Category: Press Release

Global Home Security Solutions Market 2015 is expected to reach $57.73 billion by 2022

The Global Home Security Solutions market is valued at $29.4 billion in 2014 and is expected to reach $57.73 billion by 2022 growing at a CAGR of 8.8% from 2014 to 2022. Home Security Solutions market is expected to witness high growth in residential security segment. Increase in crime rate, remote monitoring mobile devices and growing consumer awareness are the key drivers for the growth of the market. Lack of awareness and high installation costs are the factors hampering the market growth. The intensified competition leading to technological advancements among the electrical distributors & telecom providers are providing massive opportunities for the market growth.

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Global Home Security Solutions market is segmented by Home Type, by Product Type, by Solution and by Geography. Based on Home Type, market is segmented into independent and apartments. Based on Product Type, market is categorized into Electronic locks, Sensors, alarmHome-Security-Markets and Cameras. Based on Solution, market is classified into Intruder Alarm, Fire Protection, Video Surveillance, Integrated Security, Access Control and Medical Alert System. Market by geography is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America has the largest market for Home Security Solutions and expected to hold its share till 2022. Asia-Pacific and Europe are also considered as promising markets during the forecast period.

The Key players in the market include, Godrej & Boyce Manufacturing Company Limited, UTC Fire & Security, Alarm.com, Tyco, Control4 Corporation, Control4 Corporation, ASSA ABLOY, Allegion PLC and Nortek Security & Control LLC.

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What our report offers:

– Market share assessments for the regional and country level segments

– Market share analysis of the top industry players

– Strategic recommendations for the new entrants

– Market forecasts for a minimum of 8 years of all the mentioned segments, sub segments and the regional markets

– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)

– Strategic recommendations in key business segments based on the market estimations

– Competitive landscaping mapping the key common trends

– Company profiling with detailed strategies, financials, and recent developments

– Supply chain trends mapping the latest technological advancements

Global Smartphone Market Expected to grow at a CAGR of 8.1% During the year 2015

A smartphone is a mobile device with more advanced functionalities and features compared to cellphones.

A smartphone’s hardware and software specifications are meant to perform functions such as web browsing, capturing high-quality images, and playing HD videos.

A smartphone can install various applications that can perform several advanced functions. Smartphones have become popular because of their many capabilities and are often used for communication and online activities. Advances in technology have led to smartphones being more compact and cheaper than other mobile devices such as tablets, phablets and PDAs.

Global Smartphone market to grow at a CAGR of 8.1 percent over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the Global Smartphone market for the period 2015-2019. The report considers shipment of smartphones of trailing 3 quarters and estimates the shipment for fourth quarter for the year 2014. To calculate the market size, the report considers the revenue generated from the total unit shipment of smartphones. It also includes the shipments of phablets to arrive at the total market size for the base year 2014. However, the report does not consider the following to estimate the market size:

  • Aftermarket sales of smartphones
  • Sales of accessories and peripherals for smartphones
  • Sales of mobile handsets that are classified as feature phones and tablets

Our analyst researched the following companies as the key players in the Global Smartphone Market: Apple Inc., Huawei Technologies Co. Ltd., Lenovo Group Ltd., LG Electronics Inc. and Samsung Electronics Co. Ltd.

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Other Prominent Vendors in the market are: ASUS, Coolpad, Gionee, HTC, Micromax, OnePlus, Sony, TCL Communication Technology, Xiaomi and ZTE.

Commenting on the report, an our analyst said: “One of the major trends upcoming in this market is increase in demand for large-screen size Global-Smartphone-Marketsmartphones. With the emergence of new technologies such as cloud computing, virtualization, and deployment of next-generation LTE wireless networks such as 3G and 4G, consumers are actively browsing the internet, playing games, and watching videos on their smartphones, driving the demand for smartphones worldwide.”

According to the report, one of the major drivers of the market is the declining average selling price of smartphones. Smartphone prices have been constantly reducing in the market, which is making them more affordable, and is expected to lead to their increased adoption during the forecast period of 2014-2019.

Further, the report states that one of the key challenges in the market is the high production cost. The intense competition in the market forces smartphone vendors to make large investments that eventually affect profitability. Marketing and R&D are the two major spending areas leading to the high cost of production.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.