|[November 23, 2012]
Research and Markets: Global Home Security Solutions Market 2011-2015 With Bosch Security Systems Inc., Honeywell International Inc. and Tyco International Ltd. Dominating
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/qd7vf2/global_home)
has announced the addition of the "Global
Home Security Solutions Market 2011-2015" report to their
TechNavio's analysts forecast the Global Home Security Solutions market
to grow at a CAGR of 8.9 percent over the period 2011-2015. One of the
key factors contributing to this market growth is the increasing
security concerns across the globe. The Global Home Security Solutions
market has also been witnessing the transformation from a
technology-driven to a consumer-driven industry. However, the lack of
awareness with respect to advancements in technology could pose a
challenge to the growth of this market.
Other vendors mentioned in the report are Alarm.com Inc., GE Security
Inc., AMX Corp., Control4 Corp., GE ecurity Inc., Home Automation Inc.,
Icontrol Networks Inc. and Siemens (News - Alert) Building Technologies AG.
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 (News - Alert) 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.
For more information visit http://www.researchandmarkets.com/research/qd7vf2/global_home
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