Press release
Electronic Security Market in APAC Region is Expected to Account High Industry Share By 2024
electronic security market
Speaking of the regional growth distribution of electronic security industry, the North America electronic security market is set to expand at a commendable pace owing to its security infrastructure, awareness related to safety and the growing spending by the governments of U.S and Canada. The Asia Pacific region will continue to grow as the economic surge, uptick in industrialization and increasing awareness contribute to the soaring electronic security industry demand.
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According to a few trusted reports, the total cost of reported stolen property in the U.S. constituted to $12.42 billion in 2016. The two decades of 1995-2015 witnessed close to 2,500 incidents of theft of radioactive materials and trafficking, according to a report by The International Atomic Energy Agency (IAEA). The electronic security market has been gearing up to tackle the growing concerns of security and safety across all domains. The upcoming electronic security firms seem to be aware of the need to become proactive rather than being reactive to the perceived threats and probable incidents leading to loss of human life and weakening of financial assets.
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. The proposed figure is reportedly more than double of the market valuation of 27 billion in 2016. Favorable governmental legislations across the globe is expected to gradually mandate deployment of safety and security solutions in majority of the sectors. For instance, in Karnataka, one of the prominent states in India, it is now compulsory to install CCTV cameras surveillance systems in most of the commercial infrastructure premises such as ATMs, pubs, cyber cafes, restaurants, and banks.
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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.
Electronic Security Market is projected to reach a revenue of approximately USD 60 billion over the forecast timespan. The increasing instances of theft, vandalisms, homicides, and rapes is causing governments of various economies, primarily in the Latin American and Asia Pacific region to adopt equipment provided by players in the electronic security industry. The 'Safe City' plan of the Chinese government to enhance civilian security is expected to propel the demand for surveillance and video monitoring systems.
Some Point from Table of Contents:
Chapter 4. Electronic Security Market, By Product
4.1. Electronic security industry share by product, 2016 & 2024
4.2. Access and control system
4.2.1. Market estimates and forecasts, 2013 - 2024
4.3. Surveillance and alert system
4.3.1. Market estimates and forecasts, 2013 - 2024
4.4. Anti-theft system
4.4.1. Market estimates and forecasts, 2013 - 2024
4.5. Antiterrorist and inspection equipment
4.5.1. Market estimates and forecasts, 2013 - 2024
4.6. Others
4.6.1. Market estimates and forecasts, 2013 – 2024
Chapter 5. Electronic Security Market, By Application
5.1. Security system electronics industry share, by product, 2016 & 2024
5.2. Environmental
5.2.1. Market estimates and forecasts, 2013 - 2024
5.3. Public sector
5.3.1. Market estimates and forecasts, 2013 - 2024
5.4. Custom service sector
5.4.1. Market estimates and forecasts, 2013 - 2024
5.5. Postal
5.5.1. Market estimates and forecasts, 2013 - 2024
5.6. Telecommunications
5.6.1. Market estimates and forecasts, 2013 - 2024
5.7. Residential
5.7.1. Market estimates and forecasts, 2013 - 2024
5.8. Others
5.8.1. Market estimates and forecasts, 2013 – 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/electronic-security-market
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Arun Hegde
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Global Market Insights, Inc.
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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.
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