Security System Market Research Report by Forecast to 2023
Summary At the same time, a lot of prominent organizations having remote connectivity in their global offices are also investing much more in wireless and electronic security in support of a huge threat of internet based applications and cyber-attacks to prevent the sensitive and confidential data. Besides, the industrial usage of security systems, even commercial systems in Banking, retail and Transportation sectors are also high users of Security Systems , mainly to secure the data (personal and sensitive customer information) for banking and Finance. Due to the technological advancements, the retail industry is actively moving off the brick and mortar and largely focusing on the internet to face the threats of data theft, warehouse security and logistics. All these factors are constructively posing as important factors driving the market for security systems to evolve more in the coming years.
Security System Market Research Report by Forecast to 2023
Major Key Players: • • • • • • • • •
Cisco systems Inc (US) ASSA Abloy (Sweden) FLIR systems (US) Bosch security systems (Germany) ADT Corporation (US) Brocade communication systems Inc (US) Honeywell International, Inc (US) Symantec Corporation (US) Fortinet (US)
Segmentation: • •
In terms of product: Hardware and software solutions are the segments. In terms of end-user: Transportation, commercial, industrial, retail, banking & finance, aerospace & defense are the segments.
Regional Analysis: Geographically, the security system market has been majorly studied among the regions of North America, Europe, Asia Pacific and Rest of the world. Of North America, the United States is the leading region in terms of industrial security as it has been recorded with maximum usage of radar systems and access control management as well as early adoption of industrial automation. These factors have been the prime factors driving the market in this region. Also, highly advanced Aerospace & defense industry has also emerged as highly notable factor that impacted the market in the coming years.