GITNUX MARKETDATA REPORT 2024

Home Security Industry Statistics [Fresh Research]

Statistic 1

"The United States has the largest home security market, valued at about 15.33 billion U.S. dollars."

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Statistic 2

"By 2023, the number of smart homes is expected to increase by nearly 300%, from 122 million to 481.5 million."

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Statistic 3

"U.S. consumers spent almost 50 billion U.S. dollars on home security and monitoring systems in 2020."

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Statistic 4

"38% of Americans own a home security product."

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Statistic 5

"Homes without security systems are 300% more likely to be burglarized."

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Statistic 6

"Wireless infrastructure holds 63% of the home security system market share."

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Statistic 7

"The value of the smart home market worldwide is forecast to reach a value of more than 53 billion U.S. dollars by 2022."

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Statistic 8

"Market share of leading home security solution providers in the United States, as of 2019. ADT holds the largest market share, with 25%."

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Statistic 9

"North America accounted for the highest revenue in the home security systems market in 2020, 39.7% of the total market revenue."

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Statistic 10

"The home security system market’s total installation and activation cost is expected to reach $74 billion by 2025."

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