"Smart Strategies, Giving Speed to your Growth Trajectory"

Home Security Solution Market Size, Share & Industry Analysis, By Component (Hardware, Software, Services), By Home Type (Independent Homes, Apartment, Condominiums) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI102992 | Status : Ongoing



Home security system/solution is basically composed of different sensors or cameras which are linked together to a central hub to protect home. The home security system includes a controller to control the entire home security system, door and window sensors, motion sensors, security cameras. Additionally, it also includes yard signs, alarms and window stickers.  These integrated electronic devices are used to protect home against burglars and uninvited intruders. Internet of Things (IoT) has a tremendous impact on the home security solutions in todays times. Many companies are launching systems with enhanced security attributes for monitoring, with the help of integration of IoT in home security systems. Integration of IoT makes the home more secured, interconnected and remotely controllable. This technological advancements will lead to adoption for home cloud solutions/systems market to large extent. Integration of IoT and cloud computing makes it easier to access the system from different locations, provides greater storage and efficiency in data exchange thus contributing to more efficient systems in market. The cloud based home security systems decrease the complexity of the software making is simpler for residential users to use it.

Key Market Driver -

• High penetration of IoT and cloud computing drives home security solution market

Key Market Restraint -

• Risk of cyberattacks

Thus this user friendly solutions is leading to rapid adoption of cloud based security solution. At present, the home security solutions are compatible with Google Assistants and/or Amazon Alexa. There are thermostats, smart locks cameras, door bells, wall mounted touchscreen displays and smartphone apps along with the Google Assistants and Alexa interconnected in the home security systems. These devices being interconnected with each other and provides 24x7 security for homes. Recent technological advanced security systems also include smoke, fire alarms, flood and freeze alarms; carbon monoxide (CO) listeners etc. thus these additional features are increasing the scope for new markets in smart home security systems. Aditionally, smart home alarm systems are Z-Wave compatible and use Wi-Fi enabled cameras to monitor homes by sound detection and paroramic videos. These technologies advancements in the home security solutions will offer users security and increase adoption of this security solutions in near future. Increasing criminal records are also leading to the adoption of security solutions.

Key Players Covered:

In February 2020, ADT and HHHunt, Inc. (a diversified leader in real estate development) have announced their partnership This partnership has increased the penetration of home automation and home security solutions in the United States in new and old multifamily and student housing communities. The smart homes will include products like smart locks, smart hubs and smart thermostats in their smart home security solutions. This partnership will offer customized smart security solutions to their customers in the United States, which will rise the growth of market.

SimpliSafe, Inc. an American home security company partnered with Hippo Insurance. This partnership offers the home alarm devices, home monitoring devices along with homeowner’s insurance policy.  This has led to the adoption of smart home security solution and growth in market.

Some of the key competitors in the Home security solution market include ADT, SimpliSafe, Inc., Protect America, Inc., Honeywell International, Inc., Axis Communications AB, ASSA ABLOY, Vivint, Inc., Godrej.com, ABB and others.

The partnership strategy of the key players in the market are leading to growth of home security solutions market.

Regional Analysis

North America is the leader in the home security solution market. There is adoption of the smart home systems on a large scale in North America and Europe to be next in line as compared to other regions. Many companies are making new development into the products/security systems which include smart thermostats, network cameras, security systems and multi-room technology in them. Many new entrants like Vivint, Inc. are giving tough competition to the old players like Honeywell International Inc. in North America.  

India and China being fastest growing economies in the world and emerging markets for home security solutions.  

To gain extensive insights into the market, Request for Customization




By Component

  • Hardware

    • Video Surveillance

    • Access Control

    • Electronic Locks

    • Alarms

    • Remote Monitoring

    • Other (Authentication systems, etc.)

  • Software

  • Services

    • Installation

    • Technical Support

    • Others

By Home Type

  • Independent Homes

  • Apartment

  • Condominiums

By Geography

  • North America (the U.S. and Canada)

  • Europe (the U.K., Germany, France, Scandinavia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)

  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

  • Latin America (Brazil, Mexico and Rest of Latin America)

Key Industry Developments

  • March 2020: Vivint, Inc. launched Vivint Doorbell Camera Pro. This new version of camera is first to provide 180 degree vertical and horizontal view with 1:1 aspect ratio. This camera is combination of optics, deterrent features and intelligence to satisfy customer needs.

  • October 2019: ABB collaborates with Operational Technology Cyber Security Alliance to provide safe and secure operational technology. This technology is also used in smart home security systems to provide safer and secure homes.

  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Information & Technology Clients

Go daddy

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.