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Commercial Security Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR71926
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The commercial security market share is expected to increase by USD 113.47 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.64%.

This commercial security market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers commercial security market segmentation by type (surveillance systems, access control system, intruder alarms, and software) and geography (North America, APAC, Europe, MEA, and South America). The commercial security market report also offers information on several market vendors, including ADT Inc., Axis Communications AB, Carrier Global Corp., Dallmeier electronic GmbH and Co.KG, dormakaba International Holding AG, Hangzhou Hikvision Digital Technology Co. Ltd., Honeywell International Inc., Johnson Controls International Plc, Robert Bosch GmbH, and Zhejiang Dahua Technology Co. Ltd. among others.

What will the Commercial Security Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Commercial Security Market Size for the Forecast Period and Other Important Statistics

 

Commercial Security Market: Key Drivers and Challenges

The expanding adoption of IP cameras is notably driving the commercial security market growth, although factors such as high costs related to business security may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the commercial security industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Commercial Security Market Driver

The expanding adoption of IP (Internet Protocol) cameras is one of the key factors driving the global commercial security market growth. An IP camera transmits signals to a central server over the Internet or a network link. The growth will be attributed to high-resolution IP cameras and their high-quality pictures that help in maintaining commercial security. The two-way communication and personalized notifications in case of any questionable conduct will stimulate the installation of IP cameras in commercial places. Such factors are expected to fuel the demand for commercial security and accelerate the growth of the market in focus during the forecast period.

Key Commercial Security Market Challenge

Customers are becoming more aware of the benefits of access control systems in commercial security. However, high cost related to business security is expected to impede the global commercial security market growth during the forecast period. The rising prices of hardware and cost of maintenance and consultation related to the use of these systems will stifle the adoption of access control systems. The soaring prices of additional components such as electronic locks, motion sensors, door readers, and door controllers is also one of the key challenges to the vendors. In addition, other factors such as the per month software licensing or maintenance fee will also negatively impact the growth of the market in focus.

This commercial security market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Commercial Security Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ADT Inc.
  • Axis Communications AB
  • Carrier Global Corp.
  • Dallmeier electronic GmbH and Co.KG
  • dormakaba International Holding AG
  • Hangzhou Hikvision Digital Technology Co. Ltd.
  • Honeywell International Inc.
  • Johnson Controls International Plc
  • Robert Bosch GmbH
  • Zhejiang Dahua Technology Co. Ltd.

 

This statistical study of the commercial security market encompasses successful business strategies deployed by the key vendors. The commercial security market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The commercial security market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Commercial Security Market?

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36% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for commercial security in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The availability of cutting-edge technology and the introduction of low-cost equipment will facilitate the commercial security market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Commercial Security Market?

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The commercial security market share growth by the surveillance systems segment will be significant during the forecast period. This segment will have the largest market share due to the expected increase in the demand for closed-circuit television (CCTV) cameras. The vendors will launch new high-tech products to stay ahead in the market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial security market size and actionable market insights on post COVID-19 impact on each segment.

 

Commercial Security Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 8.64%

Market growth 2022-2026

$ 113.47 billion

Market structure

Fragmented

YoY growth (%)

7.28

Regional analysis

North America, APAC, Europe, MEA, and South America

Performing market contribution

APAC at 36%

Key consumer countries

US, China, Germany, India, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ADT Inc., Axis Communications AB, Carrier Global Corp., Dallmeier electronic GmbH and Co.KG, dormakaba International Holding AG, Hangzhou Hikvision Digital Technology Co. Ltd., Honeywell International Inc., Johnson Controls International Plc, Robert Bosch GmbH, and Zhejiang Dahua Technology Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Commercial Security Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive commercial security market growth during the next five years
  • Precise estimation of the commercial security market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the commercial security industry across North America, APAC, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of commercial security market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Surveillance systems - Market size and forecast 2021-2026
    • Access control system - Market size and forecast 2021-2026
    • Intruder alarms - Market size and forecast 2021-2026
    • Software - Market size and forecast 2021-2026
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2021-2026
      • APAC - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • ADT Inc.
      • Axis Communications AB
      • Carrier Global Corp.
      • Dallmeier electronic GmbH and Co.KG
      • dormakaba International Holding AG
      • Hangzhou Hikvision Digital Technology Co. Ltd.
      • Honeywell International Inc.
      • Johnson Controls International Plc
      • Robert Bosch GmbH
      • Zhejiang Dahua Technology Co. Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The commercial security market growth will increase by $113.47 billion during 2021-2026.
      The commercial security market is expected to grow at a CAGR of 8.64% during 2021-2026.
      Technavio has segmented the commercial security market by type (Surveillance systems, Access control system, Intruder alarms, and Software) and geographic (North America, APAC, Europe, MEA, and South America).
      ADT Inc., Axis Communications AB, Carrier Global Corp., Dallmeier electronic GmbH and Co.KG, dormakaba International Holding AG, Hangzhou Hikvision Digital Technology Co. Ltd., Honeywell International Inc., Johnson Controls International Plc, Robert Bosch GmbH, Zhejiang Dahua Technology Co. Ltd. are a few of the key vendors in the commercial security market.
      APAC will register the highest growth rate of 35.69% among the other regions. Therefore, the commercial security market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the commercial security market growth are:
      • Expanding adoption of IP cameras
      The commercial security market vendors should focus on grabbing business opportunities from the surveillance systems segment as it accounted for the largest market share in the base year.
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