Residential Security Market Research Report- Forecast to 2023

 

Market Highlights

The 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. It is an electronic system that primarily takes care of the overall security of consumer’s residence, especially when away from home. 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.

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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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