The global market for home security solutions is forecast to grow at a 8.9% CAGR over the period 2011-2015. One of the key factors contributing to this market growth is the increasing security concerns across the globe. The Global Home Security Solutions market has also been witnessing the transformation from a technology-driven to a consumer-driven industry. However, the lack of awareness with respect to advancements in technology could pose a challenge to the growth of this market.

Key vendors dominating this market space include Bosch Security Systems Inc., Honeywell International Inc. and Tyco International Ltd. Other vendors mentioned in the report are Alarm.com Inc., GE Security Inc., AMX Corp., Control4 Corp., GE Security Inc., Home Automation Inc., Icontrol Networks Inc. and Siemens Building Technologies AG.

Sourced from security magazine