Home security is a growing global
market due to the need for safety and increasing crime rates in different parts
of the world. The electronic security equipments market foresees tremendous
growth potential in the upcoming years due to the growing demand for home
security solutions. Security solutions in the residential sector is
experiencing significant growth since the past few years due to the adoption of
electronic security solutions and the increasing rates of burglary, and
attractive insurance policies to residents for installing the security
systems.
Despite the numerous advantages
offered by home security systems, lack of awareness about technological
encroachments and a higher cost of security solutions are some important
factors that are posing a challenge to the growth of the home security system
solutions market. Governments and major players are taking initiatives to
enhance awareness levels among consumers and achieve better co-operation among
solution providers. Rise in the awareness levels among consumers and increased
adoption of new technology for home security will gradually result in cost
reduction of the solution, thus driving the market for home security
solutions.
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The global home security solutions
market is categorized based on technology segments such as communication
technologies, wired technology, wireless technology, and sensing technology.
The product segments of this market include electronic locks, panic buttons,
security cameras, sensors, and alarms among others. Amongst the product
segments, electronic locks and security sensors are the most popular and widely
used segments
Some of the major players in this
market include Bosch Security Systems Inc., Tyco International Ltd., and
Honeywell International Inc. Other important players in the home security
systems market are Control4 Corp., GE Security Inc., Alarm.com Inc., Icontrol
Networks Inc., Home Automation Inc., AMX Corp., and Siemens Building
Technologies AG.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
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This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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