Global Electronic Security Market 2016-2020

Get the latest research report on the Global Electronic Security Market 2018-2022

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 more than USD 31 billion by the end of the predicted period.

Competitive landscape and key vendors

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 -

• Axis Communications
• Bosch Security Systems
• Checkpoint Systems
• Honeywell Security
• Tyco Security

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.

Segmentation by type and analysis of the electronic security market

• Access control
• Intrusion detection
• Vehicle security
• Video surveillance

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.

Segmentation by end-users and analysis of the electronic security market

• Commercial
• Government

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.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global electronic security market?
• What are the key market trends impacting the growth of the global electronic security market?
• What are the challenges to market growth?
• Who are the key vendors in the global electronic security market?
• What are the market opportunities and threats faced by the vendors in the global electronic security market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global electronic security market?

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