Security Systems Market Highlights:
The security systems market is growing at a positive rate including the wireless and electronic security systems. Many various dynamic and diversified international organizations having global presence and remotely connected, regional organizations dealing mainly in commercial spaces and as well as new entrants. The key leaders in the market are continuously innovating and investing in the Research and Development and cost effective portfolio.
This is majorly due to emerging economies such as China, India and Japan investing more in defense and automation in industries like retail, Banking & Finance and Transportation. However, North America is the leader in the Security Systems Marketlargely due to the factors like early adoption towards industrial automation and highly advanced Aerospace & defense industry.
Many large organizations having remote connectivity in their worldwide offices are investing much more in wireless and electronic security because of a huge threat of internet based applications and cyber-attacks to prevent the sensitive and confidential data.
Honeywell International, Inc (US), Brocade communication systems Inc (US), Fortinet (US), CiscoSystems Inc (US), ADT Corporation (US), Symantec Corporation (US), ASSA Abloy (Sweden), FLIR systems (US), and Bosch security systems (Germany) are the notable players in the security systems market.
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Security Systems Market Segmentation:
The global security systems market has been segmented based on product, deployment, and end user.
- By product, the security systems market has been segmented into hardware and software solutions.
- By deployment, the security systems market has been segmented into industrial security and commercial security. The industrial security segment can be further segmented into large enterprises and SMEs. The commercial security segment is leading the market. The growth of the segment can be credited to the deep penetration of internet and growing digitalization across industries such as Retail and Banking & Finance industries. However, the deployment of security in the industrial sector is higher in terms of wireless security systems.
- By end user, the security systems market has been segmented into transportation, industrial, retail, commercial, banking & finance, and aerospace & defense.
Security Systems Market Regional Analysis:
By region, the security systems market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
The security systems market is majorly dominated by North America. The US is a leader in security-related technologies and early adoption of radar systems, access control management, and other security systems in diverse industries are fostering the growth of the market. Moreover, the presence of major market players in the region who are investing heavily in the R&D activities has led to numerous product launches. Additionally, the level of awareness regarding security is also relatively high in the residential sector, which generates a substantial part of the demand in the region.
In Europe, countries such as the UK, Germany, France, and Sweden are following the footsteps of the US and are progressively adopting industrial automation and incorporating advanced security solutions within various processes.
The APAC security systems market is anticipated to be thriving in the emerging economies of China, Japan, and India who are investing heavily on their defense mechanism and on automation of industries such as transportation, banking & finance, and retail.
Security Systems Industry Updates:
June 2019 – NXP Semiconductors N.V., a company which enables secure connections and infrastructure for a smarter world, will launch its EdgeVerse platform brand, scalable embedded processing, security, software, and turnkey solutions.
Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Security Systems Market
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
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List of Tables
Table 1 Security Systems Market, By Product
Table 2 Security Systems Market, By Deployment
Table 3 Security Systems Market, By End User
List of Figures
Figure 1 Research Methodology
Figure 2 Security Systems Market, By Product (%)
Figure 3 Security Systems Market, By Deployment (%)
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