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Residential Security Market by Product, Solution, Residential Type, Growth, and Industry Demand Forecast to 2023.

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Presentation on theme: "Residential Security Market by Product, Solution, Residential Type, Growth, and Industry Demand Forecast to 2023."— Presentation transcript:

1 www.psmarketresearch.com Residential Security Market by Product, Solution, Residential Type, Growth, and Industry Demand Forecast to 2023

2 P&S Intelligence Residential Security Market The study reveals that the global residential security market is estimated to reach $60,765.2 million by 2023. On account of significant advancement in technologies such as Internet of Things (IoT), adoption of cloud based security technologies and rapid increase in demand for advanced security solutions, such as alert systems and wireless locks, the global residential security market is gaining traction. Insights on market segments As per the findings of the research, security cameras have been the largest market among residential security products. Further, security camera segment is expected to continue its highest revenue contribution during the forecast period. Security cameras are one of the fundamental devices for residential security, which are sought by everyone looking to immune their abode against security threats. Among various solutions, audio visual surveillance segment witnessed the highest growth in demand during 2013-2016. However, home integrated security segment is expected to lead the market with highest growth rate, during the forecast period.residential security market

3 P&S Intelligence Residential Security Market Geographically, North America has been the largest market for residential security, whereas Asia-Pacific is expected to witness the fastest growth among all regions, during the forecast period. The anticipated growth in market can be attributed to increasing digitalization, advancement in new technologies, growth in security equipment industry, and increasing adoption of connected technologies such as Internet of Things (IoT) by residential security providers in the region. MARKET SEGMENTATION Market Segmentation by Product Security Cameras Smart Locks Electronic Door Locks Biometric Locks Keypad Locks Wireless Locks Sensors Security Alarms Fire Sprinklers & Extinguishers

4 P&S Intelligence Residential Security Market The research states that the global residential security market is highly competitive, with players developing new residential security applications and smart security solutions. Some of the key players in the residential security ecosystem are Bosch Security Systems Inc, Honeywell Security Group, Alarm.Com, Allegion PLC, Nortek Security & Control LLC, United Technologies Corporation, Ingersoll Rand, Control4 Corporation, and Godrej & Boyce Mfg. Co. Ltd. Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/residential-security- market/report-samplehttps://www.psmarketresearch.com/market-analysis/residential-security- market/report-sample

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