In the 21st Century modern techniques are used by the criminals and the wrongdoings like theft, murder and extortion have increased in recent times. Increasing criminal activity the Security Solution Market made a way good impression in consumers mind. It is designed with commendable security system validated by wireless technology which can boost up the market growth process.
Security solutions market delivers a wide range of security product like Keypad locks, Biometric locks, Magnetic Strip lock, Electric Strip Lock, Electromechanical Door Locks and Wireless Locks system which is beneficial in the near future. Global market will boom in the field of security solution market.
Market Size & Forecast
Global Security Solution market is predicted to reach USD 574.411 Billion by 2027 at the CAGR 10.16%. The Base year is considered here is 2017 security solution market report, and the forecast period is between 2018-2027. The market of security solution system is projected to reach a notable valuation by the end of forecast period. The growth of the security solution market is driven by factor such as the necessity to safeguard individual as well as property from rapidly evolving threats, increasing consumer awareness regarding security concerns, willingness to pay for the advanced system, increasing adoption of a variety of new product, growing demand for wireless technology in the security systems.
Market Segmentation
Our-in depth analysis of the global security solution market includes the following segments:
By Components
- Components
- Video Surveillance
- Access Control
- Entrance Control
- Keypad Control
- Fire Protection
- Wireless System
- Thermal Cameras
- Services
- Remote Monitoring services
- Security System Integration
- Fire Protection Service
- Access Control Service
- End-User
- Industry
- Healthcare
- School/colleges
- Shops
- Transportation
- Bank and finance
- Government
- Residential
- By Sales Channel
- OEM
- Aftermarket
By Region
Global security solution market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
- Middle East and Africa (GCC, North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Growth Drivers & Challenges
Mounting sale of advanced security solution market across the globe is the major factor driving the growth of end use industry products. Factors such as, Video Surveillance decreases the risk of theft and rising preference for all industry segments that are escalating the sales of security solution across all regions. Factors such as growing risk of fire Protection alarm in any company and this rise in sales of fire protection surveillance are expected to foster the growth in corporates.
Factors such as, rising fraud issues and expanding demand for keypad locks, biometric locks, magnetic strip lock, electric strip lock, electromechanical door locks and wireless locks with high efficiency are likely to escalate the growth of global Security Solution Market in upcoming years. Rapid enhancements in urban cites, infrastructure and changing life style of consumer are the key factors which are augmenting the production of new safety gadgets. This factor is expected to bolster the growth of market over the forecast period.
Today, security plays a vital role in every aspect of industries and in making a huge difference in the common people’s life. Due to this the demand for security gadgets are way more in recent times. Further, global security industry is booming on the account of urbanization and increasing disposable income. This massive growth of security industry is widening the demand for security gadgets.
However, high cost associated with replacement of security systems is a restraining factor for the growth of advance security system market in near future.
Key Players
- IBM (International Business Machines)
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Cisco
- CA Technologies (US)
- Expert System (Italy)
- Fortient (US)
- Trend Micro (Japan)
- Forcepoint
- Intel Security
- RSA
- Blue Coat System
Scope & Context
Overview of the Parent Market
Analyst View
Segmentation
The global security solution market is segmented as follows:
- By Component Market Size & Y-O-Y Growth Analysis
- By Sales Channel Market Size & Y-O-Y Growth Analysis
- By Region Market Size & Y-O-Y Growth Analysis
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
