Regional markets of Latin America and Middle East & Africa to emerge key markets for sustainable revenue generation from home security products and solutions
While the global home security products and solutions market remained concentrated in North America and Asia Pacific in 2016, the coming years will witness good growth potential in developing economies where there is limited penetration of home security products and solutions. This is likely to present lucrative market opportunities for key players operating in the global home security products and solutions market. As a case in point, the adoption of home security products and solutions in Latin America is limited to the real estate sector, where developers are installing home security products and solutions in high-end housing projects across Tier-1 and Tier-2 cities. This is a significant opportunity to tap into for companies providing home security products and solutions, as several other critical industry sectors remain to be explored.
The global home security products and solutions market will expand 2.8X between 2017 and 2025
The global market for home security products and solutions is estimated to be valued in excess of US$ 12 Bn by the end of 2025, owing to exponential growth in the countries in North America. A CAGR of 11.9% in terms of value presents a lucrative scenario of the global market that is largely centralized in the developing economies of the world.
North America will remain the most attractive regional market
The North America home security products and solutions market will outpace the other regions in terms of revenue growth, registering a CAGR of 11.8% during the forecast period to reach a market valuation of US$ 3,738.9 Mn by the end of 2025. The market in Asia Pacific will register high Y-o-Y growth rates and expand at a CAGR of 12.1% during the forecast period. The market in APAC is expected to represent incremental opportunity of US$ 1,630.0 Mn between 2017 and 2025 while the North America regional market will represent incremental opportunity of US$ 2204.3 Mn during the period of forecast.
Factors fueling global market revenue growth
Trends likely to be observed in the global market in the near future
The global home security products and solutions market has been growing significantly in key geographies in the world. To study the performance of this market across the technologies and services deployed, our analysts have gone several layers deep into market research to present in-depth insights into the global home security products and solutions market over an eight year forecast period from 2017 to 2025. We present our key findings in a new report titled ‘Home Security Products and Solutions Market: Global Industry Analysis (2012–2016) and Forecast (2017–2025)’.
Competition tracking is a key component of our research
Our research on the global home security products and solutions market encompasses a critical analysis of some of the leading companies operating in the global home security products and solutions market. In a dedicated chapter, we provide useful insights on the top players operating in the global home security products and solutions market including market share analysis, market structure, business and marketing strategies, and a SWOT analysis. We also present a competition intensity mapping by market taxonomy along with a dashboard view of the companies’ financials and recent market developments. This section is intended to provide our readers with a clear view of the vendor ecosystem of the global home security products and solutions market.
In-depth market analysis and forecast supported by relevant metrics
The crux of our report is a detailed estimation of the global home security products and solutions market forecast, compared over a historical period (2012 – 2016) and the forecast period (2017 – 2025). Our report presents the market size and Y-o-Y growth along with the absolute dollar opportunity and market attractiveness analysis of the technology and services segment and the market volume forecast by technology across the global as well as regional markets. The report also throws light on the key market dynamics comprising the drivers, restraints, opportunities, and trends likely to influence the global home security products and solutions market across the different regional markets.
Few other sections of the report comprise an analysis of the relevance and impact of forecast factors, our forecast assumptions, an executive summary that encapsulates the global market overview, global market analysis, and our analysis and key recommendations for market players. The market introduction section briefly describes the global home security products and solutions market along with the market taxonomy and a value chain analysis. The market view point throws light on the macro-economic factors impacting global home security products and solutions market growth as well as an opportunity analysis of the global market.
An exclusive methodology underpins our structured research process
At Persistence Market Research, we follow a systematic research approach that includes market profiling, formulation of a discussion guide for primary research, developing a list of respondents that includes industry players (manufacturers, distributors, retailers, and industry specialists), data collection, data validation, and final data analysis and interpretation to arrive at pertinent insights into the global home security products and solutions market. We have considered macro-economic indicators such as GDP, wholesale & retail trade, merchandise trade, and prices to arrive at the indicated market numbers for the global home security products and solutions market.
By Technology and Services
Why should you invest in this report?
This report will help you acquire the necessary competitive intelligence you may require for a successful stint in the global home security products and solutions market. This report will also help you benchmark the competition standards in the global home security products and solutions market besides getting a grip on the industry trends and opportunities likely to emerge in the global market in the coming years.