Table 31 Europe: Market Size, By Country, 2013–2020 (Million USD)
Table 32 APAC: Market Size, By Country, 2013–2020 (Million USD)
Table 33 RoW: Market Size, By Region, 2013–2020 (Million USD)
Table 34 Market Size, By Region, 2013–2020 (Million USD)
Table 35 Americas: Home Security Solutions Market Size, By Region, 2013–2020 (Million USD)
Table 36 North America: Home Security Solutions Market Size, By Country, 2013–2020 (Million USD)
Table 37 South America: Market Size, By Country, 2013–2020 (Million USD)
Table 38 Europe: Market Size, By Country, 2013–2020 (Million USD)
Table 39 APAC: Market Size, By Country, 2013–2020 (Million USD)
Table 40 RoW: Market Size, By Region, 2013–2020 (Million USD)
Table 41 Market Size, By Region, 2013–2020 (Million USD)
Table 42 Americas: Market Size, By Region, 2013–2020 (Million USD)
Table 43 North America: Market Size, By Country, 2013–2020 (Million USD)
Table 44 South America:  Market Size, By Country, 2013–2020 (Million USD)
Table 45 Europe: Market Size, By Country, 2013–2020 (Million USD)
Table 46 APAC: Market Size, By Country, 2013–2020 (Million USD)
Table 47 RoW: Market Size, By Region, 2013–2020 (Million USD)
Table 48 Market Size, By Region, 2013–2020 (Million USD)
Table 49 Americas: Home Security Solutions Market Size, By Region, 2013–2020 (Million USD)
Table 50 North America: Market Size, By Country, 2013–2020 (Million USD)
Table 51 South America: Market Size, By Country, 2013–2020 (Million USD)
Table 52 Europe: Market Size, By Country, 2013–2020 (Million USD)
Table 53 APAC: Market Size, By Country, 2013–2020 (Million USD)
Table 54 RoW: Market Size, By Region, 2013–2020 (Million USD)
Table 55 Market Size, By Region, 2013–2020 (Million USD)
Table 56 Americas: Home Security Solutions Market Size, By Region, 2013–2020 (Million USD)
Table 57 North America: Market Size, By Country, 2013–2020 (Million USD)
Table 58 South America: Home Security Solutions Market Size, By Country, 2013–2020 (Million USD)
Table 59 Europe: Market Size, By Country, 2013–2020 (Million USD)
Table 60 APAC: Home Security Solutions Market Size, By Country, 2013–2020 (Million USD)
Table 61 RoW: Market Size, By Region, 2013–2020 (Million USD)
Table 62 Global Market Size, By Home Type, 2013–2020 (Million USD)
Table 63 Market Size, By Region, 2013–2020 (Million USD)
Table 64 Americas: Home Security Solutions Market Size, By Region, 2013–2020 (Million USD)
Table 65 Americas: Home Security Solutions Market Size, By Solution, 2013–2020 (Million USD)
Table 66 North America: Market Size, By Country, 2013–2020 (Million USD)
Table 67 South America: Market Size, By Country, 2013–2020 (Million USD)
Table 68 Europe: Home Security Solutions Market Size, By Country, 2013–2020 (Million USD)
Table 69 Europe: Market Size, By Solution, 2013–2020 (Million USD)
Table 70 APAC: Market Size, By Country, 2013–2020 (Million USD)
Table 71 APAC: Market Size, By Solution, 2013–2020 (Million USD)
Table 72 RoW: Market Size, By Region, 2013–2020 (Million USD)
Table 73 RoW: Market Size, By Solution, 2013–2020 (Million USD)
Table 74 New Product Launches, 2011–2014
Table 75 Partnerships, Contracts, Agreements, and Joint Ventures
Table 76 Mergers and Acquisitions
Table 77 Expansions
Table 78 Other Developments
 
 
List of Figures (78 Figures)
 
Figure 1 Markets Covered
Figure 2 Research Design
Figure 3 Major Product Categories Related to Home Security Solutions
Figure 4 Crime Rate Growing in the Developed Nations
Figure 5 Number of Civilian Fire Deaths in the U.S.
Figure 6 Rise in the Interest of U.S. Homes Acquiring Security Systems 2014
Figure 7 Changes in Product Launches (2011–2015)
Figure 8 Bottom-Up Approch
Figure 9 Top-Down Approch
Figure 10 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 11 Market Breakdown and Data Triangulation
Figure 12 Assumptions of the Research Study
Figure 13 Global Market Snapshot (2014–2020)
Figure 14 Intruder Alarm System Solutions Would Lead the Market By 2020
Figure 15 Global Market, By Home Type
Figure 16 Global Market, By Region 2014
Figure 17 Attractive Market Opportunities in Home Security Solutions
Figure 18 The Cameras Segment to Grow at the Highest Rate Among the Top Three Segments of the Home Security Product Market, 2015–2020
Figure 19 Japan and China Togher Shares ~52% of the APAC Home Security Solutions Market, 2015
Figure 20 The U.S. Accounted for A Share of Over 46% of the Market, 2015
Figure 21 The Americas Market Dominates the Overall Solutions Market, 2015
Figure 22 India and China are the Fastest Growing Nations, 2015–2020
Figure 23 The Top Three Product Segments Account for A Share of 77% of the Total Market, 2015
Figure 24 Home Security Solutions and Products
Figure 25 The Wireless Technology is Expected to Play A Crucial Role in the Home Security Solutions Market
Figure 26 Global Market Segmentation, By Product
Figure 27 Global Market Segmentation, By Solution
Figure 28 Global Market Segmentation, By Home Type
Figure 29 The Increase in Crime Rates is Driving the Global Market
Figure 30 Value Chain Analysis
Figure 31 Mergers & Acquisitions Were the Major Strategies Adopted By Industry Players
Figure 32 Home Security Solutions Product Market Scope
Figure 33 Cameras are Expected to Be the Fastest Growing Home Security Product Between 2015 and 2020
Figure 34 Electronic Locks Accounted for A Share of ~27% of the Total Home Security Solutions Market, 2014
Figure 35 Wireless Locks are Expected to Be the Fastest Growing Segment in the Home Security Market (2015–2020)
Figure 36 Fingerprint-Based Recognition Accounts for the Largest Share in the Market, 2015
Figure 37 Fire & Smoke Detectors are Expected to Grow Rapidly at A CAGR of 9.5% Between 2015 and 2020
Figure 38 The Cameras Segment is Expected to Grow at 13.4% Between 2014 and 2020
Figure 39 Market Scope
Figure 40 Integrated Home Security Solutions to Grow at the Highest Rate Between 2015 and 2020
Figure 41 Medical Alert Systems Market Geographic Snapshot, 2015
Figure 42 Access Control & Management Solutions Market Geographic Snapshot, 2015
Figure 43 Intruder Alarm Market Geographic Snapshot, 2015
Figure 44 The U.S. Accounted for the Largest Share in the Intercom Systems Market, 2015
Figure 45 India is Expected to Have the Fastest-Growing Market for Video Surveillance Solutions, 2015–2020
Figure 46 The U.S. Accounts for A Share of ~47% of the Total Fire Protection Solutions in Home Security Solutions Market, 2015
Figure 47 The APAC Region to Grow at A CAGR of 14.8% Between 2014 and 2020
Figure 48 Independent Homes to Account for the Largest Market Share (2015–2020)
Figure 49 Market Snapshot (Between 2015 and 2020)
Figure 50 APAC—The Fastest Growing Region, 2015-2020
Figure 51 The Americas Home Security Solutions Market: 2015 Snapshot
Figure 52 The U.S. is Expected to Account for the Largest Market Share of Home Security Solutions (2020)
Figure 53 The U.K. Contributes ~37% to the European Home Security Solutions Market, 2015
Figure 54 The APAC Region is Estimated to Grow at the Highest Rate in the Market
Figure 55 The Middle Eastern and African Regions to Grow at A Higher Rate
Figure 56 Companies Adopted Mergers & Acquisitions as the Key Growth Strategy Between 2012 and 2014
Figure 57 Assa Abloy Grew at the Highest Rate Between 2012 and 2014
Figure 58 Global Market Ranking, By Key Player, 2014
Figure 59 Market Evolution Framework Mergers & Acquisitions has Fueled Growth and Innovation
Figure 60 Battle for Market Share: New Product Developments and Mergers & Acquisitions Were the Key Strategies
Figure 61 Geographic Revenue Mix of the Top Five Market Players
Figure 62 Competitive Benchmarking of the Key Market Players (2012–2014): Assa Abloy Emerged as the Champion Owing to Its Diversified Product Portfolio
Figure 63 TYCO: Company Snapshot
Figure 64 TYCO: SWOT Analysis
Figure 65 Assa Abloy : Company Snapshot
Figure 66 Assa Abloy: SWOT Analysis
Figure 67 United Technologies Corporation: Company Snapshot
Figure 68 United Technologies Corporation: SWOT Analysis
Figure 69 Honeywell International, Inc.: Company Snapshot
Figure 70 Honeywell International, Inc.: SWOT Analysis
Figure 71 Robert Bosch GmbH: Company Snapshot
Figure 72 Robert Bosch GmbH: SWOT Analysis
Figure 73 Ingersoll Rand: Company Snapshot
Figure 74 Allegion PLC : Company Snapshot
Figure 75 Godrej & Boyce Manufacturing Company Limited: Company Snapshot
Figure 76 Control4 Corporation: Company Snapshot
Figure 77 Alarm.Com: Company Snapshot
Figure 78 Nortek Security & Control LLC: Company Snapshot

The home security solutions market has been gaining momentum since the past few years. This is mainly attributed to the rise in crime rates and technological advancements in various sectors such as sensors, biometrics, surveillance systems, communication technologies, and more. This market is also observed to provide potential growth opportunities to telecom providers and electrical distributors. However, the high cost of solution and lack of awareness confines the market growth. Home security solution providers also need to work on the adoption of innovative approaches in order to acquire new customers and retain the existing ones.

There is also a growing awareness about integrated security systems, combined with the need for medical assistance to elderly people at home, detection of hazardous conditions such as fire and gas leaks, and monitoring of children at home. The Americas held the largest market share of 60.93% in 2014. This was mainly attributed to the presence of a large number of companies along the home security solution supply chain in this region, such as FrontPoint Security (U.S.), Pinnacle Security (U.S.), Alarm.com (U.S.), iControl Networks (U.S.), and more, that provide innovative solutions to address the various challenges involved in the production of security solutions and their utilization by end-users. Additionally, there are also tremendous growth opportunities observed in South Africa, Brazil, and Mexico.

The report provides the current size of the home security solutions market and also forecasts the same for different regions, namely the Americas, Europe, Asia–Pacific (APAC), and Rest of the World (RoW). It also involves the study of winning imperatives and trends in the global market. In addition, the report profiles over 11 companies from all regions of the globe along with their recent activities such as mergers & acquisitions, collaborations, joint ventures, and new product development. The global market was valued at a market size of $28,318.69 Million in 2014. It is expected to grow to $47.542.52 Million by 2020, at a CAGR of 8.7% between 2015 and 2020.

The report describes the market trends and challenges of the global home security solutions market and forecasts the market till 2020, based on products, solutions, home types, and geography. It also features detailed competitive landscape with the identification of the key players with respect to the global market, in-depth market share analysis, and market share rankings. The segments and sub-segments in the report contain the drivers, restraints, opportunities, and current market trends to revolutionize the global market.

The major players in the global home security solutions market are Tyco (Ireland), ASSA ABLOY (Sweden), UTC Fire & Security (U.S.), Honeywell International, Inc. (U.S.), Bosch Security Systems (Germany), Ingersoll Rand Solutions (Ireland), Allegion PLC (Ireland), Godrej & Boyce Manufacturing Company Limited (India), Control4 Corporation (U.S.), Alarm.com (U.S.), and Nortek Security & Control LLC (U.S.).

Global Home Security Solutions Market (2013-2020)

Home Security Solutions Market

Note: H=Historical year, B=Base year, E=Estimated year, and P=Projected year

Source: Markets and Markets Analysis

The global home security solutions market is expected to grow at a CAGR of 8.7% between 2015 and 2020. Intruder alarm systems are the major solution in this market, followed by intercom systems. In geographic analysis, the Americas is the market leader, followed by APAC

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