Published on : Dec 13, 2017
Albany, New York, December 13, 2017: As more and more people are getting aware of the importance of securing their houses by using the various home security products different companies are launching new home security products every day. In the present time, increasing rate of crime in most of the countries across the globe is driving the demand for advanced home security systems such as CCTV cameras and electronic alarm sensors, which as a result propelling the market growth of home security products and solutions. According to a recent analysis, the coming years will witness good growth potential in developing economies where there is limited penetration of home security products and solutions. Market Research Hub (MRH) has freshly broadcasted this useful study to its wide research database, which is titled as “Home Security Products and Solutions Market: Global Industry Analysis (2012–2016) and Forecast (2017–2025)”. This 294-page study presents the market size and Y-o-Y growth along with the absolute dollar opportunity and market attractiveness analysis of the technology and services segment and the market volume forecast by technology across the global as well as regional markets.
Firstly, the market introduction section briefly describes the global home security products and solutions market along with the market taxonomy and a value chain analysis. Few other sections of the report comprise an analysis of the relevance and impact of forecast factors, our forecast assumptions, an executive summary that encapsulates the global market overview, global market analysis, and key recommendation for market players.
Key Insights from the Report
Home security products are an integral part of any home security system. This report highlights important technology and services that are currently in huge demand. Home security solutions such as video surveillance, access management systems, and fire control systems help in monitoring traffic details in several countries. This is another factor driving the adoption of home security products and solutions with the latest features.
Rapid urbanization and advancements in technology have led to consumers relying on smartphones for most of their day-to-day activities. The need for better security systems that can be monitored through smartphones is also driving the growth of the market.
Manufacturers are catering to an increasing demand from consumers for these advanced security systems, which are gaining traction in the residential sector.
The report also throws light on the key market dynamics comprising the drivers, restraints, opportunities, and trends likely to influence the global home security products and solutions market across the different regional markets. Prime regions covered in this study include Europe, North America, Asia-Pacific, Latin America, Middle East and Africa.
North America will remain the most attractive regional market
The global market for home security products and solutions is estimated to be valued in excess of US$ 12 Bn by the end of 2025, owing to exponential growth in the countries in North America. The research also adds that the market in APAC is expected to represent incremental opportunity of US$ 1,630.0 Mn between 2017 and 2025 while the North America regional market will represent incremental opportunity of US$ 2204.3 Mn during the period of forecast.
Moving further, the study provides useful insights on the top players operating in the global home security products and solutions market including market share analysis, market structure, business and marketing strategies, and a SWOT analysis. Key players are Honeywell International Inc., Allegion PLC, ADT Corporation, Godrej and Boyce Mfg. Co. Ltd., Robert Bosch Gmbh, Zhejiang Dahua Technology Co., Ltd., Hangzhou Hikvision Digital Technology Co., Ltd., United Technologies Corporation, Secom Co., Ltd and Assa Abloy.
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