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Home security solutions market by addressing scheme

  • Author:P · Kumar
  • Source:https://www.linkedin.com/group
  • Release on:2016-07-12
Home security solutions market by addressing scheme (intrusion alarm, intercom, access control, fire control, integrated security, video surveillance and other) worth $ 47,542.52 million in 2020

Global home security solutions market size is estimated from USD 31.36 billion US dollars in 2015 to 2020 will grow to $ 4.754 billion US dollars, 8.68% in 2015 and 2020, an estimated compound annual growth rate.
A major player in the global home security solutions market is Tyco (Ireland), Assa Abloy (Sweden), UTC Fire place; security (US), Honeywell International Inc. (USA), Bosch Security Systems ( Germany), Ingersoll-Rand solutions (Ireland), Allegion PLC (Ireland), Godrej and amp; Boyce manufacturing Co., Ltd. (India), Control4 company (USA), Alarm.com (United States), and Nortek and security; control limited liability company (USA).
Home or residential security is among the current market situation major problem. The main reason behind this is alarming crime on a global basis and unethical behavior. As for this, electronic security equipment is expected to find potential opportunities in this market. Security solutions in the residential sector has been witnessing entry-level rapid growth in the past few years. There are signs that can be attributed to this growth, such as increased home burglary rates, attractive insurance policy for residents to install security solutions, as well as a growing number of several factors smartphone and tablet users.