Home security is concerned with residential security from several issues such as theft, burglaries, and unethical practices. To control these issues, various home security products and solutions have been made available by various market players. These solutions consist of medical alert systems, intruder alarm systems, access control & management systems, intercom systems, video surveillance systems, fire protection systems, and integrated systems.
Residential security is a growing market due to the need for safety and the increasing crime rates in different parts of the world.
The security solutions segment in the residential sector has been experiencing a significant growth since the past few years due to the adoption of electronic security solutions, increasing rate of burglary, and attractive insurance policies to residents for installing security systems.
Browse 78 market data tables & 78 figures spread through 202 pages and in-depth TOC on Home Security Solutions Market by Product, Solutions, Home Type & Geography – Global Forecast to 2020.
Despite the several benefits offered by home security systems, lack of awareness about technological advancements and a higher cost of security solutions are some important restraining factors that are posing toward the growth of the home security system solutions market.
A rise in the awareness levels among consumers and increased adoption of new technology for home security would gradually result in the cost reduction of the solution, thus driving the market for global home security solutions.
The major players in the global home security solutions market are Tyco (Ireland), ASSA ABLOY (Sweden), UTC Fire & Security (U.S.), Honeywell International, Inc. (U.S.), Bosch Security Systems (Germany), Ingersoll Rand Solutions (Ireland), Allegion Plc (Ireland), Godrej & Boyce Manufacturing Company Limited (India), Control4 Corporation (U.S.), Alarm.com (U.S.), and Nortek Security & Control LLC (U.S.).
Source: beforeitsnews.com