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Global Home Security System Market Size, Growth, Trends, Research Report and Forecast 2018-2023

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Get more information about the market: According to the latest report by IMARC Group, titled “Home Security System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global home security system market reached a value of more than US$ 17 Billion in 2017. Request a sample report: Browse more reports on Technology & Media Industry: Contact Us IMARC Group USA: +1-631-791-1145 Email: sales@imarcgroup.com Follow us on twitter: @imarcglobal – PowerPoint PPT presentation

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Title: Global Home Security System Market Size, Growth, Trends, Research Report and Forecast 2018-2023


1

 Global Home Security System Market Driven by
Increased Concern over Criminal Activities
Copyright IMARC. All Rights Reserved
2
About IMARC Group
Report Description
IMARC is a leading advisor on management
strategy and market research worldwide. We
partner with clients in all sectors and regions
to identify their highest-value opportunities,
address their most critical challenges, and
transform their businesses. IMARCs information
products include major market, scientific,
economic and technological developments for
business leaders in pharmaceutical, industrial,
and high technology organizations. Market
forecasts and industry analysis for
biotechnology, advanced materials,
pharmaceuticals, food and beverage, travel and
tourism, nanotechnology and novel processing
methods are at the top of the companys
expertise. IMARCs tailored approach combines
unfathomable insight into the dynamics of
companies and markets with close cooperation at
all levels of the client organization. This
ensures that our clients achieve unmatchable
competitive advantage, build more proficient
organizations, and secure lasting results.
3
Report Description and Highlights
Report Description
Global Home Security System Market Driven by
Increased Concern over Criminal Activities The
global home security system market has been
experiencing a sustained growth over the past
several years. This can be accredited to the
growing technological advancements and the rising
security concerns across the globe. Home
security system is a network of integrated
electronic devices designed to detect and defend
against burglars and other potential home
intruders. It works on a simple principle of
securing all entry points by deploying sensors
throughout the home which can be monitored by a
control panel. A new research report by IMARC
Group, titled Home Security System Market
Global Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2018-2023, estimates
that the market reached a value of more than US
24 Billion in 2017. The report further
anticipates the market to cross US 36 Billion by
2023, at a projected CAGR of around 9 over the
forecast period.
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Report Description and Highlights
Report Description
  • Global Home Security System Market
    Drivers/Constraints
  • In the recent years, the rise in the crime rates,
    burglaries, and home invasions have led to
    increased security concerns among the consumers.
    This has accelerated the demand for enhanced home
    security system worldwide.  
  • The emergence of smart phones and the advancement
    in technology such as wireless integration and
    other "smart home" features which provide greater
    flexibility and convenience to the consumers are
    expected to be the other major drivers propelling
    the growth of home security system market across
    the globe.
  • The improvement in network infrastructure,
    broadband and internet penetration along with the
    introduction of home automation, service bundling
    and intelligent building are also contributing
    towards boosting the market for home security
    systems.
  • The high installation cost of home security
    systems and their maintenance has placed the
    technology out of reach from many consumers,
    thereby restraining the growth of the global home
    security system market. Moreover, the low rate of
    IT literacy, particularly in the under-developed
    nations is also marring the markets growth.
  • Read full report _at_ https//www.imarcgroup.com/ho
    me-security-system-market

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Report Description and Highlights
Report Description
Product Type Insights On the basis of type, the
market is segmented into security cameras,
electronic and smart locks, sensors and
detectors, alarms, security solutions and DIY
home security. Currently, security cameras are
the most popular product type, on account of
their various advantages such as high video
quality, Wi-Fi connectivity, accessibility on
Android and iOS devices through apps, and
replaceable and rechargeable batteries. Applicati
on Insights Based on application, the market is
segregated into the commercial, residential,
public and industrial sectors. Regional
Insights Region-wise, the report covers North
America, Asia-Pacific, Europe, Middle East and
Africa, and Latin America. Currently, North
America represents the largest region due to the
availability of low-cost devices and the
increasing usage of advanced technologies and
digitalization. Request Sample Of The Report
https//www.imarcgroup.com/request?typereportid
901flagB  
6
Report Description and Highlights
Report Description
  • Competitive Landscape
  • The market is highly fragmented with the presence
    of several small and large manufacturers who
    compete in terms of cost and quality. The
    innovation in technology and products has led to
    an intense competition among the leading
    manufacturers of the market. Some of the key
    players operating in the market are
  • Bosch Security Systems, Inc.,
  • Honeywell Security Group
  • Johnson Controls, Inc.,
  • Assa Abloy
  • UTC Climate Controls Security
  • Browse more related reports
  •  Home Audio Equipment Market https//www.imarcgr
    oup.com/home-audio-equipment-market
  • Payment Gateways Market https//www.imarcgroup.co
    m/payment-gateways-market


7
Report Description and Highlights
Report Description

2017 IMARC All Rights Reserved This
Publication and all its contents unless
otherwise mentioned are copyrighted in the name
of International Market Analysis Research and
Consulting (IMARC). No part of this publication
may be reproduced, repackaged, redistributed or
resold in whole or in any part. The publication
may also not be used in any form or by and means
graphic electronic or mechanical, including
photocopying, recording, taping or by information
storage or retrieval, or by any other form,
without the express consent of International
Market Analysis Research and Consulting
(IMARC). Disclaimer All contents and data of
this publication, including forecasts, data
analysis and opinion have been based on
information and sources believed to be accurate
and reliable at the time of publishing.
International Market Analysis Research and
Consulting makes no representation of warranty of
any kind as to the accuracy or completeness of
any Information provided. IMARC accepts no
liability whatsoever for any loss or damage
resulting from opinion, errors or inaccuracies if
any found this publication. IMARC, IMARC Group
and Global Therapy Insight Series are registered
trademarks of International Market Analysis
Research and Consulting. All other trademarks
used in this publication are registered
trademarks of their respective companies.
8

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