Global Residential Security Systems Market

2016-09-23
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Published : Sep-2016
No. of Pages : 73

Global Residential Security Systems Market 2016-2020

The following companies are the key players in the report global residential security systems market: ADT Security Services, ASSA ABLOY, Bosch Security Systems, Honeywell International Nortek Security and Control, Tyco Security Products, A2 Systems, Alarm.com, Axis Communications, DvTel, Gallagher, Genetec, Hikvision Digital, Intergraph, Ketec, Lenel Systems, MOBOTIX, Monitronics International, Moonblink, and Vivint

Commenting on the report, an analyst said that emergence of IoT in residential security systems is one the key trends. Earlier, security solutions such as access control, intruder alarms, and video surveillance were self-contained and not connected to other systems. Also, they were configured for specific purposes. Closed circuit television (CCTV) systems had cameras linked through cable with proprietary communications to a video controller. Users had authorizations like identity tokens, badges, or fobs that connected directly to the access management tool system. Equipment was monitored and serviced by facility teams or contractors.

According to the report, rising threats to residential buildings is one of the drivers promoting growth. The increasing incidences in the number of criminal activities, thefts, and unauthorized access to individual homes and residential buildings have increased the threat among the owners. Hence, residential buildings are being equipped with a special platform, which will help its occupants to remotely access electronic devices at home via mobile devices such as smartphones, tablets, and laptops. This includes energy management, lighting control, controlling safety and security, and electronic locks. The security provided by monitoring solutions is robust and reliable and can prevent unwanted access to residences.

Further, the report states that threat to user privacy is one of the challenges that the market is facing. The smart home provides enhanced technology and improved experience in various fields such as energy management and home appliances management apart from home automation and security. However, there have been instances of smart homes hacking, which can be a major threat to the market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Filed in: Semiconductor & Electronics
Publisher : Technavio