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The Home and Small Business Security System Market - 14th Edition

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    Report

  • 130 Pages
  • November 2024
  • Region: Global
  • Berg Insight AB
  • ID: 5514128
Description Jump to:

Security systems for small businesses and private homes can be divided into three main categories - local, self-monitored and professionally monitored security systems. When activated, a local security system only emits an alarm sound to alert the surroundings and scare off intruders. Such systems are not monitored and cannot be accessed and controlled remotely. A self-monitored security system is connected and informs the owner of the premises upon activation by sending a text message, email or push notification through a smartphone app. A professionally monitored security system is connected to an Alarm Receiving Centre (ARC). When the system is activated, the ARC can respond by dispatching a security patrol and contacting emergency services. Professionally monitored security systems are dependent on reliable communications networks. The latest generation of such systems uses dual wired and wireless network connections to minimise the risk of communications failure.

Professionally monitored alarm systems in Europe and North America reached 55 million in 2023

The North American market for home and small business security systems is almost twice the size of the European market. There were an estimated 36.0 million active monitored alarm systems in the US and Canada at the end of 2023. The overall penetration rate among the around 155 million households and small business premises in North America was 23.2 percent. Growing at a CAGR of 3.6 percent, the number of monitored alarms in North America is estimated to reach 42.9 million in 2028. In the EU27+3, there were about 19.0 million active monitored alarm systems at the end of 2023. This corresponds to an overall penetration rate of 7.6 percent among the around 250 million households and small businesses in Europe. The market data thus indicate a significant growth potential for alarm systems in Europe, especially in the residential segment where the current penetration is only 6.3 percent. However, growth in the European market is forecasted to vary considerably from country to country in the next few years. 

Highlights from the report

  • Insights from 30 executive interviews with market leading companies.
  • New data on alarm system adoption by country and segment.
  • Comprehensive overview of the home and small business alarm system value chain.
  • Detailed profiles of key players on the European and North American security markets.
  • In-depth analysis of market trends and key developments.
  • Market forecasts by region, lasting until 2028.

The report answers the following questions

  • Who are the leading providers of monitored home and small business alarm systems?
  • Why are alarm system providers investing in smart home technology?
  • Are DIY home alarm systems providers a threat to the traditional players?
  • Which are the leading providers of secure alarm communications services?
  • What is the market value of the alarm system industry in Europe and North America?
  • What is the potential market size for cellular IoT in the alarm systems industry?
  • What are the latest trends and developments on this market?

Table of Contents


Executive Summary
1 The Security Industry
1.1 Market overview
1.1.1 Security services
1.1.2 Enterprise security systems
1.1.3 Home and small business security systems
1.1.4 Cash handling
1.2 Key industry players
2 Home and Small Business Security Systems
2.1 Technology overview
2.2 European standards for intruder alarm systems
2.3 Alarm system value chain
2.3.1 Traditional home and small business security providers
2.3.2 DIY home security providers
2.3.3 Home security system manufacturers and platform providers
2.3.4 Secure alarm communications service providers
3 Market Forecasts and Trends
3.1 Europe
3.2 North America
3.3 Vendor market shares
3.3.1 North America
3.3.2 Europe
3.3.3 Interactive security
3.4 Market drivers and trends
3.4.1 DIY and traditional home security system offerings are converging
3.4.2 Security cameras and AI software are now integral parts of security systems
3.4.3 Security systems and smart home products enable insurance discounts
3.4.4 Smart home vendors extend their offering to compete with security providers
3.4.5 Network sunsets - an opportunity and challenge for the security industry
4 Company Profiles and Strategies
4.1 Traditional home and small business security providers
4.1.1 ADT
4.1.2 Alert 360
4.1.3 Altice France
4.1.4 Brinks Home (Monitronics)
4.1.5 Chubb Fire & Security (APi Group)
4.1.6 Comcast
4.1.7 Cox Communications
4.1.8 EPS Télésurveillance
4.1.9 G4S (Allied Universal)
4.1.10 Guardian Protection
4.1.11 Homely
4.1.12 IMA Protect (Groupe IMA)
4.1.13 Johnson Controls
4.1.14 Prosegur
4.1.15 Sector Alarm
4.1.16 Securitas
4.1.17 Telus
4.1.18 Vector Security
4.1.19 Verisure
4.1.20 Vivint Smart Home (NRG Energy)
4.2 DIY home security system providers
4.2.1 Abode Systems (Nice Group)
4.2.2 ABUS
4.2.3 Arlo Technologies
4.2.4 Bosch
4.2.5 Canary (Smartfrog Group)
4.2.6 Ecobee (Generac)
4.2.7 ERA Home Security (Tyman Group)
4.2.8 Frontpoint
4.2.9 Minut
4.2.10 Netatmo (Legrand)
4.2.11 Ooma
4.2.12 Ring (Amazon)
4.2.13 Signify
4.2.14 SimpliSafe
4.2.15 Somfy
4.2.16 Wyze Labs
4.2.17 Yale (Assa Abloy)
4.3 Home security system manufacturers and platform providers
4.3.1 Ajax Systems
4.3.2 Alarm.com
4.3.3 Alula (M2M Services)
4.3.4 Atraltech
4.3.5 Climax Technology
4.3.6 Crow Electronic Engineering
4.3.7 Develco Products
4.3.8 DMP
4.3.9 DSC (Johnson Controls)
4.3.10 Essence Group
4.3.11 Napco Security Technologies
4.3.12 Nice Group
4.3.13 Qolsys (Johnson Controls)
4.3.14 Resideo Technologies
4.3.15 Scout Security
4.3.16 SecureNet Technologies
4.3.17 Texecom
4.4 Secure alarm communications service providers
4.4.1 AddSecure
4.4.2 CSL
4.4.3 M2M Services
4.4.4 Telguard (AMETEK)
4.4.5 Uplink Security (M2M Services)
List of Acronyms and Abbreviations
List of Figures
Figure 1.1: Security market value (World 2018-2023)
Figure 1.2: Market value by segment (EU27+3 and North America 2023)
Figure 1.3: Market value by country (EU27+3 and North America 2023)
Figure 1.4: Home and small business security revenues (EU27+3 and NA 2023)
Figure 1.5: Leading security industry players by segment (Europe and NA 2023)
Figure 1.6: Leading integrated security groups by revenues (2023)
Figure 2.1: Home security system components
Figure 2.2: EN 50131 grading system
Figure 2.3: EN 50131 ATS rating criteria
Figure 2.4: EN 50131 grading system criteria
Figure 2.5: Home and small business security system ecosystem
Figure 3.1: Monitored alarm systems and market value by country (EU27+3 2023)
Figure 3.2: Monitored small alarm systems by segment (EU27+3 2023)
Figure 3.3: Monitored alarm system shipments and installed base (EU27+3 2022-2028)
Figure 3.4: Monitored small alarm systems by segment (North America 2023)
Figure 3.5: Alarm system shipments and installed base (North America 2022-2028)
Figure 3.6: Top monitored alarm system providers (EU27+3 and North America, Q4-2023)
Figure 3.7: Top interactive home security providers (EU27+3 and NA, Q4-2023)
Figure 4.1: Traditional home and small business security providers (NA and Europe)
Figure 4.2: ADT+ home security system
Figure 4.3: Xfinity home security system
Figure 4.4: Movistar Prosegur Alarmas home security system
Figure 4.5: Prosegur alarm connections (World 2015-2023)
Figure 4.6: Sector Alarm home alarm system
Figure 4.7: Sector Alarm company acquisitions (2011-2024)
Figure 4.8: SecuritasHome’s entry level home security system
Figure 4.9: Telus security subscriber base (North America 2018-2023)
Figure 4.10: Verisure home security system
Figure 4.11: Verisure alarm subscribers per country (Q4-2023)
Figure 4.12: Verisure alarm subscribers (2016-2023)
Figure 4.13: Vivint Smart Home subscriber base (North America 2016-2023)
Figure 4.14: DIY home security system providers (North America and Europe)
Figure 4.15: ABUS Smartvest DIY home security system
Figure 4.16: Arlo home security system
Figure 4.17: Bosch smart home security products
Figure 4.18: Ecobee Smart Thermostat Premium, SmartCamera and SmartSensors
Figure 4.19: ERA Protect Smart Home Alarm
Figure 4.20: Minut Home Sensor
Figure 4.21: Ring Alarm System
Figure 4.22: SimpliSafe alarm system
Figure 4.23: Somfy ONE+ all-in-one home security system
Figure 4.24: Wyze Home Monitoring security system and Wyze Cam
Figure 4.25: Yale Smart Alarm
Figure 4.26: Equipment and platform providers (North America and Europe)
Figure 4.27: Ajax Systems’ security system and devices
Figure 4.28: Ajax Systems company data (2019-2023)
Figure 4.29: Alula Connect+ Security System
Figure 4.30: Diagral home security system
Figure 4.31: WeR@Home smart home and home security system
Figure 4.32: Napco Prima control panel
Figure 4.33: The 2GIG Edge control panel
Figure 4.34: The Qolsys IQ Panel 4
Figure 4.35: Resideo’s ProSeries home security system
Figure 4.36: Secure alarm communications service providers (NA and Europe)
Figure 4.37: The TG-1 Express LTE cellular communicator

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ADT
  • Alert 360
  • Altice France
  • Brinks Home (Monitronics)
  • Chubb Fire & Security (APi Group)
  • Comcast
  • Cox Communications
  • EPS Télésurveillance
  • G4S (Allied Universal)
  • Guardian Protection
  • Homely
  • IMA Protect (Groupe IMA)
  • Johnson Controls
  • Prosegur
  • Sector Alarm
  • Securitas
  • Telus
  • Vector Security
  • Verisure
  • Vivint Smart Home (NRG Energy)
  • Abode Systems (Nice Group)
  • ABUS
  • Arlo Technologies
  • Bosch
  • Canary (Smartfrog Group)
  • Ecobee (Generac)
  • ERA Home Security (Tyman Group)
  • Frontpoint
  • Minut
  • Netatmo (Legrand)
  • Ooma
  • Ring (Amazon)
  • Signify
  • SimpliSafe
  • Somfy
  • Wyze Labs
  • Yale (Assa Abloy)
  • Ajax Systems
  • Alarm.com
  • Alula (M2M Services)
  • Atraltech
  • Climax Technology
  • Crow Electronic Engineering
  • Develco Products
  • DMP
  • DSC (Johnson Controls)
  • Essence Group
  • Napco Security Technologies
  • Nice Group
  • Qolsys (Johnson Controls)
  • Resideo Technologies
  • Scout Security
  • SecureNet Technologies
  • Texecom
  • AddSecure
  • CSL
  • M2M Services
  • Telguard (AMETEK)
  • Uplink Security (M2M Services)

Methodology

 

 

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