Among various solutions, demand for audio visual surveillance segment
witnessed the highest growth during 2014-2017. However, Residential
integrated security segment is anticipated to lead the market with highest
growth rate, during the forecast period. Among smart locks, electronic door
locks contributed highest revenue to the global market, however, the sales of
next generation wireless locks is expected to grow fastest in the coming years
North America has been the largest market for Residential security due to
mass adoption of Residential security solutions by the citizens, and an
updated mindset for securing their Residential with security solutions
Asia-Pacific is likely to grow fastest among all regions, during the forecast
period. The anticipated growth of Asia-Pacific market is due to 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 countries like India, China, and Singapore
Several government initiatives like smart city projects, Asia-Pacific Residential
security market has high propensity to witness a rapid growth in near future
Research Methodology
Extensive secondary research was conducted using paid data sources including
Bloomberg, Factiva, Capital IQ, OneSource, and Hoovers. Additionally, several publicly-
available data sources were used including journals, statistics articles, and industry
associations. These data sources were used to gather relevant information to develop an
understanding on the global residential security market. The research was conducted
covering the desk research and primary research. Data sources used for primary
research included online forums and blogs, CATI/CAWI, CAPI interviews, and video
conferences. Additionally, interviews were conducted through connecting with various
industry respondents including C-level executives, directors, divisional heads, regional
heads, expert consultants, and independent consultants. The primary research was
conducted to gain market insights from industry respondents and validate the gathered
information through desk research.
Competitive Dynamics
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 global Residential security ecosystem are
Bosch Security Systems Inc, Honeywell Security Group, Alarm.Com, Allegion PLC,
Ingersoll Rand, Nortek Security & Control LLC, United Technologies Corporation, Control4
Corporation, and Godrej & Boyce Mfg. Co. Ltd.
Browse full Research Report@
https://www.blueweaveconsulting.com/residential-security-market/
TABLE OF CONTENTS
Chapter One:
Research Objective
Chapter Two:
Research Methodology
Chapter Three: Executive Summary
Chapter Four: Market Introduction