DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/cknb9q/home_security) has announced the addition of the "Home Security Solutions Market - Global Forecast to 2020" report to their offering.
Security is the major concern for industry verticals such as commercial areas, residential areas, and public places. The major reasons behind this are the alarming crime rates on global basis and unethical practices. With regards to this, electronic security equipment is expected to find potential opportunities in this market.
The entry level of security solutions in the residential sector has been witnessing a rapid growth since the last few years. There are several factors that can be attributed to this growth, such as increase in home burglary rates, attractive insurance policies to residents for installation of security solutions, and growing number of smart phone and tablet users.
Despite the numerous advantages offered by home security systems, lack of awareness about technological encroachments and a high installment cost of security solutions are some of the important restraints toward the growth of the home security system solutions market. A rise in the awareness level among consumers and increased adoption of new technology for home security would gradually result in cost reduction of the solution, thus driving the market for home security solutions.
The global home security solutions market is expected to grow at a CAGR of 8.7% between 2015 and 2020. The overall market was valued at $28,318.69 Million in 2014 and is expected to grow to $47,542.52 Million by 2020.
- Allegion PLC
- Assa Abloy
- Control4 Corporation
- Godrej & Boyce Manufacturing Company Limited
- Honeywell International Inc.
- Ingersoll Rand
- Nortek Security & Control LLC
- Robert Bosch GmbH
United Technologies Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Market, By Product
8 Market, By Solution
9 Market By Home Type
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
For more information visit http://www.researchandmarkets.com/research/cknb9q/home_security