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Security Solutions Market by Type [Products (Fire Protection, Video Surveillance, Access Control) and Services (System Integration, Remote Monitoring, Fire Protection, VSaaS, ACaaS)], End-use Industry, and Geography - Global Forecast to 2022

Security Solutions Market: Global Forecast until 2022

  • March 2017
  • 222 pages
  • ID: 4814922
In this report:
The video surveillance system market for the software segment is expected to be worth USD ##.## billion by 2022, growing at a higher CAGR of ##.##% during the forecast period, mainly because of increased adoption rate of the advanced technologies in video surveillance systems, such as cloud, big data analytics, IoT, and computing techniques, is likely to boost the software market.

Summary

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The global security solutions market was estimated at ~$206.7B in 2016 and is projected to extend ~$372.9B by 2022, at a compound annual growth rate of ~10.2 percent from 2017. The main factors driving the rise of the security solutions market contain the necessity to safeguard individuals as well as assets from quickly evolving threats, growing consumer awareness & security concerns, willingness to pay for security systems, increasing demand for the use of wireless technology in security systems, and adoption of IoT-based security systems. On the other hand lack of technical knowledge required to use security solutions and high cost of initial investment and maintenance are the restraining factors for the industry.

"The sector for fire protection systems is forecasted to hold the biggest industry size during the estimate period"

The fire protection systems segment leads the industry and is anticipated to witness the more considerable increase rate during the outlook period. Some of the main security systems considered under the fire protection systems are fire alarms, sprinklers, and extinguishers. As fire protection systems are widely used in residential and industrial verticals, the rising use of fire protection systems in residential and industrial verticals is predicted to push the security solutions market during the estimate period.

"The sector for residential end use is anticipated to rise at the highest level rate during projection period"

Security is a main concern in residential complexes as well as commercial areas and public places. Such concerns are growing the industry demand for security solutions including biometrics-based electronic locks and sensor-based intruder alarm systems. Also, residential premises are being equipped with technology platforms to help their occupants remotely access electronic devices at home through mobile devices including smartphones, tablets, and laptops.

"Security solutions market in APAC is anticipated to grow at the maximal rate during the outlook period"

Asia-Pac is anticipated to be the quickest developing market as it has witnessed economic development in terms of infrastructure (airports, railways, and highways) and robust increase in financial and banking services which would serve as possibilities for the security solutions market.

In the process of finding out and checking the market size of different segments and sub-segments collected by secondary research, extensive primary audit sessions have been managed with top industry executives.

The breakup of the profile of primary members taking part has been provided below:

- By Company Type: Tier 1 - 45.0 percent, Tier 2 - 33.0 percent, and 1/3 3 - 22.0 percent

- By Designation: C-suite executives - 42.0 percent, Directors - 33.0 percent, and Others - 25.0 percent

- By area: North Americas - 35.0 percent, Europe - 29.0 percent, APAC - 24.0 percent, and rest of the world - 12.0 percent

The report profiles the main actors in the security solutions market with their respective ranking study. The main players decribed in this industry report are Honeywell (NYSE:HON), Tyco International Ltd, ADT Corporation, Hikvision Digital Technology Co.Lt, and SECOM Co., Limited, among many others.

Segment Research

- In terms of market by category, products including fire protection, video surveillance, access control, biometric readers, electronic locks, multi-technology readers, software, and services are covered.

- In terms of market by end-use sector, segments including commercial, residential, government, transportation, retail, banking and finance, education, industrial, energy and utility, sports and leisure, and healthcare are covered.

- The geographic review is carried out with regards to main four regions namely the Americas, Europe (EU), Asia Pacific (APAC), and Rest of the globe (South America region and the Middle East (ME) & African continent).

Reasons to Buy This Report:

From an insight prospect, this market research has emphasized several levels of analysis - industry ; market ranking review of top actors; value chain study; company descriptions which discuss the basic overviews on the competitive landscape; coming out and high-growth segments of the security solutions market; high-growth areas; and market dynamics including drivers, market restraints, opportunities, and alternatives.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on security solutions provided by key players in the global security solutions market.

- Product improvement/innovative products: Detailed insights regarding R&D activities, emerging technologies, and new product slaunches in the security solutions market.

- Industry development: Highlighted information about lucrative emerging markets-the report examines the industries for security solutions across localities.

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the global security solutions market.

- Opposing assessment: In-depth assessment of market ranking review, strategies, products, and manufacturing competences of key players in the security solutions market.

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