Future Outlook of Electronic Security Market Poised to Achieve CAGR of 8.98% by 2023 | Major Key Players (AXIS COMMUNICATIONS AB, ROBERT BOSCH, HONEYWELL INTERNATIONAL, TYCO SECURITY PRODUCTS, CHECKPOINT SYSTEMS)

The global electronic security market is projected to grow at a CAGR of 8.98%, over the forecast period (2018 - 2023). This report provides information about the leading players in the market and a corresponding detailed analysis of the top vendors in the electronic security market. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.

Detailed Sample Copy of Updated Analysis @ https://marketprognosis.com/sample-request/16464
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

Rising Trend of Smart Cities Driving Market Growth
The rising trend of smart cities in countries such as India and China is contributing highly towards the growth of the ES market. Several initiatives by the government are also leading to the growth of this market. For instance, China has taken up projects to develop smart cities with advanced security solutions in cities such as Hangzhou, Nanjing, Dalian, and Tianjin. Additionally, the rising usage of CCTV surveillance systems in public places is fueling the growth of the market. However, lack of awareness among the end users and privacy concerns are restraining the market growth.

Key Developments in the Market
November 2017 - Honeywell introduced Self-Monitored Smart Home Security System to safeguard and secure homes. The camera base station will enable enhancements in the future such as facial recognition and wireless motion viewers to provide expanded home coverage.
September 2017 - Axis Communications AB launched AXIS C8033 Network Audio Bridge, which allows integration of analog and digital audio systems. It provides an added value in a variety of applications such as background music playback and sending alerts to public.

Major Players –
AXIS COMMUNICATIONS AB, ROBERT BOSCH LLC, HONEYWELL INTERNATIONAL INC., TYCO SECURITY PRODUCTS, CHECKPOINT SYSTEMS, INC., ADT LLC DBA ADT SECURITY SERVICES, HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD, MOBOTIX AG, ALLEGION PLC, AND GUNNEBO UK LTD. amongst others.

Request Discount on this report @https://marketprognosis.com/discount-request/16464
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

Public Sectors Occupies the Largest Share in the Market
The public sector holds the highest share in the market as the governments are making use of the advanced technological solutions for criminal detection applications and surveillance. In 2017, drones were used by the department of police in Arkansas for highly specialized missions (tracking a suspect/ obtaining inside view of additional information).

North America is the Major Contributor to the Market
The North American market is the highest contributor to electronic security owing to the initiatives by the government to integrate these systems into their public safety segment. The US is the major contributor to the North American market, several states in the US are conducting trial operations on drones to understand its capability and efficiency. The Asia-Pacific market is the fastest growing market, which is estimated to grow at a faster pace during the forecast period as compared to other regions.

Enquiry Before Buying@ https://marketprognosis.com/enquiry/16464
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:
ProgMarkPvt Ltd,
Thane - 421501
India.
Contact No:+1 973 241 5193
Email: sales@marketprognosis.com

This release was published on openPR.