Home security is a growing
global market due to the need for safety and increasing crime rates in
different parts of the world. The electronic security equipments market
foresees tremendous growth potential in the upcoming years due to the growing
demand for home security solutions. Security solutions in the residential
sector is experiencing significant growth since the past few years due to the
adoption of electronic security solutions and the increasing rates of burglary,
and attractive insurance policies to residents for installing the security
systems.
Despite the numerous
advantages offered by home security systems, lack of awareness about
technological encroachments and a higher cost of security solutions are some
important factors that are posing a challenge to the growth of the home
security system solutions market. Governments and major players are taking initiatives
to enhance awareness levels among consumers and achieve better co-operation
among solution providers. Rise in the awareness levels among consumers and
increased adoption of new technology for home security will gradually result in
cost reduction of the solution, thus driving the market for home security
solutions.
The global home security
solutions market is categorized based on technology segments such as
communication technologies, wired technology, wireless technology, and sensing
technology. The product segments of this market include electronic locks, panic
buttons, security cameras, sensors, and alarms among others. Amongst the
product segments, electronic locks and security sensors are the most popular
and widely used segments.
Some of the major players
in this market include Bosch Security Systems Inc., Tyco International Ltd.,
and Honeywell International Inc. Other important players in the home security
systems market are Control4 Corp., GE Security Inc., Alarm.com Inc., Icontrol
Networks Inc., Home Automation Inc., AMX Corp., and Siemens Building
Technologies AG.
This research report
analyzes this market depending on its market segments, major geographies, and
current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides
comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This report is a complete
study of current trends in the market, industry growth drivers, and restraints.
It provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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