Electronic Security System Global Market - Overview —
The electronic security system is defined as equipment’s that operates function such as surveillance, alarming, access control and others. These security system is highly utilized in shopping centres, commercial places and within corporate work places. The major aspects aiding the growth of Electronic Security System Market are the rising concerns regarding security issues, innovation of technologically advanced security systems and improvisation in the network infrastructure & broadband services. According to a recent study report published by the Market Research Future, The global market of Electronic Security System is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).
It has been observed that CCTV surveillance system is highly utilized in public places, railway stations and etc. The surveillance system is mostly install as it can be operated from the remote zone. These system can also be utilized as the access control systems, attendance record system, fire recognition and accident avoidance system. The CCTV surveillance system accounts for largest share, owing to factors such as occurrence of terrorist activities such as illegal imports, shoot-outs, and bomb planting in public places and corporate building such as government headquarters, trade centers, malls, and transit locations is leading to massive losses of human life and financial property.
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Electronic Security Systems Market
The electronic security systems market can be segmented into its type, end-users and regions. The market has various types such as access control, intrusion detection, vehicle security and video surveillance. Video surveillance systems accounted for the largest market share to help in improving the customer’s business by providing effective solutions for loss prevention, and merchandising among others. Various end-users of electronic security system comprises of healthcare, BFSI, residential and others. The healthcare, and banking & finance segment accounted for the largest market share, since it provides security solutions to monitor organizational premises and prevent unauthorized access.
The key players of global electronic security system market report include 3D Datacom (U.S.) (Sweden), Bosch Security Systems (Germany), 3VR Security, Inc. (U.S.). (U.S.), Honeywell international Inc. (U.S.), A&B Security Group (U.S.) , Panasonic System Networks Co. Ltd (Japan), Sony Corporation (Japan), Schneider Electric (France), Cisco Systems, Inc. (U.S.) , A-TEC security system, Inc. (U.S.) and others.
Market Research Future Analysis
The global electronic security system market is expected to grow significantly. The market is highly application basis. Commercial and government segment of electronic security systems globally drives the market due to high investments and security awareness. The market is expected to have higher growth rate as compared to the previous years.
North-America is the largest region for the electronic security systems market. However, Asia countries, especially China, India and Japan are expected to grow over the forecast periods. China is one of the leading manufacturer of electronic security systems thereby contributing in generating high revenue for electronic security system market. Also, growing civil infrastructure in this region boosting the overall growth of the market.
15 November 2016 - Bosch Security Systems and Sony came into partnership for their video security business. The two companies joined hands by technically cooperating in the field of video security solutions. Sony’s has developed superior image quality technology combined with Bosch’s expertise in video analytics that will deliver high tech security products to customers of both companies and set new standards
February 6, 2018– Identiv, Inc., has acquired 3VR Security, Inc., a video technology and data analytics company. It is anticipated that this combination will provide Identiv with a full range of technologies to deliver its vision for secure, pervasive yet frictionless premises security, situational awareness and business insights.
Sep 01, 2016- Honeywell International announced the addition of new features to its growing portfolio of video technology to help security professionals with simple design which connects building systems. The company has also added several devices to it’s equIP series cameras which is designed to produce better picture quality in the most-challenging conditions. They also announced the latest version of its MAXPRO network video recorder (NVR), which enable operators’ by providing them features that quickly store and locate archived video, as well as easily create integrated surveillance systems.
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• Electronic security system Manufacturers
• Research firms
• Consultancy firms
• Semiconductor Manufacturers
• Technology Investors
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