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MarkNtel Asia-Pacific Home Security Market Analysis, 2020
MarkNtel Asia-Pacific Home Security Market Analysis, 2020
Introduction
02
About Us, Key Questions Answered In This Study
Table of Content 05
Market Segmentation, Scope of Work
Sample Pages 21
Asia-Pacific Home Security Market Analysis, 2020
Commercials 45
Disclaimer 47
Introduction
02
About Us, Key Questions Answered In This Study
Table of Content 05
Market Segmentation, Scope Of Work
Sample Pages 21
Asia-Pacific Home Security Market Analysis, 2020
Commercials 45
Disclaimer 47
CAGR
CAGR
2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F
• The Asia-Pacific home security market is burgeoning over the past couple of years due to the construction of smart cities, high rise
residential towers and rapid migration towards urban areas. The home security solutions such as video surveillance, fire protection
system, etc. find applications in corridors, stairs, parking lots in residential units of smart cities. With the increasing construction of smart
cities in countries such as China, Singapore, India, etc. the demand for home security solutions would surge considerably through 2025.
• The outbreak of COVID-19 has generated the situation of lockdown in several countries that deferred the construction of residential units
and impacted the supply of raw materials, thus the demand for security solutions is declined in 2020. However, the surveillance cameras
have deployed outside the homes in China to monitor the home quarantine individuals. Thereby, projected that the home security market
would experience slow growth over the next few years.
2019 2025F
Solution Services
*These are dummy charts and do not represent actual value Source: MarkNtel Advisors
• Solution: This segment dominated the Asia-Pacific home security market over the past few years. The rising penetration of mobile
technology coupled with increasing demand for the Internet of Things (IoT) is augmenting the adoption of smart security solutions that
can enable individuals to monitor home through smartphones at remote locations. Furthermore, the increasing trend of smart homes in
the region is surging the demand for smart home security solutions over the past couple of years. These are among the key reasons that
supposed to mount the market share of the solution segment in the Asia-Pacific.
• The technological advancement such as face recognition, machine, and deep learning, etc. facilitates accuracy and more reliability in home
security solutions, encouraging the end-users to utilize such advanced solutions for their home. Hence anticipated that the solution
segment would rise in the coming years.
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
*These are dummy charts and do not represent actual value Source: MarkNtel Advisors
• Apartments & Condominiums: This segment is projected to grow at a significant growth rate during the forecast years 2020-25 owing to
several factors such as:
o The shifting individuals' preference towards apartments, integrated with security amenities within affordable prices. Moreover, the
rising number of condominium units and apartments coupled with increasing urbanization are surging the requirement for
security solutions in the Asia-Pacific. These are some reasons that support the segment to escalate over the past few years.
o The surging disposable income is influencing the individuals to live a lavish life, thus driving the demand for apartments and
condominiums in the region, which in turn, the adoption of security solutions is rising in such units.
2019 2025F
*These are dummy charts and do not represent actual value Source: MarkNtel Advisors
• Do-It-Yourself (DIY) Systems: The penetration of home security solutions in countries like India is low owing to the high price associated
with such solutions. The installation of DIY systems at affordable cost is anticipated to lure more customers for the DIY system, hence,
anticipated that the segment would flourish by 2025. Moreover, DIY system does not comprise any recurring cost due to the elimination of
contracts with professionals and it is more suitable for individuals staying at rented homes. With the increasing demand for rented homes,
the sale of the DIY system is supposed to rise in the region.
• Professionally Installed & Monitored System: This segment is rising over the past few years due to increasing customer concern about
real-time monitoring and consistent security. Moreover, the professional managed security solutions help the end-user to save time and
efforts as well as support in the maintenance and engineering of such products.
CAGR
Regions 2019 2025F
(2020-25)
South Korea
China India XX% XX% XX%
Japan
CAGR
CAGR
2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F
• China is among the major countries that contribute to the positive growth of the Asia-Pacific home security market over the past couple of
years. This is attributed to several factors such as:
o The reducing prices of security products coupled with growing awareness about the availability of a wide range of home security
solution and their benefits amid individuals are encouraging them to adopt such solutions for their home.
o The mushrooming demand for intruder alarm, and surveillance camera in the country to prevent the entry of unauthorized
individuals at home also supporting the China market to grow.
o The rising demand for smart security solutions from Guangdong, Shanghai, and Beijing is supporting the China market to mount
over the past couple of years.
2019 2025F
Solution Services
*These are dummy charts and do not represent actual value Source: MarkNtel Advisors
• Services: This segment comprises services such as integration, consultation, maintenance, monitoring, etc. The increasing adoption of
home security solutions in the country is generating the requirement for consultation and integration services over the past few years.
• The dearth of awareness about smart home security solutions is anticipated to drive the demand for consulting services which in turn the
would escalate the market revenues.
• The rising demand for continuous monitoring services to decline the risk of theft, burglary, and crime in the country is anticipated to
increase the market revenue of the service segment by 2025.
• The modification of smart security software is driving the requirement for up-gradation services in China, this has been propelling the
service segment over the past couple of years.
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
*These are dummy charts and do not represent actual value Source: MarkNtel Advisors
CAGR
Application 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025F
(2020-25)
Independent
XX XX XX XX XX XX XX XX XX XX XX XX%
Homes
Apartments &
XX XX XX XX XX XX XX XX XX XX XX XX%
Condominiums
2019 2025F
*These are dummy charts and do not represent actual value Source: MarkNtel Advisors
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