Global Security as a Service Market 2016-2020

This market research report analyzes the key players in the security as a service market such as Axis Communications, Bosch Security Systems, Cisco Systems, Honeywell Security, and Panasonic. The report also presents a competitive analysis of the market by end-user (commercial, government, residential, and others) and by geography (the Americas, APAC, and EMEA).

Global outlook for the security as a service market

Technavio’s market research analysts have predicted that the global security as a service market will grow steadily during the predicted period and will post an impressive revenue of almost USD 1.5 billion by 2020. The rise in the number of criminal activities in commercial buildings such as retail stores, office buildings, and warehouses will be one of the major factors that will have a positive impact on the growth of the security as a service market in the coming years. The increasing retail shrinkage will induce more retailers to adopt effective strategies such as the installation of advanced surveillance systems to enhance their security solutions. Additionally, the increase in ATM thefts will also lead to the rise in demand for security systems from the BFSI sector, which will also drive the market’s growth during the predicted period.

The increasing adoption of video surveillance systems demands the use of high-resolution cameras that are cost-consuming. This will lead to the adoption of edge-based video surveillance systems that eliminate the need for a central recording system since the video footage can be saved either on the network or flash devices. Moreover, the system does not require any server maintenance, discards storage complexities, and excludes the need for any complex hardware or software resulting in very less maintenance expenditures as well.

Competitive landscape and key vendors

The market is characterized by the presence of several vendors who offer best products enabling the end users to choose from various security solutions. Vendors are constantly focusing on improving their product and service offerings by forming strategic alliances with system integrators. The vendor competition in the market is intense. Technological advances will lead to the introduction of new products, which will further intensify the competition among vendors.

The leading vendors in the market are -

• Axis Communications
• Bosch Security Systems
• Cisco Systems
• Honeywell Security
• Panasonic

The other prominent vendors in the market are ADT, A2 Systems, ALL-TAG Security Americas, Anixter, Assa Abloy, Advanced Technology Video, AxxonSoft, DvTel, iDefigo, Gallagher, Genetec, Hikvision Digital, Intergraph, Ketec, Lenel Systems, MOBOTIX, Moonblink, Nedap, NetVersant, NortekSecuritym, S2 Security, Salient Systems, Samsung Techwin, Schneider Electric, Security Station, Siemens, VideoNEXT, and Watchdog Security.

Segmentation by end-user and analysis of the security as a service market

• Commercial
• Government
• Residential

The commercial segment accounted for about 56% of the total shares of the market and dominated the industry during 2015. Retail firms are the major contributors to this market segment since they employ a number of security technologies such as electronic article surveillance systems, radio frequency identification systems, and video surveillance systems. Since this demands the need for separate space for data storage and additional security for ensuring that this data is not tampered with, this segment will have a continuous demand for security services in the coming years as well. Additionally, financial institutions also use security systems such as in banks and ATM centers, and this will also add to the growth of the market in this segment.

Geographical segmentation and analysis of the security as a service market

• Americas
• APAC
• EMEA

Due to the high adoption of cloud video surveillance solutions, the recent years witnessed the increased adoption of the security systems in the Americas. The US has always been a major adopter of new security technologies and will be the major contributor to the market.  The increasing need for real-time identification of threats and transmitting information to law enforcement officials will drive the adoption of advanced security systems in this region. Analysts estimate that the Americas will account for more than 64% of the total revenue shares of the market by 2020 and will also dominate the market throughout the forecast period.

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 security as a service market?
• What are the key market trends impacting the growth of the global security as a service market?
• What are the challenges to market growth?
• Who are the key vendors in the global security as a service market?
• What are the market opportunities and threats faced by the vendors in the global security as a service 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 security as a service market?

Technavio also offers customization on reports based on specific client requirement.

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