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.
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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
Wireless Security System Market Segmentation
The wireless security system market has been segmented on the basis of type, end-user and region. Looking through the end-user segment it has been observed that commercial sector has shown a substantial increase in wireless security system market and holds the largest market share. The study indicates that the other sectors like residential and government would show a positive growth in the wireless security system market.
Market Research Analysis:
On geographic basis, wireless security system market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading in the wireless security system market. North America is expected to grow with a high rate as well as hold the largest market share in the wireless security system market. In the North America region there has been a major focus onto the security concerns against the illegal activities, terrorist activities. Many technological advancements in wireless technology and high adoption of wireless technology is observed in the North America region. The study shows that European region has a positive growth in the wireless security system market. The developing economies in Asia-pacific regions like China, Japan and others are showing high adoption in the wireless security system systems.
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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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