Electronic Security Market Analysis, Share and Size, Emerging Trends, Overview and Outlook, Growth And Segment Forecasts To 2020

Electronic Security Market Analysis, Share and Size, Emerging
Trends, Overview and Outlook, Growth And Segment Forecasts To
Technavio Announces the Publication of its Research Report – Global Electronic Security Market 20162020
Technavio recognizes the following companies as the key players in the global electronic security
market: Axis Communications, Bosch Security Systems, Honeywell Security, and Tyco Security Products.
Other Prominent Vendors in the market are: ADT Security Services, A2 Systems, ALL-TAG Security
Americas, Anixter, ASSA ABLOY, AxxonSoft, Checkpoint Systems, Delphi, FLIR Systems, Gallagher¸
Genetec, Hikvision Digital, Intergraph, Ketec, Lenel Systems, Nedap, NetVersant, Nortek Security,
Panasonic, S2 Security, Salient Systems, Samsung Techwin, Siemens, and videoNEXT.
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Commenting on the report, an analyst from Technavio’ s team said: “Rising adoption of electronic
security products by SMEs will be a key trend for market growth. Many SMEs, particularly in the
manufacturing, retail, and banking sectors, are adopting electronic security products to protect their
premises and data. SMEs generally do not possess the required skills or resources to evaluate security
products or deploy, integrate, and manage the security infrastructure. Therefore, they opt for electronic
security products to monitor and maintain security. SMEs also seek vendors' help to monitor the
network in real time for unauthorized network intrusions and virus attacks. The high adoption of
electronic security products by SMEs is therefore expected to drive the growth of the electronic security
products market.”
According to the report, development of smart cities will be a key driver for market growth. Due to the
emergence of several smart city campaigns and initiatives across the globe, electronic security has
become a critical part of city’ s core mandate as it has the ability to provide faster, real-time data for
better safety and security standards. Furthermore, rising population and migration of people from rural
to urban areas is attracting investments toward the development of smart cities. This is gaining more
importance in countries such as China, India, and Qatar. The development of smart cities provides
efficient transportation facilities, traffic management system, smart grids, good healthcare facilities, and
advanced technology in the construction process.
Further, the report states that replacing analog cameras with new IP cameras will be a challenge for the
market. Many retail shop owners are still using analog surveillance cameras in their stores, despite the
introduction of new technologies such as the higher resolution and analytics offered by new IP cameras.
However, replacing the older analog cameras with new IP cameras can be costly. The extended business
hours of retail shops can make the installation a challenge as there will be no time to implement new
video cameras and management systems in the shop. In yet another challenge, the old analog cameras
may not integrate easily with IP video, incurring high costs for retail shop owners during the
replacement process.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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About Physical Security
Physical security refers to security measures that help to monitor and control access of an entity to
premises, or equipment, or resources. These measures protect individuals and property from theft or
attacks. Physical security involves the use of multiple layers of security products, such as surveillance
systems, locks, and access control systems. It is mainly divided into two: electronic physical security and
mechanical physical security. Electronic physical security is a system that is developed by integrating
numerous entities as per end-users' requirements. This security system is a combination of various
security equipment or solutions.
Technavio’ s analysts forecast the global electronic security market to grow at a CAGR of 14.4% during
the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global electronic security
market for 2016-2020. This report provides a list of vendors that provide electronic security solutions
across the globe. Vendors are identified based on their product features, geographical presence,
customer base, and product portfolio.
The market is divided into the following segments based on geography:
Technavio's report, Global Electronic Security Market 2016-2020, has been prepared based on an indepth market analysis with inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
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Market Reports Center
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