Growth of Electronic Security Market Forecast to 2024 in a Newly Released Report Profiling ASSA ABLOY Group, Auto Clear LLC, Axis Communications, BOSCH Security Systems, Brivo Systems, LLC, Fisher Research Laboratory, FLIR Systems, Inc, Frontier Pitts, Lt

Market Study Report adds 2024 global Electronic Security market research of 290 pages supported with 120 data tables and 40 figures profiling 20 leading Electronic Security industry companies. The research offers forecasts to 2024 for the development of smart cities in countries such as China and India is contributing to the high growth of the electronic security market.

Electronic Security Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a 10% CAGR to 2024.

The data in this Electronic Security market research is collated via multiple channels including but not limited to primary and secondary sources, databases, business specific references and others. The study aims to offer not only commercial data but also includes analysis of important factors, technical as well as market-oriented insights. Players in the Electronic Security market including established companies, new entrants and everyone in between this industry chain covering suppliers, experts, manufacturers, service providers, traders, distributors, consumers / clients and others may find value in this research. Companies profiled include Developer & Manufacturer Profiles, ASSA ABLOY Group, Auto Clear LLC, Axis Communications, BOSCH Security Systems, Brivo Systems, LLC, Fisher Research Laboratory, FLIR Systems, Inc, Frontier Pitts, Ltd, Future Fibre Technologies, G4S PLC, Hitachi Ltd, Honeywell International Inc, Johnson Controls International Plc, L-3 Communications Security & Detection Systems, Napco Security Technologies, Inc, OSI Systems, Inc, OT-Morpho, RedXDefense LLC.

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Electronic Security Market size is set to exceed USD 60 billion by 2024. The state and central governments of various countries are placing high focus on the development and adoption of advanced systems in high-traffic locations such as public roads, transit stations, and malls, contributing to the growth of the electronic security market. For instance, the Indian government in 2014 set up a USD 125 million fund solely devoted to the prevention of sexual violence among women through the installation of security equipment such as surveillance systems at high-risk public locations. These hardware systems are equipped with video analytics and advanced algorithms that allow the detection of criminals. Furthermore, technological advancements have also aided in the improvement of existing technologies such as high-resolution 4k cameras and IP surveillance units.

Crime rates across the world are heavily impacted with the rising penetration of these systems in residential and commercial settings and is anticipated to drive the electronic security market growth. End-users across the world are replacing conventional security systems such as guards and physical body checks with high-tech solutions. Physical body checks in malls and airports can be cumbersome and increase customer discomfort, primarily among women. X-ray body scanners, on the contrary, requires the person to pass through an electronic frame.

The rising trend of the development of smart cities in countries such as China and India is contributing to the high growth of the electronic security market. For instance, the Chinese government has undertaken large construction projects for the development of smart cities imbued with advanced security solutions in cities such as Dalian, Hangzhou, Nanjing, and Tianjin. The rise in traveler population across the world is also leading to the growth of the electronic security market.

The North America electronic security market is projected to dominate the global business landscape owing to the government initiatives to integrate these systems into their public safety segment. For instance, the FAA Modernization and Reform Act of 2012 contains provisions to make the unmanned aerial systems (UAS) licensing process easier and quicker for law enforcement officials. Various U.S states are currently conducting trial operations on drones to understand their capabilities and their operational efficiency.

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Table of Content:

Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Electronic Security Industry Insights
Chapter 4. Electronic Security Market, By Product
Chapter 5. Electronic Security Market, By Application
Chapter 6. Electronic Security Market, By Region
Chapter 7. Company Profiles

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