London, 05 May 2015 – The residential security market in Europe is expected to grow at a CAGR of 15.51% from 2015-2019, according to a new report from research firm Technavio.
About the Report
The recent rise in the number of criminal activities, thefts and unauthorized access to residences in Europe has increased the perceived threat among homeowners. As a result, residential buildings in Europe are being equipped with security systems that will help residents to remotely control electronic devices at home with the help of mobile devices.
“The use of monitoring solutions in residences is at a nascent stage in Europe, but is expected to increase significantly during the forecast period,” says Faisal Ghaus, Vice President of Technavio.
The latest industry analysis by Technavio emphasizes the rapid adoption of cloud-based residential security solutions that provide a self-monitoring and remote service solution. It provides homeowners with a user-friendly interface to help them arm, disarm or check the security status from a remote location.
Market Scope and Calculation of Market Size
The report covers the present scenario and growth prospects of the residential security market in Europe from 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of different products of the residential security market in Europe:
- Surveillance systems
- Intruder alarms
- Access control systems
- Software
Key Information Covered in the Report:
Key Vendors:
- Axis Communications AB
- Bosch Security Systems
- NICE Systems Ltd.
- Schneider Electric SE
- Siemens AG
- Tyco International Ltd.
Market Growth Drivers:
- Increasing threat for residential buildings
- For a full detailed list, view our report.
Market Challenges:
- Uncertain economic conditions
- For a full detailed list, view our report.
Market Trends:
- Adoption of cloud-based technologies
- For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
