The global home security solutions market generated revenue worth US$ 8,339.2 Mn in 2014 and is projected to grow at a CAGR of 18.0% during the forecast period (2015 – 2022) to reach a market size of US$ 30,293.0 Mn by 2022.
Albany, NY -- (SBWIRE) -- 04/01/2016 -- The Home Security Solutions Market report provides an analysis of the global home security solution market for the period 2013–2022, wherein the period from 2015 to 2022 comprises the forecast period and 2014 is the base year. Data for 2012 and 2013 are provided as historical information. The report covers all the prevalent trends and technologies playing a major role in the growth of the home security solution market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market growth during the said period. The study provides a holistic perspective on market growth, throughout the above forecast period in terms of revenue estimates (in US$ Mn), across different geographies, which include Asia Pacific (APAC), Latin America (LATAM), North America, Europe, and Middle East & Africa (MEA).
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Home security refers to the electronics-based security measures for residential applications. These are designed to monitor living premises, homes, residential setups, personal property, and the residents and secure them from home intrusions, property crimes, robberies, homicides, etc. Home security systems are powerful tools to prevent and investigate crimes when installed in homes, parking lots, and backyards. Due to the growth of property-related crimes and home intrusions globally, consumers have become more concerned about the safety and security of their families and properties and which, as a result, is driving the overall demand for home security solutions. The growing home security solutions market has led to the emergence of home security service providers around the world, which has contributed to the growth of the market size globally.
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This research report provides in-depth analysis of the global home security market on the basis of product types, segmenting the market into hardware, software, and services. The hardware segment comprises video surveillance, access control and authentication, alarms, electronic locks, and sensors & detectors. The video surveillance segment is further divided into analog cameras, IP cameras, and others, which includes recorders and storage, CCTV monitors, and encoders. The access control and authentication segment comprises biometrics, radio frequency identification (RFID), and card-based access control. The home security services segment includes services such as installation/integration, technical support, consulting, and cloud-based services.
In terms of geographical regions, the report segments the global home security solutions market into North America, Europe, Asia Pacific, and Rest of the World (RoW); the regions are analyzed in terms of revenue generation. The report provides cross-sectional analysis of the global home security solutions market in terms of market estimates and forecasts for all the segments across different geographic regions.
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The report also includes competitive profiling of major players engaged in manufacturing home security products and providing home security services. Major business strategies adopted by them, their market positioning, and various recent developments have also been identified in the research report. This report also provides market share analysis of major players in the home security solutions market based on their 2014 revenue. Some of the major players profiled in the report include Vivint Inc., Assa Abloy AB, Tyco International Ltd., Honeywell International, Inc., ADT Corporation, Frontpoint Security Solutions, SimpliSafe, Inc., Protect America, Inc., HikVision Digital Technology Co., Ltd., and Axis Communications AB.
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