- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 06 May 2016
Home security solutions market
The home security solutions market has grown exponentially because of technological advancements in sectors such as biometrics, sensors, communication technologies, and surveillance systems. It presents promising growth opportunities for both electrical distributors and telecom providers.
The increasing requirement for medical access control and the detection of gas leaks and fire have encouraged people to install medical alert systems alongside other security systems. This has impacted the home security solutions market positively in the past few years.
- The hardware segment includes; video surveillance, access control and authentication, electronic locks, sensors detectors, and alarms.
- Video surveillance comprises; IP cameras, analog cameras, storage and recorders, encoders, and CCTV monitors.
- The access control and authentication segment includes; biometrics, card-based, and RFID.
- The services segment includes technical support, installation/integration, cloud-based services, and consulting.
In 2014, home security hardware constituted approximately 93% of the global home security solutions market. Within the home security hardware market, electronic locks emerged as the biggest segment in 2014 and represented 63% of the home security solutions market. The segment of electronic locks is also the most rapidly developing hardware segment in the market and is poised to rise at an extraordinary CAGR of 25.50% from 2015 to 2022.
Geographically, the global home security solutions market is segmented into Europe, North America, the Middle East and Africa, Latin America, and Asia Pacific. In 2014, North America emerged as the biggest market for home security solutions, accounting for 37.3% of the overall market. This region is also predicted to be the most swiftly developing market for home security solutions in the coming years.This is because of the presence of smart card voice transmissions, biometric, and asset tracking systems here.
The prominent players operating in the market include Assa Abloy AB, Honeywell International, Inc., Vivint, Inc., HikVision Digital Technology Co., Ltd., Frontpoint Security Solutions, and Protect America, Inc., among others.
Featured articles and news
Achieving sustainable roads funding in England.
Your chance to comment on the draft BS 851188 - flood resistance products and flood protection products.
Rebuilding could take 20 to 40 years.
RSHP’s high-rise residential towers win a tall buildings award for excellence.
BSRIA study reveals strong growth in 2018.
Dame Judith Hackitt confirmed as keynote speaker – one year on from the Hackitt Report.
Save £100 on tickets.
Modern slavery in the construction sector.
What to bear in mind when claiming damages in construction.
How do we achieve sustainable clean-water infrastructure for all?
What you should know when appointing an architect.
A brief history plus some new developments.
How computational fluid dynamics (CFD) helps building design.