Home Security System Market worth $74.75 billion by 2023


Posted January 25, 2019 by prashantvv

The home security system market was valued at USD 40.66 billion in 2017 and is expected to reach USD 74.75 billion by 2023, at a CAGR of 10.40%

 
[183 Pages Report] The home security system Market has been valued at USD 40.66 billion in 2017 and is expected to reach USD 74.75 billion by 2023, and has a CAGR of 10.40% during the forecast period. The base year for this study is 2017, and the forecast period is 2018-2023.

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Video surveillance security systems are likely to be the largest share of the home security product market by 2018. Among all products, a video surveillance system records all the activities in the vicinity; hence, a user can keep a watch on any untoward activity and alert the police regarding the same; has also posted evidence in the post-crime investigations. One of the main benefits of the video surveillance system is that it ensures full-time monitoring in both the densely populated areas and the remote areas. The surveillance cameras available on the market. Par exemple,

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The market in APAC is expected to grow at the highest CAGR during 2018-2023. APAC is a technologically and economically developing region, and such countries as China, Japan, and South Korea are driving the overall growth of the home security system market in this region. The economic and social advancements in the region are expected to drive the overall demand for security systems. In this region, many governments have set the safety standards for various sectors. For instance, the fire hazard is a major concern in this region, and the rapid development of the construction industry is expected to result in the residential fire protection system market in the coming years.

Services are likely to hold the largest share of the home security system market by 2018. installed The installed. Installed.

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Country India
Categories Industry , Semiconductors , Wireless
Tags home security system market
Last Updated January 25, 2019