Overview of the global physical security market in the retail sector
Market research analysts at Technavio have predicted that the global physical security market in the retail sector will grow steadily at a CAGR of more than 6% by 2020. Retail shrinkage is the loss of a store's inventory and occurs due to several reasons such as employee theft, shoplifting, supply chain theft, and administrative errors. The recent years have witnessed a considerable increase in the level of retail shrinkage, and shoplifting has been identified as the biggest cause of retail shrinkage in most countries. This will induce retailers to adopt various strategies to approach losses from a wider perspective from all levels within the organization. Since physical security solutions such as EAS, intruder alarms, and surveillance systems help control the inflow and outflow of products and enable reduced retail shrinkage, there will be an increase in the demand for physical security systems in the coming years.
This market research identifies the emergence of thermal cameras as one of the major trends gaining traction in the market in the coming years. Thermal cameras use infrared radiation to capture images and are heat and water-resistant, which makes them ideal for monitoring large-scale or unique outdoor environments. Moreover, increased government grants for the purchase of efficient surveillance equipment will also increase the demand for thermal cameras as they are an excellent addition to complete physical security systems.
Competitive landscape and key vendors
This market is characterized by the presence of several large- and small-scale vendors who compete with each other to gain a
Overview of the global electronic security market
Market research analysts at Technavio have predicted that the global electronic security market will grow steadily during the predicted period and will post a CAGR of more than 14% by 2020. 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 provide for the demand for advanced electronic security solutions throughout the forecast period.
In terms of geographical regions, the Americas is estimated to dominate the market over the next four years. 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 and will also lead to the adoption of advanced inventory control tactics. This market research analysis estimates that this market in the Americas will post an impressive revenue of
Overview of the global search and content analytics market
According to the market analyst at Technavio, the global search and content analytics market will grow progressively and post a CAGR of around 22% by 2020. The content and search analytics market provides insights for several industries, which, in turn, helps vendors to thrive in such industries. The integration of content analytics applications with IT systems within an organization will help to facilitate communications within the firm in real-time and will also help in recollecting previous interactions, which will help firms to assist in drawing conclusions independently while processing large quantities of data from diverse sources. Additionally, content analytics systems provide a full-circle view of the data from all business processes and enable efficient operations by providing better forecasting and decision-making solutions. These systems deliver detailed information about customers’ preferences and behaviors, uncover patterns, insights, and relationships from varied sources of information, and ensure timely analysis of complex data used in predicting customers’ behavior and managing risks.
In the recent times, it has been observed that there is a growing demand for predictive analytics across major industries. Predictive analytics uses various techniques such as data mining, modeling, machine learning, and game theory to provide an estimation of future outcomes and analysis of customer buying patterns and behavior. Additionally, the vendors will also invest in the development of accurate and efficient solutions, which in turn will improve the overall efficiency of the production process while reducing costs. The adoption of these systems in organizations will help them to deliver better services, optimize costs, and boost revenues.
Competitive landscape and key vendors
Overview of the industrial control systems security software market in North America
Market research analysts at Technavio have predicted that the industrial control systems (ICS) security software market in North America will grow steadily during the forecast period and will post a CAGR of more than 5% by 2020. Authentication systems are used to gain access to a particular system and are used different access control mechanisms. However, the implementation of authentication systems like stand-alone applications was difficult as these applications required multiple passwords and also faced security issues as they were open to the public. Moreover, the introduction of devices such as personal digital assistants (PDA), wireless computers, and smartphones has significantly weakened password authentication and led to the development of multifactor authentication that uses two or more different authentication methods to authorize access. Since these solutions use biometrics, PINs, and phone-based authentication solutions, multifactor authentication systems are considered to be one of the most secure authentication systems and the coming years will witness a rapid shift toward their adoption.
The emergence of deception technology will be one of the major trends that will gain traction in the market in the next four years. Deception technology enhances network and data protection of an organization and also prevents black-hole malware botnets, threat actors, and suspicious connections. As a result, it will soon find significance in enterprise threat defense. Due to its efficiency, few federal investigating organizations have already started using deception
Overview of the global mobile DPI market
Market research analysts at Technavio have predicted that the global mobile deep packet inspection (DPI) market will grow impressively during the predicted period and will post a CAGR of almost 22% by 2020. This market research analysis identifies the increasing need for IP fraud detection as one of the primary growth factors for this market. Network data and IP services have become the main targets of cyber-attacks. Though data transactions and network traffic are constantly being monitored, they do not analyze the traffic volume that includes details such as the identity of the user and the frequency of data being uploaded. DPI examines the content of data traffic and assists network operators in network planning and service assurance by easily identifying fraud though the user's identity is masked at the originating point.
In terms of geography, APAC will dominate the global market throughout the predicted period and will account for more than 47% of the total market shares by 2020. Much of this can be attributed to the increase in e-commerce, online gaming, social networking activities, and the adoption of video-enabled communications. Aimed at monitoring internet access and online activity of internet users, the government of China recently introduced several internet regulations that mandate the implementation DPI solutions by ISPs and government and private organizations. The rapid increase in incidences of cyber-crimes and the growth in mobile computing will also fuel the demand for DPI from this region.
Competitive landscape and key vendors
Due to the presence of a
Global outlook of the deception technology market
Technavio’s market research analysts have predicted that the global deception technology market will grow steadily during the forecast period and will post an impressive revenue of more than USD 1 billion by 2020. This industry research report identifies the increasing adoption of the BYOD (bring your own device) policy among enterprises to be one of the major factors that will have a positive impact on the growth of this market in the coming years. The implementation of the BYOD policy among enterprises allows employees to use their personal devices such as laptops, smartphones, tablets, and desktops for professional purposes and facilitates them to work from remote locations and at any time. It also increases employee productivity, reduces the operational costs of companies, and also allows easy geographical expansion, which will compel several SMEs across the globe to adopt the BYOD policy in the coming years. Since most employees use wireless networks to access confidential data from remote locations, it increases the chances of cyber-attacks over mobile devices and will subsequently augment the demand for IT security solutions such as deception technology.
The deployment models for deception technology solutions are mainly on-premises and cloud-based models. The on-premises deployment model requires high investments by the organization, whereas the cloud-based deployment model is cost-effective but records instances of loss of confidential data. This will lead to the adoption and deployment of hybrid models that ensure on-premises data protection without the need for skilled
With the volume of sensitive data being generated each day increasing exponentially, it is necessary to have safeguards in place to protect information from unauthorized access. In this respect, there are numerous cyber security tools available on the market that are designed to protect information; anti-virus software is one example.