Global Security Market:
Growth opportunities in the Global Security Market look promising over the next six years. This is mainly due to the escalating measures by the government to improve security, rising technological advancement, extending the number of illegal activities.
Global Security Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The prominent factors responsible for the stimulation of the global security market include the augmenting of private and public infrastructure, increasing acquisition of IoT devices for protection and supervision, accelerating number of fraudulent activities, terrorism, and unlawful events, along with the mounting expenditure on IT. Also, the security imparts enormous advantages such as distant surveillance, monitoring activities in residential areas, safety against external threats at different localities, maintaining information records, and video inspection, which will further strengthen the security market size. Additionally, the ongoing technological innovations, incorporation of artificial intelligence and machine learning abilities in security systems to provide real-time inspection from remote and dangerous sectors with accuracy, soaring implementation of cloud computing technology & mobile applications, and growing penetration of internet connectivity will further boost the market growth.
However, excessive value of progressive security and surveillance systems, including biometric systems and the smart camera, is likely to hamper the market growth. Moreover, the increasing apprehension towards data theft and cyber-attack will restrain the security market size.
System Segment Drivers
Based on the system, video surveillance systems are expected to expand at a higher CAGR over the forecast period. This is primarily attributed to the growing demand for video management software, IP, spy, and wireless cameras to safeguard residential buildings, educational institutes, commercial spaces, ports, transportation infrastructure, banks, and public places. These systems help in real-time examining theft, movement of objects, and other criminal activities, further supporting market growth.
End-User Segment Drivers
Based on end-users, military and defense are projected to witness a faster CAGR during the forecast period. This is due to the rising occurrence of civil wars, cross-border intrusions, and terrorist attacks globally. Moreover, the intensifying deployment of automatic plug-and-play cameras, multispectral cameras, and built-in image processing cameras will bolster the market growth.
Global Security Market’s leading Manufacturers:
- Axis Communications AB
- ZABAG Security Engineering GmbH
- Johnson Controls International Plc
- Anixter, Inc.
- ADT LLC
- FLIR Systems, Inc.
- Honeywell International, Inc.
- Perimeter Protection Germany GmbH
- Southwest Microwave, Inc.
- Ameristar Perimeter Security
Global Security Market Segmentation:
Segmentation by System
- Access Control Systems
- Alarms & Notification Systems
- Intrusion Detection Systems
- Video Surveillance Systems
- Barrier Systems
- Others
Segmentation by Service
- System Integration and Consulting
- Risk Assessment and Analysis
- Managed Services
- Maintenance and Support
Segmentation by End-User
- Government
- Military and Defence
- Transportation
- Commercial
- Industrial
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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