Residential security is a part of physical security, which ensures safety and security of residential buildings and individuals. With an increase in theft and burglary in residences and a rise in the aging population in Europe, the demand for physical security solutions such as intruder alarms and electronic locks have surged. The installation of physical security solutions in residences has led to a reduction in the number of criminal attacks on residences.
Technavio's analysts forecast the residential security market in Europe to grow at a CAGR of 15.51% over the period 2014-2019.
Residential security solutions provide around-the-clock protection to residences from gas leaks, fire, and other hazards. They provide 24/7 monitoring services to homeowners and an option to raise an alert in case of emergency. In Europe such solutions are also used to monitor infants and pets at home. Also, they are accessible from any remote location through smart devices such as cell phones, tablets, and laptops.