Wednesday, July 22, 2020

KSA Online Grocery Delivery Market Outlook to 2025: Ken Research

The report titled “KSA Online Grocery Delivery Market Outlook to 2025- Driven by Changing Shopping Habits of Consumers and Regional Expansion of Local & International Players in the Kingdom" provides a comprehensive analysis of Online Grocery Delivery Market in KSA. The report covers various aspects including the current online grocery delivery scenario in the Kingdom, need & opportunities describing the target addressable market, addressable gap in the market, and possible solutions.
It also covers current supply and demand in the region, detailed working of the marketplace and omnichannel operating model, trends, developments, challenges, seasonality trends, current & upcoming technologies facilitating online grocery delivery industry, revenue streams and marketing strategies driving the industry.  It also provides a detailed analysis on the impact of COVID-19 on the market. It gives a detailed explanation of competitive scenarios including cross-comparison between major players, SWOT, and detailed company profiles of major players and concluding with future scope and analyst recommendations.
Market Overview and Demand- Supply Scenario
KSA Online Grocery Delivery service gained traction among consumers as it allows customers to avoid the hassle of crowds, payment & parking queues and offers convenience as one doesn’t need to be at home to pick up the order. Major grocery delivery companies entered the market between 2016 and 2018.
Smartphone users aged between 25 and 44, is considered an influential customer base for online grocery shopping. The industry is currently positioned in a growth stage registering a double-digit growth rate close to 44% between 2017 and 2019.
Changing consumer preferences, high smartphone penetration and regional expansion of local and international players led to growth of online grocery services in the Kingdom.  Companies have expanded their product portfolios from food & beverages to household supplies, baby food, fresh food, fish & meat and other product categories.
Demand by Region (Central, Western, Eastern, Southern and Northern)
Central and Western Saudi Arabia mapped as major regions based on demand of online grocery services in the Kingdom. Riyadh, Makkah, Medina mapped as major cities on the basis of demand for online grocery services in Central and Western Region. This was followed by demand in Eastern, Southern and Northern Regions.  Dammam, Asir and Ha'il considered as evolving regions in terms of demand and supply for online grocery services.
Demand by Product Category (Food & Beverages, Fresh Food, Household Supplies, Beauty and Health and Others)
Food & Beverages mapped as most demanded product category among the customers in the Kingdom. This was followed by fresh food, household supplies, beauty and health and other product categories. Most demanded products have been packaged food, canned food, water, bakery items, cleaning products and baby food.
Demand by Mode of Payment (Cash on Delivery, Pre-Delivery Online Payment and Card on Delivery)
Cash is the most preferred mode of payment as customers are skeptical for security of their financial details. They believe their bank details are not secure if they use online mode of payment. This was followed by pre delivery online payment and card on delivery.
Demand by Delivery (In a Specific Time Period (Same Day or Next Day), Express Delivery (30 minutes-2 hours) and other (2-3 Days or More))
Customers prefer their orders to be fulfilled within the specific time slot promised by the online grocery service provider. Large order size often takes more preparation time thereby leading to delay in deliveries. Companies charge between SAR 10-20 for delivering groceries to the customer.
Competitive Landscape
The industry is concentrated with presence of 8-10 players operating across marketplace omnichannel model. Delivery Cost, Delivery Time, App Interface, Discounts & Offers, Return Policy, Ease of Payment have been major factors influencing customer behavior. Major players include Nana Direct, Zad, Carrefour, Danube and Qareeb.com. Companies with large product assortment, wide regional presence and express delivery are identified as clear leaders in the industry.
Impact of COVID-19
Due to COVID-19 Outbreak, people avoided crowded places and turned to online grocery shopping amid escalating fears.  Major Product Categories witnessed growth between 25-35% during the pandemic such as water, personal hygiene, home cleaning, fruits & vegetables. Companies who delivered in one to two day had a waiting period of one to two weeks.
Future Outlook and Projection
The demand is expected to grow with a CAGR of 23% on the basis of GMV between 2019 and 2025. Companies are anticipated to focus on offering personalized shopping experience to the customer. The demand is expected to be driven by upcoming technologies such as Drone Delivery, Warehouse Automation, Voice Ordering and others. Market consolidation is expected in future as players with heavy financial backing and better brand value will acquire small players.
Key Segments Covered: -
By Region
Central
Western
Eastern
Southern
Northern
By Product Category
Food & Beverages
Fresh Food
Household Supplies
Beauty and Health
Others
By Mode of Payment
Cash on Delivery
Pre-Delivery Online Payment
Card on Delivery
By Delivery
In a Specific Time Period (Same Day or Next Day)
Express Delivery (30 minutes-2 hours)
Other (2-3 Days or More)
By Age Group
18-24 years
25-34 years
35-44 years
 45+ years
By Gender
Male
Gender
Companies Covered
Nana Direct
Zadfresh
Carrefour
Danube
Qareeb.com
Key Target Audience
Online Grocery Delivery Companies
Supermarkets & Hypermarkets
E-commerce Companies
Food Delivery Companies
Investors and Venture Capitalists
Logistics Companies
Government Organization catering to the FMCG Industry
Time Period Captured in the Report: -
Historical Period: 2017–2019
Forecast Period: 2020-2025
Key Topics Covered in the Report: -
Difference between Online & Offline Grocery Shopping. Why Online Grocery is the Way Forward?
Target Addressable Audience
Supply Ecosystem and Competition Parameters
Demand Scenario, Target Customer and Factor Influencing Consumer Behavior
Process of On Boarding a Grocery Store
Role & Responsibilities of Company and Partner Grocery Store
Gaps & Possible Solutions of Managing Logistics
Factors Influencing Customer Behavior
Seasonality Trends
Features of a Grocery Delivery Application
Technologies Facilitating Online Grocery Delivery Industry
Upcoming Technologies in Online Grocery Delivery Industry
Future Market Trends and Way Forward
Marketing Strategies
Industry Best Practices
Covid-19 Impact on KSA Online Grocery Delivery Market
Analyst Recommendations
For More Information on the Research Report, refer to below links: -
Related Reports by Ken Research: -
Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Location: Saudi Arabia

Growth In Scenario Of Global Fluorochemicals Market Outlook: Ken Research


The Fluorochemicals are introduced by the fluorite mineral as raw material and more fluorochemicals can be introduced from fluosilicic acid. The market is predicted to witness growth due to the several aspects such as increase in the demand for the refrigerators and cooling systems in the industrial and domestic segments. This is attributed to transformations in the lifestyle and growth in refrigeration requirement for the expediency food products storage.

According to the report analysis, ‘Fluorochemicals Market by Type (Fluorocarbons, Fluoroelastomers, Fluoropolymers, Inorganics, and Others), Application (Surfactants, Propellants, Aluminum Production, Refrigerant, Automobile, Agrochemicals, and Others), and End-Use (Electrical & Electronics, Petrochemicals, Chemicals, Aerospace, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026’ states that in the fluorochemicals market there are several companies which presently operating more actively for leading the highest market growth and registering the handsome value of market share around the globe during the review period while advancing the applications, specification and productivity of the such chemicals, spreading the awareness related to the flurorchemicals, decreasing the linked prices, delivering the better consumer satisfaction, employing the young workforce, accepting the profit making strategies and providing the effective services includes Arkema S.A., Daikin Industries, Ltd., DuPont, Dongyue Group Co., Ltd., Halocarbon Products Corporation., Honeywell International, Inc., Kureha Corporation, Pelchem SOC Ltd., Solvay SA, and The 3M Company and several others.

The foremost players are implementing the several strategies such as product launch, acquisition, collaboration, partnership, product development, agreement, and business enlargement, to stay competitive in the market.

In addition, according to our study, on the worldwide commercial refrigeration market, it is predicted to reach USD 37.4 billion by 2026. The aspects that are predicted to restrict the growth of the market are great production cost and increase in the stringent environmental regulations on the usage of the fluorochemicals as it is one of the chemicals accountable for the ozone depletion.

The fluorochemicals market is predicted to observe the considerable growth due to factors such as surge in the requirement from automobile and commercial refrigeration industry. Whereas, the commercial refrigeration industry has observed the note worthy growth unambiguously in the under developed regions such as China, Brazil, Africa, and India. This is accredited to increase in the disposable income. However, the augment in the stringent environment regulations on the fluorocarbons is predicted to hamper the fluorochemicals market growth. For instance, the environmental problems linked with the hydro fluorocarbons have been one of the prominent aspects that restricts the market growth. On the contrary, the foremost growth in the aluminum production activities in Asia-Pacific region is projected to offer lucrative growth opportunities throughout the forecast duration.

In addition, the China’s is one of the momentous players in aluminum market. This is accredited to the collaboration of the government and several other industries for the advancement of advance technologies that supports to decrease the processed waste and diminution production cost, thereby influencing the requirement for the aluminum fluoride.Therefore, in the near years, it is predicted that the market of fluorochemical will increase around the globe more effectively over the forthcoming years.

For More Information, refer to below link:-
Global Fluorochemicals Market

Related Report:-
Global Fluorochemicals Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Growth In Landscape Of Global Professional Hair Care Market Outlook: Ken Research

The professional hair care market involves the hair grooming products that are functional to hair to obtain a stylish hairstyle and favorite look. The professional hair care market involves the premium and salon-based products that are organic and paraben-free and guarantee the damage-free hair with a vigorous scalp. In addition, recently, modern hairstyles have become the expressions of customers’ attitudes, personalities, and their fashion predilections. This is attributable to the augment in the celebrity stimulus as well as the determined self-consciousness concerned facial appearance mostly amongst the young populace. This fact propels the growth of the professional haircare market.
According to the report analysis, ‘Professional Hair Care Market by Product Type (Hair Coloring, Shampoos, Styling Agents, and Straightening & Perming Agent) and Distribution Channel (Hypermarkets/Retail Chain, E-commerce, Salons, Pharmacy, Specialty Stores, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026’ states that in the worldwide professional haircare market there are several corporates which recently performing more significantly for leading the fastest market growth and registering the handsome value of market share around the globe during the forecast duration while decreasing the linked price, spreading the awareness related to the professional hair care products, delivering better consumer satisfaction, implementing the profitable strategies, analyzing and studying the competitor’s strategies, increasing the applications and productivity of the professional hair care products and employing the young workforce includes L'Oreal SA, Henkel Corporation, Procter & Gamble Co., Unilever Corporation, Kao Corporation, Aveda Corporation (Estee Lauder), Avon Products Inc., Revlon Inc., Toni & Guy, and Shiseido Company, Limited, and several others.
In addition, the worldwide professional haircare market the size was worth at USD 18,072.9 million in 2017 and is predicted to reach USD 26,242.7 million by 2026, dominating a CAGR of 4.6% from 2019 to 2026. Whereas, the growth of the global professional hair care market is proficiently propelled by the fluctuation in hairstyle trends, speedy augment in disposable income, the populace growth, and increment in air pollution around the world. Not only has this, but the significant increase in the utilization of professional haircare products in developed regions and growth in the implementation of the organic ingredients are also projected to generate a lot of opportunities for the hair coloring products, and shampoo producers to generate a mass consumer base. However, the great cost of such premium and professional products, and contribution of the hazardous chemicals to soften hair restrict the growth of the worldwide professional hair care market.
Furthermore, the professional hair care is utilized to handle the dissimilar hair issues such as hair fall, split ends, dandruff, frizzy hair, and dry or itchy scalp by nurturing the hair & scalp. The professional hair care has a wide variety of products involving shampoo, hair wax & hair conditioner, straightening & perming products, hair colorants, hair gel, and many others. Moreover, such professional hair care products are accessible in dissimilar forms to satisfy customer requirements. For instance, the volumizing shampoo, oily hair shampoo, colored hair shampoo are some of the alternatives of shampoos that are expressed to deliver the solution to dissimilar hair problems. Thus, this in turn propels the growth of the market. Therefore, in the upcoming future, it is predicted that the market of professional hair care will increase around the globe more proficiently over the forthcoming years.
For More Information on the Research Report, refer to below links: -
Related Reports: –
Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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Location: India

India Water Purifier Market, India RO Purifier Market, India UV Purifier Market: Ken Research


How India Water Purifier Market Is Is Positioned?
Overview: India Water Purifier Market comprises of both organized and unorganized players. The unorganized players contributes majority of the share in the volume whereas organized players contributes for majority of the revenues. Currently the penetration for water purifier is quite low in India especially in the rural areas. Consumers consider it as a luxury product rather than a necessity product. However, the perception has started to change in the recent years due to the marketing initiative of the companies. Water quality is deteriorating in many places due to which the consumers over there are adapting to the usage of water purifiers. The companies are focusing on the technological developments in order to increase their market presence.

Market: The water purifier market witnessed a growth of CAGR ~% during FY’2014-FY’2020 in terms of volume. The revenue CAGR during the period was ~%. The market is witnessing strong growth. New companies entered in the market which brought down the average selling prices however the decline stagnated later. This will help the organized players in competing with the unorganized players. The players are focusing on increasing their retail presence and service partners for increasing their reach and after sales service. The unorganized players compete on the basis low prices and low AMCs for maintain their position in the market.

India Water Purifier Market Segmentation
By Market Structure: The water purifier market in India is dominated by organized market in terms of revenue. However in terms of volume the unorganized market has more revenues.

By Sales Channel: The major sales channels used in market are Offline Retail Channel, Direct Sales Channel and Online Channel. Offline retail channel contributed majority of the revenues.

By Technology: RO Water Purifiers contributed the most of the revenues in the market followed by UV Water Purifiers and Gravity Water Purifiers respectively.  Gravity was leader in terms of Volume Sales.

By End Users: Residential users contributed the majority of the revenues in the market.

By Region:  West was the biggest market. It is followed by North, South and East regions.

What are the Major Issues and Challenges in the Water Purifier Market in India?
Low Awareness: Consumers mostly consider water purifiers as a luxury product rather than a necessity product as they are not aware about the different type of diseases caused by drinking poor quality water.

Preference of Alternatives: A large part of population still uses traditional method such as filtering with cloth and boiling for purifying water. Another major portion of population relies on Bottled Water Jars for their drinking water needs.

High Maintenance Charges: Consumers feel that the company charges extra premium from them on service of water purifiers. Therefore the customers do not follow the scheduled service periods or uses local service providers.

Lack of Proper Distribution Channel: Water purifiers have low penetration especially in the rural areas. There is lack of retail outlets in the rural areas. These areas also do not get proper after sales service. This has motivated the customers.

What are the Major Government Rules and Regulations?
The Bureau of Standards India has issued IS 10500:2012 which specifies the norms to be followed for drinking water in India. It mentions the permissible residual limit and other quality norms.

The Bureau has also issued IS 16240: 2015 for Reverse Osmosis Water Purifiers, IS 14724: 1999 for Ultra Violet Disinfection Water Purifiers and IS 7402:2011 for Ceramic Candle specifications.

In 2019, the National Green Tribunal ordered the Ministry of Environment, Forest and Climate Change to ban usage of RO water purifiers in areas having TDS level below 500 milligrams per liter.

Competitive Scenario in the India Water Purifier Market
The competition in the India water purifier market is slightly concentrated as the top three players holds ~% market on the basis of retail revenues as of FY’2019. The unorganized market had a retail revenue contribution of ~% in the year. The companies compete on the parameters such as Brand Image, Price, Serviceability, AMCs, Technological Advancements and others. The Major players present in the market are Eureka Forbes Ltd, Kent RO Systems Ltd, Livpure (Hindustan Unilever) and others.

India Water Purifier Market Future Outlook and Projections
The water purifier market of India is expected to witness decent double digit growth in terms of volume in the future period. The revenue growth will decline a little. This will happen as the organized companies will focus more on profitability. The unorganized market will focus on competing on low prices, low AMCs and personalized services.  The major penetration will happen in rural areas. As these areas are electrified and their income level is increasing, the consumers from here will facilitate the next wave of demand. The companies need to strengthen their retail presence and service centers in these areas in order to encash this opportunity. The market is expected to witness a CAGR of ~% during FY’2020-FY’2025F in terms of revenue and ~% in terms of volume.

Key Segments Covered:-
By Market Structure
Organized
Unorganized

By Sales Channel
Offline Retail
Direct Sales
Online

By Technology
RO Water Purifier
UV Water Purifier
Gravity Water Purifier

By End Users
Residential
Industrial
Commercial

By Region
West
North
South
East

Companies Covered:-
Eureka Forbes Ltd
Kent RO Systems
Livpure
Pureit(HUL)
BlueStar
LG Electronics
Tata Swach

Key Target Audience:-
Water Purifier Manufacturers
Consumer Appliance Companies
Water Purifier OEMs/Assemblers
Water Purifier Importers/Exporters
Modern Trade Chains
Consultancy Companies

Time Period Captured in the Report:-
Historical Period – FY’2014FY’-2020
Forecast Period –FY’2021F-FY’2025F

For More Information, refer to below link:-
India Water Purifier Market

Related Reports:-
Global Water Purifiers Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025

Global Faucet Water Purifier Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Changing Dynamics Of Global Telecom Analytics Market Outlook: Ken Research

Telecom analytics incorporates refined business intelligence technologies that are considered to meet the complex necessities of telecom organizations. These involve an increase in sales, decreasing churn and fraud, advancing risk management, and deducting operational costs. In addition, the telecom analytics streamlines telecom analytics procedures and depletes the costs by advancing the response as well as closure times.
According to the report analysis, ‘Telecom Analytics Market by Component (Solution and Service), Deployment (Cloud and On-premise), Organization Size (Large Enterprises and Small & Medium Sized Enterprises), and Application (Customer Management, Network Management, Sales & Marketing Management, Risk & Compliance Management, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026’ states that in the worldwide telecom analytics market there are numerous corporates which presently working more actively for leading the highest market growth and registering the handsome value of market share around the globe in the upcoming years while delivering the better consumer satisfaction, decreasing the associated price, advancing the features and applications of the telecom analytics, employing the young workforce, studying the policies and strategies of the competitors and implementing the strategies of generating a high amount of revenue includes SAP SE, Oracle, SAS Institute, Teradata, Tibco, Adobe, Cisco, IBM, Tableau, Sisense and several others.
In addition, the requirement to decrease the customer churn and augment in customer satisfaction, growth in the requirement to automate workflow and streamline telecom analytics functions, augment in the demand for fraud detection owing to the network attacks, surge in implementation of the customer-centric strategies, as well as augmentin awareness, concerned the features of telecom, analytics are the several aspects that propel the growth of the telecom analytics market. However, a shortage of awareness concerning telecom analytics solution is projected to restrict the telecom analytics market growth. On the contrary, the integration of fresh technologies such as machine learning and AI in telecom analytics is predicted to deliver the lucrative opportunities for market growth in the upcoming years.
In addition, the artificial intelligence (AI) and machine learning technologies have made large strides in the telecom segment. The evolving ecosystem of the worldwide telecom industry is progressively prone to business perils that widely fall under issues connected to model overhaul, regulations, and confidentiality. The telecom analytics have come to occupy a noteworthy position in business intelligence for contesting great numbers of these challenges. The increasing deployment of telecom analytics to decrease the churn and advance customer loyalty is a key aspect propelling the telecom analytics market. Telecom analytics also controls potential in formulating strategies concerned to cross-sell and up-sell products and service plans, thus supporting corporates in the segment to extract the worth from network assets. Not only has this, but telecom analytics are also being leveraged to build better investor relations and discover fresh routes of revolution.
Additionally, the increasing usage of descriptive and diagnostic analytics to enhance business functions is a foremost aspect bolstering the enlargement of the market. Increasing the instances of online data leaks and increasing perils of network assets are catalyzing the requirement for the telecom analytics solutions and services. Therefore, in the coming years, it is predicted that the market of telecom analytics will increase around the globe more proficiently over the upcoming future.
For More Information on the Research Report, refer to below links: -
Related Reports: –
Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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Location: India

Wide Ranging Advancements In Global Automotive Backup Camera Market Outlook: Ken Research


The backup cameras in a vehicle are effectively utilized to deliver a clear picture of the rear side of the vehicle and are beneficial in decreasing the accidents that can occur throughout the reversal of the vehicle. Since a greater amount of accidents take place throughout the reversal of the vehicle followed by the amount of deaths and impairment to the infrastructure, the backup camera for vehicles has obtained popularity around the globe. Also the backup cameras can deliver the vision of the blind spot at the rear side of the vehicle, which has also complemented the automotive backup camera growth. In addition, they deliver the mirror image of the rear side object, which is supportive in deduction of accidents throughout the reversal of the vehicle. Also, the government regulations around the worldwide has made backup camera to be compulsorily installed in the vehicle, which has complemented the growth of automotive backup camera around the globe.

According to the report analysis, ‘Automotive Backup Camera Market by Position (Surface Mounted, Flush Mounted and License Mounted), Vehicle Type (Passenger Vehicle and Commercial Vehicle) and Sales Channel (Original Equipment Manufacturers (OEMs) and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2019-2026’ states that in the Automotive Backup Camera market there are numerous companies which recently operating more actively for leading the fastest market growth and registering the handsome value of market share around the globe throughout the near years while spreading the awareness related to the automotive backup camera, decreasing the associated price, advancing the features and applications of the automotive backup camera, delivering the better consumer satisfaction, employing the young workforce, implementing the policies of generating high amount of revenue and studying the strategies of the competitor’s includes Aptiv PLC, Continental AG, Delphi Technologies, Magna International, OmniVision Technologies, Pyle, Robert Bosch GmbH, Stonkam AG, Valeo, Yada and several others.

Not only has this, the Backup cameras have a broader application in the tow trucks and large trailers which cover a greater location on the road while travelling and require assistance while parking and retreating the vehicle. Also, the backup camera are much more efficient and proficient as they support to decrease the accidents occurring owing to rear blind spots which are not observable to the driver while retrogressive the vehicle. Backup camera are connected in vehicle throughout the duration of producing or by aftermarket source and are placed at surface, flush or license plate of the vehicle thus delivering a better vision of the rear side of the vehicle to the driver.

Furthermore, the automotive backup cameras are projected to register a progressive growth throughout the forecast period owing to the augmented safety concern amongst the customers and the augmented trend of installing advanced driving system in vehicle. Also the government regulations propel the growth of the automotive backup camera market around the globe. Therefore, in the coming years, it is predicted that the market of automotive backup camera will increase around the globe more efficiently over the near decades.

For More Information, refer to below link:-
Global Automotive Backup Camera Market

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Tuesday, July 21, 2020

Increase in Incidence of Crime Rated Expected to Drive Global Home Security Systems Market: Ken Research


Home security systems have now appeared as a crucial part of the modern-day housing systems. The home-security systems further include a wide range of products, services and offerings which helps over a protection of residential spaces there by forming intrusive elements. The home security systems consists of working principle as securing the entry points such as doors & windows and other interior spacing and various valuables and essentials commodities. A typical home security system may further include the control panel, wired or wireless security cameras, interior & exterior motion sensors and high volume level sirens or the alarms. Considering to the fact that incidence of the crimes and mishaps in the residential complexes have been increased substantially, the demand for home security system is expected to get escalated to the new heights over the forecast period.

According to study, “Global Home Security Systems Market by Component, System Type, Product Offering, Home Type, and Region 2014-2025: Growth Opportunity and Business Strategy” the key companies operating in the global home security systems market are ABB Ltd, ADT, Allegion, AssaAbloy, Comcast, Control4, Front Point, Godrej & Boyce, Hangzhou Hikvision Digital Technology, Honeywell International Inc., Johnson Controls Inc., Legran, Nortek Security & Control, Robert Bosch GmbH, Schneider Electric SE, Secom, Stanley Convergent Security Solutions, United Technologies, Vivint and many others.

Based on component, home security systems market is segmented into software, hardware and service. Based on product, market is segmented into cameras, fire sprinklers & extinguishers, sensors, alarms, panic buttons, RFID, smart cards, biometrics, and electronic locks. Based on system type, market is segmented into self-installed & professionally monitored systems professionally installed & monitored systems and Do-It-Yourself (DIY) Systems. Based on type, market is segmented into intruder alarm solution, video surveillance solution, fire protection system, medical alert system, integrated security solution, intercom system, and access control & management solution. In addition, based on end-user, market is segmented into apartments, condominiums, and independent homes. These advanced technologies are expected to provide the substantial support to the home security market.

The home security systems market is driven by increase in criminal activities, followed by growth in advancement in smartphone-enabled remote monitoring technology and rise in awareness regarding home security systems. However, high initial installation cost of the systems may impact the market. Moreover, worldwide proliferation of “smart cities” initiative and implementation of artificial intelligence (AI) and deep learning in home security systems are key opportunities for market over the forecast.

Based on geography, home security systems market is segmented as North America, Asia-Pacific, Europe, and the rest of the world. The Asian-Pacific region dominates the global market owing to rapid development in the construction and real estate sector in the region. Whereas, the North-American and European regions are estimated to exhibit substantial growth rate due to presence of big players and rise in over the forecast period. In upcoming years, it is predicted that future of the market will be bright as a result of rise in need to ensure optimal security across residential spaces over the forecast period.

For More Information, refer to below link:-
Global Home Security Systems Market

Related Report:-
North America Smart Home Security & Safety Systems Market by Component, Product, Service, Application, and Country 2014-2025: Growth Opportunity and Business Strategy

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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