Global Residential and Commercial Security Market to grow at a CAGR of 15.6% during the period 2016 - 2020; Finds New Report

Report forecast the global residential and commercial security market to grow at a CAGR of 15.6% during the period 2016-2020.

The evolution of smart homes brought an integrated and centralized control of systems installed in homes.

Smart homes feature connected systems and devices that include:

• Environmental control systems (air conditioning, heating, and ventilation)
• Household appliances (washing machines, refrigerators, freezers, and microwave ovens)
• Consumer electronics (TVs, gaming consoles, and audio-video equipment)
• Building components (curtains, windows, and doors)

These electronic systems and other household objects are connected to devices such as computer, tablet, or smartphone through a wired or a wireless network to facilitate remote accessibility. Smart homes understand the requirements of occupants based on their lifestyle and preferences and respond in a particular manner.

Security is one of the important aspects to be considered in homes, and smart homes provide increased security and alert the owners in case of incidents such as smoke, flooding, or extreme temperatures. Home security systems in smart homes can alert the home owners and possibly stop crimes before they happen and create a greater sense of safety and security.

The report covers the present scenario and the growth prospects of the global residential and commercial security market for 2016-2020. To calculate the market size, the report considers revenue generated from the sales of the following security solutions:

• Surveillance systems
• Intruder alarms
• Software
• Access control systems

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, a key growth driver for this market is the decline in prices of security solutions. The declining prices of security solutions such as IP cameras are increasing their demand. Cloud-based security solutions offer a whole new array of opportunities for end-users, as a local server to store the camera data is no longer needed. In IP camera hosting, the data is stored in the cloud. This is easier to install and is inexpensive. Earlier, companies had to hire security guards to constantly be on watch at the premises. Now, several companies are switching over to services, in which a third party is alerted whenever there is a suspicious activity. This cuts down on costs and false alarms.

Further, the report states that one challenge that could hamper market growth is confusion over choosing the right security solution.

Global Residential and Commercial Security Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global residential and commercial security market: Axis Communications, Bosch Security Systems, Checkpoint Systems, Honeywell Security Systems, Qognify, and Tyco International.

Other Prominent Vendors in the market are: ADT, A2 Systems, ALL-TAG Security Americas, Anixter, Assa Abloy, AxxonSoft, DvTel, Gallagher, Genetec, Hikvision Digital, Intergraph, Ketec, Lenel Systems, MOBOTIX, Moonblink, Nedap, NetVersand, NortekSecurity, Panasonic, S2 Security, Salient Systems, Samsung Techwin, Schneider Electric, Security Station, Siemens, VideoNEXT, and Watchdog Security.

Market driver

• Decline in prices of security solutions
• For a full, detailed list, view our report

Market challenge

• Confusion over choosing right security solution
• For a full, detailed list, view our report

Market trend

• Increasing demand for integrated security solutions
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• 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 market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 63 pages and 27 Exhibit “Global Residential and Commercial Security Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Evolution of residential security, Recent developments in home security solutions, Trends in security solutions, Role of security solutions in commercial sector, Market size and forecast, Market segmentation by type, Market segmentation by end-user, Geographical segmentation, Market attractiveness, Buying criteria, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Five forces analysis, Vendor landscape, Key vendor profiles, Appendix.

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