Residential Security Market Research Report
The nationwide occurrence of house/condo theft is on the rise, with 2016 marking a record-breaking year as a number of homeowners and renters lose their hard-earned assets to crime. The rising trend in house/condo theft has revealed that the extent of this crime is reaching an all-time high as burglars are becoming more creative in breaking into residences and stealing expensive items. Growing incidence of house/condo theft against rising response levels witnessed by consumers who fear loss of personal wealth such as money, valuables and goods is fueling the rise of residential security organisations.
Over the recent decade, public safety has found a place on the list of most pressing issues facing society, alongside climate change and terrorism. Partnerships between property owners such as homeowners, businesses and real estate developers to take measures for security and safety have increased.The study provides an overview of residential security market which is the only segment of the electronic surveillance market. This report is a detailed table of contents on all major customizations, along with forecasting and vendor qualifiers in order to provide an exhaustive overview of the key features and state-of-the-art products, new innovations, patents and company profiles.
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Market Segmentation
The worldwide residential security market was valued at $US25.12 billion in 2017 and is expected to reach $US45 billion by 2030 end with a CAGR of 8.5%.Depending on thetype of products that are available in the market, it is segregated into three categories:
Based on the types of solutions that can be provided to the end users, to whom this can be marketed, the market has been categorised into :
They can either be installed on an independent residential area or within a gated apartment community. North America, Asia Pacific, Europe, and the Rest of the World are the four groups that fall in the markets category. This research have been conducted to present new & segmented market status on residence security product which are Gyms, Safe Rooms and Entry Protection product across regions (U.S, Canada) – providing an in-depth insight into the challenges faced by stakeholders for building successful residential security products within their industry vertical.
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Regional Classification
In order to identify the importers and exporters of security systems for residential, commercial and industrial buildings, a research is required to understand what drives industry growth or consumers choices about investing in new commercial or residential building security systems.The increase in house/condo thefts and bike-in-tub home invasions, rise in electronics and technological goods which are easier to steal, new technology use cases for securing properties, high growth witnessed by privacy systems space industry players pose the viable market opportunities for residential security business players.
Industry News
The residential security market is composed of various service providers or key players who seek to regulate traffic in and out of the building where they reside. Despite wide regional variation, certain common factors do help determine which states/regions are going to get what type. Honeywwell, Tyco and Allegion and their products and devices are key players in this field. Many smaller Key players operating in thousands are providers of home protection systems like ADT; international organizations like Interpol that support law enforcement agencies through surveillance activities which fuel demand pressure in infrastructural crimes allocation; progressive regulations related to fire machines.
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