Press release
Global Security Solutions Market By Key Players: ASSA ABLOY AB, Zhejiang Dahua Technology, Bosch Security Systems, Axis Communications AB, Honeywell International, Stanley Security Solutions, Tyco International
Global Market Insights
Security Solutions Market is set to witness growth during the forecast period owing to the growing necessity to protect property and individuals from increasing threats. Increasing consumer awareness regarding prevailing security concerns is expected to drive security solutions market growth for the next eight years.
The design of sophisticated and efficient systems, in addition to user-friendly installation features, enabled by wireless technology is anticipated to boost the market growth. Furthermore, adoption of IoT-based systems and remote monitoring using mobile devices are expected to provide impetus to security solutions market growth. The high cost of maintenance and large initial investments are expected to restrain the market growth. Lack of awareness regarding technological advancements is expected to challenge security solutions market growth. Furthermore, the low adoption rate is expected to challenge manufacturers.
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Top Key Players: -
Some of the key security solutions market participants include ASSA ABLOY AB, Zhejiang Dahua Technology Co., Ltd., Bosch Security Systems, Axis Communications AB, Honeywell International, Inc., Stanley Security Solutions, Tyco International Ltd., SECOM Co., Ltd., UTC Fire & Security, Hikvision Digital Technology Co., Ltd., ADT Corp., Alarm.com, Nortek Security & Control LLC., Godrej & Boyce Manufacturing Company Ltd., Ingersoll Rand Solutions, Allegion, and Control4.
Market share calculation in this report is not done based on companies covered in it. The calculation of security solutions 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: -
North America is expected to dominate the global security solutions market. Most of the residential and commercial buildings in this region are equipped with fire protection systems, owing to stringent fire and safety protection norms. Several manufacturers in this region offer different systems such as flame detectors, fire detectors, sprinklers, heat detectors, fire alarms, extinguishers, sirens, fire analysis software, and control panels & interfaces.
Asia Pacific is anticipated to be the region of the fastest growth owing to high infrastructure growth in railways, airports, and highways. Strong growth in banking and financial services is expected to provide ample growth opportunities for security solutions market for the next eight years.
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On the basis of end-use industry, the security solutions market is segmented into retail, residential, commercial, transportation, BFSI, education, government, industrial, healthcare, and energy & utilities. The commercial end-use segment is expected to hold the largest market share, owing to increasing instances of theft of physical and data/information property and the growing need to protect people & property. The corporate organizations are increasingly investing in these systems to protect employees and sensitive data. For instance, biometric or access control systems are used in server rooms of large corporations that deal with critical & sensitive data.
The wireless systems are projected to grow at a high CAGR. These types of systems can improve interactive monitoring services. These can be remotely and easily operated. Residential premises are being increasingly equipped with technological platforms to enable the occupants to remotely access electronic devices using tablets, smartphone, and laptops. These include intruder alarm systems, medical alert systems, intercom systems, access control & management systems, video surveillance systems, and integrated systems. Growing use of these systems for residential security is projected to propel security solutions market growth.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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