US Electronic Security Systems Market To Enjoy 'Explosive Growth' To 2027 | CAGR: 8.4%

This study offers a comprehensive, 360 degree analysis on the US Electronic Security Systems Market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global US Electronic Security Systems Market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

The US electronic security systems market was valued at US$ 10.33 Mn in 2018, and is calculated to reach US$ 20.50 Mn by 2027, growing at a CAGR of 8.4% from 2019 - 2027.

The continuous engagement of various US governmental verticals with electronic security systems market players to procure technologically advanced systems is catalyzing the growth of electronic security systems market in the US. The US electronic security system is anticipated to grow at a higher pace during the forecast period, mainly due to a large number of vendors coming forward and offering electronic security systems to the federal, state and local government agencies throughout the US. The leading players are involved in designing, developing, installation, and maintenance of technically complex integrated electronic security systems for federal government customers.

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Within the US Electronic Security Systems market, various regions are observed to exhibit different growth trends. North America hold the largest share of the total US Electronic Security Systems market. While the regions such as Europe and APAC are expected to exhibit high growth along with the increasing growth in industrial and Electronics and Semiconductor sector.

The Major Manufacturers Covered In This Report: Johnson Controls, ADT Inc., Honeywell International Inc., KBR Inc., and BAE Systems among others.

Key Benefits:
o US Electronic Security Systems model helps analyze the potential of buyers & suppliers, and the competitive sketch of the market, which is expected to guide the market players to develop strategies accordingly.
o It outlines the current trends and future scenario of the market from 2017 to 2023 to understand the prevailing opportunities and the investment pockets.
o This report provides an in-depth analysis of the global US Electronic Security Systems market to identify the potential investment pockets.
o The key drivers, restrains, and opportunities are provided in the report.

There are number of agencies and associations in the United States working for the development of security systems, such as, Department of Homeland Security (DHS), Department of Defense, Department of Transportation, Department of Health and Human Services, US States Security Licensing Guide, Department of Energy, National Security Agency (NSA), General Services Administration (GSA), and Electronic Security Association (ESA), among others.

The reports cover key market developments in the US Electronic Security Systems as organic and inorganic growth strategies. Various companies focus on organic growth strategies such as product launches, product approvals and others such as patents and events. The inorganic growth strategy activities observed in the market were acquisitions, partnerships and collaborations. These activities paved the way for an expansion of the businesses and customers of the market players. The market payers of the US Electronic Security Systems are destined for lucrative growth opportunities in the future with the increasing demand for market US Electronic Security Systems in the world market.

The ESA is the largest trade association in the United States, representing the electronic security and life safety industry. The ESA provides government advocacy, technical and management training, and delivers the information, advice, tools, and services that are used by the members for growing their business. Similarly, the DHS tests UAVs to guard the environment against cyber-attacks in the United States for border patrol, critical infrastructure protection, transit monitoring, and general surveillance of the US population. The majority of computer surveillance involves traffic on the Internet and tracking of data. For instance, in the US, under the Communications Assistance for Law Enforcement Act, all phone calls and broadband Internet traffic (instant messaging, emails, web traffic, etc.) are required to be available for actual monitoring by federal law enforcement agencies.

The report segments the US electronic security systems market as follows:

US Electronic Security Systems Market, by Product Type
o Video Surveillance Systems
o Camera
o Video Management
o IP Video Recording

o Alarming Systems
o Monitoring System
o Intrusion Detection System
o Perimeter Alarm System

o Access Control System
o Card Reader
o Biometrics
o Electronic Systems

US Electronic Security Systems Market, by Component
o Camera
o Monitor
o Storage Devices
o Software
o PSIM
o Identity Management

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This release was published on openPR.