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Electronic Security Market Trends & Forecast 2024 By Major Industry Vendors: Amazon, Apple, AT&T, DB Schenker Logistics, Denso Corporation, DHL, FedEx, Garmin International, General Motors, Google, Hyundai Motor Company, NTT DoCoMo, Nuance Communications,

10-11-2018 03:08 PM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Electronic Security Market Trends & Forecast 2024 By Major

Segmentation of the electronic security market by product indicates that the antiterrorist and inspection equipment is anticipated to grow during the forecast timespan owing to their applications in airports, commercial units, and the residential sector. Systems such as metal detectors, X-ray inspection machines, and turnstile & revolving doors can be easily deployed at low cost or on rent basis and are instrumental in dissuading criminals carrying explosives and armaments from threatening the safety of the general population.

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Public-sector applications are the largest revenue-generating segment. Various government bodies are making use of advanced solutions for surveillance and criminal detection applications. For instance, in September 2017, a police department in Arkansas was reported to be using drones for highly specialized missions such as the tracking of a suspect or obtaining an inside view and additional information in a hostage situation.

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.

The growing impact of smart technologies, biometrics, and home automation systems is anticipated to revolutionise the electronic security market. Technological advancements such as the development of remote access monitoring technologies allow homeowners to monitor surveillance cameras and sensors remotely with the aid of a mobile app or a web portal. Additionally, they can be armed and disarmed at will from remote locations at any time.

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The growing trend of IoT and connected systems is causing security to become a prime area of concern and leading to the high adoption of electronic security market. Everyday consumer products, such as fridges and coffee machines, are increasingly equipped with computer chips that can be hacked into to extract sensitive customer information and understand the user’s behaviour pattern. Technology such as the Samsung smart TV for instance has major security issues since Tizen OS can be easily hacked into by external parties. To improve security provided to homes, vendors in the electronic security market are increasingly providing smart solutions such as intelligent door locking systems and facial recognition sensor technology for refrigerators.

The custom service segment of the electronic security market is anticipated to exhibit high growth. Cross border drug and human smuggling, packaged in normal settings, have undergone high growth in the recent years. Illegal contrabands can be stored in packages or placed in body cavities. The U.S government, for instance, is tightening their border security protocols along the southern border owing to increasing instances of drug trade.

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Electronic security market players include ADT LLC, 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, MilliVision Technologies, Napco Security Technologies, Inc., OSI Systems, Inc., OT-Morpho, RedXDefense LLC, Scanna MSC Ltd., Siemens AG, Schneider Electric, SDMS Security Products UK Ltd., Smiths Detection LLC, Thales Group, Vanderbilt Industries LLC, Victoria Alarm Services Ltd., Westminster Group PLC, Zod Security, Amazon, Inc., Apple, Inc., AT&T Inc., DB Schenker Logistics, Denso Corporation, DHL, FedEx, Garmin International, Inc., General Motors, Google Inc., Hyundai Motor Company, NTT DoCoMo, Inc., Nuance Communications, Ricardo PLC, Royal Mail Plc., Samsung Electronics, Toyota Motors, UPS, Volkswagen AG, WS Atkins PLC

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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.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://technologymagazine.org

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