DUBLIN, May 31, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Residential and Commercial Security Market 2016-2020" report to their offering.

This comprehensive report forecasts the global residential and commercial security market to grow at a CAGR of 15.6% during the period 2016-2020.

Commenting on the report, an analyst from the research team said: One trend that is expected to boost market growth is the increasing demand for integrated security solutions. Residential and commercial building owners prefer integrated security solutions to stand-alone security solutions. Stand-alone security solutions may lead to integration issues. Integrated security solutions provided by the vendors are expected to provide better support and functionality to their customers.

According to the report, a key growth driver for this market is the decline in prices of security solutions. The declining prices of security solutions such as IP cameras are increasing their demand. Cloud-based security solutions offer a whole new array of opportunities for end-users, as a local server to store the camera data is no longer needed. In IP camera hosting, the data is stored in the cloud. This is easier to install and is inexpensive. Earlier, companies had to hire security guards to constantly be on watch at the premises. Now, several companies are switching over to services, in which a third party is alerted whenever there is a suspicious activity. This cuts down on costs and false alarms.

Companies Mentioned:

• Axis Communications
• Bosch Security Systems
• Checkpoint Systems
• Honeywell Security Systems
• Qognify
• Tyco International
• ADT
• A2 Systems
• ALL-TAG Security Americas
• Anixter
• Assa Abloy
• AxxonSoft
• DvTel
• Gallagher
• Genetec
• Hikvision Digital
• Intergraph
• Ketec
• Lenel Systems
• MOBOTIX
• Moonblink
• Nedap
• NetVersand
• NortekSecurity
• Panasonic
• S2 Security
• Salient Systems
• Samsung Techwin
• Schneider Electric
• Security Station
• Siemens
• VideoNEXT
• Watchdog Security

Report Structure:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Evolution of residential security

PART 06: Recent developments in home security solutions

PART 07: Trends in security solutions

PART 08: Role of security solutions in commercial sector

PART 09: Market size and forecast

PART 10: Market segmentation by type

PART 11: Market segmentation by end-user

PART 12: Geographical segmentation

PART 13: Market attractiveness

PART 14: Buying criteria

PART 15: Market drivers

PART 16: Impact of drivers

PART 17: Market challenges

PART 18: Impact of drivers and challenges

PART 19: Five forces analysis

PART 20: Vendor landscape

PART 21: Key vendor profiles

PART 22: Appendix

PART 23: About the Author

For more information visit http://www.researchandmarkets.com/research/dsmlk5/global

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SOURCE Research and Markets