Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
The remote
home monitoring systems market is projected to grow with a
moderate CAGR during the forecast period, i.e., 2021-2029 on account of the increasing
security concerns among population. According to the (NAHB),
46 percent of US-based Millennials own at least one smart home product in 2019.
The
market is segmented by systems into video surveillance systems, fire protection
systems, entrance control systems, access control systems, intruder alarm
systems, and others. Among these segments, the video surveillance systems segment
is anticipated to hold the largest share by the end of 2021 in the remote home
monitoring market as a result of the growing theft rates and advancement in
video camera quality, recording capability, and affordability than other
systems.
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Report: https://www.researchnester.com/sample-request-2922
On the
basis of region, the market is segmented into North America, Europe, Asia
Pacific, Latin America, and the Middle East & Africa, out of which, the
remote home monitoring systems market in North America holds the largest market
share. Asia Pacific is projected to grow at the highest CAGR throughout the
forecast period. This can be attributed to the rising urbanization and smart
home evolution with the development of smart cities in the Asia Pacific region.
The Asia Pacific countries are extensively adopting emerging technology, and
higher internet penetration rate in the countries is expected to drive the
remote home monitoring systems market.
Increasing Urban Population and Rising
Security Concern to Drive Market Growth
According
to the World Bank, it is estimated that by 2030, urban population will reach to
4.7 billion, i.e., more than 50% of the total world population.
In
recent years, remote home monitoring systems have given birth to the smart home
in which internet-enabled and controlled devices are bringing a level of
comfort to the standard house, especially among the urban population.
Furthermore, increasing consumer expenditure and the rising concern for home
security is also expected to boost the market growth in upcoming years.
However, the high cost of installation and lack of awareness in low-income
economies are some of the factors that are expected to restrain market growth
in the near future.
“The
Final Report will cover the impact analysis of COVID-19 on this industry.”
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This
report also provides the existing competitive scenario of some of the key
players of the global remote
home monitoring systems market which
includes company profiling of Honeywell International Inc. (NYSE: HON), Ooma, Inc. (NYSE: OOMA), Johnson
Controls International PLC (NYSE: JCI), SimpliSafe, Inc., Hangzhou
Hikvision Digital Technology Co., Ltd. (SHE: 002415), Schneider Electric (EPA: SU), Samsung Electronics Co. Ltd. (KRX:
005930), General Electric (GE), Bosch Security Systems, Inc., and ADT (NYSE:
ADT).
The profiling enfolds key information of the companies which encompasses
business overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the global remote home monitoring systems
market that will help industry consultants, equipment manufacturers, existing
players searching for expansion opportunities, new players searching
possibilities and other stakeholders to align their market centric strategies
according to the ongoing and expected trends in the future.
About Research
Nester
Research
Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market
research and consulting with an unbiased and unparalleled approach towards
helping global industrial players, conglomerates and executives for their
future investment while avoiding forthcoming uncertainties. With an
out-of-the-box mindset to produce statistical and analytical market research
reports, we provide strategic consulting so that our clients can make wise
business decisions with clarity while strategizing and planning for their
forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new
horizon, provided a right guidance at a right time is available through
strategic minds.
Contact for more
Info:
AJ
Daniel
Email:
info@researchnester.com
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919
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