This report analyzes the global commercial security market by product (smart locks, security cameras, sensors), by type (intruder alarms, software, access control, surveillance systems), by end-users (retail, healthcare, banking); it also studies the top manufacturers in the market.
The global commercial security market is projected to reach USD 187 billion by the end of 2023, at a CAGR of 10% during the forecast period 2017 – 2023.
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Major Key Players
• Honeywell International, Inc. (U.S.)
• Tyco International Ltd (U.S.)
• Bosch Security Systems (Germany)
• ASSA ABLOY AB (Sweden)
• Allegion (U.S.)
• Control4 (U.S.)
• UTC Fire & Security (U.S.)
• Godrej & Boyce Manufacturing Company Limited (India)
• Nortek Security and Control (U.S.)
• ADT Security Services (U.S.)
• United Technologies Corporation (U.S.)
The report covering the global Commercial Securitymarket is a detailed study on the whole market looking into all the major aspects such as market size and status. The market size has been studied in terms of the value and volume for which the report also gives a forecast. The assessment period for the report is given as 2020-2026 during which the popular market trends and consumption patterns have been studied. The market overview provided in this report gives a definition of the market and product while presenting the scope and other opportunities.
Market Drivers and Risks
The market growth rides on several factors, such as technological development with regards to production and product processing. The major factors that affect the growth of the Commercial Securitymarket have been listed in this report and the report covers the demographic as well as socio-economic factors. With the major market drivers covered in the report, the market analysis gives a forecast also taking into consideration the major risks faced by the market. The industry-specific challenges have been listed to help in the mitigation strategies and planning for all companies operating in this field.
The consumer market has been divided into groups based on some key parameters and shared characteristics. The major segmentation done on the Commercial Securitymarket covers the product type segments and the major application segments. The product type segments are mainly divided on the basis of the product specifications and build while the application segments are listed according to the different end-user industries or consumer segments. The market structure based on these submarkets and subsegments has been analysed with key information on each of them. The regional segments have also been studied in detail.
The research methodologies adopted by the market research team include a wide range of market models and economic parameters that have been covered in an in-depth manner. The market competitive status along with the parameters such as feasibility and profitability have been studied using Porter’s Five Forces model. The threats faced in the market by companies and products as well as consumers from factors such as new product substitutes and market entrants and the bargaining power held by suppliers and consumers have been covered under this section of the report. Regarding the companies, many analytical tools have been used in order to provide a competitive benchmarking.
Table of Contents – Major Key Points
1 Market Introduction
2 Research Methodology
3 Market Dynamics
4 Executive Summary
5. Market Factor Analysis
6 Commercial Security Market, By Segments
7 Competitive Analysis
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