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Global Residential Security Market Size, Share,
Development, Growth and Demand Forecast to 2023
According to a new market research report “Global Residential Security Market Size, Share,
Development, Growth and Demand Forecast to 2023 - Industry Insights by Product (Security
Cameras, Smart Locks, Sensors, Security Alarms, and Fire Sprinklers & Extinguishers), by
Solution (Audio-Video Surveillance, Access Control Management, Home Integrated Security,
Alert System, Intercom System, and Fire Protection), by Residential Type (Independent and
Apartments)” published by P&S Market Research, the global residential security market is projected
to reach $60,765.2 million by 2023, growing at a CAGR of 8.7% during 2017 - 2023.
Browse Report Description: https://www.psmarketresearch.com/market-analysis/residentialsecurity-market
Global Residential Security market to reach $60,765.2 million by 2023
The study reveals that the global residential security market is estimated to reach $60,765.2 million by
2023. On account of significant advancement in technologies such as Internet of Things (IoT),
adoption of cloud based security technologies and rapid increase in demand for advanced security
solutions, such as alert systems and wireless locks, the global residential security market is gaining
Insights on market segments
As per the findings of the research, security cameras have been the largest market among residential
security products. Further, security camera segment is expected to continue its highest revenue
contribution during the forecast period. Security cameras are one of the fundamental devices for
residential security, which are sought by everyone looking to immune their abode against security
threats. Among various solutions, audio visual surveillance segment witnessed the highest growth in
demand during 2013-2016. However, home integrated security segment is expected to lead the
market with highest growth rate, during the forecast period