Global Home Security System Market is projected to grow at a remarkable rate of above 13% during 2015-2019
Global Home Security System Market 2015-2019 Size and Share Published in 2015-12-16 Available for US$ 2500 at Researchmoz.us
Description
An overview of the home security system market
The rising incidents of security concerns has led to increased safety measures by residential dwellings. As a result, the global home security system market is projected to grow at a remarkable rate of above 13% during the forecast period. Advancement in technology and emergence of smart homes has led to the rise of integrated home security systems, which can be connected to smartphones and enable the monitoring of residences from remote locations.
With improvement in network infrastructure, broadband and internet penetration has increased, and consumers are increasingly opting for wireless and technologically advanced products to ensure more security for their families. Therefore, vendors are expanding their distribution channels and R&D expenditure to improve their product offerings and leverage on the trend of home automation. As the trend towards home automation and smart homes grows, the market will gain traction.
Segmentation of the home security system market by product
Electronic and smart locks
Alarms
Security cameras
Security solutions
DIY home security
Sensors and detectors
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In 2014, the security cameras segment of the global home security system market noted the highest contribution of close to 22%, and this trend is expected to continue in the next five years. Security cameras are embedded with features such as Wi-Fi connectivity, rechargeable and replaceable batteries, accessibility on Android and iOS devices through apps.
Geographical segmentation of the home security system market
Americas
EMEA
APAC
With a market share of over 48% in 2014, the Americas dominated the home security system market, followed by APAC and EMEA. Following the burgeoning trend towards smart homes and smart products, people are investing increasingly on smart home security products and solutions.
Competitive landscape and key vendors
The home security system market is fairly concentrated with a few major players holding the majority of the market share. The innovation in technology and products among the leading vendors plays an essential role in the growth of the market. The market also exhibit a considerable influx of private labels and startups in the market, especially in the DIY home security products market.
Top vendors in this market are -
ASSA ABLOY
Bosch Security Systems
Honeywell Security Group
Tyco
ADT
Nortek
Other prominent vendors included in this report are Alarm.com, Axis Communications, Lorex, Swann, and Visonic.
Key questions answered in the report include
What will the market size and the growth rate be in 2019?
What are the key factors driving the global home security system market?
What are the key market trends impacting the growth of the global home security system market?
What are the challenges to market growth?
Who are the key vendors in the global home security system market?
What are the market opportunities and threats faced by the vendors in the global home security system market?
What are the trending factors influencing the market shares of the Americas, EMEA, and APAC?
What are the key outcomes of the five forces analysis of the global home security system market?
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Table of Content
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Global home security system market 2014-2019
Market size and forecast
Five forces analysis
PART 06: Market segmentation by product
Global home security system market by product 2014-2019
Global security cameras market
Global electronic and smart locks market
Global sensors and detectors market
Global alarms market
Global security solutions market
Global DIY home security market
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