Parks Associates has produced a Residential Security Forecast for almost four decades as part of its ongoing reporting to understand, size, and segment the market for home automation and control systems. Parks Associates Forecasts use data from Parks Associates' consumer surveys for years 2012-2024 for penetration of home security systems in the US and leverages our years of expertise in this market to build these forecasts through 2029.
Security Segments
Service Revenues
Comparative Growth Rates
US Residential Security Forecast
In the recent past, the market for residential security solutions has undergone dramatic swings.
2016 – 2020, Market Expansion
2020 – 2022, Pandemic Reactions
2023 – 2024, Housing Slowdown
2025 Outlook and Beyond
