A brief overview of Global Home Security Solutions Market is provided in the report based on product scope and market status & outlook. The market is segmented on the basis of type, end-users/application, and geography
Portland, OR -- (SBWIRE) -- 05/31/2018 -- Home security solutions are concerned with residential security from several dangers such as burglaries, theft, and any other unethical practices. Home security solutions are electronic security systems that are used to monitor homes, living premises, and personal property. Due to rise in property related crimes and home intrusions, globally, consumers have become more aware about the safety and security of their families and properties, which as a result, is driving the market for home security solutions.
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Based on solutions, the market is divided into medical alert systems, access control & management solutions, intruder alarm solutions, intercom systems, video surveillance systems, fire protection systems, and integrated security solutions. According to product type, the market is categorized into electronic locks, sensors, cameras, panic buttons, fire sprinklers & extinguishers and alarms. By home type, it is classified into independent homes, condominiums, and apartments. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
Market Dynamics:
Drivers:
• Increased crime rates
• Improvements in network infrastructure and internet penetration would foster the market growth as consumers are increasingly opting for wireless security solutions for their homes
• Increasing remote monitoring using mobile devices
Restraints:
• Lack of technology awareness
• Cost of initial investment
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Market Players:
The top players in the global home security solutions market include United Technologies Corporation, Assa Abloy, TYCO, Honeywell International Inc., Ingersoll Rand, Robert Bosch GmbH, Allegion PLC, Godrej & Boyce Manufacturing Company Limited, Nortek Security & Control LLC, and Alarm.Com.
KEY TAKEAWAYS
MARKET LANDSCAPE
• By Solution
o Medical Alert System
o Access Control & Management Solution
o Intruder Alarm Solution
o Intercom System
o Video Surveillance System
o Fire Protection System
o Integrated Security Solution
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