TechNavio today launched its report Global Home Security Solutions Market 2011-2015 based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”The Global Home Security Solutions market has always been a technology-driven market and several security solution products were developed based on the advancement of technology. But this trend in the Global Home Security Solutions market is making a transition from developing technology-driven products toward customer-driven products. Large companies such as Honeywell International Inc., Tyco International Ltd., and Bosch Security Systems Inc. are developing security solutions products based on the needs and demand of the customers, which is available through various blogs, surveys, customer feedback, etc. Moreover, a few applications for home security solutions are also being developed by general tech-savvy people thus forcing the vendors to develop customer-driven products in order to increase their market share. Therefore, the transformation from a technology-driven to a consumer-driven industry will positively impact the growth of the market during the forecast period.”
According to the report, one of the major drivers is the increasing security concerns across the globe. Crimes such as home break-ins and burglaries have gradually increased, posing a serious threat to the personal safety of the residents. Home security solutions and products such as intrusion detection, access controls, surveillance systems, door contacts, and motion sensors will provide considerable security from various crime threats.
Further, the report discusses that one of the major challenges confronting the market is the lack of awareness with respect to advancements in technology.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-home-security-solutions-market-2…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global Home Security Solutions Market 2011-2015
