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DIY (Do-it-Yourself) Home Security Solutions Market Sees Promising Growth during 2017 - 2025
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Security products and solutions provide the additional layer of security to the buildings and eliminate unauthorized access. Security products and solutions such as fire protection systems, video surveillance systems, and access control systems are integrated with each other to monitor the entire area.
Increasing the demand for the advance home security solution is the major factor spurring the growth of the DIY (Do-it-Yourself) Home Security Solutions market during the forecast period. Owing to increasing the home theft cases across the globe is another factor spurring the growth of smart security solution. Also, increasing internet penetration globally is the other factor driving the demand for the DIY (Do-it-Yourself) Home Security Solutions to facilitate the better security for the resident.
Increasing smart security services integrated with smartphones is the crucial factor driving the demand for the better security product, which is positively impacting the growth of the DIY (Do-it-Yourself) Home Security Solutions market. However, high investment and complexities involved with implementation is the major factor restraining the growth of the market during the forecast period.
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Owing to increasing internet penetration for smart home security devices and solution in emerging economies such as India, China is the major reason, positively impacting the growth of the DIY (Do-it-Yourself) Home Security Solutions market. Also, increasing inclination towards the adoption of smart security products in especially in the residential area to protect family is another driving factor spurring the adoption of the DIY (Do-it-Yourself) Home Security Solutions in forthcoming years.
In North America region and Western Europe are dominating the DIY (Do-it-Yourself) Home Security Solutions market, due to the increase in adoption of smart home system solutions, which are featured with consuming less power and also cater cost-saving opportunity for the consumers. Owing to various benefits associated with deploying DIY (Do-it-Yourself) Home Security Solutions market is projected to showcase the significant growth rate in the developed region such as Western Europe and North America region during the forecast period.
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The major player operating in DIY (Do-it-Yourself) Home Security Solutions market includes Nest Labs, NETGEAR (Arlo), Ring, Icontrol Networks Canada, Inc. (Piper), SmartThings Inc. (SAMSUNG), iSmart Alarm, Inc., Insteon, Fortress Security Store, Canary Connect, Inc., Incase (UOKOO), SimpliSafe, Inc.., Blink, Frontpoint Security Solutions, Link Interactive, Scout Security Inc., Lowe's (IRIS), Honeywell International Inc., and Abode Systems, Inc.
The major player SmartThings Inc., is increasing its penetration into the smart home solution market by entering into partnerships with home security provider ADT. The company is focusing on innovating and updating its smart home solutions to offer better lighting solutions to customer to enhance its market share.
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