Global Commercial Security Market, By Product
(Smart Locks, Security Cameras, Sensors), By Type (Intruder Alarms, Software,
Access control, Surveillance systems), By End-users (Retail, Healthcare,
Banking) - Forecast 2023
Market Synopsis of Global Commercial
Security Market:
Market Scenario:
Commercial Security is a system through which properties, data are secured with an interconnecting device or components. The devices include sensors and actuators to ensure safety.
Commercial Security is a system through which properties, data are secured with an interconnecting device or components. The devices include sensors and actuators to ensure safety.
The factors contributing to the
growth of commercial security market are increasing awareness among various
sectors, growing security concerns, increasing use for wireless technology in
security systems, increasing adoption of new technological solutions and
availability of devices at a cheaper cost. Also, factors such as the increasing
usage of various cameras by the government and also the adoption of data driven
solutions such as analytics are expected to boost the market over the forecast
period, 2017-2023.
Geographically, North America
accounted for the largest market share in the global commercial security
market, whereas Asia-Pacific is expected to grow at a fast pace over the
forecast period, 2017-2023.
The global commercial security
market is expected to reach approximately USD 187 billion by the end of 2023
with 10% CAGR during forecast period 2017-2023.
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Study Objectives
of Global Commercial Security Market:
- To provide detailed analysis of
the market structure along with forecast of the various segments and
sub-segments of the global commercial security market.
- To provide insights about
factors affecting the market growth.
- To analyze the global
commercial security market based porter’s five force analysis etc.
- To provide historical and
forecast revenue of the market segments and sub-segments with respect to
four main geographies and their countries- North America, Europe, Asia,
and Rest of the World (ROW).
- To provide country level
analysis of the market with respect to the current market size and future
prospective.
- To provide country level
analysis of the market for segment by product, type, end-users and region.
- To provide strategic profiling
of key players in the market, comprehensively analyzing their core
competencies, and drawing a competitive landscape for the market.
- To track and analyze
competitive developments such as joint ventures, strategic alliances,
mergers and acquisitions, new product developments, and research and
developments in the global commercial security
Key Players
The key players in the global commercial security market include Honeywell International, Inc. (U.S.), Tyco International Ltd (U.S.), Bosch Security Systems (Germany), ASSA ABLOY AB (Sweden), Allegion (U.S.), Control4 (U.S.), UTC Fire & Security (U.S.), Godrej & Boyce Manufacturing Company Limited (India), Nortek Security and Control (U.S.), ADT Security Services (U.S.), United Technologies Corporation (U.S.), among others.
The key players in the global commercial security market include Honeywell International, Inc. (U.S.), Tyco International Ltd (U.S.), Bosch Security Systems (Germany), ASSA ABLOY AB (Sweden), Allegion (U.S.), Control4 (U.S.), UTC Fire & Security (U.S.), Godrej & Boyce Manufacturing Company Limited (India), Nortek Security and Control (U.S.), ADT Security Services (U.S.), United Technologies Corporation (U.S.), among others.
Segments
For the purpose of this study, Market Research Future has segmented the market of residential security into product, solution, residential type and region.
For the purpose of this study, Market Research Future has segmented the market of residential security into product, solution, residential type and region.
Product
- Smart Locks
- Sensors
- Security Cameras
- Security Alarms
Solution
- Surveillance System
- Intruder Alarms
- Access Control Management
End-users
- Retail
- Healthcare
- Banking
- Others
Region
- North-America
- Europe
- Asia-Pacific
- RoW
Regional Analysis-
Regionally, North-America accounted for the largest market share, increased adoption of new technological solutions, and cost of such equipment is low and also the introduction of various types of new IP based cameras.
Regionally, North-America accounted for the largest market share, increased adoption of new technological solutions, and cost of such equipment is low and also the introduction of various types of new IP based cameras.
However, Asia-Pacific region is expected to grow over the
forecast period, 2017-2023. The reason is attributed to the growth of the
developing countries, manufacturing hub, growing security concerns and the
availability of new technological solutions.
Intended Audience
- Manufacturers
- Distributors
- Research firms
- Consultancy firms
- Software Developers
- Vendors
- Semiconductor Manufacturers
- End-user sectors
- Technology Investors
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