Home Security Products Solutions Market North America most Lucrative in regional

​While the global home security products and solutions market remained concentrated in North America and Asia Pacific in 2016, the coming years will witness good growth potential in developing economies where there is limited penetration of home security products and solutions. This is likely to present lucrative market opportunities for key players operating in the global home security products and solutions market. As a case in point, the adoption of home security products and solutions in Latin America is limited to the real estate sector, where developers are installing home security products and solutions in high-end housing projects across Tier-1 and Tier-2 cities. This is a significant opportunity to tap into for companies providing home security products and solutions, as several other critical industry sectors remain to be explored.

The global market for home security products and solutions is estimated to be valued in excess of US$ 12 Bn by the end of 2025, owing to exponential growth in the countries in North America. A CAGR of 11.9% in terms of value presents a lucrative scenario of the global market that is largely centralized in the developing economies of the world.

North America will remain the most attractive regional market

The North America home security products and solutions market will outpace the other regions in terms of revenue growth, registering a CAGR of 11.8% during the forecast period to reach a market valuation of US$ 3,738.9 Mn by the end of 2025. The market in Asia Pacific will register high Y-o-Y growth rates and expand at a CAGR of 12.1% during the forecast period. The market in APAC is expected to represent incremental opportunity of US$ 1,630.0 Mn between 2017 and 2025 while the North America regional market will represent incremental opportunity of US$ 2204.3 Mn during the period of forecast.

Make Enquiry :

https://www.persistencemarketresearch.com/samples/17251

Competition tracking is a key component of our research

Our research on the global home security products and solutions market encompasses a critical analysis of some of the leading companies operating in the global home security products and solutions market. In a dedicated chapter, we provide useful insights on the top players operating in the global home security products and solutions market including market share analysis, market structure, business and marketing strategies, and a SWOT analysis. We also present a competition intensity mapping by market taxonomy along with a dashboard view of the companies’ financials and recent market developments. This section is intended to provide our readers with a clear view of the vendor ecosystem of the global home security products and solutions market.

%d bloggers like this: