The global residential security systems market is forecast to grow at a CAGR of 7.34% during the period 2016-2020.
Commenting on the report, an analyst from the research team said that emergence of IoT in residential security systems is one the key trends. Earlier, security solutions such as access control, intruder alarms, and video surveillance were self-contained and not connected to other systems.
Also, they were configured for specific purposes. Closed circuit television (CCTV) systems had cameras linked through cable with proprietary communications to a video controller. Users had authorizations like identity tokens, badges, or fobs that connected directly to the access management tool system. Equipment was monitored and serviced by facility teams or contractors.
According to the report, rising threats to residential buildings is one of the drivers promoting growth. The increasing incidences in the number of criminal activities, thefts, and unauthorized access to individual homes and residential buildings have increased the threat among the owners.
Hence, residential buildings are being equipped with a special platform, which will help its occupants to remotely access electronic devices at home via mobile devices such as smartphones, tablets, and laptops. This includes energy management, lighting control, controlling safety and security, and electronic locks. The security provided by monitoring solutions is robust and reliable and can prevent unwanted access to residences.
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the strengths and weaknesses of the key vendors?
- ADT Security Services
- ASSA ABLOY
- Bosch Security Systems
- Honeywell International Nortek Security and Control
- Tyco Security Products
- A2 Systems
- Axis Communications
- Hikvision Digital
- Lenel Syst
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 products
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Summary of key figures
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Emerging products
PART 16: Vendor landscape
PART 17: Appendix
PART 18: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/qtzs7l/global
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Research and Markets
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