Most importantly, we recommend choosing a company with better customer reviews. There are also more affordable home security companies that don’t tie you down with long contracts and have a deeper history of high level customer service. Increasing incidence of crime rates and increasing rate of burglary are the factors that necessitate the home security solutions. Design of efficient and sophisticated security systems along with user friendly installation features enabled by wireless technology are the key factors that are expected to boost the market growth. Furthermore, availability of remote monitoring with the aid of mobile devices along with beneficial insurance policies are also expected to fuel the growth of the home security solutions market. Large initial investment and cost of maintenance of the equipment along with lack of awareness regrading technological enhancements are the factors that are likely to restrain the growth of the market. The strategies adopted by telecom providers and electrical distributors are the factors that will create abundant growth opportunities in this market. Low adoption rate of security solution systems is a key market challenge faced by manufactures and key market players. Customer acquisition and retention are key issues that are expected to have great impact on the growth of the world home security solutions market. The report segments the world home security solutions market based on products, solutions, home types and geography. On the basis of products, this market is segmented into electronic locks, sensors, cameras, panic buttons, and fire sprinklers and extinguishers.