Research Nester has recently announced its latest research on “Home Wifi Security Device Market : Global Demand Analysis & Opportunity Outlook 2023”, after studying the market situation and anticipating the future trends, the research provides a concrete platform for the existing and new players looking to enter into the market. The study provides information about market scenario of forecast period by analyzing the current situation.
On the back of a significant rise in concern related to safety and security of residential commodity across the globe, Home Wi-Fi Security Market is one of the growing markets across the globe.
The global home Wi-Fi security market is expected to expand at a CAGR of >8 % during the forecast period 2016-2023. The market is expected to reach at a decent number by 2023 from USD 29,256 Million in 2015.
North-American region is expected to showcase a lucrative growth of Home Wi-Fi Security Market over the forecast period of 2016-2023. North America home Wi-Fi security market contributed the largest share by contributing 48% in the total revenue of market in 2014 across the globe and it is expected to maintain its dominance over the forecast period 2016-2023.
On the back of factors like increased tech savvy population, rise in personal disposable income, boost in the real estate industry etc., Asia-Pacific home Wi-Fi security market is expected to expand at a rapid pace during the forecast period 2016-2023.
Advancement of technology in security devices and introduction of new night vision and automated rotating security cameras is expected to raise the demand for home Wi-Fi security across the globe over the forecast period 2016-2023
Rapid growth in residential real estate sector due to growing population and need of modular homes with smart Wi-Fi security systems is expected to spur the demand for smart home Wi-Fi security globally. Furthermore, rising incidents of thefts in urban regions across the globe would force the consumers to opt for smart home Wi-Fi security to secure the residences through remote monitoring.
In addition to that, rising penetration of smartphones and tech savvy population across the globe is expected to trigger the demand for home Wi-Fi security systems worldwide during the forecast period 2016-2023.
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