Consumer & Luxury Goods Market Research News

New report shares details about the Global electronic security market projected to register CAGR 13.7% during the forecast period 2017–2024

New report shares details about the Global electronic security market projected to register CAGR 13.7% during the forecast period 2017–2024

Global electronic security market is expected to expand at a CAGR of 13.7% during the forecast period i.e. 2017-2024.

- Advertisement -
- Market Research Pro -

Electronic security consists of all the systems that use electronic devices and embedded technology to enhance safety measures and protect human life and physical assets. The electronic security systems could perform security operations like surveillance, access control, alarming or an intrusion control to a facility or an area.

Such systems comprises of alarms, access controls and CCTVs (closed circuit televisions), which are prominently and broadly utilized. 

Market Size and Forecast

This is due to the rising incidences of robbery, theft, shoplifting, and violent attacks across the globe.

- Advertisement -
- Market Research Pro -
 The increasing in the frequency of the security breaches and attacks has led the government and large enterprises to adopt electronic security products that aim to eliminate events such as anti-social activities. 

Further, due to the emergence of several city campaigns and initiatives across the globe, electronic security has become a critical part of city’s core mandate as it has the ability to provide faster, real-time data for better safety and security standards. The rising population and migration of people from rural to urban areas is attracting investments toward the development of smart cities.

Market Segmentation

Our in-depth analysis of the global electronic security market includes the following segments:

By Product Type

Video Surveillance Systems

Intrusion Alarm systems

Fire Alarm systems

Access control systems

IP and Analog CCTV

Electronic Article Surveillance and Detection Systems

Electrified Door Hardware

Hybrid Video Recorder

Network Video Recorder

By End Users

Airports

Railways

Energy and Utilities

Hotels

Banking

Retail

Government

Education

By Application

Residential

Commercial

Global Electronic Security Market is further classified on the basis of region as follows:

By Region

North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis

Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis

Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis

Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis

Middle East and Africa (GCC, North Africa, South Africa and Rest of MEA) Market size, Y-O-Y growth & Opportunity Analysis

Growth Drivers and Challenges

The increasing adoption of electronic security systems by government agencies, commercial establishments and manufacturing industries is the major factor that will boost the growth of the electronic security market. The rise in malpractices, robbery, terrorist attack, illegal activities.

has increased the need for security systems in private and public places, which is expected to boost the growth of global electronic security market.

For Sample Pages please go through link below: www.researchnester.com/sample-request/2/rep-id-344

Further, the number of online or internet crimes is also rising resulting in the need for internet monitoring systems, IP based surveillance and access systems. Various government organizations have surged their spending on security systems.

Wide varieties of electronic security systems are available as per the requirement in different prices ranges, which is anticipated to drive the global electronic security market. Moreover, the construction of smart cities will expand the market to the global level.

Smart cities provide efficient transportation facilities, traffic management systems, smart grids, better healthcare facilities, and also adopt advanced technologies in the construction process. The constantly increasing urban population is attracting investments towards the development of smart cities, which will demand the adoption of electronic security systems due to their ability to provide faster, real-time data for better safety and security.

Increasing investments towards the development of smart cities across the world especially in countries such as China, India, Saudi Arabia, and Qatar will create demand for advanced electronic security solutions throughout the forecast period. Furthermore, the decline in the prices of security products is expected to increase the demand for security products over the forecast period.

The prices of security solutions, such as IP cameras have dropped and with a new array of technologies, there is no need of an internal server to store the camera data, as it will be stored in the cloud. This will make it easier and cost-effective to install security solutions.

The several companies are cutting down on the number of such security guards and switching to security services, in which a third party is alerted whenever there is any suspicious activity. This, in turn, cuts down on costs and false alarms.

Thus, the reduction in the prices of security system solutions will propel the market over the forecast period. The increasing adoption of security systems by the commercial sector including retail stores, office buildings, hotels, restaurants, and warehouses is expected to fuel the growth of the market over the few years.

This is due to the rise in the criminal activities, especially in retail shops.

Get Full Table Of Content Electronic Security Market: http://www.researchnester.com/toc-request/1/rep-id-344

Security solutions such as Electronic Article Surveillance (EAS), intruder alarms, and surveillance systems in the retail sector helps controlling the inflow and outflow of products, leading to reduced retail shrinkage. However, the lack of awareness among the consumers regarding the availability of the different security products in the market and benefits offered by them act as a restraint towards the market growth.

North America held the largest revenue share in the electronic security market and is expected to maintain its dominance over the forecast period, followed by Europe and Asia Pacific. The constantly rising number of retail stores and facilities in the US due to the entry of several international retailers and the awareness to combat retail shrinkage will increase the installation of electronic security devices such as video surveillance systems and alarms, which in turn is expected to boost the market of the electronic security systems in the North America region.  

The growth of the electronic security market in Europe will be driven by significant upgrading and integration of highly advanced security systems by commercial and residential buildings and rising government and enterprise focus on safeguarding human life, physical and digital assets and infrastructure. Asia Pacific electronic security market is expected to expand at a significant CAGR during the forecast period.

Growing prominence of Asian countries as a manufacturing hub for electronic security systems, robust construction activity driven by rise in the GDP, rising disposable incomes of an expanding base of middle class population, and growing number of civil infrastructure projects are the key growth drivers in the region.

Key Players

Bosch

Company Overview

Key Product Offerings

Business Strategy

SWOT Analysis

Financials

Honeywell International, Inc.

A2 Systems

All-tag

Anixter

Axxon

HIK Vision Digital

Nortek

Hanwa Techwin

ASSA ABLOY

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The Global Electronic Security Market is segmented as follows:

By Product Type Market Size & Y-O-Y Growth Analysis

By End Users Market Size & Y-O-Y Growth Analysis

By Application Market Size & Y-O-Y Growth Analysis

By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 To know more about this research, kindly visit: www.researchnester.com/reports/ele…-outlook-2024/344

News From

Research Nester Pvt Ltd - Market Research Consulting and Industry ReportsResearch Nester Pvt Ltd
Category: Market Research Publishers and RetailersCompany profile: Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wis ...