Global Residential and Commercial Security Market 2016-2020 is new report adds on RnRMarketResearch.com. The analysts forecast global residential and commercial security market to grow at a CAGR of 15.6% during the period 2016-2020.
Complete report is available at http://www.rnrmarketresearch.com/global-residential-and-commercial-security-market-2016-2020-market-report.html .
One trend that is expected to boost market growth is the increasing demand for integrated security solutions. Residential and commercial building owners prefer integrated security solutions to stand-alone security solutions. Stand-alone security solutions may lead to integration issues. Integrated security solutions provided by the vendors are expected to provide better support and functionality to their customers.
According to the report, a key growth driver for this market is the decline in prices of security solutions. The declining prices of security solutions such as IP cameras are increasing their demand. Cloud-based security solutions offer a whole new array of opportunities for end-users, as a local server to store the camera data is no longer needed. In IP camera hosting, the data is stored in the cloud. This is easier to install and is inexpensive. Earlier, companies had to hire security guards to constantly be on watch at the premises. Now, several companies are switching over to services, in which a third party is alerted whenever there is a suspicious activity. This cuts down on costs and false alarms.
Order a copy of Global Residential and Commercial Security Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=582884 .
The report, Global Residential and Commercial Security Market 2016-2020, 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 over the coming years. The report also includes a discussion of the key vendors operating in this market.
These electronic systems and other household objects are connected to devices such as computer, tablet, or smartphone through a wired or a wireless network to facilitate remote accessibility. Smart homes understand the requirements of occupants based on their lifestyle and preferences and respond in a particular manner. Security is one of the important aspects to be considered in homes, and smart homes provide increased security and alert the owners in case of incidents such as smoke, flooding, or extreme temperatures. Home security systems in smart homes can alert the home owners and possibly stop crimes before they happen and create a greater sense of safety and security.
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The report covers the present scenario and the growth prospects of the global residential and commercial security market for 2016-2020.
Key players in the global residential and commercial security market: Axis Communications, Bosch Security Systems, Checkpoint Systems, Honeywell Security Systems, Qognify, and Tyco International. Other Prominent Vendors in the market are: ADT, A2 Systems, ALL-TAG Security Americas, Anixter, Assa Abloy, AxxonSoft, DvTel, Gallagher, Genetec, Hikvision Digital, Intergraph, Ketec, Lenel Systems, MOBOTIX, Moonblink, Nedap, NetVersand, NortekSecurity, Panasonic, S2 Security, Salient Systems, Samsung Techwin, Schneider Electric, Security Station, Siemens, VideoNEXT, and Watchdog Security.
Further, the report states that one challenge that could hamper market growth is confusion over choosing the right security solution.
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