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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 more than USD 31 billion by the end of the predicted period.
Due to the presence of a number of global firms and several smaller regional and local companies, the competitive environment in this market appears to be intense. Security system manufacturers usually compete on the basis of specialized product capacity, price, breadth of product line, support, and delivery and are constantly focusing on innovating and developing new security offerings. To enhance their effectiveness, introduce new products, and to expand the applications of security solutions, the leading vendors in the market are investing in their R&D sectors. The regional vendors who offer low-cost security solutions provide stiff competition to the well-established players.
The leading vendors in the market are -
The other prominent vendors in the market are ADT, A2 Systems, ALL-TAG Security Americas, Anixter, Assa Abloy, AxxonSoft, Delphi, DvTel, Gallagher, Genetec, Hikvision Digital, Intergraph, Ketec, Lenel Systems, MOBOTIX, Moonblink, Nedap, NetVersant, NortekSecurity, Panasonic, S2 Security, Salient Systems, Samsung Techwin, Schneider Electric, Security Station, Siemens, VideoNEXT, and Watchdog Security.
Video surveillance systems help in improving the customer’s business by providing effective solutions for loss prevention, merchandising, and other store operations and are the most commonly preferred security solution all across the globe. The introduction of innovative surveillance systems such as video solutions that offer HDTV image quality in recordings and real-time and can also combine video surveillance with intelligent video functions, and analytic tools will augment the growth of this market segment. This market study estimates that this segment will post an impressive revenue of almost USD 25 billion by the end of the forecast period.
This market study estimates that due to the installation of security solutions to monitor organizational premises and prevent unauthorized access, the commercial sector will dominate the market throughout the predicted period and will post an impressive revenue of more than USD 45 billion by 2020. The BFSI and healthcare industries will be the major contributors to the market in this segment.
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PART 01:Executive summary
PART 02:Scope of the report
PART 03:Market research methodology
PART 04:Introduction
PART 05:Market overview
PART 06:Market size and forecast
PART 07:Market segmentation by type
PART 08:Market segmentation by end-users
PART 09:Geographical segmentation
PART 10:Buying criteria
PART 11:Market drivers
PART 12:Impact of drivers
PART 13:Market challenges
PART 14:Impact of drivers and challenges
PART 15:Market trends
PART 16:Five forces analysis
PART 17:Vendor landscape
PART 18:Key vendor profiles
PART 19:Appendix
PART 20:Explore Technavio
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