Residential Security Systems Market Size, Share, Growth, Analysis and Forecasts to 2020

Technavio Announces the Publication of its Research Report Global Residential Security Systems Market 2016-2020

Technavio recognizes the following companies as the key players in the report global residential security systems market: ADT Security Services, ASSA ABLOY, Bosch Security Systems, Honeywell International Nortek Security and Control, Tyco Security Products, A2 Systems,, Axis Communications, DvTel, Gallagher, Genetec, Hikvision Digital, Intergraph, Ketec, Lenel Systems, MOBOTIX, Monitronics International, Moonblink, and Vivint

Commenting on the report, an analyst from Technavios team said that emergence of IoT in residential security systems is one the key trends. Earlier, security solutions such as access control, intruder alarms, and video surveillance were self-contained and not connected to other systems. Also, they were configured for specific purposes. Closed circuit television (CCTV) systems had cameras linked through cable with proprietary communications to a video controller. Users had authorizations like identity tokens, badges, or fobs that connected directly to the access management tool system. Equipment was monitored and serviced by facility teams or contractors.

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According to the report, rising threats to residential buildings is one of the drivers promoting growth. The increasing incidences in the number of criminal activities, thefts, and unauthorized access to individual homes and residential buildings have increased the threat among the owners. Hence, residential buildings are being equipped with a special platform, which will help its occupants to remotely access electronic devices at home via mobile devices such as smartphones, tablets, and laptops. This includes energy management, lighting control, controlling safety and security, and electronic locks. The security provided by monitoring solutions is...