Home Security Solutions Market by Product (Electronic locks, Sensors, Cameras), Solutions (Intruder Alarm, Intercom, Access Control, Fire Protection, Integrated Security, Video Surveillance & Others), Home Type, & Geography - Global Forecast to 2020 The total market is expected to reach $47,542.52 Million by 2020, at a CAGR of 8.7%. The concept of home security solutions emerged in the early 1990s wherein the solution was predominantly similar to car alarms. They were expensive and unreliable and the rate of false alarms was also very high. However, with progress in the technology, home security solutions also advanced gradually. A wide variety of features, such as night-vision, cameras, electronic and smart locks, motion-sensitivity, wireless devices, Internet connectivity, and more, became commonly available for utilization by homeowners. Such enhanced security features, in turn, increased the interest in security solutions, subsequently increasing the demand. Browse 78 market data tables and 76 figures spread through 173 pages and in-depth TOC on â€œHome Security Solutions Market - Global Forecast to 2020" http://www.marketsandmarkets.com/Market-Reports/home-securitysolutions-market-701.html There is also a growing awareness about integrated security systems, combined with the need for medical assistance to elderly people at home, detection of hazardous conditions such as fire and gas leaks, and monitoring of children at home. The Americas held the largest market share of 60.93% in 2014. This was mainly attributed to the presence of a large number of companies along the home security solution supply chain in this region, such as FrontPoint Security (U.S.), Pinnacle Security (U.S.), Alarm.com (U.S.), iControl Networks (U.S.), and more,
that provide innovative solutions to address the various challenges involved in the production of security solutions and their utilization by end-users. Additionally, there are also tremendous growth opportunities observed in South Africa, Brazil, and Mexico. Request For Sample Report : http://www.marketsandmarkets.com/requestsample.asp?id=701 The report describes the market trends and challenges of the global home security solutions market and forecasts the market till 2020, based on products, solutions, home types, and geography. It also features detailed competitive landscape with the identification of the key players with respect to the global market, in-depth market share analysis, and market share rankings. The segments and sub-segments in the report contain the drivers, restraints, opportunities, and current market trends to revolutionize the global market. The major players in the global home security solutions market are Tyco (Ireland), ASSA ABLOY (Sweden), UTC Fire & Security (U.S.), Honeywell International, Inc. (U.S.), Bosch Security Systems (Germany), Ingersoll Rand Solutions (Ireland), Allegion PLC (Ireland), Godrej & Boyce Manufacturing Company Limited (India), Control4 Corporation (U.S.), Alarm.com (U.S.), and Nortek Security & Control LLC (U.S.). About MarketsandMarkets MarketsandMarkets is worldâ€™s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model â€“
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Published on Feb 16, 2017
The global home security solutions market size is estimated to grow from USD 31.36 Billion in 2015 to USD 47.54 Billion by 2020, at an estim...