Global Electronic Security Market Growth and Forecast By Key Players: IBM Corporation, Bosch Security Systems, Thales Group, Siemens AG, Lockheed Martin Corporation, Axis Communications, Auto Clear LLC, Hitachi, G4S PLC

Market Overview: -

Electronic Security Market set to reach a revenue of approximately USD 60 billion by 2024. The overwhelming expansion of the electronic security market across the globe has been unprecedented. The indispensability of deploying electronic security systems in commercial and residential areas has become increasingly pronounced in the recent past owing to the increased number of terror incidents, break-ins, property thefts, mishaps in public transportation setups, smuggling of contraband, growing social unrest, and industrial disasters among others.

The electronic security market stands to reap substantial benefits in the upcoming times as the advancement in technology, expanding geographical reach, emergence of new business models, earnest government interventions, smart city phenomenon, and accelerated growth of real estate sector among other driving factors, will accentuate the market-specific consumption and will, in turn, steer the electronic security market to achieve greater heights of revenue growth.

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Top Key Players: -

The electronic security industry has been highly competitive with reputed firms such as IBM Corporation, Bosch Security Systems, Thales Group, Siemens AG, Lockheed Martin Corporation, Axis Communications, Auto Clear LLC, Hitachi Ltd, G4S PLC, OSI Systems, Inc., to name a few. The upcoming electronic security providers like Zicom and Gemalto, which collaborate with banks and governments across various regions of the world are forming a strong framework to disrupt the electronic security market in a positive way.

Market share calculation in this report is not done based on companies covered in it. The calculation of fluid sensors market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

Speaking of the regional growth distribution of electronic security market, the North America electronic security market is set to expand at a commendable pace owing to its security infrastructure, awareness related to safety and the growing spending by the governments of U.S and Canada. The Asia Pacific region will continue to grow as the economic surge, uptick in industrialization and increasing awareness contribute to the soaring electronic security industry demand.

According to a few trusted reports, the total cost of reported stolen property in the U.S. constituted to $12.42 billion in 2016. The two decades of 1995-2015 witnessed close to 2,500 incidents of theft of radioactive materials and trafficking, according to a report by The International Atomic Energy Agency (IAEA). The electronic security market has been gearing up to tackle the growing concerns of security and safety across all domains

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Partial Chapter of the Table of Content

Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definition and forecast parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Electronic security industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Product trends
2.1.4. Application trends
Chapter 3. Electronic Security Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Technology & innovation landscape
3.4.1. Remote monitoring security systems
3.4.2. Intelligent door locking system
3.4.3. Biometric technology
3.4.4. License plate readers
3.4.5. Surveillance drones
3.4.6. IP network cameras
3.5. Regulatory landscape
3.5.1. Data Protection Act 1998
3.5.2. British standards for video surveillance equipment
3.5.3. Health Insurance Portability and Accountability Act (HIPAA) security regulations
3.5.4. ISO standard
3.5.5. Australian Design Rule 25/02 – Anti-Theft Lock
3.5.6. BSi PAS 68 and 69
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Rising instances of property theft and break-ins in the U.S
3.6.1.2. Growing penetration of home security solutions in the UK
3.6.1.3. High risks associated with the terrorist attacks in U.S, India and Europe
3.6.1.4. Growing trend of automation and smart technology in the Asia Pacific
3.6.1.5. Technological advancements in security electronics in Asia Pacific and the U.S
3.6.1.6. High demand for wireless and contactless technologies in the U.S. and UK
3.6.2. Industry pitfalls and challenges
3.6.2.1. High costs associated with security system electronics
3.6.2.2. Lack of technical knowledge to use the security systems
3.7. Growth potential analysis
3.8. Porter’s analysis
3.9. Competitive landscape
3.9.1. Strategy dashboard
3.10. PESTEL analysis

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The increasing complexity and sophistication of security threats to public, private and governmental spaces have forced the electronic security providers to come up with innovative, viable and sustainable solutions. For instance, new electronic security industry players like Zicom are making a bold effort to become industry leaders by launching excellent products that minimize the input and maintenance costs of the security infrastructure deployed to secure financial assets of its customers.

The growing governmental legislations across the world shall gradually make the safety and security solutions mandatory across all sectors. For instance, a few states in India have made it a compulsion for all the private establishments to install CCTV surveillance on their premises. These initiatives with regards to securing the infrastructure by both the private and competitive entities are overt to enhance the profitability quotient of electronic security industry. According to Global Market Insight Inc., the global electronic security market size was estimated to be approximately $27 billion in 2016.

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