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Global Residential Security Market Trends, Drivers and Opportunities 2018-2023 - Significant Advancement in Technologies and Adoption of Cloud Based Security Technologies
[July 04, 2018]

Global Residential Security Market Trends, Drivers and Opportunities 2018-2023 - Significant Advancement in Technologies and Adoption of Cloud Based Security Technologies


DUBLIN, July 4, 2018 /PRNewswire/ --

The "Residential Security Market by Product, by Solution, by Residential Type, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

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The study reveals that the global residential security market is estimated to reach $60,765.2 million by 2023.

On account of significant advancement in technologies such as Internet of Things (IoT), adoption of cloud based security technologies and rapid increase in demand for advanced security solutions, such as alert systems and wireless locks, the global residential security market is gaining traction.

Security cameras have been the largest market among residential security products. Further, security camera segment is expected to continue its highest revenue contribution during the forecast period. Security cameras are one of the fundamental devices for residential security, which are sought by everyone looking to immune their abode against security threats. Among various solutions, audio visual surveillance segment witnessed the highest growth in demand during 2013-2016. However, home integrated security segment is expected to lead the market with highest growth rate, during the forecast period.

Geographically, North America has been the largest market for residential security, whereas Asia-Pacific is expected to witness the fastest growth among all regions, during the forecast period. The anticipated growth in market can be attributed to increasing digitalization, advancement in new technologies, growth in security equipment industry, and increasing adoption of connected technologies such as Internet of Things (IoT) by residential security providers in the region. Further, due to rapid technological advancements in automation of security in building infrastructure, in addition with various government initiatives such as development of smart city projects, the region has higher propensity to adopt residential security solutions at a rapid scale in near future.

Security camera segment has been the largest contributor to the global residential security market. Security cameras help in developing a safe and secure residential environment through high quality audio/visual vigilance. Factors such as motion detection, night vision, and wi-fi capabilities are further propelling the adoption of advanced security cameras for residential security globally. Security cameras with motion detection can send its user with alerts and notifications, whenever a motion or suspicious activity is observed by it. In addition, security cameras with night vision can allow recording images and videos in low light situations and such cameras have huge impact in lowering down the instance of criminal offence taking place at night.

Factors driving the global residential security market include significant growth in IoT and sensor technology, decreasing cost of security equipment such as security cameras, increasing need for advanced residential protection plans and security solutions, and amplified adoption of smart security devices, globally. Real-time updates of activities taking place can be accessed through security devices over smartphones or tablets. In addition, smart intercom and app based security systems (wireless) are also gaining interest of independent as well as residential communities and societies. Such systems also provide services like notifications by text, e-mails, phone calls to law enforcement, if a suspicious activity is detected.

Apart from this, having residential security in place is becoming more of a status symbol and is gaining hype globally. A safe community equipped with advanced security solutions such as fire sprinklers & extinguishers, security cameras, biometric locks attracts more number of people to reside in it.

Though fire sprinklers and extinguishers have been used for residential security for long, with advancement in technologies, automatic sprinklers and instant fire extinguishers are gaining more popularity. Residential complexes particularly in areas that are prone to fire, such as the ones close to gas pipelines, are the major sources contributing to the growing demand for automatic activation fire sprinklers.

The research states that the global residential security market is highly competitive, with players developing new residential security applications and smart security solutions. Some of the key players in the residential security ecosystem are Bosch Security Systems Inc, Honeywell Security Group, Alarm.Com, Allegion PLC, Nortek Security & Control LLC, United Technologies Corporation, Ingersoll Rand, Control4 Corporation, and Godrej & Boyce Mfg. Co. Ltd.

Most of the vendors operating in the global residential security market are actively focusing on enhancing their offerings to meet the ongoing demand for advanced residential security solutions, including wireless security solutions and smart locks.

Key Topics Covere




1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Product
1.3.2 Market Segmentation by Solution
1.3.3 Market Segmentation by Residential Type
1.3.4 Market Segmentation by Region
1.3.5 Analysis Period
1.3.6 Market Data Reporting Unit
1.4 Key Stakeholders

2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 by Region
2.2.1.2 by Industry Participant
2.3 Market Size Estimation
2.4 Market Breakdown and Data Triangulation
2.5 Assumptions for the Study


3. Executive Summary

4. Introduction
4.1 Definition of Market Segments
4.1.1 by Product
4.1.1.1 Security cameras
4.1.1.2 Smart locks
4.1.1.3 Sensors
4.1.1.4 Security alarms
4.1.1.5 Fire sprinklers & extinguishers
4.1.2 by Solution
4.1.2.1 Audio-visual surveillance
4.1.2.2 Access control & management
4.1.2.3 Home integrated security
4.1.2.4 Alert system
4.1.2.5 Intercom system
4.1.2.6 Fire protection
4.1.3 by Residential Type
4.1.3.1 Independent
4.1.3.2 Apartment
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Emergence of wireless home security
4.3.1.2 Remote monitoring residential security systems
4.3.1.3 Home automation & residential security as a status trend
4.3.2 Drivers
4.3.2.1 Increasing penetration of IOT in home security
4.3.2.2 Amplified adoption of smart security in residential sector
4.3.2.3 Entry of multiple system operators in the global market
4.3.2.4 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Threat to user privacy
4.3.3.2 High cost of residential security solutions
4.3.3.3 Lack of awareness and confusion over choosing the right solution
4.3.3.4 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Predictive intelligence in residential security
4.3.4.2 Growth in DIY residential security solutions
4.4 Porter's Five Forces of Competitive Position Analysis
4.4.1 Bargaining Power of Buyers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Intensity of Rivalry

5. Market Size and Forecast by Product
5.1 Global Residential Security Cameras Market
5.1.1 by Region
5.2 Global Residential Smart Locks Market
5.2.1 by Type
5.2.2 by Region
5.3 Global Residential Sensors Market
5.3.1 by Region
5.4 Global Residential Security Alarms Market
5.4.1 by Region
5.5 Global Residential Fire Sprinklers & Extinguishers Market
5.5.1 by Region

6. Market Size and Forecast by Solution
6.1 Global Residential Audio-Visual Surveillance Market
6.1.1 by Region
6.2 Global Residential Access Control & Management Market
6.2.1 by Region
6.3 Global Residential Integrated Security Market
6.3.1 by Region
6.4 Global Residential Alert System Market
6.4.1 by Region
6.5 Global Residential Intercom System Market
6.5.1 by Region
6.6 Global Residential Fire Protection Market
6.6.1 by Region

7. Market Size and Forecast by Residential Type
7.1 Global Residential Security Market for Independent
7.1.1 by Region
7.2 Global Residential Security Market for Apartment
7.2.1 by Region

8. Market Size and Forecast by Geography
8.1 North America Residential Security Market
8.1.1 by Product
8.1.1.1 by type
8.1.2 by Solution
8.1.3 by Residential Type
8.1.4 by Country
8.1.4.1 U.S. Residential Security Market
8.1.4.1.1 by product
8.1.4.1.1.1 U.S. residential security smart locks market, by type
8.1.4.1.2 by solution
8.1.4.1.3 by residential type
8.1.4.2 Canada Residential Security Market
8.1.4.2.1 by product
8.1.4.2.1.1 Canada residential security smart locks market, by type
8.2 Europe Residential Security Market
8.2.1 by Product
8.2.1.1 Residential Security Smart Locks Market, by Type
8.2.2 by Solution
8.2.3 by Residential Type
8.2.4 by Country
8.2.4.1 U.K. Residential Security Market, by Product
8.2.4.1.1 Residential security smart locks market, by type
8.2.4.2 Russia Residential Security Market, by Product
8.2.4.2.1 Residential security smart locks market, by type
8.2.4.3 Germany Residential Security Market, by Product
8.2.4.3.1 Residential security smart locks market, by type
8.2.4.4 France Residential Security Market, by Product
8.2.4.4.1 Residential security smart locks market, by type
8.2.4.5 Italy Residential Security Market, by Product
8.2.4.5.1 Residential security smart locks market, by type
8.2.4.6 Spain Residential Security Market, by Product
8.2.4.6.1 Residential security smart locks market, by type
8.3 Latin America Residential Security Market
8.3.1 by Product
8.3.1.1 Latin America residential security smart locks market, by type
8.3.2 by Solution
8.3.3 by Residential Type
8.3.4 by Country
8.3.4.1 Brazil Residential Security Market, by Product
8.3.4.1.1 Residential security smart locks market, by type
8.3.4.2 Argentina Residential Security Market, by Product
8.3.4.2.1 Residential security smart locks market, by type
8.3.4.3 Colombia Residential Security Market, by Product
8.3.4.3.1 Residential security smart locks market, by type
8.4 Asia-Pacific Residential Security Market
8.4.1 by Product
8.4.1.1 Residential Security Smart Locks Market, by Type
8.4.2 by Solution
8.4.3 by Residential Type
8.4.4 by Country
8.4.4.1 China Residential Security Market, by Product
8.4.4.1.1 Residential security smart locks market, by type
8.4.4.2 Japan Residential Security Market, by Product
8.4.4.2.1 Residential security smart locks market, by type
8.4.4.3 India Residential Security Market, by Product
8.4.4.3.1 Residential security smart locks market, by type
8.4.4.4 South Korea Residential Security Market, by Product
8.4.4.4.1 Residential security smart locks market, by type
8.4.4.5 Australia Residential Security Market, by Product
8.4.4.5.1 Residential security smart locks market, by type
8.5 MEA Residential Security Market
8.5.1 by Product
8.5.1.1 Residential Security Smart Locks Market, by Type
8.5.2 by Solution
8.5.3 by Residential Type
8.5.4 by Country
8.5.4.1 U.A.E. Residential Security Market, by Product
8.5.4.1.1 Residential security smart locks market, by type
8.5.4.2 South Africa Residential Security Market, by Product
8.5.4.2.1 Residential security smart locks market, by type
8.5.4.3 Israel Residential Security Market, by Product
8.5.4.3.1 Residential security smart locks market, by type
8.5.4.4 Saudi Arabia Residential Security Market, by Product
8.5.4.4.1 Residential security smart locks market, by type

9. Competitive Landscape
9.1 Competitive Analysis of Key Players
9.1.1 Feature Comparison
9.1.2 System Analysis
9.1.3 Product Pricing Analysis
9.1.3.1 Product pricing of key players for packages between $41 - $45
9.1.3.2 Product pricing of key players for packages between $46 - $60
9.2 Recent Activities of Key Players
9.3 Recent Strategic Developments of Key Players
9.3.1 Merger & Acquisition
9.3.2 Partnership
9.3.3 Product Launch
9.3.4 Other Developments

10. Company Profiles
10.1 Bosch Security Systems
10.1.1 Business Overview
10.1.2 Product and Service Offerings
10.1.3 Strategic Growth Plans
10.2 Honeywell International Inc.
10.2.1 Business Overview
10.2.2 Product and Service Offerings
10.2.3 Key Financial Summary
10.2.4 Strategic Growth Plans
10.3 ALARM.COM HOLDINGS INC.
10.3.1 Business Overview
10.3.2 Product and Service Offerings
10.3.3 Key Financial Summary
10.3.4 Strategic Growth Plans
10.4 NORTEK SECURITY & CONTROL, LLC
10.4.1 Business Overview
10.4.2 Product and Service Offerings
10.4.3 Strategic Growth Plans
10.5 ALLEGION PLC
10.5.1 Business Overview
10.5.2 Product and Service Offerings
10.5.3 Key Financial Summary
10.5.4 Strategic Growth Plans
10.6 United Technologies Corporation
10.6.1 Business Overview
10.6.2 Product and Service Offerings
10.6.3 Key Financial Summary
10.6.4 Strategic Growth Plans
10.7 INGERSOLL-RAND PLC
10.7.1 Business Overview
10.7.2 Product and Service Offerings
10.7.3 Key Financial Summary
10.7.4 Strategic Growth Plans
10.8 CONTROL4 CORPORATION
10.8.1 Business Overview
10.8.2 Product and Service Offerings
10.8.3 Key Financial Summary
10.8.4 Strategic Growth Plans
10.9 GODREJ & BOYCE MFG. CO. LTD.
10.9.1 Business Overview
10.9.2 Product and Service Offerings
10.9.3 Key Financial Summary
10.1 the ADT CORPORATION
10.10.1 Business Overview
10.10.2 Product and Service Offerings
10.10.3 Strategic Growth Plans
10.11 Frontpoint Security Solutions
10.11.1 Business Overview
10.11.2 Product and Service Offerings

For more information about this report visit https://www.researchandmarkets.com/research/gmjsgz/global?w=5

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