Interactive Residential Security Market in the US 2015-2019
About Interactive Residential Security
Interactive residential security is a part of physical security and ensures the safety of residential buildings and individuals from various attacks with the help of interactive systems by reducing emergency response time. With an increase in theft and burglary in residences and a rise in the aging population in the US, the demand for interactive residential security solutions such as energy management and climate control systems and PERS has increased. The installation of physical security solutions in residences has led to a reduction in the number of criminal attacks on residences. Residential security solutions provide around-the-clock protection to residences from gas leaks, fire, and other hazards. They provide 24/7 monitoring services to homeowners and an option to raise an alert in case of emergency.
In US, such solutions are also used to monitor infants and pets at home. Also, they are accessible from any remote location through smart devices such as cell phones, tablets, and laptops.
Technavio's analysts forecast the interactive residential security market in the US to grow at a CAGR of 31.87% over the period 2014-2019.
Covered in this report
The report covers the present scenario and growth prospects of the interactive residential security market in the US for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of following applications:
Technavio Announces the Publication of its Research Report – Interactive Residential Security Market in the US 2015-2019
Technavio recognizes the following companies as the key players in the interactive residential security market in the US: ADT, AT&T, CenturyLink, Comcast, Honeywell, Interlogix and Protect America
Other Prominent Vendors in the market are: Amdocs, Arrayent, CentraLite, Ecobee, Electrolux Home Products, Google, IBM, Ingenious Med, Ingersoll-Rand, Intel-GE Care,, Leviton Manufacturing, LG, Lutron Electronics, Numera, Overhead Door, Radio Thermostat Company of America, Savant Systems, Siemens, Somfy Systems, Tendril Networks, Tyco, Universal Electronics, Versus Technology, VIA International and Whirlpool.
Commenting on the report, an analyst from Technavio’s team said: “The availability of wearable devices to enable doctors to monitor patients regularly from remote locations. In an emergency, the PERS raises an alert, helping doctors to respond immediately. This trend will accelerate market growth during the forecast period.”
According to the report, in the US, the usage of home and kitchen appliances such as TVs, refrigerators, security cameras, dishwashers, and microwaves has increased. However, these appliances often have high energy consumption, and the rising cost of energy has led consumers to look for energy-efficient solutions. For example, there are smart homes that use programmable thermostats, occupation detectors and motion sensors, solar-powered products, and zone-based thermostats to conserve energy and improve efficiency.
Further, the report states that uncertain economic conditions in the US will reduce vendor spending. This will lead to a decline in the quality of security solutions provided by these vendors and thereby affect market growth.
ADT, AT&T, CenturyLink, Comcast, Honeywell, Interlogix, Protect America, Amdocs, Arrayent, CentraLite, Ecobee, Electrolux Home Products, Google, IBM, Ingenious Med, Ingersoll-Rand, Intel-GE Care,, Leviton Manufacturing, LG, Lutron Electronics, Numera, Overhead Door, Radio Thermostat Company of America, Savant Systems, Siemens, Somfy Systems, Tendril Networks, Tyco, Universal Electronics, Versus Technology, VIA International, Whirlpool
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