Press release
Security Solutions Market By Top Players: ASSA ABLOY AB, Bosch Security Systems, Axis Communications, Honeywell International, Stanley Security Solutions, Tyco International, ADT Corp., Alarm.com, Nortek Security & Control LLC., Allegion, Control4
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Security Solutions Market size is anticipated 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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• 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
• Control4
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.
The security solutions market is segmented on the basis of the type of solutions and the end-use industry. The system, by type, is classified into products and services. The products include fire protection, thermal cameras, video surveillance, wireless systems, access control, intruder alarms, and entrance control. The services include security systems integration, access control services, remote monitoring, video surveillance, and fire protection services.
Fire protection systems segment is anticipated to lead the security solutions market during the forecast time frame. Some of the major systems included under this type are sprinklers, fire alarms, and extinguishers. Increasing use of fire protection systems in residential and industrial buildings is expected to drive the market. Roving patrol systems are a preferred option to provide security to vast stretches of land such as huge housing societies or large manufacturing companies. These systems are economical and provide visible presence, GPRS tracking, quick response, and active patrolling.
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.
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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.
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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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.
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ATM Market Size By Solution (Deployment [Onsite, Offsite, Worksite, Mobile], Managed Services), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, China, India, Japan, South Korea, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
https://www.marketwatch.com/press-release/by-2024-atm-market-to-reach-25-billion-2018-09-19
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