According to a new country report published by Lucintel, the future of the home security market in the United States looks attractive with opportunities in the residential sector. The home security market in the United States is primarily driven by increasing rate of crime, declining prices of security products, increasing awareness related to safety and security, and the growing adaption of cloud-based technologies. .
This report studies factors affecting the home security market in the United States from both demand and supply sides. The report also analyzes growth opportunities in different applications and provides comprehensive data and analysis on trends, key drivers, and directions.
Among various growth areas, Lucintel forecasts that the home security service is expected to remain the largest segment due to the increasing need for continuous monitoring services to reduce the risk of crime, burglary, and theft. Within the home security market in the United States, professional installed is expected to remain the largest installation type due to the increasing demand for 24/7 monitoring service.
Emerging trends, which have a direct impact on the dynamics of the home security industry, include adoption of artificial intelligence and machine learning software in the residential security sector and constant developments of security technologies, such as smart cameras and sensors.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the current market trends, forecasts, new market opportunities, and competitive landscape for the home security market in the United States and has come up with a comprehensive research report entitled “Opportunities for the Home Security Market in the United States.” The Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes the market size and forecast for the home security market in the United States by product and service type and type of installation as follows:
Home Security Market by Product and Service Type [$M shipment analysis from 2014 to 2025]:
• Equipment
>Electronic Lock
>Video Surveillance
>Fire Sprinklers & Extinguishers
>Intruder Alarms
• Services
Home Security Market by Type of Installation [$M shipment analysis from 2014 to 2025]:
• DIY
• Professional
This 60-page country research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed scope, benefits, and other details of this report, please contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/United-States/home-security.aspx or write to us at helpdesk@lucintel.com
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com