Residential Security Market in Europe - Industry Analysis, Size, Growth, Trends, Statistics, Segment and Forecast 2014-2020
Deerfield Beach, FL -- (SBWIRE) -- 10/28/2015 -- Zion Research has published a new report titled Residential Security Market in Europe (Surveillance Systems, Intruder Alarms, Access Control Systems and Software) : Industry Perspective, Comprehensive Analysis and Forecast, 2014 - 2020. According to the report, the Europe residential security market was valued at USD 759.2 million in 2014 and is expected to reach USD 1,867.5 million by 2020. Europe residential security market is expected to grow at a CAGR of 17.11% between 2015 and 2020.
Residential security system includes various components such as surveillance systems, intruder alarms, access control systems and software. Residential security is a part of physical security that assures the security of homes and individual. With increasing instances of criminal activities such as burglary and theft in residential buildings and among the aging people has resulted into growing demand for residential security systems in Europe. Residential security system also provides safety against gas leaks, fire, and other hazards. It effectively provides the surveillance services and facilitates an option raise an alarm in case of any emergency.
Browse the full "Residential Security Market in Europe (Surveillance Systems, Intruder Alarms, Access Control Systems and Software): Industry Perspective, Comprehensive Analysis and Forecast 2014 - 2020" report at http://www.marketresearchstore.com/report/residential-security-market-in-europe-35582
Key factor driving demand for residential security in Europe is increasing installations of smart homes. Smart home market in Europe is growing at a rapid pace and is expected to cross 15 billion mark by the end of 2020. Smart home market is on the rise especially in Germany, UK and France. With increasing number of installations of smart home, demand for residential security systems is expected to increase. Moreover, advances in the technology and entry of the new players in the Europe residential security systems market is expected to lower down the price of residential security. This in turn is expected to boost the demand for residential security market in Europe. However, high installation cost and uncertain economic conditions across Europe except Germany is expected to arrest the growth of residential security market.
Request for Sample Report of Residential Security Market in Europe, here: http://www.marketresearchstore.com/report/residential-security-market-in-europe-35582#RequestSample
Surveillance systems, intruder alarms, access control systems and software are the key segment of residential security market. Surveillance systems segment dominated the residential security market in 2014 with around 35% share in total market. Surveillance systems are witnessing strong demand from end users. However, it is expected to decrease in its market share during the forecast period owing to availability of different substitutes such as cloud-based services. Access control systems market is expected to exhibit fastest growth rate during the forecast period.
Some of the key industry participants in residential security market include Honeywell International Inc., Bosch Security Systems Inc., Tyco International, GE Security Inc Ltd., AMX Corp., Control4 Corp., Alarm.com Inc., Siemens Building Technologies AG., and home Automation Inc.
This report segments the europe market as follows:
Residential Security Market: Product Segment Analysis
Access Control Systems
About Zion Research
Zion Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Zion Research experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each Zion Research syndicated research report covers a different sector — such as pharmaceuticals, chemical, energy, food and beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports strive to serve the overall research requirement of clients.