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(IT-NEWSWIRE.COM, May 12, 2015 ) Residential security is a part of physical security, which ensures safety and security of residential buildings and individuals. With an increase in theft and burglary in residences and a rise in the aging population in Europe, the demand for physical security solutions such as intruder alarms and electronic locks have surged. The installation of physical security solutions in residences has led to a reduction in the number of criminal attacks on residences.
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Residential security solutions provide around-the-clock protection to residences from gas leaks, fire, and other hazards. They provide 24/7 monitoring services to homeowners and an option to raise an alert in case of emergency. In Europe such solutions are also used to monitor infants and pets at home. Also, they are accessible from any remote location through smart devices such as cell phones, tablets, and laptops. The residential security market in Europe to grow at a CAGR of 15.51% over the period 2014-2019.
The report covers the present scenario and growth prospects of the residential security market in Europe for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of following product segments:
Surveillance systems
Intruder alarms
Access control systems
Software
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The report also contains some of the new developments in the market such as IoT and the emergence of commercialized smart home products that are expected to affect the market during the forecast period.
Residential Security Market in Europe 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
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Key questions answered in this report:-
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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