The Global Electronic Security Systems Market to Grow At A CAGR Of 7.57 Percent over the Period 2011-2015
Dec 18, 2012 (M2 PRESSWIRE via COMTEX) --
Research and Markets (http://www.researchandmarkets.com/research/jccvsn/global_electronic) has announced the addition of the "Global Electronic Security Systems Market 2011-2015" report to their offering.
One of the key factors contributing to the growth of the market is the increasing security concerns. The Global Electronic Security Systems market has also been witnessing an increase in the preference for integrated electronic security systems. However, the lack of integration capabilities of these systems could pose a challenge to the growth of this market.
The key vendors dominating this space include Axis Communications AB, Bosch Security Systems Inc., Honeywell International Inc., and Panasonic System Networks Co. Ltd.
The other vendors mentioned in the report are Assa Abloy AB, Arecont Vision LLC, Avigilon Corp., Cisco Systems Inc., Exacq Technologies Inc., Genetec Inc., Hikvision Digital Technology Co. Ltd., H3C Technologies Co. Ltd, March Networks Corp., Milestone Systems A/S, Mobotix AG, NICE Systems Inc., Safran Group, Samsung Electronics Co. Ltd., Schneider Electric Industries S.A.S., Siemens AG, and Sony Corp.
Commenting on the report, an analyst from TechNavio's IT Security team said: ''A major trend observed in the Global Electronic Security Systems market is the increase in the preference for integrated electronic security systems. Integrating electronic security systems helps in adding value by connecting multiple security systems for enterprises and forming a single unified solution. Vendors are integrating electronic security systems such as access control systems with Closed-circuit Television (CCTV), which helps in recording images of people entering office premises, and CCTV with intruder alarms, which helps cameras record images with greater resolution when intruder alarms are triggered. Thus, the integration of electronic security systems such as CCTV, access control, and intruder alarms help in building intelligent security systems.''
According to the report, security and safety are the major concerns for organizations. Security breaches at key infrastructure facilities such as the World Trade Center in the US and the Taj Hotel in Mumbai, India, have forced various governments to improve the security of their key infrastructures. Furthermore, large enterprises are investing in security systems to safeguard their assets. These are some of the factors contributing to the growth of the market. Additionally, regulatory norms imposed by various governments across the globe to encourage building owners to install digital security systems is another major driver of the market.
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