Market Scope
The global market for electronic security system has the capacity to touch a valuation of USD 59 billion by the end of 2022, believes Market Research Future (MRFR). The market can achieve a stunning CAGR of 30% during the forecast period (2016-2022).
Top Drivers and Key Barriers
Electronic security systems find widespread use across numerous fields of operations, including a business operation to safeguard sensitive business data and to monitor unauthorized access to the systems that hold confidential information. Electronic security systems have the ability to conduct security operations such as alarming, surveillance, intrusion control, or access control to a facility or a location. To fulfill the varying demands of the end-users like financial budgets and property size, market players strive to offer an array of equipment.
Electronic security system offers the users with a host of benefits like video surveillance, which helps track all the entry points at home or businesses. The system helps the businesses lower down the cost and also helps prevent both inventory losses as well as property damages. Some of the significant factors stimulating the demand for Electronic Security Systems Market can be the surging number of property thefts as well as break-ins across the globe. The market also benefits from the mounting demand for electronic security systems across government agencies, manufacturing industries, and commercial establishments.
Rising occurrences of terrorist activities like bombings, contraband smuggling along with shoot-outs occurring at high-risk locations such as trade centers, government’s headquarters, transit locations, and malls have induced substantial losses of human life as well as financial property. These infelicitous events have given rise to the demand for electronic security systems over the years. Additionally, surge in the number of infrastructure development projects like IT hubs and smart cities has fostered the adoption of electronic security systems, given their ability to offer quicker, real-time and improved security and safety.
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Key Players
The key players of Electronic Security System Market report include 3D Datacom (U.S.) (Sweden), Bosch Security Systems (Germany), 3VR Security, Inc. (U.S.). (U.S.), Honeywell international Inc. (U.S.), A&B Security Group (U.S.) , Panasonic System Networks Co. Ltd (Japan), Sony Corporation (Japan), Schneider Electric (France), Cisco Systems, Inc. (U.S.) , A-TEC security system, Inc. (U.S.) and others.
Segments:
The segmental assessment of the Electronic Security System Market has been carried out on the basis of end-users, type, and region. On the basis of type, the electronic security system market has been segmented into intrusion detection, vehicle security, access control, and video surveillance. Based on the end-users, the electronic security system market consists of healthcare, residential, BFSI, industrial and government. On the basis of regions, the electronic security system market is segmented into Europe, North America, Asia Pacific, and others.
Regional Analysis
The regional study of the electronic security system covers regions such as Europe, North America, Asia Pacific, and others. The market is responding to a shift in the demand for security services from the advanced nations to the emerging nations in the previous few years. The North American region is responsible for the major market portion in the electronic security system market especially due to the growing safety awareness among residential and industrial end-users. The North American nations particularly the U.S. is responsible for the major market portion in the electronic security system market owing to influences such as increasing implementation of the security technology by government and commercial end-users, increasing concentration on significant infrastructure protection, severe government protocols and developments in the technical products in the region. The countries in the APAC region particularly China is anticipated to be the fastest increasing region in the forecast period from 2016 to 2022, primarily because it is a major manufacturing hub for the electronic security systems and also owing to the growing number of construction operations in the region.
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TABLE OF CONTENTS
- Executive Summary
- Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
- Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Value Chain Analysis
3.4 Porter’s Five Forces Analysis
- Global Electronic Security Systems Market, By Type
4.1 Introduction
4.2 Access Control
4.3 Intrusion Detection
4.4 Vehicle Security
4.5 Video Surveillance
Continued…
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