Integrated Security Services Market Size | Industry Thriving Worldwide at a Significant Growth | Forecast to 2031

According to a new report published by Allied Market Research, titled, "Integrated Security Services Market, By Type (Compliance Management, Identity And Access Management, Theft Management, Others), By Deployment Mode (On-Premise, Cloud), By Enterprise Size (Large Enterprise, Small And Medium Enterprise), By Industry Vertical (BFSI, Healthcare, IT And Telecom, Retail, Energy And Utilities, Manufacturing, Others): Global Opportunity Analysis And Industry Forecast, 2022-2031".

The integrated security services market size was valued at $15.8 billion in 2021, and is estimated to reach $55.5 billion by 2031, growing at a CAGR of 13.7% from 2022 to 2031.

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Integrated security services offer a wide range of products and solutions to meet the security requirements of the customers. It focuses on emerging technologies that enable to design and build security systems that are scalable and integrated to accommodate any technological situation. Furthermore, the objectives of integrated security services are to identify unauthorized activities and thefts with more reliability and delay them until an effective response/engagement can be accomplished. Moreover, it offers a multi-layered security system and integrates them into one solution. It plays a major role in the business environment empowering companies to accomplish their growth initiatives and set targeted benchmarks.

For instance, Integrated Security Services (ISS) through partnerships with Lenel Systems International, Exacq Technologies, Salient Management Company, OnSSI, Axis Communications, Panasonic and Sony, provide user-friendly open architecture solutions that drive industry standards. To provide a broad range of customers with unlimited muscle power to deal with safety and security risks, it offers the most advanced open architecture platform on the market with which to address defense-centric concerns such as mobile access operations, SCIF installations, advanced mustering, absolute intrusion detection control from command keypads, and advanced smart card and biometrics credentialing.

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Competitive Analysis:
The competitive environment of Integrated Security Services Industry is further examined in the report. It includes details about the key players in the market's strengths, product portfolio, Integrated Security Services Market share and size analysis, operational results, and market positioning. It comprises the actions taken by the players to grow and expand their presence through agreements and entering new business sectors. Mergers and acquisitions, joint ventures, and product launches are some of the other techniques used by players.

Key Players:
Broadcom, CGI Inc.
Cisco Systems, Inc.
DynTek, Inc.
Honeywell International Inc.
IBM Corporation
Microsoft
Optiv Security Inc.
Sophos Ltd.
Trend Micro Incorporated and Many More

Region wise, the integrated security services market was dominated by North America in 2021, and is expected to retain its position during the forecast period, owing to its higher expenditure on advanced technological solutions and growing demand for the cloud based services propel the growth of the market in the region. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to the growth in number of startups and the expanding infrastructure in the region, which is expected to fuel the growth of the integrated security services industry in the region during the forecast period.

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The COVID-19 pandemic caused a significant change in consumer preferences toward integrated security services. As several banks and fintech providers were implementing integrated security services to their institutions. Moreover, integrated security services can support accessibility to financial services and deliver a high-quality security experience.

In addition, the COVID-19 pandemic has been the major catalyst in the acceleration of the take-up of integrated security services among various end users such as healthcare and retail for enhanced security of the all the systems.

Similar Reports:
North America Integrated Security Services Market: https://www.alliedmarketresearch.com/north-america-integrated-security-services-market

U.S. Integrated Security Services Market: https://www.alliedmarketresearch.com/u-s-integrated-security-services-market

Canada Integrated Security Services Market: https://www.alliedmarketresearch.com/canada-integrated-security-services-market

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