Residential Security Market 2018
Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
Residential Security Market 2018
Residential Security Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 Residential security refers to security and safety of residential buildings and individuals. It is an electronic system that primarily takes care of the overall security of consumer’s residence, especially when away from home. In the past few years, global residential security market witnessed significant growth, owing to the development of new technologies such as Internet of Things (IoT), along with various advanced residential security equipment.
Factors driving the global residential security market include significant growth in IoT and sensor technology, decreasing cost of security equipment such as security cameras, increasing need for advanced residential protection plans and security solutions, and amplified adoption of smart security devices, globally. Real-time updates of activities taking place can be accessed through security devices over smartphones or tablets.
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Residential Security Market 2018
“Taste the market data and market information presented through more than 50 market data tables and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Residential Security Market Research Report - Global Forecast 2023”
By product, security cameras hold the major market share and has generated USD 6.6 Billion in 2016 and is expected to grow at 9.61% CAGR through the forecast period. By solution, audio-video surveillance holds the major market share and generated USD 7.2 Billion in
2016 and is expected to grow at 9.35% CAGR through the forecast period. Asia Pacific has emerged as fastest growing market with 10.22% of CAGR and is expected to reach at market size of USD 12.2 billion by the end of forecast period.
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Residential Security Market 2018 Segmentation: The Global Residential Security Market has been segmented on the basis of product, solution, residential type and region. On the basis of product, the residential security system market has been segmented as smart locks, sensors, security alarms, fire sprinklers & extinguishers and security cameras. On the basis of solution, the residential security market is sub-segmented into audio-video surveillance, home integrated system, fire protection, alert system and access control management. The residential security market is segmented on the basis of type of residency. We have considered two types of residencies as apartment and independent. On the basis of geography, the global residential security market has been segmented into four regions as North America, Europe, Asia Pacific and Rest of World.
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Residential Security Market 2018 Application & Major Players in this Research: Residential Security Market Prominent Players:
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Honeywell International Inc. (U.S.),
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Tyco International Ltd.,
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ASSA Abloy AB,
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Allegion,
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UTC Fire & Security,
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Control4,
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Nortek Security and Control,
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ADT Security Services, Bosch Security Systems,
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Godrej & Boyce Manufacturing Company and others.
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Residential Security Market 2018 Residential Security Market Competitive Analysis Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: The regional analysis of residential security market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is dominating the market of Residential Security, By Region with market share of 41.5% in the year 2016 and has been valued at USD 10.1 billion in the year 2016. Asia Pacific has emerged as fastest growing market and is expected to reach at market size of USD 12.2 billion by the end of forecast period owing to the developing countries in the Asia Pacific region have a huge growth potential and provide a favorable environment for product manufacturers.
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