Published Date : Jun 14, 2016
ALBANY, NY, June 14, 2016: MarketResearchReports.biz has recently added a new market research study, titled “Global Residential and Commercial Security Market 2016-2020,” to its comprehensive collection of research reports.
According to the study, the global market for residential and commercial security is projected to register a 15.60% CAGR between 2016 and 2020. The rising adoption of security solutions in retail shops and the growing incidences of security threats to residential properties are some of the key factors estimated to bolster the growth of the overall market throughout the forecast period. In addition, a fall in the prices of security solutions is further expected to propel the global residential and commercial security market in the next few years. The growing demand for integrated security solutions is one of the current trends that will stimulate demand from the market. However, the confusion in choosing the right security solution is one of the biggest challenges for consumers.
By end user, the global residential and commercial security market has been broadly divided into residential and commercial segments. The research study offers a detailed reports of these segments along with the market statistics to provide a clear understanding of the global residential and commercial security market.
By geography, the global residential and commercial security market has been classified into EMEA, the Americas, and APAC. At present, the Americas dominates the overall market and is anticipated to hold a 42% share in the residential and commercial security market worldwide by the end of 2020. The rise in the number of retail stores is projected to boost the demand for security solutions in the next few years. In addition, with the technological developments, commercial properties are expected to implement cost-efficient access control systems, which will help in enhancing physical security. Moreover, the rising demand for energy-efficient solutions in the residential segment is estimated to create potential growth prospects in the American region.
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The research report further provides a detailed vendor reports and throws light on the competitive scenario of the global market for residential and commercial security. The company overview, inception details, financial status, product portfolio, business policies, SWOT reports, and recent news and developments are mentioned in the scope of the research report.
The leading players mentioned in the study include Checkpoint Systems, Tyco International, Bosch Security Systems, Honeywell Security Systems, Qognify, and Axis Communications. Some of the other players engaged in the global market are Moonblink, Gallagher, Samsung Techwin, MOBOTIX, A2 Systems, DvTel, S2 Security, Hikvision Digital, AxxonSoft, Ketec, and VideoNEXT.
The product segmentation, key growth drivers, restraints, major geographical segments, and vendor reports of the global residential and commercial security market have been highlighted in the research report. In addition, the inputs and recommendations given by the industry experts are expected to help the new players in formulating their business decision in an effective manner.
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