Market Overview

Global Residential and Commercial Security Market 2018-2022| 11% CAGR Projection Over the Next Four Years| Technavio

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Technavio
analysts forecast the global residential and commercial security market
to grow at a CAGR of over 11% during the forecast period,
according to their latest market research report.

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Technavio has published a new market research report on the global residential and commercial securi ...

Technavio has published a new market research report on the global residential and commercial security market from 2018-2022. (Graphic: Business Wire)

The continuous development of new products is one of the major trends
being witnessed in the global
residential and commercial security market 2018-2022
. The
constant development of new products by the vendors that are investing
heavily in R&D is a major trend in the market. new product developments
by some security solution vendors will encourage other vendors also to
come up with innovative security products and services to remain
competitive in the market.

This report is available at a USD 1,000 discount for a limited time
only:
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market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global residential and commercial security market is
the increase in the number of potential threats for residential and
commercial end-users:

Global residential and commercial security
market: Increase in the number of potential threats for residential and
commercial end-users

There is a very high rise in the number of potential threats for
residential and commercial end-users, which has increased the
requirements to maintain a high physical safety infrastructure. This
includes the security of a building as a whole as well as the individual
systems of each building. In the case of residential end-users, there is
a surge in the instances of criminal activities, theft, and unauthorized
access.

According to a senior analyst at Technavio for research on homeland
security, "Several of the residential buildings are being equipped
with a special platform, which will help residents remotely control the
electric devices at home using smartphones, tablets, and laptops. This
includes security solutions such as intruder alarms, electronic locks,
and various monitoring solutions."

Global residential and commercial security
market: Segmentation analysis

The global residential and commercial security market research report
provides market segmentation by product (surveillance systems, access
control systems, and software), by end-user (commercial and
residential), and by region (the Americas, EMEA, and APAC). It provides
an in-depth analysis of the prominent factors influencing the market,
including drivers, opportunities, trends, and industry-specific
challenges.

The surveillance systems segment held the largest market share in 2017,
accounting for nearly 56% of the market. This product segment is
expected to dominate the global market throughout the forecast period.

The Americas led the market in 2017 with a market share of nearly 43%.
The region is expected to dominate the market through 2022, however,
there will be a decrease in its market share.

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Technavio's sample reports are free of charge and contain multiple
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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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