Growth Opportunities in the Global Home Security Market
The future of the home security market looks attractive with opportunities in the residential sector.The global home security market is expected to reach an estimated $51.5 billion by 2022 and it isforecast to grow at a CAGR of 9.2% from 2017 to 2022. The major growth drivers for this marketare increasing rate of crime, declining prices of security products, increasing awareness related tosafety and security, and the growing adaption of cloud-based technologies.
In this market, equipment (electronic lock, video surveillance, fire sprinklers & extinguishers, andintruder alarms) and services are the segments by type. Lucintel forecasts that the home securityservice is expected to remain the largest segment due to the increasing need for continuousmonitoring services to reduce the risk of crime, burglary, and theft. The equipment segment isexpected to experience the highest growth rate during the forecast period, supported by theincreasing demand for electronic locks and intruder alarms to protect unauthorized access inresidential premises.
Within the home security market, professional installed is expected to remain the largest installationtype due to the increasing demand for 24/7 monitoring service. Lucintel predicts that the DIY (Doit-yourself) segment is expected to experience the highest growth rate during the forecast period,supported by easy configuration and less installation cost.
This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in this market.This report will save hundreds of hours of your own personal research time and will significantlybenefit you in expanding your business in this market. In today’s challenging economy, you needevery advantage that you can find.
Scope and Features of This Report:
To make critical business, investment, or strategic decisions, you need timely useful information.
This market report fulfills this core need and is an indispensable reference guide for materialsuppliers, product manufacturers, investors, executives, distributors, and more that operate in thismarket. Some of the features and scope of this report include the following:
Market size estimates: Growth opportunities in the global home security market in terms
of value ($M) shipment
Trend and forecast analysis: Global home security market trend (2011-2016) and
forecast (2017-2022) by region and segment
Segmentation analysis: Global home security market size from 2011 to 2022 by product
and service type, installation type and region type as follows:
Global home security market size by product and service type:
Fire Sprinklers & Extinguishers
Global home security market size by installation type:
Global home security market size by region type:
Regional analysis: Global home security market breakdown by key regions of North America, Europe, Asia Pacific, and the Rest of the World
Growth opportunities: Analysis of growth opportunities in product and service, installation, and regions.
Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of global home security market suppliers.
Emerging applications: Emerging applications of home security in the global home security market.
Analysis of the competitive intensity of the industry based on Porter’s Five Forces model.