The global security
market is anticipated to reach USD 167.12 billion by 2025,
according to a new report by Grand View Research, Inc. The adoption of security
systems is increasing as these systems offer high quality surveillance with
optimized distortion. The illegal activities across the globe and stringent
government regulations has led to a surge in the adoption of security systems.
Increasing competition in the market, owing to the
introduction of advanced technologies, is driving the need for automation in
organizations at various levels. In addition, the growing number of
infrastructures across the globe has resulted in the increased demand for
safety systems such as access control systems and video surveillance system for
real time monitoring. As a result, the demand for security systems is
anticipated to rise over the forecast period.
The video surveillance systems segment dominated the
market in the year 2016. The increased use of cameras in various locations,
such as airports, railway stations, and ports, for security purposes, is
driving the demand for high-quality video cameras that enable effective
monitoring. These systems have further been largely used by the military and
defense sector for surveillance purposes.
The maintenance & support segment is anticipated
to witness substantial growth, owing to the need for regular maintenance, post
installation. The demand for these services is expected to increase over the
forecast period. The increasing number of advancements in video capturing is
encouraging providers to introduce new updates in minimal time with better
quality. This is further creating an opportunity for market growth.
Browse full research report on Security Market: https://www.grandviewresearch.com/industry-analysis/security-market
Further
key findings from the report suggest:
- The demand for security system has been increasing over the years,
owing to the increasing awareness of safety concerns and adoption of
advanced systems with real-time monitoring support
- The governments of various nations such as the US, and Canada have
initiated the implementation of security systems and are emphasizing on
cross border safety.
- The advanced systems help effectively monitor the surrounding
activities with optimized power consumption
- The suppliers are focusing on collaborations with other
manufacturers for achieving enhanced product features and improved
performance
- The key players in the market are Anixter International, Inc.; Tyco
International Plc.; Honeywell International, Inc.; FLIR Systems, Inc.;
Axis Communications AB; and Senstar Corporation
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand
View Research has segmented the security market based on systems, services,
end-use, and regions:
System
Outlook (Revenue, USD Billion; 2014 - 2025)
- Access
Control Systems
- Alarms &
Notification Systems
- Intrusion
Detection Systems
- Video
Surveillance Systems
- Barrier
Systems
Service
Outlook (Revenue, USD Billion; 2014 - 2025)
- System
Integration & Consulting
- Risk
Assessment and Analysis
- Managed
Services
- Maintenance
and Support
End
use Outlook (Revenue, USD Billion; 2014 - 2025)
- Government
- Military and
Defense
- Transportation
- Commercial
- Industrial
Regional
Outlook (Revenue, USD Billion; 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Mexico
- Middle East
& Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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