Home Security Solutions Market and New Technology

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MarketsandMarkets Presents
Home Security Solutions Market by Product
(Electronic locks, Sensors, Cameras), Solutions
(Intruder Alarm, Intercom, Access Control, Fire
Protection, Integrated Security, Video
Surveillance Others), Home Type, Geography -
Global Forecast to 2020 The total market is
expected to reach 47,542.52 Million by 2020, at
a CAGR of 8.7. The concept of home security
solutions emerged in the early 1990s wherein the
solution was predominantly similar to car alarms.
They were expensive and unreliable and the rate
of false alarms was also very high. However, with
progress in the technology, home security
solutions also advanced gradually. 
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The global home security solutions market size is
estimated to grow from USD 31.36 Billion in 2015
to USD 47.54 Billion by 2020, at an estimated
CAGR of 8.68 between 2015 and 2020. Home or
residential security is among the major concerns
in the present market scenario. The key reasons
behind this are the alarming crime rates on the
global basis and unethical practices. With
regards to this, electronic security equipment is
expected to find potential opportunities in this
market. The entry level of security solutions in
the residential sector has been witnessing a
rapid growth since the last few years. Sample
pages of the Report http//www.marketsandmarkets
.com/requestsample.asp?id701 However, as in
case of any advanced technologies, these security
solutions also involve issues such as software
glitches, non-compatibility issues, connectivity
issues, radio or electrical interference, and
more. There are extensive initiatives being taken
by industry players in order to overcome these
issues and thus, provide a highly effective
security solution for homeowners. The global home
security solutions market is expected to grow
from 28,318.69 Million in 2014 to 47,542.52
Million by 2020, at a CAGR of 8.7 between 2015
and 2020. The global home security solutions
market is growing rapidly and the major reasons
behind this could be the alarming crime rates on
global basis and growing concerns of society
toward security measures and concerns.
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The competitive landscape of the market presents
valuable insights about players in the home
security solutions market. The global home
security solutions market report profiles 11
promising players in the market and further
explains their business overview, product
portfolio, recent developments, and key strategy
adopted. The market is witnessing new product
developments and mergers acquisitions across
the value chain between the companies. Report
Information http//www.marketsandmarkets.com/Mar
ket-Reports/home-security-solutions-market-701.htm
l The major players in the global home security
solutions market are Tyco (Ireland), ASSA ABLOY
(Sweden), UTC Fire Security (U.S.), Honeywell
International, Inc. (U.S.), Bosch Security
Systems (Germany), Ingersoll Rand Solutions
(Ireland), Allegion PLC (Ireland), Godrej Boyce
Manufacturing Company Limited (India), Control4
Corporation (U.S.), Alarm.com (U.S.), and Nortek
Security Control LLC (U.S.).
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