DIY Home Security Solutions Market

DIY Home Security Solutions Market Expands as Consumers Seek Customized Solutions.

DIY Home Security Solutions Market by Product (Monitoring and Alarming Systems, DIY Security Cameras)

Report ID: PMRREP21109

Number of Pages: 201

Format: PPT*, PDF, EXCEL

Industry: IT and Telecommunication

Published Date: March-2023

Report Price

$4900*

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DIY Home Security Solutions Market Outlook (2023 to 2033)

The Market for DIY Home Security Solutions was valued at US$ 11,221.1 Million in 2022, and it is anticipated to have grown to US$ 30,707.1 Million by the end of 2033. The market for DIY home security solutions is estimated to evaluate to US$ 12,130 Million in 2023 and is estimate to grow at a CAGR of 9.7% from 2023 to 2033.

DIY home security solutions refer to the use of self-installed and self-monitored security devices to protect homes and properties. These solutions typically involve the installation of security cameras, door and window sensors, motion detectors, and other devices that can detect and alert homeowners to potential threats. The DIY home security solutions consists of 35% share of the global smart homes security system market.

The DIY home security systems are often more affordable than professionally installed systems, and they allow homeowners to customize their security measures to meet their specific needs. These systems can be monitored remotely through a mobile app, allowing homeowners to keep an eye on their property from anywhere, at any time.

The DIY home security solutions market in North America held 25.9%, which is the uppermost market share in the worldwide landscape in 2022 and is projected to retain its position within the forecast period. The demand for DIY home security solutions in the Europe region it held around 20.3% of the market in 2022.

DIY Home Security Solutions Market Size (2023)

US$ 12,130 Million

Projected Market Value (2033)

US$ 30,707.1 Million

Global Market Growth Rate (2023 to 2033)

9.7%

Monitoring and Alarming Systems Market Share (2022)

54.8%

India Market Growth Rate (2023 to 2033)

15.6%

E-Commerce/Online Market CAGR (2022)

14.2%

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What Drivers will act for the Growth of DIY Home Security Solutions Market?

“The Increasing awareness of home security will boost the DIY Home Security Solutions market”

The increasing awareness of home security is expected to boost the DIY home security solutions market. As people become more aware of the risks associated with home security, they are more likely to invest in security solutions to protect their homes.

The rise of social media and online news has also increased the visibility of crimes, including burglaries, which has led to an increased awareness of the importance of home security among consumers.

DIY home security solutions are an attractive option for consumers because they offer a cost-effective and convenient way to secure their homes. These solutions are easy to install and use, and they can be customized to meet the specific needs of each homeowner.

The increasing availability of DIY home security solutions and the growing awareness of home security, it is likely that the demand for these products will continue to increase in the coming years. As a result, the DIY home security solutions market is expected to experience significant growth.

  • In November 2022, ASSA ABLOY has acquired D&D Technologies, this purchase will complement existing gate hardware offerings and present expansion possibilities.
  • In July 2021, Godrej and the Boyce the Godrej Group's flagship firm, revealed that its business, Godrej Security Solutions, has introduced India's most secure home camera line, which is designed and manufactured in India.
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Why is Demand for DIY Home Security Solutions Increasing across United States?

“The Increasing Crime Rates in United States Will Boost the Demand for DIY Home Security Solutions Markets”

The FBI Report of 2022, on crime rates in United States has highlighted the issue of rapidly increasing crimes across the United States and that will boost the demand for DIY home security solutions markets. Homeowners are becoming more concerned about the safety and security of their homes and families, and are looking for ways to protect themselves from burglaries, home invasions, and other types of crime.

As crime rates rise, homeowners may feel more vulnerable and may be more likely to invest in home security solutions to protect their homes. DIY home security solutions offer an affordable and flexible option for homeowners who want to take control of their own security.

In addition, many DIY home security solutions now offer advanced features such as smart home integration, mobile app control, and real-time monitoring, which can provide homeowners with greater peace of mind and security.

Overall, while there are many factors that can influence the demand for DIY home security solutions, it is likely that the increasing crime rates in the US will be a significant driver of growth in this market.

The United States had market share in DIY home security solutions of 17.8% in the 2022.

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What Factors Allow India to Be a Major Market for DIY Home Security Solutions Market?

“The Growing Smart Homes Culture in India Will Boost the DIY Home Security Solutions Market”

The growing smart homes culture in India is expected to boost the DIY home security solutions market. Smart homes are equipped with interconnected devices that can communicate with each other and can be controlled remotely using a smartphone or other internet-enabled devices. This technology has become increasingly popular in India, especially among the younger population.

Smart homes offer a higher level of security and convenience to homeowners. They allow homeowners to remotely monitor and control their home security systems, giving them peace of mind while they are away from home. The integration of home security systems with smart home technology has made it easier for homeowners to manage their security systems from anywhere.

The DIY home security solutions market in India is expected to benefit from the growing smart homes culture as homeowners are increasingly looking for affordable and easy-to-use security solutions that can be integrated with their smart home systems.

Overall, the growing smart homes culture in India is expected to drive the demand for DIY home security solutions, as more homeowners look for affordable and easy-to-use security systems that can be integrated with their smart homes.

The Indian market will grow with CAGR of 15.3% over the forecasted period.

What Factors Is Allowing DIY Home Security Solutions to Grow in China?

“The Increasing Awareness of Home Security in China Will Boost the DIY Home Security Solutions Market”

The increasing awareness of home security in China is one of the key drivers for the growth of the DIY home security solutions market in the country. As people become more concerned about the safety of their homes and families, they are more likely to invest in home security systems.

Moreover, the recent economic growth in China has led to an increase in disposable income, making it easier for homeowners to afford home security systems. This, coupled with the growing popularity of smart home technology, has created a favourable market for DIY home security solutions in China.

Additionally, the COVID-19 pandemic has further accelerated the growth of the DIY home security market in China, as people spend more time at home and prioritize home security solutions. The ease of installation and affordability of DIY systems have made them a popular choice for many homeowners in China.

Category-wise Insights

What Are Different Factors Allow Monitoring and Alarming Systems in DIY Home Security Solutions to Dominate the Market?

“Easy Installation and Operation of Monitoring and Alarming Systems Will Drive the Demand for DIY Home Security Solutions Market”

DIY home security solutions offer several benefits over traditional security systems. One of the main advantages is that they are relatively easy to install and operate, even for individuals without technical expertise.

This makes them a popular choice for homeowners who want to set up a security system quickly and easily without having to pay for professional installation and monitoring services.

In addition, many DIY home security systems now offer advanced features such as mobile alerts, remote monitoring, and smart home integration, which make them even more appealing to consumers. As a result, the DIY home security market is expected to continue to grow in the coming years, driven in part by the demand for easy-to-use and convenient security solutions.

The monitoring and alarming systems in the DIY home security solutions market had highest market share of 54.8% in 2022.

What Factors Are Influencing the Demand for E-Commerce/Online Channel in DIY Home Security Solutions Market?

“The Convenience and Competitive Pricing at E-Commerce/Online Channel in That Will Boost The DIY Home Security Solutions Market”

E-commerce/online channels offer a convenient way for consumers to purchase DIY home security solutions from the comfort of their own homes. Consumers can easily browse through a wide range of products and compare prices, which can lead to competitive pricing and cost savings for customers. This convenience and pricing advantage have the potential to attract a larger number of consumers to purchase DIY home security solutions online.

Moreover, the DIY home security solutions market is growing rapidly due to the increasing demand for affordable and customizable security solutions. DIY security systems typically offer lower upfront costs and no ongoing monitoring fees compared to professionally installed security systems, making them more affordable for consumers.

E-commerce/online channels provide a cost-effective and convenient platform for these products, and thus are expected to play a significant role in driving the growth of the DIY home security solutions market.

Overall, the convenience and competitive pricing offered by e-commerce/online channels are expected to contribute to the continued growth of the DIY home security solutions market in the future.

The e-commerce/online channel had uppermost CAGR of 14.2% for the forecasted period.

Competitive Landscape

The industries are concentrates on introducing new products, improving current products, and strategically expanding into new markets in order to diversify its product line and strengthen its position in the market.

  • In March 2023, Bosch announces that smart system software, hardware, and services that are simple to manage, increase ease of use, and simplify configuration and maintenance, and increase protection and safety.
  • In August 2022, Monitronics International, Inc. and its subsidiaries has announced that it and its biggest Authorized Dealer, Skyline Security, have reached an agreement on a new long-term contract that will keep their relationship going for an additional five years.

Recent developments related to key players providing DIY home security solutions market solutions have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.

DIY Home Security Solutions Market Report Scope

Attribute

Details

Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2022

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Key Countries Covered

  • United States
  • Canada
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia & New Zealand
  • GCC Countries
  • Turkey
  • Israel
  • Northern Africa
  • South Africa

Key Market Segments Covered

  • Product
  • Sales Channel
  • Region

Key Companies Profiled

  • SAMSUNG SmartThings
  • Piper (Icontrol Networks, Inc.)
  • SImpliSafe, Inc.
  • Abode systems, Inc.
  • Nest Labs
  • Frontpoint Security Solutions
  • Protect America, Inc.
  • LifeShield LLC
  • GetSafe
  • iSmart Alarm, Inc.
  • Others

Pricing

Available upon Request

Key Segments of DIY Home Security Solutions Market Industry Research

By Product:

  • Monitoring and Alarming Systems
  • DIY Security Cameras
  • Others

By Sales Channel:

  • E-Commerce/Online
  • Organized Retailers

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa

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Companies Covered in This Report

  • Samsung Electronics
  • Piper (Icontrol Networks, Inc.)
  • SImpliSafe, Inc.
  • abode systems, inc.
  • Nest Labs
  • Frontpoint Security Solutions
  • Protect America, Inc.
  • LifeShield LLC
  • GetSafe
  • iSmart Alarm, Inc.
  • Others

Frequently Asked Questions

In 2022, the market value DIY home security solutions were US$ 11,221.1 Mn.

The global DIY home security solutions market is estimated to advance at 9.7% CAGR through the forecast period.

The market for DIY home security solutions is forecasted to climb to US$ 30,707.1 Mn by 2033 end.

Demand for DIY home security solutions market in India is projected to rise at a CAGR of 15.3% over the forecast period.

In 2022, the North America DIY home security solutions market held a dominant market share of 25.9%.

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