LONDON–(COMMERCIAL WIRE) – Technavio has been monitoring the global residential and commercial security market since 2015 and the market is ready to grow by USD 19.69 billion during 2018-2022 at an annual compound rate of over 11% during the forecast period. Request free sample pages
Read the 109-page research report with TOC on "Market and residential security market analysis report by product (surveillance systems, access control systems and software), by end user (commercial and residential), by geography ( América, APAC and EMEA), and segment forecasts, 2018-2022 ".
The market is driven by the growing number of potential threats to residential and commercial end users. In addition, the increase in the adoption of IoT-based security solutions is expected to further boost the growth of the residential and commercial security market.
The need to maintain security in residential and commercial infrastructure is increasing with the increasing prevalence of unauthorized access, theft and criminal activities. This is driving the demand for security solutions such as surveillance systems, intruder alarms and electronic article surveillance (EAS). Commercial end users, including office buildings, warehouses, medical centers, shopping centers and retail stores, are encouraged to implement access control systems such as authentication systems, touch screen and keyboard systems, card-based systems, perimeter security and biometric access control. This helps them to protect their properties, including valuable assets and the structure of the facility inside the buildings. Therefore, the growing number of potential threats to residential and commercial end users is expected to drive market growth during the forecast period.
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Five main companies in the residential and commercial security market:
Axis Communications is based in Sweden and offers the AXIS P85 series, the AXIS M2014-E network camera, the M10 series, the AXIS P13 series, the AXIS P13 series and other residential and commercial security systems.
Bosch Sicherheitssysteme is based in Germany and offers products through the following business units: safety and security systems and energy and construction solutions. The company offers Blue Line Gen2 PIR Motion Detectors, RADION contact RM, RF RF1212 Series RF Receivers, AutoDome Easy II IP and other residential and commercial security systems.
Hangzhou Hikvision digital technology
Hangzhou Hikvision Digital Technology is based in China and operates in several business segments, namely front-end, back-end, central control, construction, other and innovative businesses. The company offers DS-2CD4026FWD- (A) (P), DS-2CD63C2F-I (V) (S) and other residential and commercial security systems.
Honeywell International is based in the USA. UU. And it offers products through the following commercial segments: aerospace, home and construction technologies, high performance materials and technologies, and safety and productivity solutions. The company offers the PW6101 series, PW series access modules, Pro-Watch + VISTA integration and other residential and commercial security systems.
NICE is based in Israel and offers products through the following business segments: customer engagement and financial crimes and compliance. The company offers NICE Investigate, NICE Inform, Catalyst CSSI, Priority Dispatch AQUA Evolution, Harris P25 Radio Recording, Avtec Scout and other residential and commercial security systems.
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End-user perspective of residential and commercial security (income, millions of dollars, 2018-2022)
Regional perspectives on residential and commercial security (income, millions of dollars, 2018-2022)
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