Security System Market 2019 Global Leading Growth Drivers, Business Trends, Emerging Audience, Industry Segments, Sales, Profits and Regional Analysis

August 23 13:27 2019
Security System Market 2019 Global Leading Growth Drivers, Business Trends, Emerging Audience, Industry Segments, Sales, Profits and Regional Analysis

Security System Market
Global Security System Market is expected to reach approximately 78.56 USD billion by the end of 2023 with 14.47 % CAGR during the forecasted period from 2017 – 2023

Security Systems Market Highlights:

The global security systems market is anticipated to be worth USD 78 Bn by the end of 2023 and expand at a CAGR of 14% over the forecast period of 2017-2023, asserts Market Research Future (MRFR) in a thoroughly studied report.

Against the backdrop of rising incidences of cyber-attacks and various other fraudulent activities, heightened concern has been witnessed among homeowners, enterprises, as well as industries. This is the prime reason behind the prolific growth of the security systems market. Elevating crime rates and forgery has prompted numerous organizations across the globe to invest in security systems, which have boosted the market growth. factors such as rising penetration of the internet and availability of security products to suit the specific requirements of organizations of varied sizes are further aiding the growth of the market.

Security Systems Market have become an inevitable part of modern-day businesses. Digitization is most of the sectors has exposed them to the increased threat from malicious sources. In such a context, security systems have gained paramount importance.

The rise in a number of thefts and robbery incidences have evoked a high level of concern among homeowners as well. This has prompted various homeowners to invest in home security systems as well which is likely to catapult the growth of the market over the forecast period.

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Competitive Landscape:

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.

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.

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.

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.

Intended Audience:

  • Device manufacturers
  • Network Security providers
  • Distributors
  • Suppliers
  • Research firms
  • Software investors
  • Software Developers
  • IT enablers
  • Vendors
  • Wireless security system service providers
  • Security Agencies
  • Security Equipment Providers

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Table of Contents

1    Market Introduction   

1.1    Introduction   

1.2    Scope of Study

1.2.1    Research Objective

1.2.2    Assumptions

1.2.3    Limitations

1.3    Market Structure

Continued….

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

Continued….

List of Figures

Figure 1 Research Methodology

Figure 2 Security Systems Market, By Product (%)

Figure 3 Security Systems Market, By Deployment (%)

Continued….

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