Market Research Report
Residential Security Market - Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 - 2025
|Published by||Variant Market Research LLP||Product code||649269|
|Published||Content info||102 Pages
Delivery time: 2-3 business days
|Residential Security Market - Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 - 2025|
|Published: June 1, 2018||Content info: 102 Pages||
Global Residential Security Market is estimated to reach $77.94 billion by 2025; growing at a CAGR of 8.8% from 2017 to 2025. Residential security represents to security & safety of residential buildings & individuals. Residential security is an electronic system which mainly maintain the total security of consumer's residence, particularly when left home. In recent years, global residential security market observed substantial growth, due to the new advanced technologies like internet of things (IoT), coupled with many innovative residential security equipment. Global residential security market growth is further strengthened by the introduction of new security software solutions like smart apps & wireless locks for home safety.
Major factors driving the global residential security market are rapid growth in IoT, growing home burglary rates, and attractive insurance policies to residents for installation of security system. However, huge installment cost of security solutions may hamper the market growth. Furthermore, increasing crime rate and high usage of remote monitoring by tablets & smartphone would unfold with numerous growth opportunities in the forecasted year.
Major segments of the global residential security market are product, solution, residential type, and geography. Product segment comprises smart locks, security cameras, security alarms, sensors, and fire sprinklers & extinguishers. Solution contains access control & management, home integrated security, alert system, intercom system, audio-visual surveillance, and fire protection. Further, market is bifurcated by residential type into independent and apartment.
Geographically, the global residential security market is categorized into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Russia, Germany, France, Spain, Italy, and Rest of Europe. Asia-Pacific is segmented into China, India, Japan, Australia, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The major players competing in the market are Bosch Security Systems GmbH, Honeywell International Inc., Nortek Security and Control, Allegion Plc, United Technologies, Ingersoll-Rand plc, CONTROL4® CORPORATION, ADT LLC dba ADT Security Services, Godrej & Boyce Mfg. Co. Ltd., and Frontpoint Security Solutions, among others.
Residential Type Segments