The global home security system market revenue is expected to expand at a lucrative CAGR over the forecast period. Increasing incidents of security threats and breaches have led to a high demand for enhanced safety and security systems is the major factors expected to boost growth of the global home security system market.

The global home security system market report has been segmented on the basis ofhome type, system type, offering, component, and region.

On the basis of home type, the global home security system market is segmented into independent home and condominium/apartment. The independent home segment is expected to contribute significant share in terms of revenue in the global market. The condominium/apartment segment is estimated to register lucrative CAGR.

On the basis of system type, the global home security system market is segmented into professionally installed and monitored, self-installed and professionally monitored, and Do-It-Yourself (DIY).

On the basis of offering, the global home security system market is segmented into product and service. The product segment is further sub-segmented into fire protection system, video surveillance system, access control system, entrance control system, and intruder alarm. The service segment is further sub-segmented into security system integration service, remote monitoring service, fire protection service, video surveillance service, and access control service.

On the basis of component, the global home security system market is segmented into hardware, software, and service.

On the basis of region, the global home security system market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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North America market is expected to dominate in the global market, and is projected to maintain its dominance over the forecast period. Europe market is projected to witness significant growth over the forecast period, and is expected to register a CAGR of X.X%. The global home security system markets in Asia Pacific, Latin America and Middle East & Africa are projected to witness moderate growth over the forecast period.

Prominent players in the global home security system market include The Assa Abloy Group, Honeywell International, Inc., Tyco International Ltd., Axis Communications AB, SimpliSafe, Inc., Protect America, Inc., ADT Corporation, Vivint, Inc., Hangzhou Hikvision Digital Technology Co., Ltd., and FrontPoint Security Solutions, LLC.

 

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