Opportunities for the global home security market to reach $51.5 billion by 2022 -USD 75,039

Publish Date: 13-07-2018 13:26:56 | Contact name: Lucintel | Location: USA | Place: Lucintel, 8951 Cypress Waters Blvd., Suite 160, Dallas, TX 75019 | 1 times displayed |



According to
a new market report published by Lucintel, 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
is forecast to grow at a CAGR of 9.2% from 2017 to 2022. The major growth
drivers for this market are increasing rate of crime, declining prices of
security products, increasing awareness related to safety and security, and the
growing adaption of cloud-based technologies.



In this market, equipment (electronic lock, video
surveillance, fire sprinklers & extinguishers, and intruder alarms) and
services are the segments by type. Lucintel forecasts that the home security service
is expected to remain the largest segment due to the increasing need for continuous
monitoring services to reduce the risk of crime, burglary, and theft. The
equipment segment is expected to experience the highest growth rate during the
forecast period, supported by the increasing demand for electronic locks and
intruder alarms to protect unauthorized access in residential premises.



Within the home security market, professional
installed is expected to remain the largest installation type due to the
increasing demand for 24/7 monitoring service. Lucintel predicts that the DIY
(Do-it-yourself) segment is expected to experience the highest growth rate during
the forecast period, supported by easy configuration and less installation cost.



North America
is expected to remain the largest region during the forecast period due to the increasing
usage of technologies and digitalization in the US and Canada. Asia Pacific is
expected to witness the highest growth over the forecast period because of increasing
awareness on home safety and security.



Emerging
trends, which have a direct impact on the dynamics of the industry, include adoption
of artificial intelligence and machine learning software in the residential
security sector and constant developments of security technologies, such as
smart cameras and sensors. ADT
Corporation, Monitronics International, Vivint Inc., Protection One, and UTC
Fire & Security are among the major home security system & service providers.



Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the global home security market
by type, installation type, and region and has come up with a comprehensive
research report entitled “Growth
Opportunities in the Global Home Security Market 2017-2022: Trends, Forecast,
and Opportunity Analysis
.” The Lucintel report serves as a
catalyst for growth strategy as it provides a comprehensive data and analysis
on trends, key drivers, and directions. The study includes a forecast for the
global home security market by type, type of installation, and region as
follows:



By Product and Service Type [$M shipment analysis from 2011 to 2022]:



·
Equipment



− Electronic
Lock



− Video
Surveillance



− Fire
Sprinklers & Extinguishers



− Intruder
Alarms



·
Services



By Type
of Installation [$M shipment analysis
from 2011 to 2022]:



·
DIY



·
Professional



By Region [$M shipment analysis for 2011 –
2022]:



·
North America



– United
States



– Canada



– Mexico



·
Europe



– United
Kingdom



– Germany



– France



·
Asia Pacific



– Japan



– China



– South
Korea



– India



·
The Rest of the World



This
140-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or
helpdesk@lucintel.com. Lucintel offerings
include Telecommunication
Report
, Telecommunication
Market Report
, Opportunity
Screening and Analysis
, Capital
Investment Feasibility
and SWOT Matrix.





About
Lucintel



Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.



This
report answers following 11 key questions:





Q.1 What are some of the most
promising, high-growth opportunities for the global home security market by
type (equipment and service), by type of installation (DIY type and
professional type), and by region (North America, Europe, Asia Pacific, and the
Rest of the World)?



Q.
2 Which segments will grow at a faster pace and why?



Q.3
Which regions will grow at a faster pace and why?



Q.4
What are the key factors affecting market dynamics? What are the drivers and
challenges of the market?



Q.5
What are the business risks and threats to the market?



Q.6
What are the emerging trends in this market and reasons behind them?



Q.7
What are some changing demands of customers in the market?



Q.8
What are the new developments in the market? Which companies are leading these
developments?



Q.9
Who are the major players in this market? What strategic initiatives are being
implemented by key players for business growth?



Q.10
What are some of the competitive products and processes in this area and how
big of a threat do they pose for loss of market share via product substitution?



Q.11
What M&A activity has occurred in the
last 5 years?





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