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The home security system market is expected to reach USD 74.75 billion by 2023 from USD 45.58 billion in 2018, at a CAGR of 10.40%NEW YORK, Sept. 4, 2018 /PRNewswire/ -- Home security system market to grow at 10.40% CAGR from 2018 to 2023 Home security system market for products to grow at higher CAGR during forecast period The projected growth of the home security system market for products is mainly attributed to the increasing penetration these systems in emerging economies and the rising adoption of do-it-yourself (DIY) products. Additionally, the proliferation of smart city projects, the emergence of IoT, and the integration of wireless technology are a few factors that are expected to fuel the implementation of home security products across different households. Breakdown of profile of primary participants: • By Company Type: Tier 1 = 55%, Tier 2 = 25%, and Tier 3 = 20% • By Designation: C-Level = 37%, D-Level = 36%, and Others = 27% • By Region: Americas = 38%, Europe = 26%, APAC = 31%, and RoW = 5% Major players profiled in this report include: • ADT (US) • Honeywell (US) • Johnson Controls (US) • HANGZHOU HIKVISION DIGITAL TECHNOLOGY (China) • ASSA ABLOY (Sweden) • SECOM (Japan) • Robert Bosch (Germany) • United Technologies (US) • Godrej & Boyce (India) • Alarm.com (US) • Allegion (Republic of Ireland) • Control4 (US) • Schneider Electric (France) • Legrand (France) • ABB (Switzerland) • Comcast (US) • STANLEY Convergent Security Solutions (US) • Nortek Security & Control (US) • FRONTPOINT (US) • Vivint (US) Research Coverage The report segments the home security system market on the basis of home type—independent homes and condominiums/apartments; system type—professionally installed and monitored, self-installed and professionally monitored, and do-It-yourself (DIY); offering—products (fire protection systems, video surveillance systems, access control systems, entrance control systems, intruder alarms) and services (security system integration services, remote monitoring services, fire protection services, video surveillance services, and access control services). The study also covers geographic forecast of the market size for various segments with regard to 4 main regions—Americas, Europe, APAC, and RoW. Reasons to Buy the Report: The report would help the leaders/new entrants in this market in the following ways: • This report segments the home security system market comprehensively and provides the closest approximations of the overall market size and those of the subsegments across different applications and regions • The report gives the detailed analysis of the home security system market with the help of competitive landscape, value chain analysis, including the key companies in the market and their relations in the ecosystem. • The report helps stakeholders understand the pulse of the market and provides them the information on key drivers, restraints, challenges, and opportunities pertaining to the home security system market. Read the full report: https://www.reportlinker.com/p05495954 About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/the-home-security-system-market-is-expected-to-reach-usd-74-75-billion-by-2023-from-usd-45-58-billion-in-2018--at-a-cagr-of-10-40-300706258.html SOURCE Reportlinker |