New Report on Global Home Security System Industry 2018 at Market Research Nest
MarketResearchNest.com adds “Global Home Security System Market 2018-2022”new report to its research database. The report spread across 101 pages with table and figures in it.
This market research report presents a comprehensive analysis of the global home security systems market based on product such as video surveillance system, alarm system, and access control system. The report also provides an analysis of the market based on geographic regions such as the Americas, APAC, and EMEA.
Overview of the global Home Security System market:-
The growing preference for security features such as digital security and secured homes is driving the adoption of smart homes. Both commercial and residential sectors are relying on security solutions such as intruder detection devices with the growing trend for technological advancements. Smart homes applications include surveillance camera, automotive products, testing, gas and fire detection, and other commercial vision applications. This will drive the purchase volume of home security systems. Research analysis on the global home security systems market identifies the growing adoption of smart homes to be one of the major factors that will have a positive impact on the growth of the market. Technavio’s market research analysts predict that the market will grow at a CAGR of close to 7% by 2022.
The growing need for superior quality images for video surveillance is driving the demand for high-resolution security cameras, which are expensive. This in turn, is resulting in an increased preference for edge-based video surveillance among cost-conscious customers. The popularity of edge-based video surveillance system is growing because it reduces the cost of the central recording system, adjusts to the changing demands of customers, and saves high-resolution footage either on flash devices or the network. The growth of edge-based video surveillance is identified as one of the key trends that will gain traction in the home security systems market during the estimated period.
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The home security systems market appears to be highly fragmented due to the presence of many companies. This industry research report offers information about the competitive environment among companies in this marketspace and offers an analysis of key companies and their products. Additionally, our analysts also offer information about key areas the players currently focus on and strategies they follow to sustain the competition.
This research report provides an analysis of the various companies in this market including:-
- Robert Bosch
- LiveWatch Security
- FrontPoint Security Solutions
Segmentation by product and analysis of the home security systems market:-
- Video surveillance system
- Alarm systems
- Access control system
The video surveillance systems segment is contributing majority of share toward the home security systems market due to the growing need for home security solutions. It has been estimated that the residential security systems market will grow in the segment during the predicted period.
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Geographical segmentation and analysis of the Home Security System market:-
The US is the major contributor in terms of revenue to the home security systems market in the Americas. The growing significance of security solutions in the region will drive the growth prospects for the residential security systems market during the forecasted period.
Key questions answered in the report include:-
- What will the market size and the growth rate be in 2022?
- What are the key factors driving the global home security systems market?
- What are the key market trends impacting the growth of the global home security systems market?
- What are the challenges to market growth?
- Who are the key vendors in the global home security systems market?
- What are the market opportunities and threats faced by the vendors in the global home security systems market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global home security systems market?
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Mr. Jeet Jain