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