Penetration of Internet of Things (IoT) to Drive Residential Security Market Growth
by navdeep kaurav Research AnalystThe residential security market is observing a trend of having home automation and residential security as a status symbol. Technological advancements in security solutions and home automation systems have enabled users to activate and deactivate not only controls for heat and temperature, but also alert systems and smart locks as per their need. Independent home owners and real estate builders are installing security solutions that offer features, such as fire extinguishers, burglar alarm systems, and smart locks, to keep up with the changing requirements and social status.
Another
trend in the residential security market is the emergence of wireless
home security. A large number of service providers have entered this domain
owing to the rapidly evolving wireless security solutions and their reducing
costs. They provide a better coverage around the house as compared to wired
home security systems. Wireless variants provide a better security solution as
no wired connections are involved and these cannot be dismantled by burglars
before breaking-in to the house.
Enquire Before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=residential-security-market
The
residential security market is segmented by product, geography,
solution, and residential type. The solution segment is categorized into access
control & management, intercom system, audio-visual surveillance, home
integrated security, and fire protection. The largest revenue-generating
solution category in 2013–2016 (historical period) was audio-visual
surveillance. However, during the forecast period, home integrated security is
expected to be the fastest-growing category due to the ability to seamlessly
integrate the new technology in the existing residential infrastructure.
Therefore,
the market for residential security systems is expected to prosper in the
forecast period as people are becoming aware of the convenience and advanced
features these offer amidst the increasing cases of burglary.
Get More Information Visit: P&S Intelligence
Sponsor Ads
Created on Sep 26th 2019 06:25. Viewed 465 times.