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Home WiFi Security Device Market : Global Demand Analysis & Opportunity Outlook 2023

Published On : 11:33 PM, 10th October, 2017 REP-ID-152 Category: ICT & Electronics

Global Home WiFi Security Device Market Overview

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.

Home Wi-Fi Security system enable the user to operate the security system through electronic devices such as mobiles and tablets with enabled Wi-Fi system which helps to secure the homes far away also.

                Improvement in modern infrastructure with safety and security systems and Wi-Fi penetration is expected to raise the demand for home Wi-Fi security system globally. Apart from this, introduction of new and advanced technological security devices with integrated connectivity is expected to attract consumers in order to adapt these devices for security purposes. In addition to that, monitoring of residences from remote locations eases users to maintain the security and minimize the worries of the consumers.

Further, hectic and busy lifestyle due to rising urbanization is expected to expand the adaptation of home Wi-Fi security systems in order to maintain the security of their goods and residences.

Rapid growth in residential infrastructure and changing trend of residential sector players by providing in-built smart locks and other security devices for the security of residences would bid a boost to the consumers to adapt the technology. 

Market Segmentation

The Global Home Wi-Fi Security Market has been studied basis the segmentation as follows:

Demand Analysis By Product

  • Electronic and Smart Locks
  • Security Alarms 
  • Security Cameras 
  • Sensors and Detectors

By Region

Home Wi-Fi Security Market is further classified on the basis of region as follows:

  • North America (U.S. & Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia)
  • Rest of World

Growth Drivers and challenges

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.

However, the diversity of smartphones and security systems that results to non-compatibility issues are expected to hinder the growth of home Wi-Fi security market across the globe over the forecast period 2016-2023.  Additionally, presence of low-speed Wi-Fi systems and high data cost in many under-developed nations leads to connectivity issues with the integrated Wi-Fi security system which will further restraint the growth of home Wi-Fi security market across the globe.

Market size & forecast

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.

                   

Key Players

The key developers of Home Wi-Fi Security across the globe as follows:

  • ASSA ABLOY
  • Company Overview
  • Key Product Offerings
  • Business Strategy
  • SWOT Analysis
  • Financials
  • UTC Fire and Security
  • Bosch Security Systems
  • Honeywell International Inc.
  • Godrej & Boyce Manufacturing Co. Ltd.
  • Blink 
  • Nest Labs 
  • Netgear Inc. 
  • Dojo-Labs

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The Global Home Wi-Fi Security Market is segmented as follows:

  • By Products Market Size & Y-O-Y Growth Analysis
  • By Regions Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

              Key Answers Captured in Report?

Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?
 
 

 

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