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Smart Security Market by Product, End-user, and Geography - Forecast and Analysis 2020-2024

  • Published: Oct 2020
  • Pages: 120
  • SKU: IRTNTR45336
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The smart security market has the potential to grow by USD 20.59 billion during 2020-2024, and the market’s growth momentum will accelerate at a CAGR of 16.14%.

This smart 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 market segmentation by product (surveillance systems, intruder alarms, and access control systems), end-user (commercial, residential, utility infrastructure, and others), and geography (North America, Europe, APAC, South America, and MEA). The smart security market report also offers information on several market vendors, including Anixter International Inc., Axis Communications AB, AxxonSoft Inc., Cisco Systems Inc., FLIR Systems Inc., Genetec Inc., Honeywell International Inc., Johnson Controls International Plc, NICE Ltd., and Robert Bosch GmbH among others.

What will the Smart Security Market Size be in 2020?

Smart-Security-Market-Market-Size-2019-2024

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Smart Security Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing number of smart cities worldwide is notably driving the smart security market growth, although factors such as complex infrastructural requirements may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the smart security market get your FREE report sample now.

This smart 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. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Smart Security Market Vendors?

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

 

  • Anixter International Inc.
  • Axis Communications AB
  • AxxonSoft Inc.
  • Cisco Systems Inc.
  • FLIR Systems Inc.
  • Genetec Inc.
  • Honeywell International Inc.
  • Johnson Controls International Plc
  • NICE Ltd.
  • Robert Bosch GmbH

 

The smart security market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

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.

Download a free sample of the smart security market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Smart Security Market?

Smart-Security-Market-Market-Share-by-Region-2019-2024

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42% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for smart security in North America. 

The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Smart Security Market?

Smart-Security-Market-Market-Share-by-Product-2019-2024

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The smart security market share growth by the surveillance systems segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2020-2024 and embrace technologies to improve business efficiency.

Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the smart security market size.

 

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What are the Key Factors Covered in this Smart Security Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive smart security market growth during the next five years
  • Precise estimation of the smart security market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart security market across North America, Europe, APAC, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart security market vendors

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Smart Security Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 16%

Market growth 2020-2024

$ 20.59 billion

Market structure

Fragmented

YoY growth (%)

13.11

Regional analysis

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

Performing market contribution

North America at 42%

Key consumer countries

US, Germany, UK, China, Canada, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Anixter International Inc., Axis Communications AB, AxxonSoft Inc., Cisco Systems Inc., FLIR Systems Inc., Genetec Inc., Honeywell International Inc., Johnson Controls International Plc, NICE Ltd., and Robert Bosch GmbH

Market Dynamics

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

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

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

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Surveillance systems - Market size and forecast 2019-2024
  • Intruder alarms - Market size and forecast 2019-2024
  • Access control systems - Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Commercial - Market size and forecast 2019-2024
  • Residential - Market size and forecast 2019-2024
  • Utility infrastructure - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by End-user

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers - Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption
  • Competitive landscape

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Anixter International Inc.
  • Axis Communications AB
  • AxxonSoft Inc.
  • Cisco Systems Inc.
  • FLIR Systems Inc.
  • Genetec Inc.
  • Honeywell International Inc.
  • Johnson Controls International Plc
  • NICE Ltd.
  • Robert Bosch GmbH

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
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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
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TechnavioREPORT WRITING

Qualitative

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

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Smart Security market growth will increase by $20592.44 million during 2019-2024.
The smart security market is expected to grow at a CAGR of 16.14% during 2019-2024.
Technavio has segmented the smart security market by product (Surveillance systems, Intruder alarms, and Access control systems) ,end user (Commercial, Residential, Utility infrastructure, and Others) , and geographic (North America, Europe, APAC, South America, and MEA).
Anixter International Inc., Axis Communications AB, AxxonSoft Inc., Cisco Systems Inc., FLIR Systems Inc., Genetec Inc., Honeywell International Inc., Johnson Controls International Plc, NICE Ltd., Robert Bosch GmbH are a few of the key vendors in the smart security market.
North America will register the highest growth rate of 42.39% among the other regions. Therefore, the smart security market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Germany
  • UK
  • China
  • Canada
  • Japan
The key factors driving the smart security market growth are:
  • Growing number of smart cities worldwide
The smart 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.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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  • Details on the market shares of various regions
  • Five-force market analysis

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