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Global Electronic Security Systems Industry to 2026 – With ADT, Link Interactive and Honeywell Security, among others – ResearchAndMarkets.com |

DUBLIN – (BUSINESS WIRE) – January 7, 2022–

the “Electronic Security Systems Market – Forecasts 2021 to 2026” the report was added to ResearchAndMarkets.comoffer.

The electronic systems security market was valued at US $ 46.167 billion in 2019 and is expected to grow at a CAGR of 11.28% during the forecast period to reach a total market size of US $ 95.442 billion in 2026.

One of the biggest markets in the technology segment is the surveillance market and it offers huge growth prospects globally as well as in India. An electronic security system is mainly used by corporate workplaces, commercial places or shopping malls, etc. The main objective of electronic security systems is to provide security wherever they are used. Their increased adoption by government agencies, manufacturing industries, and commercial establishments, among others, for security purposes is a determining factor in the growth of the market.

The increase in terrorist threats, the growth of public and private infrastructure, and increasing crime rates have resulted in a demand for the surveillance market in India. CCTV systems are the most important product category of electronic security segment in India.

Investments and new technologies in electronic security are stimulating the market. In India, this sector has attracted significant investment in the form of an influx of FDI. Indian companies plan to invest in production, distribution and R&D in the coming years. In 2021, Bosch Security Systems introduced the INTEOX camera platform which combines Bosch’s integrated intelligent video analysis with exceptional performance, a commonly used open operating system and the ability to safely add software applications. In 2020, a new keyless keypad door lock system was introduced by Hank Washington, a company specializing in high quality household products, where the BACKR electronic access control solution is suitable for consumers interested in a door lock. high security door for interior and exterior applications.

Increasing investment in smart city innovation increases demand for advanced electronic security systems. Globally, Singapore is currently the number one investor in smart cities, followed by Tokyo, New York and London. Regionally, the United States, Europe and China account for more than half of total global spending on smart cities. China planned to invest billions of dollars in mass surveillance projects every year, the project mainly focuses on using advanced face detection technology and algorithms to track the population using millions surveillance cameras. Asian countries are investing in infrastructure development to make their respective countries safer and more secure through the application of surveillance systems, alarms and access controls.

In India, the need for safety devices has increased. Significant investments have been made in large-scale infrastructure projects, industrial facilities and various urban landscape developments such as industrial complexes, offices, IT parks. The development has also been observed in public infrastructure such as airports, metro stations, shopping malls and other public services which have created direct demand for private security services.

The increase in terrorist activity around the world has sounded the alarm for increased security services. For example, if we are talking about terrorism, India ranks sixth out of 162 countries in terms of terrorism. The number of murders was 476 in 2018. 2019 recorded 1,787 terrorism-related incidents. People have started to feel in danger due to the increase in terrorist activity and they are more concerned about their security, hence the demand for electronic security systems is high.

Companies mentioned

  • FrontPoint Security Solutions
  • ADT SARL
  • Interactive Link
  • Vivint, Inc.
  • Zicom Electronic Security Systems Limited
  • Bosch Sicherheitssysteme GmbH
  • Protect America, Inc.
  • Ax Communications AB
  • Honeywell Security
  • A2 Systems, LLC

Segmentation:

By type

  • CCTV Surveillance Security System
  • Alarm system
  • Access control
  • Others

By end user type

  • Companies
  • Government
  • Others

By geography

  • North America
  • United States
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Others
  • Europe
  • UK
  • Germany
  • Italy
  • Spain
  • Others
  • Middle East and Africa
  • Israel
  • Saudi Arabia
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Taiwan
  • Thailand
  • Indonesia
  • Others

For more information on this report, visit https://www.researchandmarkets.com/r/47k0dl

View source version on businesswire.com:https://www.businesswire.com/news/home/20220107005274/en/

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SOURCE: Research and markets

Copyright Business Wire 2022.

PUB: 07/01/2022 08:25 / DISC: 07/01/2022 08:26

http://www.businesswire.com/news/home/20220107005274/en

Copyright Business Wire 2022.