According to the latest report by IMARC Group, titled “GCC Home Security Systems Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on GCC Home Security Systems market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The GCC home security systems market reached a value of US$ 441 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,411.7 Million by 2027, exhibiting a CAGR of 22.3% during 2022-2027.
A home security system comprises of integrated software and hardware devices linked to a central system that are installed in a home for enhanced security and protection. Generally, it includes door and window sensors, security cameras, motion and body heat sensors, sirens and alarms, locks, and control panels. In order to protect homes against burglaries and uninvited intruders, these integrated electronic devices monitor and capture suspicious activity. As a result, they are extensively utilized to secure all entry points, including doors and windows, as well as interior spaces in which wherein valuables are stored.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The market is primarily driven by the growing awareness regarding home security solutions among the masses. In addition to this, continual technological innovations, such as remote access codes, smart locks and miniature actuators and sensors, are also propelling the market growth. The market is further driven by the rapid adoption of the internet of things (IoT) and the integration of connected technology in with security systems. Some of the other factors providing an impetus to the market growth include the increasing internet penetration, the increasing cases of theft and burglary, and the inflating disposable incomes of the masses.
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GCC Home Security Systems Segmentation:
Our report has categorized the market based on residence type, product type, sensor type and installation type.
Breakup by Residence Type:
- Independent Homes
Breakup by Product Type:
- Video Surveillance
- Intruder Alarms
- Fire Protection
- Access Control
Breakup by Sensor Type:
- Wireless Sensors
- Wired Sensors
Breakup by Installation Type:
- Professional Installation
- DIY Type Installation
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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