Global Home Security Solution Market Expected to Exceed $1,21,421.70 Million, Rising at 10.56% CAGR

Credit Research Dive

The global home security solution market is anticipated to witness noteworthy growth in the 2022—2030 timeframe. The rising implementation of home security solutions in residential buildings is driving the growth of the market. The service sub-segment, access control system sub-segment, do-it-yourself (DIY) sub-segment, and independent homes sub-segment are projected to lead the market. The North American market is anticipated to be at the forefront.

Factors Impacting the Home Security Solution Market Growth:

The key factor boosting the growth of the global home security solution market is the rising need for appropriate, safe, and effective access control services in residential as well as non-residential areas due to growing cases of robbery, loot, and shoot-out worldwide. Moreover, surging advancements in home security options and growing awareness and readiness to spend on security services among customers are projected to open doors to lucrative opportunities for the growth of the market in the forecast period