Home security industry statistics 2024

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The main objective of a home security system is to safeguard a residence and its occupants. These systems are equipped to detect a range of threats, such as smoke, fire, carbon monoxide, water damage and burglary. As interest in smart home technology increases, there are challenges that limit its broader adoption. Significant barriers include high costs associated with installation and ongoing maintenance, concerns about privacy and surveillance, and the risk of cybersecurity threats. Additionally, the lack of standardization across the industry can further limit market growth. The home security market itself is quite diverse, with a multitude of systems and vendors available. This fragmentation makes it challenging for homeowners to identify the most suitable system for their specific needs.

Key insights

In 2023, the global home security system market reached a value of about $56.2 billion.

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North America led market share in 2021, with the region generating over $21.3 billion.

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Between 2024 and 2029, the Asia-Pacific region is projected to experience the most rapid growth, outpacing both Europe and the U.S.

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At least 72% of U.S. homeowners have opted for some form of home security, according to current estimates.

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In 2023, approximately 39 million U.S. households were secured by alarm systems.

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Home security industry statistics

According to Acumen Research and Consulting, the home security industry can be classified by the type of system and the services it provides. There are five principal types of home security systems: fire protection, video surveillance, access control, entrance control and intruder alarm systems. Additionally, the industry offers several key services, including security system integration, remote monitoring, fire protection, video surveillance and access control.

  • In 2021, the North American market dominated the global home security system landscape, with over $21.3 billion in revenue. This is attributed to the region's rapid adoption of advanced technologies and homeowners’ increasing awareness of security solutions.
  • Globally, in 2021, independent homes accounted for more than 60% of the market share.
  • The video surveillance segment, often referred to as CCTV (closed-circuit television), captured over 40% of the worldwide market share in 2021.
  • It is projected that from 2022 to 2030, video surveillance systems will be the most lucrative segment of the market, offering benefits such as deterrence, remote monitoring, smart detection, integration and home automation.
  • Moreover, during the 2022 to 2030 forecast period, security system integration services are expected to generate the highest revenue. This sector focuses on combining various security devices and systems into a cohesive and user-friendly platform, including the use of cameras, access controls and alarms.

Home security industry market size

In 2023, the global home security system market was valued at approximately $56.2 billion. It is expected to grow at a compound annual growth rate (CAGR) of 8.9%, reaching an estimated $92.8 billion by 2029. This projection is based on a 2024 report from Mordor Intelligence, which identifies several key factors driving this growth:

  • Integration of artificial intelligence (AI) and machine learning: Innovations in home security are being driven by the integration of AI and machine learning, enhancing the functionality of intelligent monitors and sensors within the Internet of Things (IoT). Coupled with rapid advancements in networking solutions, significant improvement to the performance and capabilities of home security services is making them increasingly attractive to consumers.
  • Rise of smart homes: The growing adoption of smart home technology is boosting demand for home security systems, which are now considered crucial components of modern smart home ecosystems.
  • Impact of the COVID-19 pandemic: The home automation market has seen significant growth, a trend that was accelerated by the COVID-19 pandemic and subsequent lockdown measures. Further fueling market expansion, these circumstances have led individuals to spend more time at home and prioritize home security.

Market growth by region

From 2024 to 2029, the Asia-Pacific region is anticipated to be the fastest-growing market for home security systems, outpacing both the U.S. and Europe, which are expected to see moderate growth. Mordor Intelligence attributes the robust expansion in Asia-Pacific to several factors, including the following:

  • China's expanding security sector: In recent years, China has significantly expanded its security industry. For example, surveillance cameras have become ubiquitous across the country. This also reflects China’s status as the world's fastest-growing market for consumer goods and services.
  • India's rising demand for smart home security: As concerns over personal safety increase in India, the market for smart home security cameras is growing. This acceleration is also driven by a broader adoption of smart home technologies, with safety being the primary concern for consumers in India seeking smart home solutions.
  • Innovation in smart locks: Japan, in particular, is seeing significant developments in smart locks, contributing to market growth. The country has a well-established base of smart security households, indicating a large market for such innovations.
  • High crime rates in some Southeast Asian countries: Indonesia, Vietnam and Malaysia are experiencing high rates of theft and burglary, spurring demand for home security systems. Additionally, rapid urbanization and increased investments in smart homes are catalyzing market growth in these countries.

How many homes have security systems?

Home security systems are gaining popularity in the U.S., with over 72% of homeowners having adopted some form of security measures. Of these, approximately 43% had their systems installed by professionals, whereas the remainder opted to install systems themselves.

Research from SafeHome.org highlights the most commonly used security devices among U.S. homeowners. The percentage of people utilizing a home security device employed the following:

  • Video surveillance: 42%
  • Video doorbells: 37%
  • Alarm systems: 32%
  • Access control systems: 11%

In 2023, around 39 million U.S. households were safeguarded by alarm systems. Projections for 2024 suggest that an additional 13 million households are expected to install new alarm systems, indicating a growing trend in home security adoption.

How many home alarm service businesses are there?

In the U.S., the security alarm services market is highly fragmented, with a diverse range of companies rather than a concentration among a few major players. In 2023, the industry consisted of 57,238 businesses, marking a 4.6% decrease from the previous year.

According to the latest report from IBISWorld, the states with the highest number of security alarm services businesses are as follows:

  • California: 9,504
  • Florida: 8,267
  • Texas: 6,978


Worldwide, what is the most popular type of home security system?

In 2021, the video surveillance system was the most popular type, capturing over 40% of the global market share.

What are the most popular security devices among U.S. homeowners?

The most popular security devices are video surveillance devices (42%), followed by video doorbells (37%) and alarm systems (32%).

How many security alarm service businesses are estimated to be in the U.S.?

In 2023, the security alarm services industry in the U.S. was comprised of 57,238 businesses.

What percentage of U.S. homeowners have their home security systems installed by a professional?

According to recent figures, it is estimated that 43% of homeowners opted for professional installation of their home security systems.


  1. “Home Security System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029).” Mordor Intelligence. Evaluated May 2, 2024.Link Here
  2. “Home Security System Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030.” Acumen Research and Consulting. Evaluated May 3, 2024.Link Here
  3. Gabriele, R. “2023 Home Security Statistics.” SafeHome.org. Evaluated May 3, 2024.Link Here
  4. “Security Alarm Services in the US - Number of Businesses.” IBISWorld. Evaluated May 4, 2024.Link Here