With growing urbanization and increasing disposable income and so are crime and theft cases, leading to an immense emphasis on security concerns over residential and commercial buildings. Home Security System links process through a system of interworking components like doors, windows etc. with the help of sensors and devices securing building and premises by giving feeds and triggering alarm on anything suspicious. These work on the simple concept of securing with sensors that can communicate with a control panel or command center installed at a location somewhere inside the home or in any user device.. With increasing adoption of smart home systems worldwide, the home-based cloud technology market has been witnessing an upsurge in its value that is close to 50% growth every year. Hulu and Spotify deliver multi-screen services, whereas Boxee integrates all sorts of locally stored online content, helping users to share their preferences and content with friends on the social network. Multi-device and cloud-based solutions for personal information management are also provided by players such as Apple and Google.
According to key research findings, the global Home Security market is likely to expand at a stable CAGR. The Global Home Security Market is expected to reach the value USD 77.98 billion by 2025, from USD 42.13 billion in 2017 growing at a CAGR of 8.0% during the forecast period of 2018 to 2025.
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Key Players/Competitors/Vendors: The report offers a complete analysis of various companies including
Bosch Security and Safety Systems, Honeywell Home Pro, ADT, Johnson Controls, ASSA ABLOY Group, UTC Climate, Controls & Security, August Home Inc, Ingersoll Rand, Ooma, Inc., Legrand, Deutsche Telekom, Mivatek Smart Connect, Panasonic Security Solutions, Tyco, Axis Communications, Deutsche Telekom UK Limited, Vivint Smart Home, SECOM Plc, Hikvision, Dahua Technology USA, Dallmeier electronic, Cognitive Systems Corp., Hikvision USA, Hikvision Korea, Godrej & Boyce Mfg. Co. Ltd., Control4, Legrand (S) Pte Ltd, Legrand, North America, Nortek Security & Control, Securitas Group, Samsung Electronics, Samsung Electronics America, Prosegur, Vivint Smart Home Arena, Frontpoint, SimpliSafe, Protect America, LiveWatch, Allegion, PLC, Allegion US, Alarm.com, Dahua Technology Co. LTD, STANLEY Security and others.
Competitive Analysis: Global Home Security Market
The Global Home Security Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Home Security Market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
On September 2018, ADT Inc. (NYSE: ADT), a leading provider of home and business security automation solutions in North America introduced new and advanced risk management services and a technical desk running 24*7 for end user support, enabling process optimization and wider coverage solutions.
In June 2018 Securitas acquired Kratos Public Safety and Security division (KPSS), a leading system integrator in the US.
Market Drivers and Restraints: Global Home Security Market
- Increasing awareness and concerns for security among masses.
- Emergence of smart cities and wireless connected network.
- End users willingness to pay for the subsequent technologies.
- The high cost of installation and maintenance of home security system.
- Lack of skilled workforce.
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Global Home Security Market: Table of Contents
- 1. Executive Summary
- 2. Scope/opportunities of the Report
- 3. Research Methodology
- 4. Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- 5. Pipeline Analysis
- Pipeline analysis
- 6. Market Sizing
- Market definition
- Market sizing
- Market size and forecast
- 7. Porter’s Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
- 8. Market Segmentation
- Market opportunity
- 9. Customer Landscape
- 10. Regional Landscape
- Geographical segmentation
- Regional comparison
- North America
- South America
- Market opportunity
- 11. Business Decision Framework
- 12. Drivers And Challenges
- Market challenges
- Market drivers
- 13. Market Key Trends
- 14. Players Landscape
- Landscape disruption
- 15. Players Analysis
- Players covered
- Players classification
- Market positioning of Players
- 16. Appendix
- List of abbreviations
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Key questions answered in the report include
- What will the market size and the growth rate?
- What are the key factors driving the global Home Security market?
- What are the key market trends impacting the growth of the Home Security market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global Home Security market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the Porter’s five forces analysis of the Home Security market?
Key Segmentation of Global Home Security Market
By Product Type
- Detection System
- Alarm Panels
- Communication Devices
- Asia Pacific (China, South Korea, Japan, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific).
- North America (US, Canada, Mexico).
- Europe (Russia, Turkey, Belgium, Netherlands, Switzerland, Spain, France, Germany, Italy, UK, Rest of Europe.
- South America (Brazil, Argentina, Rest of South America).
- Middle East and Africa (South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, Rest of Middle East and Africa).
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