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Published Date: 2015-11-03Number of Pages: 112

Home Security Solutions Market (By Component - Hardware, Software, Services) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022

Security and privacy have become major concerns among residential societies. Various efforts at securing homes are being made in order to ensure safety even when home owners are away. These include 24-hour manned security gates, armed patrols, and perimeter monitoring systems.  With the growing rates of property crime, burglaries, and home invasions in recent years, the demand for enhanced home security solutions has significantly grown. Customers have become more concerned and aware and are willing to adopt as well as invest in the latest, high-level security solutions and services that are available in the market. Due to various technological advancements worldwide, smart home technology is being adopted widely by the end users during recent years, which also increases the need for home security, surveillance, and control functions. Issues such as installation complexities, technical malfunctions, maintenance, and troubleshooting, which are faced by consumers, are now addressed by managed security service providers. This has significantly broadened the consumer offerings, which further drive the growth of home security solutions market. The governments of both developed and developing nations around the world have taken initiatives to develop smart and secure townships for urban development, which have propelled the need for home security solutions in the residential segment. The high installation costs and lower levels of IT literacy among home owners act as major hindrances to the growth of the home security solutions market. By providing home safety along with home security and improvements in terms of compatibility and accessibility between smart monitoring services with different platforms and interfaces will be a good growth opportunity for home security solutions market in the future. Also, increasing the market presence and customer touch points would result in greater home security solutions brand awareness among people. The global home security solutions market generated revenue worth US$ 8,339.2 Mn in 2014 and is projected to grow at a CAGR of 18.0% during the forecast period (2015 – 2022) to reach a market size of US$ 30,293.0 Mn by 2022.

On the basis of component types, the home security solutions market is categorized into hardware, software, and services. The hardware segment consists of video surveillance, access control, electronic locks, alarms, and sensors and detectors. The applications of video surveillance systems range from complete security to remote monitoring accessibility. The growing acceptance of video surveillance globally is mainly for the purpose of detecting home invasions, robberies, thefts, property crimes, and other home-based criminal incidents. Video surveillance systems are further segmented into analog, IP-based systems, and other systems such as recorders and storage, CCTV monitors, and encoders. Analog-based video surveillance is the older technology, with a complex structure and low costs. On the other hand, IP-based video surveillance provides better video quality with live HD streaming feature even away from home, unlike analog, and is slowly replacing the analog solutions. 

home-security-solutions

 

Access control and authentication refers to the various measures, either physical or electronic, designed for the monitoring of people and objects, and controlling access to and preventing intrusion of any property and information. It is primarily concerned with the restriction of the physical access to unauthorized people in controlled facilities and buildings. The access control systems discussed here include biometrics, RFID, and card-based access control. Biometrics have various applications of fingerprint recognition, facial recognition, and iris recognition. This technology is already a big success in the commercial sector, due to which consumers are now considering it for domestic purposes as well for advanced and personalized security. Due to the remote scanning feature where the door locks can be controlled from distant locations, biometrics is gaining popularity in the home security solutions market. Radio-frequency identification (RFID) is a wireless noncontact system applying radio-frequency electromagnetic fields and is mostly used in real-time tracking applications. 

In the coming years, Asia Pacific, Latin America, and Middle East and Africa (MEA) would be the major geographies that drive the growth of the home security solutions market. In 2014, the key home security solutions vendors included Assa Abloy AB, ADT Corporation, Honeywell International, Inc., Vivint, Inc., Tyco International Ltd., HikVision Digital Technology Co., Ltd., Axis Communications AB, Frontpoint Security Solutions, SimpliSafe, Inc., and Protect America, Inc

Chapter 1 Preface
1.1 Report Description and Scope
      1.1.1 Market Segmentation: Global Home Security Solutions Market
1.2 Research Methodology
      1.2.1 Phase I: Secondary Research
      1.2.2 Phase II: Primary Research
      1.2.3 Phase III: Expert Panel Review
      1.2.4 Data Models

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Home Security Solution Market, 2014 & 2022
      2.1.1 Global Home security Market Revenue, By Components, 2014 (US$ Mn)
              2.1.1.1 Global Home Security Hardware Solutions Market Revenue, By Component Type, 2014 (US$ Mn)
                        2.1.1.1.1 Global Home Security Video Surveillance Solutions Market Revenue, By Technology, 2014 (US$ Mn)
                        2.1.1.1.2 Global Home Security Access Control Solutions Market Revenue, By Type, 2014 (US$ Mn)
              2.1.1.2 Global Home Security Services Market Revenue, By Type, 2014 (US$ Mn)
      2.1.2 Global Home Security Solutions Market Revenue, By Geography, 2014 (US$ Mn)

Chapter 3 Global Home Security Solutions Market Analysis
3.1 Key Trends Analysis
      3.1.1 Increased Adoption of Smart Home Applications
      3.1.2 Increasing Popularity of DIY Based Solutions
      3.1.3 Home Security As An Integral Part of Luxury Housing
      3.1.4 Global Home Security Solutions Market Revenue, 2013 – 2022 (US$ Mn) and Y-o-Y Growth (%)
3.2 Market Dynamics
      3.2.1 Drivers
              3.2.1.1 Enhanced security needs of customers driving adoption of security solutions
              3.2.1.2 Managed Security Solutions Emerging as an Affordable Option
              3.2.1.3 Government Initiatives and Attractive Insurance Policies Driving Technology Investments and End-User Adoption
      3.2.2 Restraints
              3.2.2.1 High Cost of Security Systems Restricts Potential Customer Base
              3.2.2.2 Low IT Literacy Hampering Large-scale Acceptance by Consumers
              3.2.2.3 Decreasing ownership-to-renting ratio worldwide
      3.2.3 Opportunities
              3.2.3.1 Cost-effective Solutions
              3.2.3.2 Interoperability of Multiple Devices
              3.2.3.3 Maximizing the Brand Presence
              3.2.3.4 Home Safety in Line with Home Security
3.3 Global Home Security Solutions Market Analysis, By Component, 2013 – 2022 (US$ Mn)
      3.3.1 Global Home Security Hardware Solutions Market Revenue, By Type, 2013 – 2022 (US$ Mn)
              3.3.1.1 Video Surveillance
                        3.3.1.1.1 Global Home Security Video Surveillance Market Revenue, by Type, 2013 – 2022 (US$ Mn)
                                    3.3.1.1.1.1 Analog Cameras
                                    3.3.1.1.1.2 IP cameras
                                    3.3.1.1.1.3 Others (Recorders and Storage, CCTV Monitors, and Encoders)
              3.3.1.2 Access Control and Authentication
                        3.3.1.2.1 Global Home Security Access Control and Authentication Market Revenue, by Type, 2013 – 2022 (US$ Mn)
                                    3.3.1.2.1.1 Biometrics
                                    3.3.1.2.1.2 Radio Frequency Identification (RFID)
                                    3.3.1.2.1.3 Card-based Access Controls
              3.3.1.3 Alarms
              3.3.1.4 Electronic Locks
              3.3.1.5 Sensors and Detectors
      3.3.2 Global Home Security Software Market Revenue, 2013 – 2022 (US$ Mn)
      3.3.3 Global Home Security Services Market Revenue, by Type, 2013 – 2022 (US$ Mn)
              3.3.3.1 Installation/Integration Services
              3.3.3.2 Technical Support Services
              3.3.3.3 Consulting Services
              3.3.3.4 Cloud-based Services
3.4 Competitive Landscape
      3.4.1 Market Positioning of Key Players, 2014
      3.4.2 Competitive Strategies Adopted by Leading Players
3.5 Recommendations

Chapter 4 North America Home Security Solutions Market Analysis
4.1 Key Trends Analysis
4.2 North America Home Security Solutions Market Revenue, 2013 – 2022 (US$ Mn) and Y-o-Y Growth (%)
4.3 North America Home Security Solutions Market Revenue, by Component, 2013 – 2022 (US$ Mn)
      4.3.1 North America Home Security Hardware Market Revenue, by Type, 2013 – 2022 (US$ Mn)
              4.3.1.1 North America Video Surveillance Hardware Market Revenue, By Technology, 2013 – 2022 (US$ Mn)
              4.3.1.2 North America Access Control Hardware Market Revenue, By Technology, 2013 – 2022 (US$ Mn)
      4.3.2 North America Home Security Software Market Revenue, 2013 – 2022 (US$ Mn)
      4.3.3 North America Home Security Services Market Revenue, by Service Type, 2013 – 2022 (US$ Mn)
4.4 North America Home Security Solutions Market Revenue, by Region, 2013 – 2022 (US$ Mn)
      4.4.1 U.S.
      4.4.2 Rest of North America

Chapter 5 Europe Home Security Solutions Market Analysis
5.1 Key Trends Analysis
5.2 Europe Home Security Solutions Market Revenue, 2013 – 2022 (US$ Mn) and Y-o-Y Growth (%)
5.3 Europe Home Security Solutions Market Revenue, by Component, 2013 – 2022 (US$ Mn)
      5.3.1 Europe Home Security Hardware Market Revenue, by Type, 2013 – 2022 (US$ Mn)
              5.3.1.1 Europe Video Surveillance Hardware Market Revenue, By Technology, 2013 – 2022 (US$ Mn)
              5.3.1.2 Europe Access Control Hardware Market Revenue, By Technology, 2013 – 2022 (US$ Mn)
      5.3.2 Europe Home Security Software Market Revenue, 2013 – 2022 (US$ Mn)
      5.3.3 Europe Home Security Services Market Revenue, by Service Type, 2013 – 2022 (US$ Mn)
5.4 Europe Home Security Solutions Market Revenue, by Region, 2013 – 2022 (US$ Mn)
      5.4.1 EU7 Countries
      5.4.2 CIS Countries
      5.4.3 Rest of Europe

Chapter 6 Asia Pacific Home Security Solutions Market Analysis
6.1 Key Trends Analysis
6.2 Asia Pacific Home Security Solutions Market Revenue, 2013 – 2022 (US$ Mn) and Y-o-Y Growth (%)
6.3 Asia Pacific Home Security Solutions Market Revenue, by Component, 2013 – 2022 (US$ Mn)
      6.3.1 Asia Pacific Home Security Hardware Market Revenue, by Type, 2013 – 2022 (US$ Mn)
              6.3.1.1 Asia Pacific Video Surveillance Hardware Market Revenue, By Technology, 2013 – 2022 (US$ Mn)
              6.3.1.2 Asia Pacific Access Control Hardware Market Revenue, By Technology, 2013 – 2022 (US$ Mn)
      6.3.2 Asia Pacific Home Security Software Market Revenue, 2013 – 2022 (US$ Mn)
      6.3.3 Asia Pacific Home Security Services Market Revenue, by Service Type, 2013 – 2022 (US$ Mn)
6.4 Asia Pacific Home Security Solutions Market Revenue, by Region, 2013 – 2022 (US$ Mn)
      6.4.1 Japan
      6.4.2 China
      6.4.3 South Asia
      6.4.4 Australasia
      6.4.5 Rest of Asia Pacific

Chapter 7 MEA Home Security Solutions Market Analysis
7.1 Key Trends Analysis
7.2 MEA Home Security Solutions Market Revenue, 2013 – 2022 (US$ Mn) and Y-o-Y Growth (%)
7.3 MEA Home Security Solutions Market Revenue, by Component, 2013 – 2022 (US$ Mn)
      7.3.1 MEA Home Security Hardware Market Revenue, by Type, 2013 – 2022 (US$ Mn)
              7.3.1.1 MEA Video Surveillance Hardware Market Revenue, By Technology, 2013 – 2022 (US$ Mn)
              7.3.1.2 MEA Access Control Hardware Market Revenue, By Technology, 2013 – 2022 (US$ Mn)
      7.3.2 MEA Home Security Software Market Revenue, 2013 – 2022 (US$ Mn)
      7.3.3 MEA Home Security Services Market Revenue, by Service Type, 2013 – 2022 (US$ Mn)
7.4 MEA Home Security Solutions Market Revenue, by Region, 2013 – 2022 (US$ Mn)
      7.4.1 GCC Countries
      7.4.2 South Africa
      7.4.3 Rest of MEA

Chapter 8 Latin America Home Security Solutions Market Analysis
8.1 Key Trends Analysis
8.2 Latin America Home Security Solutions Market Revenue, 2013 – 2022 (US$ Mn) and Y-o-Y Growth (%)
8.3 Latin America Home Security Solutions Market Revenue, by Component, 2013 – 2022 (US$ Mn)
      8.3.1 Latin America Home Security Hardware Market Revenue, by Type, 2013 – 2022 (US$ Mn)
              8.3.1.1 Latin America Video Surveillance Hardware Market Revenue, By Technology, 2013 – 2022 (US$ Mn)
              8.3.1.2 Latin America Access Control Hardware Market Revenue, By Technology, 2013 – 2022 (US$ Mn)
      8.3.2 Latin America Home Security Software Market Revenue, 2013 – 2022 (US$ Mn)
      8.3.3 Latin America Home Security Services Market Revenue, by Service Type, 2013 – 2022 (US$ Mn)
8.4 Latin America Home Security Solutions Market Revenue, by Region, 2013 – 2022 (US$ Mn)
      8.4.1 Brazil
      8.4.2 Rest of Latin America

Chapter 9 Company Profiles
9.1 Vivint Inc.
9.2 Assa Abloy AB
9.3 Tyco International Ltd.
9.4 Honeywell International, Inc.
9.5 ADT Corporation
9.6 Frontpoint Security Solutions
9.7 SimpliSafe, Inc.
9.8 Protect America, Inc.
9.9 HikVision Digital Technology Co., Ltd.
9.10 Axis Communications AB

List of Figures

FIG. 1 Market Segmentation (1/2): Global Home Security Solutions Market, by Components
FIG. 2 Market Segmentation (2/2): Global Home Security Solutions Market, by Geography
FIG. 3 Research Methodology: Three Phase Diagram
FIG. 4 Global Home security Market Revenue, By Components, 2014 (US$ Mn)
FIG. 5 Global Home Security Hardware Solutions Market Revenue, By Component Type, 2014 (US$ Mn)
FIG. 6 Global Home Security Video Surveillance Solutions Market Revenue, By Technology, 2014 (US$ Mn)
FIG. 7 Global Home Security Access Control Solutions Market Revenue, By Type, 2014 (US$ Mn)
FIG. 8 Global Home Security Services Market Revenue, By Type, 2014 (US$ Mn)
FIG. 9 Global Home Security Solutions Market Revenue, By Geography, 2014 (US$ Mn)
FIG. 10 Global Home Security Solutions Market Revenue, 2013 - 2022 (US$ Mn) and Y-o-Y Growth (%)
FIG. 11 Home Security Solutions Market: Market Positioning of Key Players, 2014
FIG. 12 North America Home Security Solutions Market Revenue, 2013 – 2022 (US$ Mn) and Y-o-Y Growth (%)
FIG. 13 Europe Home Security Solutions Market Revenue, 2013 – 2022 (US$ Mn) and Y-o-Y Growth (%)
FIG. 14 Asia Pacific Home Security Solutions Market Revenue, 2013 – 2022 (US$ Mn) and Y-o-Y Growth (%)
FIG. 15 MEA Home Security Solutions Market Revenue, 2013 – 2022 (US$ Mn) and Y-o-Y Growth (%)
FIG. 16 Latin America Home Security Solutions Market Revenue, 2013 – 2022 (US$ Mn) and Y-o-Y Growth (%)

List of Tables

TABLE 1 Market Snapshot: Global Home Security Solutions Market, 2014 & 2022
TABLE 2 Global Home Security Solutions Market Revenue, by Component, 2013 – 2022 (US$ Mn)
TABLE 3 Global Home Security Hardware Market Revenue, by Type, 2013 – 2022 (US$ Mn)
TABLE 4 Global Home Security Video Surveillance Market Revenue, by Type, 2013 – 2022 (US$ Mn)
TABLE 5 Global Home Security Access Control and Authentication Market Revenue, by Type, 2013 – 2022 (US$ Mn)
TABLE 6 Global Home Security Services Market Revenue, by Type, 2013 – 2022 (US$ Mn)
TABLE 7 North America Home Security Solutions Market Revenue, by Component, 2013 – 2022 (US$ Mn)
TABLE 8 North America Home Security Hardware Market Revenue, by Type, 2013 – 2022 (US$ Mn)
TABLE 9 North America Video Surveillance Hardware Market Revenue, By Technology, 2013 – 2022 (US$ Mn)
TABLE 10 North America Access Control Hardware Market Revenue, By Technology, 2013 – 2022 (US$ Mn)
TABLE 11 North America Home Security Services Market Revenue, by Type, 2013 – 2022 (US$ Mn)
TABLE 12 North America Home Security Solutions Market Revenue, by Region, 2013 – 2022 (US$ Mn)
TABLE 13 Europe Home Security Solutions Market Revenue, by Component, 2013 – 2022 (US$ Mn)
TABLE 14 Europe Home Security Hardware Market Revenue, by Type, 2013 – 2022 (US$ Mn)
TABLE 15 Europe Video Surveillance Hardware Market Revenue, By Technology, 2013 – 2022 (US$ Mn)
TABLE 16 Europe Access Control Hardware Market Revenue, By Technology, 2013 – 2022 (US$ Mn)
TABLE 17 Europe Home Security Services Market Revenue, by Type, 2013 – 2022 (US$ Mn)
TABLE 18 Europe Home Security Solutions Market Revenue, by Region, 2013 – 2022 (US$ Mn)
TABLE 19 Asia Pacific Home Security Solutions Market Revenue, by Component, 2013 – 2022 (US$ Mn)
TABLE 20 Asia Pacific Home Security Hardware Market Revenue, by Type, 2013 – 2022 (US$ Mn)
TABLE 21 Asia Pacific Video Surveillance Hardware Market Revenue, By Technology, 2013 – 2022 (US$ Mn)
TABLE 22 Asia Pacific Access Control Hardware Market Revenue, By Technology, 2013 – 2022 (US$ Mn)
TABLE 23 Asia Pacific Home Security Services Market Revenue, by Type, 2013 – 2022 (US$ Mn)
TABLE 24 Asia Pacific Home Security Solutions Market Revenue, by Region, 2013 – 2022 (US$ Mn)
TABLE 25 MEA Home Security Solutions Market Revenue, by Component, 2013 – 2022 (US$ Mn)
TABLE 26 MEA Home Security Hardware Market Revenue, by Type, 2013 – 2022 (US$ Mn)
TABLE 27 MEA Video Surveillance Hardware Market Revenue, By Technology, 2013 – 2022 (US$ Mn)
TABLE 28 MEA Access Control Hardware Market Revenue, By Technology, 2013 – 2022 (US$ Mn)
TABLE 29 MEA Home Security Services Market Revenue, by Type, 2013 – 2022 (US$ Mn)
TABLE 30 MEA Home Security Solutions Market Revenue, by Region, 2013 – 2022 (US$ Mn)
TABLE 31 Latin America Home Security Solutions Market Revenue, by Component, 2013 – 2022 (US$ Mn)
TABLE 32 Latin America Home Security Hardware Market Revenue, by Type, 2013 – 2022 (US$ Mn)
TABLE 33 Latin America Video Surveillance Hardware Market Revenue, By Technology, 2013 – 2022 (US$ Mn)
TABLE 34 Latin America Access Control Hardware Market Revenue, By Technology, 2013 – 2022 (US$ Mn)
TABLE 35 Latin America Home Security Services Market Revenue, by Service Type, 2013 – 2022 (US$ Mn)
TABLE 36 Latin America Home Security Solutions Market Revenue, by Region, 2013 – 2022 (US$ Mn)

The Home Security Solutions Market report provides an analysis of the global home security solution market for the period 2013–2022, wherein the period from 2015 to 2022 comprises the forecast period and 2014 is the base year. Data for 2012 and 2013 are provided as historical information. The report covers all the prevalent trends and technologies playing a major role in the growth of the home security solution market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market growth during the said period. The study provides a holistic perspective on market growth, throughout the above forecast period in terms of revenue estimates (in US$ Mn), across different geographies, which include Asia Pacific (APAC), Latin America (LATAM), North America, Europe, and Middle East & Africa (MEA).

Home security refers to the electronics-based security measures for residential applications. These are designed to monitor living premises, homes, residential setups, personal property, and the residents and secure them from home intrusions, property crimes, robberies, homicides, etc. Home security systems are powerful tools to prevent and investigate crimes when installed in homes, parking lots, and backyards. Due to the growth of property-related crimes and home intrusions globally, consumers have become more concerned about the safety and security of their families and properties and which, as a result, is driving the overall demand for home security solutions. The growing home security solutions market has led to the emergence of home security service providers around the world, which has contributed to the growth of the market size globally.

This research report provides in-depth analysis of the global home security market on the basis of product types, segmenting the market into hardware, software, and services. The hardware segment comprises video surveillance, access control and authentication, alarms, electronic locks, and sensors & detectors. The video surveillance segment is further divided into analog cameras, IP cameras, and others, which includes recorders and storage, CCTV monitors, and encoders. The access control and authentication segment comprises biometrics, radio frequency identification (RFID), and card-based access control. The home security services segment includes services such as installation/integration, technical support, consulting, and cloud-based services.

In terms of geographical regions, the report segments the global home security solutions market into North America, Europe, Asia Pacific, and Rest of the World (RoW); the regions are analyzed in terms of revenue generation. The report provides cross-sectional analysis of the global home security solutions market in terms of market estimates and forecasts for all the segments across different geographic regions.

The report also includes competitive profiling of major players engaged in manufacturing home security products and providing home security services. Major business strategies adopted by them, their market positioning, and various recent developments have also been identified in the research report. This report also provides market share analysis of major players in the home security solutions market based on their 2014 revenue. Some of the major players profiled in the report include Vivint Inc., Assa Abloy AB, Tyco International Ltd., Honeywell International, Inc., ADT Corporation, Frontpoint Security Solutions, SimpliSafe, Inc., Protect America, Inc., HikVision Digital Technology Co., Ltd., and Axis Communications AB.

The global home security solutions market is segmented as below:

Home Security Solutions Market

By Component

  • Hardware
    • Video Surveillance
      • Analog Cameras
      • IP Cameras
      • Others (Recorders and Storage, CCTV Monitors and Encoders)
    • Access Control and Authentication
      • Biometrics
      • RFID
      • Card-based
    • Electronic Locks
    • Alarms
    • Sensors and Detectors
  • Software
  • Services
    • Installation/Integration
    • Technical Support
    • Consulting
    • Cloud-based Services

By Geography

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • EU7 Countries
    • CIS Countries
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • South Asia
    • Australasia
    • Rest of APAC
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Rest of Latin America