Electronic Security Market Share

Electronic Security Market to See 10% CAGR Growth to 2024: Growth Factor & Trends

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MarketStudyReport.com adds a new Electronic Security Market research report that provides a detailed market overview as well as industry analysis for / of companies, manufacturers and distributors covering data on gross margin, cost structure, consumption value, sale price and more.

The state and central governments of various countries are placing high focus on the development and adoption of advanced systems in high-traffic locations such as public roads, transit stations, and malls, contributing to the growth of the Electronic Security Market. For instance, the Indian government in 2014 set up a USD 125 million fund solely devoted to the prevention of sexual violence among women through the installation of security equipment such as surveillance systems at high-risk public locations. These hardware systems are equipped with video analytics and advanced algorithms that allow the detection of criminals. Furthermore, technological advancements have also aided in the improvement of existing technologies such as high-resolution 4k cameras and IP surveillance units.

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Electronic Security Market size is set to exceed USD 60 billion by 2024; according to a new research report.

Crime rates across the world are heavily impacted with the rising penetration of these systems in residential and commercial settings and is anticipated to drive the electronic security market growth. End-users across the world are replacing conventional security systems such as guards and physical body checks with high-tech solutions. Physical body checks in malls and airports can be cumbersome and increase customer discomfort, primarily among women. X-ray body scanners, on the contrary, requires the person to pass through an electronic frame.

The rising trend of the development of smart cities in countries such as China and India is contributing to the high growth of the electronic security market. For instance, the Chinese government has undertaken large construction projects for the development of smart cities imbued with advanced security solutions in cities such as Dalian, Hangzhou, Nanjing, and Tianjin. The rise in traveler population across the world is also leading to the growth of the electronic security market.

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The surveillance and alert system market is anticipated to exhibit substantial growth during the forecast timeframe. The reduction in component and raw material costs is contributing to the decline in the electronic security market price trend. Remote monitoring systems are increasingly finding application in developed regions such as U.S and Western Europe. Installing a home security solution with remote monitoring capabilities allows the homeowner to access security cameras and video units situated inside the residential location in real-time.

Public-sector applications are the largest revenue-generating segment. Various government bodies are making use of advanced solutions for surveillance and criminal detection applications. For instance, in September 2017, a police department in Arkansas was reported to be using drones for highly specialized missions such as the tracking of a suspect or obtaining an inside view and additional information in a hostage situation.

The North America electronic security market is projected to dominate the global business landscape owing to the government initiatives to integrate these systems into their public safety segment. For instance, the FAA Modernization and Reform Act of 2012 contains provisions to make the unmanned aerial systems (UAS) licensing process easier and quicker for law enforcement officials. Various U.S states are currently conducting trial operations on drones to understand their capabilities and their operational efficiency.

Players operating in the global electronic security market include Axis Communications, BOSCH Security Systems, Hitachi Ltd, OSI Systems, Inc., SDMS Security Products UK Ltd., Siemens AG, MilliVision Technologies, ASSA ABLOY, Scanna MSC Ltd., Thales Group, RedXDefense LLC, etc. Industry players conduct strategic moves such as mergers and acquisitions to sustain growth. For instance, in July 2017, Assa Abloy announced the acquisition of Arjo Systems SAS to strengthen their physical and digital identity solution provisions.

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Global Electronic Security Market Driver and Trends 2016 Analysis and Forecasts to 2020

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MarketStudyReport.com adds “Global Electronic Security Market 2016-2020” new report to its research database. The report spread across 62 pages with table and figures in it.

The analysts forecast the global electronic security market to grow at a CAGR of 14.4% during the period 2016-2020.

 

About Physical Security

Physical security refers to security measures that help to monitor and control access of an entity to premises, or equipment, or resources. These measures protect individuals and property from theft or attacks. Physical security involves the use of multiple layers of security products, such as surveillance systems, locks, and access control systems. It is mainly divided into two: electronic physical security and mechanical physical security. Electronic physical security is a system that is developed by integrating numerous entities as per end-users’ requirements. This security system is a combination of various security equipment or solutions.

 

Browse full table of contents and data tables at https://www.marketstudyreport.com/reports/global-electronic-security-market-2016-2020/

 

Covered in this report
The report covers the present scenario and the growth prospects of the global electronic security market for 2016-2020. This report provides a list of vendors that provide electronic security solutions across the globe. Vendors are identified based on their product features, geographical presence, customer base, and product portfolio.

The market is divided into the following segments based on geography:
– Americas
– APAC
– EMEA

The Research report, Global Electronic Security Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

 

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Key vendors
– Axis Communications
– Bosch Security Systems
– Honeywell Security
– Tyco Security Products

Other prominent vendors
– ADT Security Services (acquired by Apollo Global Management in June 2016)
– A2 Systems
– ALL-TAG Security Americas
– Anixter
– ASSA ABLOY
– AxxonSoft
– Checkpoint Systems
– Delphi
– FLIR Systems
– Gallagher
– Genetec
– Hikvision Digital
– Intergraph
– Ketec
– Lenel Systems
– Nedap
– NetVersant
– Nortek Security (acquired by Melrose Industries and Nevada Corp in July 2016)
– Panasonic
– S2 Security Corporation
– Salient Systems
– Samsung Techwin (named changed to Hanwha Techwin)
– Siemens
– videoNEXT

Market driver
– Decline in prices of security products
– For a full, detailed list, view our report

Market challenge
– Replacing analog cameras with new IP cameras
– For a full, detailed list, view our report

Market trend
– Rising adoption of electronic security products by SMEs
– For a full, detailed list, view our report

Key questions answered in this report
– What will the market size be in 2020 and what will the growth rate be?
– What are the key market trends?
– What is driving this market?
– What are the challenges to market growth?
– Who are the key vendors in this market space?
– What are the market opportunities and threats faced by the key vendors?
– What are the strengths and weaknesses of the key vendors?

 

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