29 Aug 2022
Home security systems are basically made up of different sensors or cameras that are connected to a central hub for home security. The home security system includes controllers to control the entire home security system, door and window sensors, motion sensors, and security cameras, as well as yard signs, alarms, and window stickers. These integrated electronic devices are used to protect against burglary and uninvited intruders. The Internet of Things (IoT) has a huge impact on home security today. Many companies are launching systems with enhanced security features for monitoring with the help of IoT integration in home security systems. IoT integration makes the home more securely connected and remotely controllable. This technological advancement will make the Mac or home cloud solution/system market widely accepted. The integration of IoT and cloud computing makes it easier to access systems from different locations, providing grader storage and functionality in data exchange thus contributing to more efficient systems in the market. Cloud-based home security systems reduce the complexity of software making it easier for residential users to use.
The Smart Home Security Market is valued at USD 1598.1 Million in 2021 and is expected to reach USD 5861.2 Million by 2028 with a CAGR of 20.4% over the forecast.
The Covid-19 pandemic had a serious impact on the growth of the global home security systems market in 2020. Global sales fell sharply in 2019-2020 due to production disruptions and temporary shutdowns of essential transportation. The impact of Covid-19 on key markets such as the US and China, Germany, and India was significantly adverse, as the supply chain disruption in China led to a sharp decline in demand for home security systems. The decline in the number of new construction projects and the closure of production facilities are some of the factors affecting demand in China. However, as the market recovers in 2021, it is expected that the US and China will re-emerge as major countries in the home security systems market.
G4S is a UK Based multinational private security company. Which is Established in 2004. Companies Headquartered at 46 Gillingham St, London, Greater London, SW1V 1HU, United Kingdom. G4S is the world's largest security company by revenue. The company operates in over 85 countries. Specialties in security personnel, monitoring equipment, and response units. G4S Company had nearly 550,000 Employees and had revenue of $ 57 Billion.
Hikvision is a Chinese multinational company. Which is Established in 2001. Companies Headquartered at no.555 Qianmo Binjiang District Rd, Hangzhou, Zhejiang, 310051, China. Specialties in serving various industries through its cutting-edge technologies of machine perception, artificial intelligence, and big data, leading the future of AIoT. Hikvision Company had nearly 52,752 Employees and had revenue of $ 12 Billion.
Legrand, is a French industrial group company. Which is Established in 1860. Companies Headquartered at 128 Ave Du Marechal De Lattre De Tassigny, Limoges, Nouvelle-Aquitaine, 87045, France. Specialties in electrical and digital building infrastructures. It offers solutions for commercial, industrial, and residential markets. Legrand Company had nearly 36,700 Employees and had revenue of $ 7 Billion.
ADT Inc., formerly The ADT Corporation, is a US multinational company. Which is Established in 1874. Companies Headquartered at 1501 Yamato Rd, Boca Raton, Florida, 33431, United States. Specialties in providing security systems, cameras, fire protection, alarms ad home automation services. ADT Company had nearly 25,000 Employees and had revenue of $ 5 Billion.
Brandessence Market Research in its latest publication on global Smart Home Security Market has predicted the growth of 20.4% during the forecast year 2021-2028.
Netgear Inc. is an American Based company. Which is Established in 1996. Companies Headquartered 350 E Plumeria Dr, San Jose, California, 95134, United States. Specialties in design development and markets networking and Internet-connected products for consumers, businesses, and service providers. Netgear Company had nearly 766 Employees and had revenue of $ 1 Billion.
6. Vivint Smart Home
Vivint is an American-based Public smart home company. Which is Established in 1999. Companies Headquartered at 4931 N 300 West, Provo, Utah, 84604, United States. Specialties in smart home systems with in-home consultation, professional installation, and support delivered by its Smart Home Pros, as well as 24/7 customer care and monitoring. Vivint Smart Home Company had nearly 11,000 Employees and had revenue of $ 1 Billion.
Alarm.com, Inc is US Based home and business security company. Which is Established in 2000. Companies Headquartered at 8281 Greensboro Dr Ste 100, Tysons, Virginia, 22102, United States. Specialties in interactive security, video monitoring, automation, and energy management System. The Company Also Provides cloud-based services for remote control, home automation, and monitoring services. Alarm.com Company had nearly 1,565 Employees and had revenue of $ 781 Million.
Ring LLC is a US Based home security and smart home company owned by Amazon. Which is Established in 2012. Companies Headquartered at 1523 26th St, Santa Monica, California, 90404, United States. Specialties in manufacturing home security products that incorporate outdoor surveillance cameras, such as the Ring Video Doorbell smart doorbell, and hosts Neighbors, an app for online social sharing of footage between users. Ring Company had nearly 1,300 Employees and had revenue of $ 266 Million.
SimpliSafe is a US Based home security company. Which is Established in 2006. Companies Headquartered at 294 Washington St Fl 9, Boston, Massachusetts, 02108, United States. Specialties in offering customers home security services such as 24/7 professional monitoring, cameras, and integrated applications. The company produces and sells self-installed wireless security systems. SimpliSafe Company had nearly 800 Employees and had revenue of $ 257 Million.
LiveWatch Security is a US Based DIY home security provider company. Which is Established in 2002. Companies Headquartered at 522 W Bertrand Ave, Saint Marys, Kansas, 66536, United States. The company offers homeowners with smartphone-enabled alarm systems and alarm monitoring services. Its products are offered through its online store, SafeMart. LiveWatch Company had nearly 256 Employees and had revenue of $ 61 Million.