Electronics Security Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

According to the latest report by IMARC Group, titled “Electronics Security Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global electronics security market experienced double-digit growth during 2014-2019. Electronic security refers to a system of integrated electronic circuits that ensures physical safety of an enclosed space. It utilizes several power and mechanical components, such as access control, closed-circuit television (CCTV) surveillance, fire alarms, and intrusion control systems. Electronics security also provides monitoring over the entry points along with reducing property damages and inventory losses by taking on-time action.

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Rapid urbanization and growing penetration of automated machinery across several industries are propelling the market for electronics security. Furthermore, the increasing incidences of property thefts and break-ins have led to the high deployment rate of electronic security solutions by several governments and private organizations. Additionally, various authorities emphasize on securing public transportation and infrastructures, such as power grids, water plants, and oil and gas facilities, thereby driving the product demand. The rising adoption of electronic security systems in shopping malls, residential apartments, and commercial buildings, is also inducing the market growth. Moreover, these systems are also used by individuals for access control, surveillance, fire detection, maintenance of attendance records, and internet monitoring, thereby experiencing high demand. Looking forward, IMARC Group expects the global electronic security market to continue to exhibit strong growth during the forecast period (2020-2025).

Breakup by Product Type:

• Surveillance System
• Access Control System
• Intrusion Detection System
• Alarming System
• Others

Breakup by Service Type:

• Installation Services
• Managed Services
• Consulting Services

Breakup by End-Use Sector:

• Government
• Residential
• Transportation
• Banking
• Hospitality
• Healthcare
• Retail
• Others

Breakup by Region:

• North America
o United States
o Canada
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

Competitive Landscape Key Player:

• Axis Communications (Canon Inc.)
• ADT Security Services Inc. (Apollo Global Management Inc.)
• Bosch Security Systems Inc.
• FLIR Systems Inc.
• Hitachi Ltd.
• Honeywell International Inc.
• IBM Corporation
• Tyco International (Johnson Controls)
• Lockheed Martin Corporation
• OSI Systems
• Siemens AG
• Thales Group

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/electronics-security-market

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