Home Control and Security Systems Market Insights Video

According to Cognitive Market Research, the global home control and security systems market size was USD 56142.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.00% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 22457.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 16842.75 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 12912.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 2807.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1122.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.
• The independent homes held the highest home control and security systems market revenue share in 2024.