Rhythm Energy has announced the Simply Secure 24 bundle, featuring a fixed-rate energy plan and a full-featured home security system from SimpliSafe. The bundle offers customers a discounted rate for their energy and also includes a state-of-the-art home security system from SimpliSafe.
An innovative smart home security system has been introduced by Arlo Technologies Inc. The All-in-One Multisensor system is recognized as a 2022 CES Innovation Award winner. The system uses motion and temperature sensors to detect and alert users of any possible security threats in home.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 4862
Published Date: Apr 28, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing crime rates, burglaries, and robberies as we as the increasing preference for automation and smart home systems are the major factors driving the market growth.
The market size of home security systems is anticipated to attain a CAGR of ~11.20% over the forecast period, i.e., 2023 â€“ 2035.
High installation costs and the lack of awareness about the advantages of home security systems are estimated to be the growth hindering factors for the market expansion.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
The major players in the market are Rhythm Energy. Arlo Technologies Inc., Google LLC, ABB Ltd, Zmodo, ADT Inc., Johnson Controls, Inc., Nortek Security & Control LLC, Honeywell International Inc, Assa Abloy, and others.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity, and the new products being launched into the market by the company.
The market is segmented by home type, installation, type, services, and by region.
The video surveillance system segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.