PUBLISHER: TechNavio | PRODUCT CODE: 1769492
PUBLISHER: TechNavio | PRODUCT CODE: 1769492
The residential and commercial security market is forecasted to grow by USD 47,793.1 mn during 2024-2029, accelerating at a CAGR of 7.3% during the forecast period. The report on the residential and commercial security market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising crime rates and security concerns, growing urbanization and smart infrastructure development, and increasing disposable income and insurance incentives.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 6.5% |
CAGR | 7.3% |
Incremental Value | $47,793.1 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's residential and commercial security market is segmented as below:
By Product
By Technology
By Type
By Geographical Landscape
This study identifies the ai and video analytics revolution as one of the prime reasons driving the residential and commercial security market growth during the next few years. Also, rise of cloud-based security systems and biometrics and access control upgrades will lead to sizable demand in the market.
The report on the residential and commercial security market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading residential and commercial security market vendors that include ADT Inc., Allegion Public Ltd. Co., Arlo Technologies Inc., ASSA ABLOY AB, Axis Communications AB, Dahua Technology Co. Ltd., Godrej and Boyce Manufacturing Co. Ltd., Hangzhou Hikvision Digital Technology Co. Ltd., Hangzhou Xiongmai Technology Co. Ltd, Honeywell International Inc., LG Electronics Inc., Panasonic i-PRO Sensing Solutions Co. Ltd., PRAMA HIKVISION INDIA PVT LTD, Robert Bosch GmbH, Sony Group Corp., Stanley Black and Decker Inc., Tyco International PLC, Vivint Inc., and Zicom Saas Pvt. Ltd.. Also, the residential and commercial security market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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