Global DIY Home Security Solutions Market to foresee an outstanding CAGR of 22.4% over the Forecast period 2018-2025 | IT and Telecommunication Update : SAMSUNG SmartThings, Frontpoint Security Solutions, SimpliSafe, Inc., Protect America, Inc., and abode
Research and Development News --
Latest Update "Global Market Study on DIY Home Security Solutions: Need for Inexpensive Security Solutions in APAC to Present Market Players with Extensive Opportunities in the Region" with Industries Survey | Global Current Growth and Future.
“North America to grab a major portion of the global market pie”
Owing to the growing crime rate in the region, North America has emerged as the leading region in terms of the adoption of DIY home security solutions. It has been further projected that the region will maintain its lead in the global market by the end of the forecast period. The growing use of DIY home security solutions in the region can be attributed to the increasing number of smart homes in the region. Given the need to preserve energy, people in the region are looking for solutions that consume less energy and also cater to their cost cutting needs. Moreover, the crime rates in the region have also taken a toll, thus spreading fear among people. Further, the inclination of people towards the use of inexpensive smart security products has impelled consumers to opt for DIY home security solutions.
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“Europe to increase security systems integration in rented homes”
Being a core tourist and education center, Europe is a hub for travelers and students alike. As a result, the number of rented apartments and houses is quite high in the region. Moreover, the region is famous for allocation among EU countries of people looking for jobs or for study purposes. Owners of certain rented houses are avoiding falling from the edge and are looking forward to enhance the security systems of their homes. As DIY home security systems are ideal for small and medium-sized residential spaces such as flats or apartments, system providers are focusing on catering to the respective audience mostly.
A rise in crime rates and burglaries in commercial as well as residential complexes across the globe has intensified the adoption of security solutions. Moreover, since their introduction, smart home devices have witnessed a high adoption rate due to the ease of operations, interoperability and seamless experience. Due to this, people have gradually started transitioning towards smart homes. The continuous infrastructural development is a result of the high demand from end users for a seamless experience. This demand for smart home devices and the transition towards smart homes will have a significant impact on the growth of the DIY home security solutions market.
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A year by year progress of the market has further been offered in the report for the reader to be predominantly aware of the altering scenario of the market.
DIY Home Security Solutions Market: Segmentation
- Monitoring and Alarming Systems
- DIY Security Cameras
By Sales Channel
- Organized Retailers
- North America
- Latin America
- SEA and APAC
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