DUBLIN, January 14, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/cggtsf/global_home) has announced the addition of the "Global Home Security System Market 2015-2019" report to their offering.
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With the improving economic conditions in Europe, vendors in the market are increasingly investing in R&D. The market is witnessing the introduction of many innovative applications and solutions such as advances in video asset management solutions. In addition, the main aim of vendors is to reduce the cost of expansion, storage, and maintenance of security solutions. The changes in consumer preferences are forcing vendors to deliver innovative residential security solutions with high efficiency to survive the commoditization in the market. This trend will help Europe to stay competitive in the market among other regions.
According to the report, insurance companies offer discounts on home insurance to people who have a monitored security system installed. The discount depends on the features and sophistication of the system. According the Insurance Information Institute the discount ranges from 15% to 30%. The discount offered is substantial enough to cover monitoring and installation costs to some extent. Installation of smoke detectors, carbon monoxide detectors, and burglar alarms leads to reduction in insurance premiums and can make the adoption of home security more economical the end-user.
Further, the report states that there have been instances of hacked smart homes which can be a major impediment to the market for home security solutions.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Other prominent vendors
Part 15: Key vendor analysis
Part 16: Appendix
- ASSA ABLOY
- Bosch Security Systems
- Honeywell Security Group
- Axis Communications
For more information visit http://www.researchandmarkets.com/research/cggtsf/global_home
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