Need for Inexpensive Security Solutions in APAC to Present Market Players with Extensive Opportunities in the Region
Albany, NY -- (SBWIRE) -- 06/14/2018 -- A new business intelligence study titled "Global Market Study on DIY Home Security Solutions: Need for Inexpensive Security Solutions in APAC to Present Market Players with Extensive Opportunities in the Region" has been added to the vast repository of Market Research Reports Search Engine (MRRSE). According to the report, the global DIY home security solutions market is likely to grow at a staggering CAGR of 22.4% during the assessment period 2017-2025.
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The research study offers in-depth analysis on the key factors driving the growth of the market. According to the study, advances in smart home systems, combined with increase in the number of burglary and crimes is one of the key factors driving the growth of the market. Rising awareness among homeowners about the availability of advanced solutions is also creating opportunities for key players in the market.
According to the research report, the DIY home security solutions market is also driven by the extensive features of these solutions over conventional solutions. Climate control, power management, and fire alarms at a click of a button mean that many homeowners now have the ability to manage the affairs of their home seamlessly. These factors have led end-users to adopt these solutions.
The research report opines that monitoring and alarming systems will continue to be the leading type of DIY home security solutions during the assessment period. According to the study, the monitoring and alarming systems segment is likely to hold nearly 69% revenue share of the market globally. In addition to this segment, the DIY camera segment is also expected to witness steady growth over the course of the forecast period.
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According to the report, Europe will continue to be a leading market for DIY home security solutions market. The market in Europe is likely to maintain its lead during the assessment period, owing to higher awareness among end-users in the region. In addition to Europe, North America is also likely to maintain its dominance in the DIY home security solutions market. The US will account for the majority share while growth will be impressive in Canada, albeit from a small base.
The business intelligence study also offers in-depth analysis and insights on the leading providers in the DIY home security solutions market. According to the study, some of the leading players in the DIY home security solutions market include Samsung SmartThings, Frontpoint Security Solutions, SimpliSafe, Inc., Protect America, Inc., and Abode Systems, Inc.
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