Market Research Report
Global Residential Security Market by Product, by Solution by Home Type Size and Forecast to 2014-2024
|Global Residential Security Market by Product, by Solution by Home Type Size and Forecast to 2014-2024|
Published: July 27, 2018
Blueweave Consulting & Research Private Limited
Content info: 203 Pages
Delivery time: 1-2 business days
Lucrative opportunities which firms a positive future of the global Residential security market include the introduction of predictive intelligence in Residential security solutions and growth in the do it yourself (DIY) security solutions. Emerging trends which promises a continuous growth of the global Residential security market comprises of rapid emergence of the wireless residential security which acts as a status trend in many developing regions. The future of the global Residential security market is predicted to be attractive with an increasing number of threats in the residential sector across the globe. As per the study, the market is estimated to reach above USD 67,588 million by 2024. On the account of substantial development in technologies, such as the Internet of Things (IoT), adoption of cloud based security technologies and rapid increase in demand for advanced security solutions, like alert systems and wireless locks, this market is gaining more traction.
Global Residential Security Market: Key Stakeholders
Global Residential Security Market: Research Methodology
Extensive secondary research was conducted using paid data sources including Bloomberg, Factiva, Capital IQ, OneSource, and Hoovers. Additionally, several publicly-available data sources were used including journals, statistics articles, and industry associations. These data sources were used to gather relevant information to develop an understanding of the global residential security market. The research was conducted covering desk research and primary research. Data sources used for primary research included online forums and blogs, CATI/CAWI, CAPI interviews, and video conferences. Additionally, interviews were conducted through connecting with various industry respondents including C-level executives, directors, divisional heads, regional heads, expert consultants, and independent consultants. The primary research was conducted to gain market insights from industry respondents and validate the gathered information through desk research.
Global Residential Security Market: Competitive Dynamics
The research states that the global Residential security market is highly competitive, with players developing new Residential security applications and smart security solutions. Some of the key players in the global Residential security ecosystem are Bosch Security Systems Inc, Honeywell Security Group, Alarm.Com, Allegion PLC, Ingersoll Rand, Nortek Security & Control LLC, United Technologies Corporation, Control4 Corporation, and Godrej & Boyce Mfg. Co. Ltd.