The Europe Home Security Systems Market would witness market growth of 8.4% CAGR during the forecast period (2022-2028).
Home automation capabilities in modern home security systems provide comfort and energy savings, which assists justify the additional expense of a security system. When combined with a security system, internet-connected lights and thermostats may adjust themselves to save energy when the system is equipped, while smart door locks and linked garage door openers provide a safe method to welcome visitors into the home.
Many homes insurance companies will give certain percentage of discount on the policy if a consumer installs a professionally monitored security system. The higher discounts are usually reserved for systems that comprise environmental monitoring in addition to intrusion monitoring to detect fire, smoke, and water damage. While this will not cover the full cost of a professional system, it will assist in making it cheaper in the long run. Moreover, if a consumer has video surveillance cameras, video footage might aid in the filing of insurance claims.
The Government's provider of expert advice, design, installation, and upkeep of electronic and physical security systems to areas of the public sector that need the highest levels of security protection is the Security Services Group (SSG), a business unit within the Defence Infrastructure Organisation (DIO) which is to assist technologies like home security systems. SSG is a team of approximately 200 highly skilled civil servants based across the UK and other regions that deliver project installations and provide a 24/7, 365-day-a-year on-call service to the most sensitive Defence and Government sites. To be the preferred provider of high-end security solutions and advice to the Department of Defense and other major government departments. Develop, deliver, and upkeep high-security electronic and physical solutions to secure Defence and Central Government assets.
The Germany market dominated the Europe Solution Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,653.6 million by 2028. The UK market is estimated to witness at a CAGR of 6.4% during (2022 - 2028). Additionally, The France market would witness a CAGR of 8.1% during (2022 - 2028).
Based on Component, the market is segmented into Solution (Video Surveillance System, Fire Protection System, Entrance Control System, Access Control System, and Intruder Alarm System) and Services (Security System Integration Services, Remote Monitoring Services, Fire Protection Services, Video Surveillance Services, and Access Control Services). Based on Home Type, the market is segmented into Condominiums/ Apartments and Independent Homes. Based on Security Type, the market is segmented into Professional-installed & Monitored, Self-installed & Professionally Monitored, and Do-It-Yourself (DIY). Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The North America Home Security Systems Market would witness market growth of 12.5% CAGR during the forecast period (2022-2028). The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International PLC, Robert Bosch GmbH, ABB Group, Resideo Technologies, Inc., ADT, Inc., Assa Abloy AB, Allegion PLC, Snap One, LLC, Secom Co. Ltd., Hangzhou Hikvision Digital Technology Co., Ltd. By Component By Home Type By Security Type By CountryScope of the Study
Market Segments Covered in the Report:
Key Market Players
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