Market Synopsis of Wireless Security System Market
Wireless security system are the security measures that are designed to protect residential and commercial areas from any attacks, to cease unauthorized access and to monitor commercial/residential property. Wireless security system is a broad term which includes video surveillance, access control protocols, firewalls, and many other techniques.
The study indicates that the Wireless Security System Market is boosted by the increasing demand for security measures due to the increasing threats. The study indicates that apart from it the increasing usage of IoT and advancements in the wireless technology also drives the wireless security system market. The technological advancements are contributing to development of cost effective security systems which boosts the wireless security system market. The study indicates that high costs of wireless security systems is a challenge faced by the wireless security system market.
The global wireless security system market is expected to grow at USD ~140 Billion by 2023, at ~11% of CAGR between 2017 and 2023.
The prominent players in the wireless security system market are – Cisco Systems, Inc. (U.S.), Assa Abloy (Sweden), FLIR Systems (U.S.), Bosch Security Systems, Inc. (Germany), ADT Corporation (U.S.), Brocade Communications Systems Inc. (U.S.), Honeywell International, Inc. (U.S.), Fluke Corporation (U.S.), Symantec Corporation (U.S.), Fortinet (U.S.), among others
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Study Objective of Wireless Security System Market
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global Wireless Security System Market
- To provide insights about factors affecting the market growth
- To analyze the Wireless Security System market based on various factors- value chain analysis, porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by verticals, by type, by application and sub-segments.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Wireless Security System Market.
The global wireless security system market has been segmented on the basis of type, industry and region.
Wireless Security System Market by Type:
Wireless Home Security
- Wireless security cameras
- Wireless alarm system
- Wireless monitoring systems
Wireless Network Security
- Intrusion prevention/detection systems
- Identity and access management systems
Wireless Security System Market by End-User:
- Commercial and residential
- Construction and architecture
- IT & Telecom
The regional analysis of wireless security system market is being studied for region such as Asia pacific, Americas, Europe and Rest of the World. Technological advancements and high security concerns has driven the market of wireless security system in North America. It has been observed that North America region is the leading in wireless security system market. The study reveals that Asia-Pacific region is expected to show a positive growth in the wireless security system market during the forecast period. Asia-Pacific countries like China, Japan and South Korea have a fair share in the wireless security system market.
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- Software investors
- Security solution vendors
- Wireless security system service providers
- Value-added Resellers
- Investors and Venture Capitalist
- Security Management Service Provider
- Security Equipment Providers
- Security Agencies
- System Integrators
- Research/Consultancy firms
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