Press release
Electronic Security Market in North America Region is Set to Expand High Rate by 2024 | Key Players are ADT, Honeywell International Inc., G4S PLC, ASSA ABLOY Group, Frontier Pitts, Auto Clear, Hitachi Ltd, and BOSCH Security Systems
Electronic Security Market
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The electronic security market stands to reap substantial benefits in the upcoming times as the advancement in technology, expanding geographical reach, emergence of new business models, earnest government interventions, smart city phenomenon, and accelerated growth of real estate sector among other driving factors, will accentuate the market-specific consumption and will, in turn, steer the electronic security market to achieve greater heights of revenue growth.
Speaking of the commercialization potential of electronic security market, the overall business space is claimed to record a valuation of USD 60 billion by 2024, as estimated by Global Market Insights, Inc. Global electronic security market is claimed to amass remarkable returns in the coming years, inherently propelled by the rising instances of break-ins, property thefts, terror incidents, smuggling contraband and the likes across major economies.
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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.
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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Electronic security market players include ADT LLC, Honeywell International Inc., G4S PLC, ASSA ABLOY Group, Frontier Pitts, Ltd., Auto Clear LLC, Hitachi Ltd, and BOSCH Security Systems. The industry comprises of a large number of players owing to which companies are required to undertake strategies such as product innovations and mergers to sustain growth in the electronic security market
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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