Enjoy complimentary customisation on priority with our Enterprise License!
Market research analysts at Technavio predict that the global residential security systems market will grow steadily over the next four years and will post a CAGR of more than 7% by 2020. This market research analysis identifies the rise in the number of threats to residential buildings as one of the primary growth factors for the home security systems market. As a result of the increasing incidences of thefts and unauthorized access to individual homes and residential buildings, end-users have started equipping residential buildings with special platforms that will help them access electronic devices at home through mobile devices such as smartphones, tablets computers, and laptops from remote locations. Home security solutions such as security cameras and smart locks are robust and reliable and are effective in preventing unwanted access to residences.
The emergence of Internet of Things (IoT) in residential security systems will be one of the major trends that will gain traction in this market in the next four years. Home security products such as access control, intruder alarms, and video surveillance are self-contained and are configured only for specific purposes. The use of IoT can improve existing security features as it can provide data, that will help in predicting security features that respond to situations relating to property or people. Vendors such as Cisco Systems and Tyco Security Products have already started offering home security solutions that detect changes in heat, sound, and motion and alert customers. IoT analyzes this data and automatically adjusts the temperature, lights, and other electronics as preferred by users.
The market has a presence of numerous vendors and is characterized by the domination of a few home security companies who hold major market shares. Technological innovations play a significant role in the growth of vendors. The recent years have witnessed market consolidation and analysts estimate this trend to continue in the coming years as well. The market will also witness the entry of a considerable number of private labels and startups, especially in the DIY residential security products market, intensifying the already fierce competitive environment. To sustain the competition and gain a considerable market share, vendors have the need to expand their portfolios and distinguish their product and service offerings through a clear and unique value proposition.
The leading vendors in the market are -
The other prominent vendors in the market are A2 Systems, Alarm.com, Axis Communications, DvTel, Gallagher, Genetec, Hikvision Digital, Intergraph, Ketec, Lenel Systems, MOBOTIX, Monitronics International, Moonblink, and Vivint.
The security cameras segment was the major revenue contributor to the home security systems market during 2015. Technological innovations such as replaceable and rechargeable batteries and Wi-Fi connectivity play a significant role in propelling the demand for security cameras. Video quality is also a major buying criterion among end-users and vendors have started introducing new products to eliminate technical glitches such as lag times and blurriness. The introduction of IP-based cameras and remote monitoring using smartphones will also augment the market segment’s growth prospects.
This market study estimates that in terms of geographical regions, North America will be the major revenue contributor to the market throughout the forecast period. The increased adoption of mobile exhibitions by companies to demonstrate their offerings and the rise in demand for integration-enabled solutions from end-users will fuel market growth in this region.
Technavio also offers customization on reports based on specific client requirement.
The idea of home security solutions followed the concept of car alarms, in the early 1990s. The security systems including false alarms were unreliable and expensive during their emergence. Later, with advancement in technology, better home security solutions came into existence, and the cost of such equipment became comparatively low. A few standard features that are available in residential security systems are cameras, night-vision, electronic and smart locks, wireless devices, internet connectivity, motion -sensitivity, among others. The demand for residential security system solutions has increased with the fall in their prices, thereby, generating more public interests towards security systems.
The report, global residential security systems market, is part of Technavio’s hardware and semiconductor research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as computing devices, displays, embedded systems, human machine interface, lighting, semiconductor equipment, and sensors. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by products
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Summary of key figures
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Emerging products
PART 16: Vendor landscape
PART 17: Appendix
PART 18: Explore Technavio
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.