Global Security Systems Market, By Product (Hardware and Software solutions), By Deployment (Commercial and Industrial), By End – User (Commercial, Retail, Industrial, Banking & Finance, Transportation and Aerospace & Defense) and By Region (North America, Europe, APAC and Rest of the World).
The key players of Security Systems Market report include-
- Cisco systems Inc (US)
- ASSA Abloy (Sweden)
- FLIR systems (US)
- Bosch security systems (Germany)
- ADT Corporation (US)
- Brocade communication systems Inc (US)
- Honeywell International, Inc (US)
- Symantec Corporation (US)
- Fortinet (US)
The Security system market is expected to reach approximately 78.56 USD billion by the end of 2023 with 14.47 % CAGR during the forecasted period from 2017 – 2023.
Market Synopsis of Security Systems Market:
The security systems market is growing at a positive rate including the wireless and electronic security systems. This is majorly due to emerging economies such as China, India and Japan investing more in defense and automation in industries like retail, Banking & Finance and Transportation. However, North America is the leader in the security system market largely due to the factors like early adoption towards industrial automation and highly advanced Aerospace & defense industry.
The market of Security systems can be bifurcated further by Deployment, Product, End – User and Region. On the basis of Deployment, Security system market can be divided into Commercial security and industrial security. Industrial security can again be divided into Large and SME’s. Out of these, Commercial security market holds the larger market share in global terms compared to the industrial security systems. However, the industrial security is higher when compared in terms of wireless security systems. The commercial security is high due to higher penetration of Internet, digitalization of Retail and Banking & Finance industries and technological advancements in the Transportation sector.
Many large organizations having remote connectivity in their worldwide offices are investing much more in wireless and electronic security because of a huge threat of internet based applications and cyber-attacks to prevent the sensitive and confidential data. Apart from the industrial usage of security systems, commercial systems in Banking, retail and Transportation sectors are high users of security systems. This is mainly to secure the data (personal and sensitive customer information) for banking and Finance. Due to the technological advancements, retail industry is moving off the brick and mortar and largely on the internet having to face the threats of data theft, warehouse security and logistics.
Security systems market is a dynamic and very highly growing market in terms of wireless industrial security, electronic security, smart devices (smart cards, smart locks and alarms), connected home security and Asset tracking.
The competitive landscape of Security systems market is formed by various dynamic and diversified and dynamic international organizations having global presence and remotely connected, regional organizations dealing mainly in commercial spaces and as well as new entrants. The key leaders in the market are continuously innovating and investing in the Research and Development and cost effective portfolio. The smart security market has driven many industries like transportation, retail and aerospace & defense to invest more in security systems.
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For the purpose of this study, Market Research Future has segmented the market of Industrial Cyber Security into product, solutions, industries, organization size and region.
- Software solutions
- Commercial security
- Industrial Security
End – User
- Banking & Finance
- Aerospace & Defense
- North America
- Asia pacific
- Rest of the world.
- Device manufacturers
- Network Security providers
- Research firms
- Software investors
- Software Developers
- IT enablers
- Wireless security system service providers
- Security Agencies
- Security Equipment Providers
Complete Report Details @ https://www.marketresearchfuture.com/reports/security-systems-market-4405
Table of Contents
1 MARKET INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.3 MARKET STRUCTURE
7 COMPETITIVE ANALYSIS
7.1 MARKET SHARE ANALYSIS
7.2 COMPANY PROFILES
7.2.1 CISCO SYSTEMS, INC (U.S.)
7.2.2 ASSA ABLOY (SWEDEN)
7.2.3 FLIR SYSTEMS (U.S)
7.2.4 BOSCH SECURITY SYSTEMS (GERMANY)
7.2.5 ADT CORPORATION (U.S)
7.2.6 BROCADE COMMUNICATION SYSTEM, INC (U.S.)
7.2.7 HONEYWELL INTERNATIONAL, INC (U.S.)
7.2.8 SYMANTEC CORPORATION (U.S.)
7.2.9 FORTINET (U.S)
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