Residential and Commercial Security Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR71029
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The residential and commercial security market has the potential to grow by USD 24.71 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 9.11%.

This residential and commercial security market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (surveillance systems, access control system, and software), end-user (commercial security and residential security), and geography (APAC, North America, Europe, MEA, and South America). The residential and commercial security market report also offers information on several market vendors, including AxxonSoft Inc., Canon Inc., Genetec Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Johnson Controls International Plc, Motorola Solutions Inc., Robert Bosch GmbH, Sony Group Corp., and Zhejiang Dahua Technology Co. Ltd. among others.

What will the Residential and Commercial Security Market Size be in 2021?

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Residential and Commercial Security Market: Key Drivers and Trends

The increase in the number of potential threats for residential and commercial end-users is notably driving the residential and commercial security system market growth, although factors such as the increase in the number of cyberattacks on smart security systems may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the residential and commercial security industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • The increase in the number of potential threats for residential and commercial end-users will fuel the growth of the residential and commercial security market size.
  • In the case of residential end-users, there is a surge in the instances of criminal activities, theft, and unauthorized access.
  • The commercial end-users, which include retail stores, shopping malls, office buildings, medical centers, and warehouses, are also witnessing a drastic rise in the number of criminal activities.
  • Security solutions are very much needed for end-users to protect their properties, including the structure of the facility and the valuable assets within the building.
  • Security solutions, such as electronic article surveillance (EAS), intruder alarms, and surveillance systems, in the retail sector help in controlling the inflow and outflow of products.
  • The rising applications of integrated security solutions are expected to fuel the growth of the residential and commercial security market during the forecast period. 
  • An integrated security solution is a security platform that has different components and an access control system. It belongs to a larger and sophisticated security system.
  • Integrated security solutions help in consolidating physical security applications and logical security applications into a single system.
  • A biometric security system is one of the widely used integrated security systems in the commercial sector.
  • Most of the residential and commercial end-users prefer integrated security solutions to stand-alone security solutions, as stand-alone security solutions may lead to integration issues.
  • Many of the commercial end-users require advanced integrated security solutions to protect their sensitive information. 

This residential and commercial security market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Residential and Commercial Security Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AxxonSoft Inc.
  • Canon Inc.
  • Genetec Inc.
  • Hangzhou Hikvision Digital Technology Co. Ltd.
  • Johnson Controls International Plc
  • Motorola Solutions Inc.
  • Robert Bosch GmbH
  • Sony Group Corp.
  • Zhejiang Dahua Technology Co. Ltd.

 

This statistical study of the residential and commercial security market encompasses successful business strategies deployed by the key vendors. The residential and commercial security system market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The residential and commercial security market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Residential and Commercial Security Market?

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47% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for residential and commercial security in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Residential and Commercial Security Market?

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The residential and commercial security market share growth by the surveillance systems segment will be significant during the forecast period. Surveillance systems aid in monitoring the behavior of people in an organization, which will help protect confidential data. The rise in the adoption of surveillance systems is expected to propel the growth of the global residential and commercial security market during the forecast period. Some of the major surveillance system vendors are focusing on developing new products.

This report provides an accurate prediction of the contribution of all the segments to the growth of the residential and commercial security system market size and actionable market insights on post COVID-19 impact on each segment.

 

Residential and Commercial Security Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 9.11%

Market growth 2021-2025

$ 24.71 billion

Market structure

Fragmented

YoY growth (%)

4.87

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 47%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AxxonSoft Inc., Canon Inc., Genetec Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Johnson Controls International Plc, Motorola Solutions Inc., Robert Bosch GmbH, Sony Group Corp., and Zhejiang Dahua Technology Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

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What are the Key Factors Covered in this Residential and Commercial Security Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive residential and commercial security market growth during the next five years
  • Precise estimation of the residential and commercial security market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the residential and commercial security system industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of residential and commercial security system market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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