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Global Home Security Solutions Market Will Grow at CAGR of 8.8% - Industry Size, Growth, Analysis, Forecast

Market Research Store : Published latest report on "Global Home Security Solutions Market Outlook (2014-2022)" into their database.


Deerfield Beach, FL -- (SBWIRE) -- 12/11/2015 -- The Global Home Security Solutions market is valued at $29.4 billion in 2014 and is expected to reach $57.73 billion by 2022 growing at a CAGR of 8.8% from 2014 to 2022. Home Security Solutions market is expected to witness high growth in residential security segment. Increase in crime rate, remote monitoring mobile devices and growing consumer awareness are the key drivers for the growth of the market. Lack of awareness and high installation costs are the factors hampering the market growth. The intensified competition leading to technological advancements among the electrical distributors & telecom providers are providing massive opportunities for the market growth.

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Global Home Security Solutions market is segmented by Home Type, by Product Type, by Solution and by Geography. Based on Home Type, market is segmented into independent and apartments. Based on Product Type, market is categorized into Electronic locks, Sensors, alarms and Cameras. Based on Solution, market is classified into Intruder Alarm, Fire Protection, Video Surveillance, Integrated Security, Access Control and Medical Alert System. Market by geography is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America has the largest market for Home Security Solutions and expected to hold its share till 2022. Asia-Pacific and Europe are also considered as promising markets during the forecast period.

The Key players in the market include, Godrej & Boyce Manufacturing Company Limited, UTC Fire & Security,, Tyco, Control4 Corporation, Control4 Corporation, ASSA ABLOY, Allegion PLC and Nortek Security & Control LLC.

This study highlights current dynamics and developments in the Home Security Solutions market. The report incorporates in-depth analysis of the market growth drivers as well as the inhibiting factors in the Home Security Solutions market. The scope of the report covers an extensive evaluation pertaining to the winning imperatives and stakeholder strategies through a presentation of the segmentation of Home Security Solutions market in the report.

The numerous factors stimulating this market have been evaluated in the sections of this report. Along with the regional analysis, the current trends in the Home Security Solutions market, coupled with the reasons behind the development of some unique segments, have additionally been described in this Home Security Solutions market report. The report highlights the competitive landscape by elaborating on the current mergers and acquisitions (M&A), product developments, and venture funding that took place in the Home Security Solutions market in the recent past.

The section pertaining to the company profiles explains the dominance of the key players in the Home Security Solutions market and an evaluation on the major strategies employed by these key players in order to gain a bigger share in the Home Security Solutions market. This will help enhance the understanding on the competitors as well as help in gaining strong insights for strengthening one's position in the Home Security Solutions market.

There are numerous factors that are considered in order to provide the analysis and forecast of the Home Security Solutions market. Some of the factors are technological, political, social, and economic Home Security Solutions market factors. Various analytical tools such as Porter's Five Forces Analysis and Home Security Solutions market SWOT analysis are utilized to analyze the data of the Home Security Solutions market and help provide a better understanding of the market. The data has been presented via charts, tables, and graphics in Home Security Solutions market research report. This visual presentation of the data is very useful in providing a clearer view of the leading applications, end users, and key segments of the Home Security Solutions market.