Scope of the Report
The report titled “ Global Residential Monitored Security Market: Size, Trends & Forecasts (2018-2022)” provides analysis of the global residential monitored security market with detailed analysis of the marker size in terms of its value, growth and its subsequent segments.
The report also includes detailed regional analysis of residential monitored security market in regions such as North America, Asia Pacific and Europe. Under competitive landscape, players in the global residential security market have been compared on the basis of their service offerings followed by their comparison on the basis of revenue and market capitalization. Also, comparison of players in the residential monitored security market in North America has been done on the basis of share.
Moreover, the report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall residential monitored security market has also been forecasted for the years 2018-2022, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
ADT Inc., The Brinks Company, APX Group Holdings Inc. and Comcast Corporation are some of the key players operating in the global residential monitored security market whose company profiling is done in the report. In this segment of the report, business overview, financial overview and the business strategies of the companies are provided.
- ADT Inc.
- The Brinks Company
- APX Group Holdings Inc.
- Comcast Corporation
- North America
- Asia Pacific
Residential monitored security has become an important need of todays age with the people wanting to keep a track of safety of their property/assets/ dear ones at all times even if they are not present in their homes. It can be explained as a combination of input and output security devices. Some of the input security devices are sensors and actuators, whereas output security devices are hooter and alarms. Wireless locks and smart apps are also some of the latest additions.
The global residential monitored security market can be segmented on the basis of products, solution and residential type. On the basis of products, the market can be split into security cameras, sensors, security alarms, smart locks and fire extinguishers & sprinklers. On the basis of solution, the market can be sub segmented into audio visual surveillance, access control & management, alert system and intercom system. On the basis of residential type, the market has been split into independent and apartment type residences.
The global residential monitored security market is expected to grow at a healthy rate during the forecast period (2018-2022). The growth of the market is supported by factors such as increasing levels of urbanization, ease of installation of wireless security, rising labor force globally and hike in disposable income.
The market faces challenges such as intensive competition to major players from the smaller players, complex supply chain management and high dependency on sales of existing and new houses for generation of revenues. Increasing adoption of internet of things, ascending requirement for home security systems with remote access and hike in number of smartphone users are some of the latest trends in the market.