Market Highlights
The global residential security market is expected to attain a CAGR of 8.53% during the forecast period (2017-2023), presumes Market Research Future (MRFR). The market is estimated to touch the valuation of USD 44.8 billion by the end of the given forecast period
Market Drivers and Top Barriers
The global residential security market gets a significant boost from the rapid increase in the internet of things (IoT). Reduced cost of security equipment like security camera coupled with the rising demand for advanced residential protection plans has heightened the adoption rate of smart security devices in residences. Frequent technological advancements are leading to development of smarter and better security solutions as well as devices at affordable costs, which favors the market to a great extent.
Security devices like sensors offer real-time information of any activity that occurs in the vicinity, and it can be accessed using smartphones or tablets as well. This gives customers remote access to the information. Besides, smart intercom and app-based security systems are generating massive interest among residential communities as an all-in-one security system.
An additional factor that promotes growth of the global residential security market is the rise in technological innovations in sprinklers and fire extinguishers. Fire sprinklers and extinguishers have been in demand for a long time as they help ensure residential security but given the advancement in technology, instant fire extinguishers and automatic sprinklers have been introduced in the market. Smart home fire sprinklers and extinguishers re now used for controlling and tackling fire in a short period of time.
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Segmentation:
The worldwide residential security market has been segregated with respect to product, solution, and residential type.
Depending on the product, the residential security system market includes smart locks, sensors, security alarms, fire sprinklers & extinguishers, and security cameras. Security cameras control majority of the market and the segment was valued at USD 6.6 Billion in 2016. The segment could expand at a rate of 9.61% CAGR during the review period.
Solution-wise, the residential security market can be narrowed down to audio-video surveillance, home integrated system, fire protection, alert system, and access control management. Audio-video surveillance segment covered maximum share of the market and had touched the valuation of USD 7.2 Billion in 2016. This segment is presumed to achieve a CAGR of 9.35% during the appraisal period.
The residential types covered in the report are apartment and independent.
Regional Outlook
The regional study of the residential security market includes Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW).
North America has emerged as the most profitable market for residential security and had acquired a CAGR of 41.5% in 2016. Its value was USD 10.1 billion the same year. Surge in the number of self-installed security systems has led to strong growth of the residential security market in the region. Boost in DIY solutions along with significant expansion of distribution channels is expected to elevate market position in the impending years.
Asia Pacific is projected to grow at the fastest rate of 10.22% during the forecast period and could touch the valuation of USD 12.2 billion by the end of that period. Trade pundits are of the view that the developing economies in the region possess huge growth potential and could offer a highly favorable environment for the manufacturers. The market in the region could see substantial expansion in the coming years with the escalation in the crime rate that calls for urgent installation of residential security devices. The prospects rising with approval of IoT and sensor technology add to the market strength and will benefit it even in the approaching period.
Aging population and increasing crime rates in Europe have paved the way for penetration of the residential security market. Surge in remote monitoring with the use of mobile devices, attractive insurance policies, and mounting interest in home convenience among consumers are expected to stimulate market growth.
Top Vendors
The top vendors competing in the residential security market are Godrej & Boyce Manufacturing Company, ASSA Abloy AB, Allegion, ADT Security Services, Control4, Honeywell International Inc. (U.S.), Tyco International Ltd., Bosch Security Systems, UTC Fire & Security, Nortek Security and Control, and so on.
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Global Residential Security Market by Product (Smart Locks, Security Cameras, Sensors), By Solution (Home Integrated System, Access Control Management), By Residential Type (Independent, Apartment) - Forecast 2023
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Market HighlightsThe global Residential Security market is growing rapidly over ~8.53% of CAGR and is expected to reach at USD ~ 44.8 billion by the end of forecast period.Residential security refers to security and safety of residential buildings and individuals.
In the past few years, global residential security market witnessed significant growth, owing to the development of new technologies such as Internet of Things (IoT), along with various advanced residential security equipment.Factors driving the global residential security market include significant growth in IoT and sensor technology, decreasing cost of security equipment such as security cameras, increasing need for advanced residential protection plans and security solutions, and amplified adoption of smart security devices, globally.
Real-time updates of activities taking place can be accessed through security devices over smartphones or tablets.Market Drivers and Top Barriers The global residential security market gets a significant boost from the rapid increase in the internet of things (IoT).
Frequent technological advancements are leading to development of smarter and better security solutions as well as devices at affordable costs, which favors the market to a great extent.Security devices like sensors offer real-time information of any activity that occurs in the vicinity, and it can be accessed using smartphones or tablets as well.
Besides, smart intercom and app-based security systems are generating massive interest among residential communities as an all-in-one security system.An additional factor that promotes growth of the global residential security market is the rise in technological innovations in sprinklers and fire extinguishers.
Smart home fire sprinklers and extinguishers re now used for controlling and tackling fire in a short period of time.Get a Free Sample @https://www.marketresearchfuture.com/sample_request/2803Regional Outlook The regional study of the residential security market includes Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW).North America has emerged as the most profitable market for residential security and had acquired a CAGR of 41.5% in 2016.
Industry InsightAccording to the latest report presented by Market Research Future amid COVID 19 situation has revealed that School and Campus Security Market might bolster with a valuation of USD 2.54 billion by the end of 2023.
This could be gained if the market grows at a pace of 19.7% CAGR.
The growth period has been calculated from 2017-2023.Top Impacting FactorsThe worldwide school and campus security market is mainly driven by the result of the increasing number of attacks on the school.
This has led to the fixing of technologically advanced security systems in schools and campuses to curtail the risk of such attacks and also provide suitable security solutions.
These factors have been mostly affected by the market’s growth across the world.The preface of cost-effective security systems is also propelling the growth of the market.
As the U.S. market is already relatively mature and constitutes the largest share of the world market, the global School & Campus Security market might grow at a sensible rate.
The North America Fire Protection Systems Market size was valued at USD 18.81 Billion in 2019 and is predicted to reach USD 34.61 Billion by 2030 with a CAGR of 5.7% from 2020-2030.Fire protection systems are equipment used to suppress and control fire with the help of manual or automatic detectors.
Fire protection systems offer safety and reduces potential damage or loss caused by fire hazard.
Fire protection system comprises of various components such fire management systems, fire detection systems, fire response systems, and fire analysis & software.Access Full Description of this report at:- https://www.nextmsc.com/report/north-america-fire-protection-systems-market Top Companies: Honeywell International Inc., Johnson Controls, Inc., Siemens AG, Orcus Fire & Risk, Inc., Halma PLC, Robert Bosch GmbH, United Technologies Corporation, Amerex Corporation, Gentex Corporation and others.The North America Fire Protection Systems market share has been analysed based on product, services, industry vertical, and country.
Geographic breakdown and analysis of each of the previously mentioned segments is further analysed across countries such as the U.S., Canada, and Mexico.Request sample copy of this report at:- https://www.nextmsc.com/north-america-fire-protection-systems-market/request-sample The increase in the number of fire incidences has led to a rise in casualties, loss of assets and human lives.
In order to prevent these casualties and loss of assets from such hazards, the demand for advanced fire protection systems have increased in recent years.
This growing demand for fire protection systems is followed by the demand for technologies used in alarms, detection, monitoring, and sensing during fire hazards.About Next Move Strategy Consulting:Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share.
Market HighlightsThe development of innovative technologies has encouraged the growth of the internet protocol based cameras which is expected boost the school and campus security market over the future.
The global school and campus security market was dominated by few players.
However, due to rapid increase in the number of crimes and the increasing demand for security in schools and universities are boosting the overall growth of the market.
Also, the card based authentication and biometric solutions are expected to dominate the market over the forecast period, 2017-2023.
The global school and campus security market is expected to reach approximately USD 2.54 billion by the end of 2023 with 19.7% CAGR during forecast period 2017-2023 Get Sample Report @ https://www.marketresearchfuture.com/sample_request/2957 School and Campus Security MarketAccording to Market Research Future, market has been segmented into hardware, software and region.Type-Video SurveillanceFire ProtectionAccess Control Hardware & Software-HardwareCameraMonitorRecorderEncoder Software-Service ManagementVideo AnalyticsVideo ManagementOthers RegionNorth-AmericaEuropeAsia-PacificRoW Out of these software, video analytics accounted for the largest market share majorly due to high demand for effective video surveillance, government investments in emerging technologies to enhance security.Out of these type, access control accounted for the largest market share majorly due to increasing urban infrastructure and increasing security threats across the world.
Countries such as U.S. and Canada contributes largely to school and campus security market, majorly due to increasing in education security spending which benefit from the educational building construction expenditures, increasing security upgardation, growing competition in developing innovative products such as IP video surveillance camera and the decreasing product prices.
Ophthalmic Viscoelastic Devices (Ovd) Market Growth And Trends Analysis By Types (Cohesive Ophthalmic Viscoelastic Devices (Ovds), Dispersive Ophthalmic Viscoelastic Devices (Ovds)) Application (Cataract Surgery, Glaucoma Surgery, Corneal Transplantation, Vitreoretinal Surgery) ,End-User (Ophthalmic Clinics & Phaco Centers, Hospitals, Academic & Research Institutes) - Forecast Till 2027Market ScopeMarket Research Future (MRFR) expects the ophthalmic viscoelastic devices or OVD to touch 1,203.26 million by 2027-end.
Meanwhile, the global market is presumed to clock in a CAGR of around 11.6% between 2020 and 2027.Growth Boosters and DeterrentsThe World Health Organization/WHO reveals that cataract is the leading cause of 54% of blindness worldwide, representing almost 25 million individuals in 2010.
Cataract is identified as a common ocular disorder across the globe and its prevalence rate is exceptionally high in developed nations where the geriatric population is quite large.
The National Institutes of Health says that roughly 25 million Americans are affected by cataract and close to 50% of the population in the US is expected to develop the eye disorder by the age of 85 years in the years to come.
In short, the rising burden of cataract and glaucoma and the consequent increase in the number of eye surgeries performed will ultimately propel the demand for OVDs in the near future.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/1396 Market SegmentationThe MRFR report presents a detailed framework of the ophthalmic viscoelastic devices industry, throwing light on a couple of segments including types, application and end users.The key types of ophthalmic viscoelastic devices include cohesive ophthalmic viscoelastic devices (OVD) as well as dispersive ophthalmic viscoelastic devices (OVD).Top applications include glaucoma surgery, cataract surgery, vitreoretinal surgery, and corneal transplantation.The industry end users covered in the MRFR study are hospitals, academic & research institutes and ophthalmic clinics & phaco centers.Regional AnalysisThe ophthalmic viscoelastic devices industry has been regionally segregated into APAC/Asia Pacific, MEA/Middle East & Africa, North America as well as Europe.In 2016, North America commanded the biggest share of 74.35% while South America was identified as the fastest expanding market at a rate of 11.6% the same year.
The US is the highest grosser in the regional market, considering the supportive reimbursement scenario as well as the sizeable spending on healthcare.
The growth sectors of the Content Recognition Market are identified with precision for a better growth perspective.Increased usage of smart devices like smart TVs and smartphones has spurred the growth of the automatic content recognition industry.
The industry is anticipated to develop at a CAGR of approximately 32.4 per cent in the forecast period.Emerging new technologies and increased consumer demand for more customized content has boosted the growth pace of the industry to a great extent.
With TV manufacturers significantly focusing on production of smart TVs as the consumer demand for such products has risen significantly, has provided more avenues for growth of the ACR market in the forecast period.Industry SegmentsThe market for global automatic content recognition is divided on the criteria of technology, service and end-user.
In service, the market is segmented into professional service, managed service and valued added service.
On the basis of end-user the market is segmented into defense & public safety, consumer electronics, e-commerce, education, automotive, media & entertainment, IT & telecommunication, healthcare, avionics and others.Detailed Regional AnalysisThe market for automatic content recognition includes Europe, North America, Asia Pacific and Rest of the World.
The Middle East and Asia-Pacific region is estimated to display the main development chances in the segment due to an increase population, rising mobile users, mounting popularity of BYOD technology and prosperous IT & telecommunication are the key causes powering the market expansion.
