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Technavio’s market research analyst predicts the global security appliance market to grow impressively at a CAGR of more than 11% during the forecast period. The increasing domestic and international security threats is a primary driver of the growth of the security appliance market size. Since 2010, there’s been a significant rise in criminal activities and data theft worldwide. The loss of data from organizations can be detrimental as they contain confidential information. Therefore, surveillance devices are used to track the individuals involved in such criminal activities. This market is expected to witness an augmented adoption of monitoring and surveillance devices to prevent the unauthorized access to information and property,
Technavio anticipates the increasing adoption of IP-based video surveillance solutions to aid market growth in the coming years. IP surveillance systems include video recorders, cameras, and storage devices. Moreover, private and public financial institutions have started using HD cameras, as they have high-quality imaging and provide up to 180 days’ worth of video storage. With various institutions adopting IP cameras for surveillance, this market’s growth has a positive outlook until the end of 2020.
The large enterprises segment accounted for more than 43% of the market share during 2015 and is expected to retain its market leadership until the end of 2020. An important factor contributing to the growth of this market segment is the rising concern for physical and network security in organizations around the world. Technological advancements and recent changes in corporate culture have led to employees using their devices such as iPhones, Android phones, and tablets for professional work. This has raised the need to secure corporate data and valuable business information from getting leaked and misused. Moreover, the increasing use of mobile banking among end-users has also increased the need for network security appliances. Additionally, the rising number of criminal activities in organizations will lead to an augmented demand for physical security devices in the forecast period.
During 2015, the Americas dominated the market, accounting for more than 42% of the market share. As the dependency on the Internet and wireless technologies is very high in this region, the governments of countries like Brazil, Peru, Chile, and Columbia are making substantial investments on network security appliances to prevent data theft in organizations. Moreover, with the adoption of BYOD (bring your device) policy in organizations, the need for network security appliances has increased. The US is the largest market in North America, but many organizations in South America are also adopting physical security appliances. Such developments will drive the market in this region during the forecast period.
The global security appliance market is highly fragmented owing to the presence of many multinational and regional vendors. Security appliance companies often acquire small vendors to increase their product portfolio and increase their market presence. The competition in the market will increase due to solution extensions, technological innovations, and mergers and acquisitions.
The key vendors in the security appliance market are -
Other prominent vendors in the security appliance market include ALL-TAG, Arecont Vision, Assa Abloy, Avigilon, Axis Communications, Check Point Software Technologies, Checkpoint Systems, Future Fibre Technology, Genetec, Gunnebo, H3C Technologies, Hewlett-Packard Enterprise, Hikvision Digital, Kaba Holding, Ketec, Magal Security Systems, March Networks, MOBOTIX, NAPCO Security Systems, Nedap, Panasonic, Qognify, Safran, Samsung Techwin, Siemens, Skybox Security, Sophos, and videoNEX.
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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 description
PART 06: Market landscape
PART 07: Life cycle analysis
PART 08: Market segmentation by technology
PART 09: Market segmentation by end-users
PART 10: Geographical segmentation
PART 11: Market attractiveness
PART 12: Buying criteria
PART 13: Market drivers
PART 14: Impact of drivers
PART 15: Market challenges
PART 16: Impact of drivers and challenges
PART 17: Market trends
PART 18: Five forces model
PART 19: Vendor landscape
PART 20: Appendix
PART 21: Explore Technavio
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