Rapid technological advancements have led to development of smarter and better security solutions and devices at cheaper costs. Devices such as sensors provide real-time information of activities occurring in an environment, and the same can be accessed through over smartphones or tablets, granting customers remote access to the information.
The global residential security market is driven by factors such as rapid growth in IoT, decreasing cost of security equipment such as security camera, growing need for advanced residential protection plans, and heightened adoption of smart security devices.
In addition, smart intercom and app based security systems (wireless) have also gained interest of independent as well as residential communities and societies as an all-in-one security system.
Another factor driving the global residential security market is technological advancement in fire extinguishers and sprinklers. Though fire sprinklers and extinguishers have been used as a means of ensuring residential security for more than a decade, with advancement in technology, automatic sprinklers and instant fire extinguishers have been developed.
Smart home fire sprinklers and extinguishers can enable residents to control and tackle fire within a short span of time
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This market research analysis identifies the rise in the number of threats to residential buildings as one of the primary growth factors for the home security systems market. As a result of the increasing incidences of thefts and unauthorized access to individual homes and residential buildings, end-users have started equipping residential buildings with special platforms that will help them access electronic devices at home through mobile devices such as smartphones, tablets computers, and laptops from remote locations.
Home security solutions such as security cameras and smart locks are robust and reliable and are effective in preventing unwanted access to residences.
The emergence of Internet of Things (IoT) in residential security systems will be one of the major trends that will gain traction in this market in the next four years. Home security products such as access control, intruder alarms, and video surveillance are self-contained and are configured only for specific purposes.
The use of IoT can improve existing security features as it can provide data, that will help in predicting security features that respond to situations relating to property or people. Vendors such as Cisco Systems and Tyco Security Products have already started offering home security solutions that detect changes in heat, sound, and motion and alert customers.
IoT analyzes this data and automatically adjusts the temperature, lights, and other electronics as preferred by users.
Top Market Player’s
Blue Ridge, ADT, Protect America, Schneider Electric, Honeywell, Guardian Alarm, Rosslare Security, McAfee (Intel Security), LifeShield Home Security, SimpliSafe, Protection One, Lorex, Tyco, Frontpoint Security, Smarthome Solution Center, Visonic Wireless Security
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Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of Residential Security in these regions, from 2011 to 2021 (forecast), like
- North America
- Southeast Asia
Split by Product Types, with production, revenue, price, market share and growth rate of each type, can be divided into
- Doors & Locks
- Lighting & Alarm systems
- Motion detectors & Security camera systems
Split by applications, this report focuses on consumption, market share and growth rate of Residential Security in each application, can be divided into
- Residential quarter
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