The growing market of internet of things (IoT) in Europe is one of the dominant opportunities for the European Residential security market. Aging population in Europe, increasing crime rates, increase in remote monitoring (using mobile devices), ease of installation of wireless technology, attractive insurance policies, and growing interest of consumers in home convenience and safety are driving the European residential security market. Also, the awareness about integrated security systems, combined with the need for medical assistance at home is also growing, which in turn is driving the residential security market in Europe.
To Browse Full Report Visit Here: https://www.psmarketresearch.com/market-analysis/europe-residential-security-market
Residential security is a part of physical security that deals with security and safety of residential buildings and individuals. It is an electronic system, which takes care of the security of consumer’s residence when they are away from home. The input device of residential security system is sensors and the output devices are hooters and alarms. Whenever, the sensors detect any suspicious activity inside the residence, they give the signals to the panel and the panel activates all the outputs of residential security system. As the theft and burglary rate is increasing, security is becoming a major concern for residential areas. Such concerns are further increasing the demands for security solutions such as biometrics based security equipment, electronic locks and intruder alarms. Some of the most common forms of residential security systems available in the market are simplisafe2 wireless home security system, GE 51107, and Pi sector S02 wireless home security system.
To Browse Full Report Visit Here: https://www.psmarketresearch.com/market-analysis/europe-residential-security-market
Residential security is a part of physical security that deals with security and safety of residential buildings and individuals. It is an electronic system, which takes care of the security of consumer’s residence when they are away from home. The input device of residential security system is sensors and the output devices are hooters and alarms. Whenever, the sensors detect any suspicious activity inside the residence, they give the signals to the panel and the panel activates all the outputs of residential security system. As the theft and burglary rate is increasing, security is becoming a major concern for residential areas. Such concerns are further increasing the demands for security solutions such as biometrics based security equipment, electronic locks and intruder alarms. Some of the most common forms of residential security systems available in the market are simplisafe2 wireless home security system, GE 51107, and Pi sector S02 wireless home security system.
The wireless technology has witnessed greater application in hand-held and internet-enabled devices, voice and messaging devices, and data networking devices. In most of the Europe countries, the wireless solutions accounted for over 50% of the total new installations and it is further expected to grow during the forecast period.
On the basis of products, Europe residential security market can be categorized as sensors, fire sprinklers and extinguishers, cameras, electronic locks, alarms, and panic buttons. Electronic locks can be further categorized as magnetic strip locks, electrochemical door locks, keypad locks, wireless locks, electric strip locks and biometric locks. Based on different security solution, the European residential security market can be segmented as intruder alarm solution, medical alert system, video surveillance system, integrated solution system, access control solution, fire protection system, and intercom system. On the basis of end users, the European residential security market can be categorized as apartments, independent homes and condominiums.
Browse For Related Research: https://www.psmarketresearch.com/industry-report/semiconductor-and-electronics
As the end-users of residential security becoming less price-conscious, with the stabilization of the European economy, the adoption of residential security is increasing in the region. Adoption of cloud based technologies for residential security is one of the recent developments in the residential security system market. Some of the factors restraining the growth of residential security system market are high initial investment to install the security system, insecure economic environment and high cost of maintenance of the security system.
By country, Germany, France, and the U.K. are the countries with major market share in the European residential security market.
Some of the competitors in Europe residential security market are Robert Bosch GmbH, ASSA ABLOY, TYCO, Honeywell International Inc., Schneider Electric, H3C Technologies Co., Limited, Lenel Systems International, Inc., Napco Security Technologies, Inc., AxxonSoft Inc., Siemens AG, Panasonic Corporation, Intergraph Corporation, and NICE Systems Ltd.
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Contact:
Abhishek
Executive – Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Abhishek
Executive – Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Comments
Post a Comment