Residential security Market |Industry Outlook, Research, Trends
|Parameters And Forecast To 2024
The future of global Residential security market is predicted to be attractive with
increasing number of threats in the residential sector across the globe. As per the study,
the market is estimated to reach above USD 67,000 million by 2024. On the account of
substantial development in technologies, such as Internet of Things (IoT), adoption of
cloud based security technologies and rapid increase in demand for advanced security
solutions, like alert systems and wireless locks, this market is gaining more traction.
Lucrative opportunities which firms a positive future of the global Residential security
market includes the introduction of predictive intelligence in Residential security
solutions, and growth in the do it yourself (DIY) security solutions. Emerging trends
which promises a continuous growth of the global Residential security market comprises
of rapid emergence of the wireless residential security which act as a status trend in
many developing regions.
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Key Stakeholders
Security Equipment Providers
Industrial & Home Security Providers
Software & Hardware Providers
Electrical & Electronic Device Suppliers
Telecommunication Providers
Cloud Service Providers
Professional & Managed Service Providers
Real Estate Builders
Safety Standard Providers
Investors
Research Summary
According to BlueWeave Consulting, the key findings of the report “Global Residential
Security Market Size, Share, Development, Growth and Demand Forecast to 2024” are:
As per the research, sale of security cameras was highest amongst other
residential security products. Further, security camera segment is expected to
continue with its highest revenue contribution during the forecast period.
Security cameras are one of the fundamental devices for Residential security,
which are purchased by every Residential owner who wants to immune their
property against unexpected intrusions.