Security - Mozambique
Mozambique- The Security market in Mozambique is poised to witness remarkable growth in the coming years.
- According to projections, the revenue in this market is expected to reach US$9.3m in 2024.
- This indicates a substantial increase in the country's security sector.
- Moreover, the market is anticipated to showcase a promising annual growth rate of 16.24% between 2024 and 2028, resulting in a projected market volume of US$17.0m by 2028.
- This demonstrates the potential for significant expansion and development within the Security market in Mozambique.
- In line with the market growth, the number of active households in the Security market is expected to rise to 281.9k users by 2028.
- This signifies an increasing demand for security solutions among Mozambican households.
- Furthermore, household penetration is predicted to experience substantial growth, with a penetration rate of 1.8% in 2024 expected to reach 3.0% by 2028.
- This indicates a growing awareness and adoption of security measures among Mozambican households.
- The average revenue per installed Smart_Home currently stands at US$62.47, highlighting the value and importance placed on security systems withMozambique.
- In a global comparison, United States leads the way in terms of revenue generation in the Security market, with a staggering US$6.9bn projected for 2024.
- This showcases the significant market presence and dominance of the United States in this industry.
- Overall, the Security market in Mozambique is expected to experience substantial growth and development, driven by increasing revenue, household penetration, and market volume.
- This presents lucrative opportunities for businesses operating within this market segment in the country.
- Mozambique is experiencing a rise in demand for private security services due to increasing crime rates.
- Key regions:
- Asia,
- Japan,
- United Kingdom,
- Norway,
- Europe
The Smart Home market Security includes the sale of devices and services for networked access control and management for buildings and premises. This includes surveillance products (e.g. security cameras and related data storage and transmission services, motion sensors, programmable and remote control door locks) as well as equipment for risk monitoring (connected smoke detectors and humidity sensors).
Remote surveillance and emergency services from specialized security firms which are not related to smart home are not included.
In-Scope
- Digitally connected and controlled devices for burglar prevention and other security issues
- Motion sensors, door locks, security cameras (with or without face recognition)
- Surveillance services with connection to a broader smart home
- Hazard prevention devices like water, smoke or gas sensors
Out-Of-Scope
- Classical security devices without smart home connection
- B2B/C2C sales of any kind (e.g. to hotels or office buildings)
