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Global Security Appliance Market 2016-2020 - Increase in Domestic & International Security Threats - Key Vendors Are Tyco, Honeywell Security & Fortinet - Research and Markets

[April 15, 2016]

Global Security Appliance Market 2016-2020 - Increase in Domestic & International Security Threats - Key Vendors Are Tyco, Honeywell Security & Fortinet - Research and Markets

Research and Markets has announced the addition of the "Global Security Appliance Market 2016-2020" report to their offering.

The global security appliance market is expected to grow at a CAGR of 11.38% during the period 2016-2020.

The report covers the present scenario and the growth prospects of the global security appliance market. To calculate the market size, the report considers the revenues generated from the sale of physical and network security appliances that include the following:

Physical security appliances.
Network security appliances.

IP video surveillance systems include video recorders, cameras, and storage devices. Private and public financial institutions have begun using HD cameras, as they have high-quality imaging and up to 180 days' worth of video storage. Moreover, IP cameras are more affordable than analog cameras, and they are scalable and flexible.

According to the report, since 2010, there has been a significant increase in global criminal attacks and data thefts. Loss of data from organizations can be catastrophic as thy contain confidential information. Surveillance devices are used to track people involved in data thefts and criminal activities. This includes criminals entering countries in order to commit crimes. For this reason, airports and seaports need to install security systems. The market has seen an increased adoption of monitoring solutions to prevent unauthorized access to property and information.

Further, the report states that the overall deployment cost of network security appliances includes the cost of software licensing, system designing and customization, implementation, training, and maintenance. After the implementation of network security appliances, they have to be upgraded regularly, which leads to an increase in the overall costs incurred by an organization.

Key vendors: