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Security Solutions Market to Reach $372.9 Billion by 2022 - Growing Demand for the Use of Wireless Technology in Security Systems - Research and MarketsResearch and Markets has announced the addition of the "Security Solutions Market - Global Forecast to 2022" report to their offering. The overall security solutions market was valued at USD 206.69 billion in 2016 and is projected to reach USD 372.90 billion by 2022, at a CAGR of 10.16% from 2017. The major factors driving the growth of the security solutions market include the necessity to safeguard individuals as well as assets from rapidly evolving threats, increasing consumer awareness & security concerns, willingness to pay for security systems, growing demand for the use of wireless technology in security systems, and adoption of IoT-based security systems. On the other hand lack of technical knowledge required to use security solutions and high cost of initial investment and maintenance are the restraining factors for the market. The fir protection systems segment leads the market and is expected to witness the highest growth rate during the forecast period. Some of the major security systems considered under the fire protection systems are fire alarms, sprinklers, and extinguishers. As fire protection systems are widely used in residential and industrial verticals, the increasing use of fire protection systems in residential and industrial verticals is expected to drive the security solutions market during the forecast period. Companies Mentioned
Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Industry Trends 7 Security Solutions Market, By Type 8 Security Solutions Market, By End-User Industry 9 Geographic Analysis 10 Competitive Landscape 11 Company Profiles 12 Appendix For more information about this report visit http://www.researchandmarkets.com/research/zx2mzg/security View source version on businesswire.com: http://www.businesswire.com/news/home/20170406005604/en/ |
