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The Home Security Products and Solutions Market is estimated to grow from USD xx billion in 2020 to USD xx billion by 2026 at a healthy CAGR of 9.7% during the forecast period.
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Presents a Research Report on Home Security Products and Solutions Market The report on the Home Security Products and Solutions Market is segmented By Product (Electronic Locks [Keypad Locks, Biometric Locks, Magnetic Strip Locks, Electric Strip Locks, Electromechanical Door Locks, Wireless Locks], Sensors, Cameras, 7.5 Panic Buttons, Fire Sprinklers & Extinguishers, Alarms), By Solution (Medical Alert System, Access Control & Management Solution, Intruder Alarm Solution, Intercom System, Video Surveillance Solution, Fire Protection System, Integrated Security Solution), By Home Type (Independent Homes, Condominiums, Apartments) and Region - COVID-19 Impact Analysis and Forecast to 2026. sales@stratviewresearch.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence
The Home Security Products and Solutions Market Highlights& Drivers • The Home Security Products and Solutions Market is estimated to grow from USD xx billion in 2020 to USD xx billion by 2026 at a healthy CAGR of 9.7% during the forecast period. • The growing need for home security solutions has led to the entrance of home security service providers across the globe, positively boosting the product demand. Also, due to the increase in instances of safety concerns, the need for security measures by residential homes, the industry is expanding. Integrated home security systems enable monitoring of residences by connecting them to smartphones is an outcome of the emergence of smart homes, thus offering lucrative opportunities to the industry players. • MarketInsight • Solution Trends: • Based on product, the home security products and solutions market is classified into the medical alert system, access control & management solution, intruder alarm solution, intercom system, video surveillance solution, fire protection system, an integrated security solution. • The video surveillance solution segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. Video analytics improves the performance of video surveillance systems through post-event analysis, real-time event detection, and statistical data extraction while saving manpower costs and improving the effectiveness of the surveillance system operations, further bolstering the segment growth.
Market Insight & Competitive Insights • By Region: • By region, the North American market accounted for a significant share in 2020 and is expected to grow at a substantial CAGR in the following years. This is mainly ascribed to a rise in household income, rapid urbanization, change in lifestyles of the population, and early adoption of home security systems in this region. Moreover, the introduction of IoT and the development of smart cities further proliferate the regional market growth. • Key Players • Assa Abloy (Sweden) • United Technologies Corporation (US) • Honeywell International Inc. (US) • Robert Bosch GmbH (Germany) • Ingersoll Rand (Ireland) • Allegion PLC (Ireland) • Godrej & Boyce Manufacturing Company Limited (India) • Control4 Corporation (US) • Alarm.com (US) • Nortek Security & Control LLC (US)
Data Analysis (Top Down and Bottom Up Approach) Research Methodology Data Triangulation (Data Evaluation and Multiple Data Triangulation) Final Deliverables (Final Report with All Findings) Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. • Secondary Research • Stratview Research Internal Knowledgebase Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others
Report Features • This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: • Market structure: Overview, industry life cycle analysis, supply chain analysis. • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis. • Market trend and forecast analysis. • Market segment trend and forecast. • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities. • Emerging trends. • Strategic growth opportunities for the existing and new players. • Key success factors.
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