The technologies in home security system market have undergone significant change in recent years, with traditional door lock and CCTV surveillance to advanced 24x7 continuous monitoring by third party service providers. The rising wave of wireless communication technology is creating significant potential in applications, such as Do it yourself (DIY) and professional services, and driving the demand for home security technologies.
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In home security market, various wired and wireless technologies, such as BACnet, KNX, Wi-Fi, radio frequency identification (RFID), ZigBee, Bluetooth, and Z wave are used to control wide range of home security products. Increasing crime rate, declining prices of security products, increasing awareness related to safety and security, and the growing adaption of cloud-based technologies are creating new opportunities for various home security technologies.
Lucintel, a leading global Management Consulting and market research firm with over 1,000 clients worldwide, has analyzed the technologies used in home security market and has now published a comprehensive research report titled “Technology Landscape, Trends and Opportunities in the Global Home Security Market 2019-2024”. This report analyzes technology maturity, degree of disruption, competitive intensity, market potential and other parameters of various technologies in home security market.
Lucintel study finds that home security technology is forecast to grow at 10% during next five years. ADT, Honeywell, Johnson Controls, Hangzhou Hikvision Digital Technology, Assa Abloy, Secom, Robert Bosch, United Technologies, Godrej & Boyce, Allegion, Control4, Schneider Electric, Legrand, Comcast, and Vivint are among the major technology providers in the home security market.
The Lucintel report serves as a catalyst for growth as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global home security market by application, technology, and region as follows:
Technology Readiness by Technology Type
Competitive Intensity and Regulatory Compliance
Disruption Potential by Technology Type
Trends and Forecasts by Technology Type [$M shipment analysis from 2013 to 2024]:
Wired
BACnet
Lonworks
Modbus
KNX
Others
Wireless
Zigbee
Wi-Fi
Bluetooth
Z-Wave
Others
Technology Trends and Forecasts by Application [$M shipment analysis from 2013 to 2024]:
DIY
Wired (BACnet, lonworks, modbus, KNX, and Others)
Wireless (Zigbee, Wi-Fi, Bluetooth, and Z-wave)
Professional
Wired (BACnet, lonworks, modbus, KNX)
Wireless (Zigbee, Wi-Fi, Bluetooth, EnOcean, and Z-wave)
Others
Wired (BACnet, lonworks, modbus, KNX)
Wireless (Zigbee, Wi-Fi, Bluetooth, EnOcean, and Z-wave)
Technology Trends and Forecasts by Region [$M shipment analysis for 2013 to 2024]:
United States
Canada
Mexico
United Kingdom
Germany
France
Japan
China
South Korea
India
Latest Developments and Innovations in the Home Security Technologies
Companies / Ecosystems
Strategic Opportunities by Technology Type
A more than 150-pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/technology-home-security-market.aspx or 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.