(MENAFN- Comserve) New York, United States, Nov 28, 2020, 14:14 /Comserve / -- Residential security represents to security & safety of residential buildings & individuals. Residential security is an electronic system which mainly maintain the total security of consumer's residence, particularly when left home.
Global Residential Security market is estimated to reach $77.94 billion by 2025; growing at a CAGR of 8.8% from 2017 to 2025. Residential security represents to security & safety of residential buildings & individuals. Residential security is an electronic system which mainly maintain the total security of consumer's residence, particularly when left home. In recent years, global residential security market observed substantial growth, due to the new advanced technologies like internet of things (IoT), coupled with many innovative residential security equipment. Global residential security market growth is further strengthened by the introduction of new security software solutions like smart apps & wireless locks for home safety.
Major factors driving the global residential security market are rapid growth in IoT, growing home burglary rates, and attractive insurance policies to residents for installation of security system. However, huge installment cost of security solutions may hamper the market growth. Furthermore, increasing crime rate and high usage of remote monitoring by tablets & smartphone would unfold with numerous growth opportunities in the forecasted year.
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Major segments of the global residential security market are product, solution, residential type, and geography. Product segment comprises smart locks, security cameras, security alarms, sensors, and fire sprinklers & extinguishers. Solution contains access control & management, home integrated security, alert system, intercom system, audio-visual surveillance, and fire protection. Further, market is bifurcated by residential type into independent and apartment.
Geographically, the global residential security market is categorized into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Russia, Germany, France, Spain, Italy, and Rest of Europe. Asia-Pacific is segmented into China, India, Japan, Australia, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The major players competing in the market are Bosch Security Systems GmbH, Honeywell International Inc., Nortek Security and Control, Allegion Plc, United Technologies, Ingersoll-Rand plc, CONTROL4® CORPORATION, ADT LLC dba ADT Security Services, Godrej & Boyce Mfg. Co. Ltd., and Frontpoint Security Solutions, among others.
The key takeaways from the report
The report will provide detailed analysis of Global Residential Security Market with respect to major segments such as product, solution, residential type and geography
The report will include the qualitative and quantitative analysis with market estimation over 2016 2025 and compound annual growth rate (CAGR) between 2017 and 2025
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Residential Security Market has been included in the report
Profile of the key players in the Global Residential Security Market will be provided, which include key financials, product & services, new developments and business strategies
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Scope of the Global Residential Security Market
Product Segments
Smart Locks
Security Cameras
Security Alarms
Sensors
Fire Sprinklers & Extinguishers
Solution Segments
Access Control & Management
Home Integrated Security
Alert System
Intercom System
Audio-Visual Surveillance
Fire Protection
Residential Type Segments
Independent
Apartment
Geographical Segments
North America
U.S.
Canada
Europe
UK
Russia
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
South Korea
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
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