Report: Value of Global Home Security Solutions to Reach $30B by 2022



The global home security solutions market is forecast to reach a value of $30.3 billion by 2022, according to a new market report published by Transparency Market Research. The market is estimated to expand at a compound annual growth rate (CAGR) of 18.0 percent during the forecast period from 2015 to 2022. Rising security needs among customers at homes, the emergence of managed security solutions as an affordable option, government initiatives, and attractive insurance policies are the key factors driving the growth of global home security solutions market, according to the report.

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