Published On : 28 Nov 2016
QY Research has announced the addition of a new research report to its online repository. The research report, titled “Global Residential Security System Sales Market Report 2016,” discusses the various factors impacting the market. Furthermore, the report studies the historical data pertaining to the global market and compares it with the current market scenario to provide its readers a trajectory of the market’s growth. The research report has been compiled using primary and secondary research methodologies to provide the readers an exact and an accurate assessment of the market dynamics.
The growing pressure of theft and security breaches in the residential sectors have triggered a mammoth demand for security systems. These systems are designed to identify unauthorized access, possibility of theft, or any other crime in residential buildings or in individual homes. The market is anticipated to exhibit a good growth rate in the coming years as companies are making significant investments in making technological innovations that equip these systems with high-quality cameras and smart locking systems. The new-age security systems can also be accessed through smartphones, laptops, or tablet devices from remote locations.
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The uptake and adoption of Internet of Things in enhancing the functioning of residential security systems have also driven the global market in the past few years. The same factor is expected to ensure continued growth of the global market in the coming few years as well. These systems are equipped with features such as intruder alarms, access control, and video surveillance for a 360-degree approach toward averting a security threat. Analysts anticipate that incorporation of IoT will add to the value of these features. The market is also expected to witness the introduction of residential security systems that will be able to detect and respond to changes such as sound, heat, motion, lights, and temperature to alert the users.
The research report segments the market on the basis of products, application, and geography. In terms of geography, the global market is segmented into Canada, United States, Japan, China, and Europe. Currently, North America holds a dominant share in the global market and is expected to show its dominance in the coming years as well. The increasing acceptance of newer technologies and rising disposable income are collectively contributing to the steady adoption of residential security systems in this regional market. Asia Pacific is expected to be an emerging market as the region is making sincere efforts at tackling security thefts and crime rates. Furthermore, the sales of residential security systems in Asia Pacific are expected to spike as new construction projects are investing in modernizing homes and overall amenities offered to home buyers.
Some of the leading players operating in the global residential security systems sales market are ADT Security Services, Monitronics International, ASSA ABLOY, Bosch Security Systems, Honeywell International, Nortek Security and Control, Tyco Security Products, A2 Systems, Axis Communications, DvTel, Gallagher, Hikvision Digital, Genetec, Intergraph, Alarm.com, Ketec, Lenel Systems, MOBOTIX, Vivint, and Moonblink. The research report has profiled these players and provided a thorough assessment of the business and marketing strategies, research and developing activities, expansion plans, and financial outlooks of these players for the forecast period.