Global Home Security System Market 2018-2022
About home security systems
Home security solutions include video surveillance systems, alarm systems, and access control systems. Integrated home networks play a vital role in the effective functionality of these security systems. Innovations in the home security system market such as decreased hardware prices, advances in wireless standards, and smartphone penetration will fuel the growth of this market.
Technavio’s analysts forecast the Global home security systems to grow at a CAGR of 6.66% during the period 2017-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global home security systems market 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of home security systems.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global home security systems market 2018-2022.
Technavio recognizes the following companies as the key players in the Global home security systems market.
Commenting on the report, an analyst from Technavio’s team said: One trend affecting the market is increasing advances in sensor technologies.
According to the report, one driver affecting the market is growing adoption of smart homes.
Further, the report states that one challenge affecting the market is increasing instances of false alarms.
FrontPoint Security Solutions