SECURITY SOLUTION SET TO BECOME A BILLION DOLLAR MARKET IN 2022 AND HERE’S WHY This Presentation is brought to you by: www.AlarmMastersCorp.com
Security Solution Set to Become a Billion Dollar Market in 2022 and Here's Why
With the growing public consciousness regarding the threat of theft, crimes and potential terrorist attack, there is no doubt that the demand for security solution has drastically increased
Year 2016 when the aggregate market value of the overall security solutions stood at a whopping
$200 billion worth!
As the demand for the smart security system rise to a skyrocketing level, the market is expected to boom for the years to come.
Security Solution Set to Become a Billion Dollar Market in 2022 and Here's Why
Recent studies shown that the security solution market will breach past the
$300 billion mark in the next five years. By 2022, more devices will be produced and will swarm the market to make up the
$372 billion overall market value.
Security Solution Set to Become a Billion Dollar Market in 2022 and Here's Why
The demand for the technology definitely helped the market to plot a rare milestone. But are you curious to know What are the driving forces that contributed to this steadfast growth?
Here are they‌
Security Solution Set to Become a Billion Dollar Market in 2022 and Here's Why
What are the driving forces that contributed to this steadfast growth?
FOCUS IN SECURITY • The growth of the security market has been due to people’s focus in security. • As offenses and crimes continue to steadily climb, people gave so much focus in security than before. • The biggest chunk is the rise in demand in residential areas. • Homeowners are threatened that is why they arm their houses with smart security solution.
Security Solution Set to Become a Billion Dollar Market in 2022 and Here's Why
What are the driving forces that contributed to this steadfast growth?
TECHNOLOGY DOES THE MAGIG! • Truly, the technological development helps the security solutions market made big leaps and bounds.
• Without the progress in the devices and equipment, the market would not be as attractive as what it enjoys now.
• Technology has reshaped the definition of the word “smart” for home securities.
Security Solution Set to Become a Billion Dollar Market in 2022 and Here's Why
What are the driving forces that contributed to this steadfast growth?
THE MILLENIALS • Since younger generation is taking over, the market has successfully targeted the millennials as their prime consumer.
• Mostly, young people are hooked in making their DIY home security solutions, where they can show their skills and style.
• The participation of people under age 40 contributes to the surprising growth of the industry.
Security Solution Set to Become a Billion Dollar Market in 2022 and Here's Why
What are the driving forces that contributed to this steadfast growth?
INSURANCE COMPANIES • Aside from the efforts of the producers and manufacturers of home security devices, insurance companies back them up in marketing activities.
• Nowadays, they offer attractive discounts to homeowners, which drive market demand higher. • Some homeowners can avail a discount up to 30%.
• Aside from this, insurance firms also cover the costs of implementing the home security solution.
Security Solution Set to Become a Billion Dollar Market in 2022 and Here's Why
What are the driving forces that contributed to this steadfast growth?
TELECOM PARTICIPATION • Another sector involved in maintaining safety and security is the telecommunication. • In the US, there is a fierce competition between AT&T, Verizon, Cable, and Comcast offering their respective packages, which often includes the home security system partnered with internet and cable connection. • This intense competition between telecom giants provide so much attention to the home security market, which resulted to major investments in the industry.
Security Solution Set to Become a Billion Dollar Market in 2022 and Here's Why
• Smarter homes are the latest trend today. • Security solution makes it possible for people to have safer and more secured residential areas without sacrificing the aesthetics. • With this trend, the market is forecast to even grow bigger after five years. • So expect more innovations to come as the security solutions market will not show any sign of slowing down.
Security Solution Set to Become a Billion Dollar Market in 2022 and Here's Why
RECAP: Year 2016 is when the aggregate market value of the overall security solutions stood at a whopping $200 billion worth! Studies shown that the security solution market will breach past the $300 billion mark in the next five years; and that by 2022, more devices will be produced and will swarm the market to make up the $372 billion overall market value. But what are the DRIVING FORCES that contributed to this steadfast growth? The growth of the security market has been due to people’s FOCUS IN SECURITY. TECHNOLOGY has reshaped the definition of the word “smart” for home securities. The participation of people under age 40 (a.k.a. the MILLENIALS) contributes to the surprising growth of the industry. Many INSURANCE COMPANIES cover the costs of implementing the home security solution. In the US, there’s a fierce competition among TELECOM COMPANIES offering their respective packages, often including the home security system partnered with internet and cable connection.
SECURITY SOLUTION SET TO BECOME A BILLION DOLLAR MARKET IN 2022 AND HERE’S WHY This Presentation is brought to you by: www.AlarmMastersCorp.com