Home Security Systems Market: Coronavirus Pandemic: Short and long-term actions taken by Key Player? Fortune Business Insights

Home Security Systems Market: Coronavirus Pandemic: Short and long-term actions taken by Key Player? Fortune Business Insights

The MarketWatch News Department was not involved in the creation of this content.

Sep 11, 2020 (The Expresswire) —
Fortune Business Insights offers a detailed overview of the global market in a report, titledHome security solution market is basically composed of different sensors or cameras which are linked together to a central hub to protect home. The home security system includes a controller to control the entire home security system, door and window sensors, motion sensors, security cameras. Additionally, it also includes yard signs, alarms and window stickers. These integrated electronic devices are used to protect home against burglars and uninvited intruders. Internet of Things (IoT) has a tremendous impact on the home security solutions in todays times. Many companies are launching systems with enhanced security attributes for monitoring, with the help of integration of IoT in Home Security Solution Market. Integration of IoT makes the home more secured, interconnected and remotely controllable. This technological advancements will lead to adoption for Home Security Solution Market to large extent.

Key Market Driver

  • High penetration of IoT and cloud computing drives home security solution market

Key Market Restraint-

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Key Players Covered:

In February 2020, ADT and HHHunt, Inc. (a diversified leader in real estate development) have announced their partnership This partnership has increased the penetration of home automation and Home Security Solution Market in the United States in new and old multifamily and student housing communities. The smart homes will include products like smart locks, smart hubs and smart thermostats in their smart home security solutions. This partnership will offer customized smart security solutions to their customers in the United States, which will rise the growth of market.

SimpliSafe, Inc. an American Home Security Solution Market company partnered with Hippo Insurance. This partnership offers the home alarm devices, home monitoring devices along with homeowner’s insurance policy. This has led to the adoption of smart home security solution and growth in market.

Some of the key competitors in the Home security solution market include ADT, SimpliSafe, Inc., Protect America, Inc., Honeywell International, Inc., Axis Communications AB, ASSA ABLOY, Vivint, Inc., Godrej.com, ABB and others.

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Regional Analysis

North America is the leader in the home security solution market. There is adoption of the smart home systems on a large scale in North America and Europe to be next in line as compared to other regions. Many companies are making new development into the products/security systems which include smart thermostats, network cameras, security systems and multi-room technology in them. Many new entrants like Vivint, Inc. are giving tough competition to the old players like Honeywell International Inc. in North America.

India and China being fastest growing economies in the world and emerging markets for home security solution Market.

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Segmentation of Home Security Solution Market

By Component

o Video Surveillance

o Access Control

o Electronic Locks

o Alarms

o Remote Monitoring

o Other (Authentication systems, etc.)

o Installation

o Technical Support

o Others

By Home Type

  • Independent Homes

  • Apartment

  • Condominiums

By Geography

  • North America (the U.S. and Canada)

  • Europe (the U.K., Germany, France, Scandinavia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)

  • Middle East and Africa (South Africa, GCC and Rest of the Middle East and Africa)

  • Latin America (Brazil, Mexico and Rest of Latin America)

TOC Continued…!

Key Industry Developments

  • March 2020:Vivint, Inc. launched Vivint Doorbell Camera Pro. This new version of camera is first to provide 180 degree vertical and horizontal view with 1:1 aspect ratio. This camera is combination of optics, deterrent features and intelligence to satisfy customer needs.

  • October 2019:ABB collaborates with Operational Technology Cyber Security Alliance to provide safe and secure operational technology. This technology is also used in smart Home Security Solution Market to provide safer and secure homes.

Key Research Objectives

  • Home Security Solution Market size and growth rate by various segments at global and regional level for the 2015-2026 period, with 2015-2017 as historical data, 2018 as base year and 2019-2026 as forecast period

  • Overall market size and growth rate for key countries for the 2015-2026 period

  • Market dynamics – Market drivers, restraints, trends and opportunities

  • Technological and market developments shaping the market

  • Competitive analysis

  • Profiles of key companies operating in the Home Security Solution Market

  • Key insights

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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

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Press Release Distributed by The Express Wire

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