Global Electronic Security Systems (ESS) Industry

NEW YORK, March 4, 2020 /PRNewswire/ --

Electronic Security Systems (ESS) market worldwide is projected to grow by US$26.5 Billion, driven by a compounded growth of 7.1%. CCTV & Video Surveillance Systems, one of the segments analyzed and sized in this study, displays the potential to grow at over 9.5%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$35 Billion by the year 2025, CCTV & Video Surveillance Systems will bring in healthy gains adding significant momentum to global growth.

Read the full report: https://www.reportlinker.com/p05151457/?utm_source=PRN

- Representing the developed world, the United States will maintain a 5.8% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$922.3 Million to the region's size and clout in the next 5 to 6 years. Over US$750.4 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, CCTV & Video Surveillance Systems will reach a market size of US$1.5 Billion by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 11.1% over the next couple of years and add approximately US$7.8 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include, among others,

• ADT LLC
• Allegion plc
• ASSA ABLOY AB
• HID Global
• Axis Communications AB
• Bosch Security Systems
• Brinks Home Security
• Changzhou Minking Electronics Co. Ltd.
• CP PLUS GmbH & Co. KG
• Dahua Technology Co. Ltd.
• Diebold Nixdorf, Incorporated
• DoorKing Inc.
• dormakaba Holding AG
• Fermax Electronica S.A.U.
• Gemalto N.V.
• Genetec Inc.
• Global Security Solutions
• Gunnebo AB
• Hanwha Techwin Co. Ltd.
• Hangzhou Hikvision Digital Technology Co. Ltd.
• Honeywell International Inc.
• IDEMIA
• IDenticard Systems
• Identiv Inc.
• Johnson Controls plc
• March Networks Corporation
• MOBOTIX AG
• NEC Corporation of America
• Nortek Security and Control LLC
• Panasonic Corporation
• Pelco by Schneider Electric
• SecuGen Corporation
• STANLEY Security
• Vanderbilt Industries
• Vivint Inc.

Read the full report: https://www.reportlinker.com/p05151457/?utm_source=PRN

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Electronic Security Systems: Safeguarding People, Resources and
Infrastructure
Recent Market Activity
Emerging Trends & Technologies in Electronic Security Market
Biometrics goes Mainstream
Edge Intelligence Technology
Convergence of IT and Security
Integration of Security Systems with Mobile Technology
Focus on Enhancing User Experience
Cloud Technology for Managing Critical Business Information
Near-field communications (NFC)
IP Networked Devices
Global Market Outlook
Rising Demand for CCTV & Video Surveillance Systems to
Spearhead Market Growth
Security Needs of the Public Sector Propels Demand for
Electronic Security Systems
Developed Regions Lead the Global ESS Market
Developing Regions Offer Significant Market Growth Opportunities
Market Fortunes Strongly Linked to Performance of the Global
Construction Industry
Global Competitor Market Shares
Electronic Security Systems (ESS) Competitor Market Share
Scenario Worldwide (in %): 2020 & 2029


2. FOCUS ON SELECT PLAYERS

ADT LLC (USA)
Allegion plc (Ireland)
ISONAS (USA)
ASSA ABLOY AB (Sweden)
HID Global (USA)
Axis Communications AB (Sweden)
BIO-key, International, Inc. (USA)
Bosch Security Systems (Germany)
Brinks Home Security (USA)
Chamberlain Group, Inc. (USA)
Changzhou Minking Electronics Co., Ltd. (China)
CP PLUS GmbH & Co. KG (Germany)
Dahua Technology Co., Ltd. (China)
Diebold Nixdorf, Incorporated (USA)
DoorKing, Inc. (USA)
dormakaba Holding AG (Switzerland)
Fermax Electronica S.A.U. (Spain)
Gemalto N.V. (Netherlands)
Genetec, Inc. (Canada)
Global Security Solutions (Canada)
Gunnebo AB (Sweden)
Hanwha Techwin Co., Ltd. (South Korea)
Hangzhou Hikvision Digital Technology Co., Ltd. (China)
Honeywell International, Inc. (USA)
IDEMIA (France)
IDenticard Systems (USA)
Identiv, Inc. (USA)
Johnson Controls plc (Ireland)
Kisi, Inc. (USA)
March Networks Corporation (Canada)
MOBOTIX AG (Germany)
NAPCO Security Technologies, Inc. (USA)
NEC Corporation of America (USA)
Nortek Security & Control LLC (USA)
Panasonic Corporation (Japan)
Schneider Electric (France)
Pelco by Schneider Electric (USA)
SecuGen Corporation (USA)
STANLEY Security (UK)
Swann (Australia)
United Technologies Corporation (USA)
Vanderbilt Industries (USA)
Vector Security, Inc. (USA)
Vivint, Inc. (USA)


3. MARKET TRENDS & DRIVERS

Advanced IP-Based Digital Networked Video Solutions Drive
Strong Growth for CCTV and Video Surveillance Systems
IP-Based Video Surveillance: Myriad Benefits to Drive Market
Growth
Deep Learning: Intelligent Audio/Video Analytics Solutions
Adoption of Higher Resolution HD Cameras
Government: Dominant Application Sector for CCTV and Video
Surveillance Systems
VSaaS Market to Exhibit Strong Growth
Emerging Trends in Video Surveillance Systems Market
Other Major Trends, Drivers, Challenges & Opportunities Summarized
Game Changing Trends and Technologies Drive Growth in Demand
for Electronic Access Control Systems
Growing Need to Establish a National Identity
Major Technology Trends in Electronic Access Control Systems
(EACS)
Strong Smartphone Proliferation and the Resulting Need for
Anytime, Anywhere Access Drive Market Adoption
Alarming Increase in Cyber Crime, Cyber Frauds, and Cyber
Security Threats Lends Traction to Market Growth
Possible Defensive Measures against Cyber Crimes
Electronic Locks Disrupt the ?Conventional and Mechanical?
Blacksmith Services
Upcoming Smart Cities to Fuel Large-Scale Adoption
Security in Smart Cities Receives Undivided Focus
Emerging Trends & Technologies in the Smart Connected Home
Security Systems Market
Electronic Locks Disrupt the ?Conventional and Mechanical?
Blacksmith Services
Future of Locksmith Services
Electromechanical Options for Controlled Access Doors
Electronic Locking Hardware
Electronic Locks Add Digital Touch to Locking Mechanism
Exponential Increase in Global Urban Population Boost Market
Demand
Critical Need to Restrict Unauthorized Entry and Access Spur
Demand for Card-Based EACS
Growing Popularity of Smarts Cards in Providing Enhanced
Protection Drives Healthy Demand for Card-Based EACS
Biometrics: The Critically Important Authentication Technology
Fast Replacing the Vulnerable
Benefits
Growth Drivers
Growth Inhibitors
Biometrics: The Dominant Electronic Access Control Technology
Frictionless Face and Iris Recognition Technologies to Take
Over Fingerprint Biometrics
Cloud Solutions Augment Physical Electronic Security Systems,
Bodes Well for the Market
Rising Need to Safeguard Physical, Human, and Digital Assets
Drive Demand in the Enterprise Sector
Avoiding Unnecessary Costs: Key Rationale for Adoption of ESS
in Enterprise Sector
Small and Mid-Sized Businesses: A Lucrative Market Segment
Burglar Alarms Market: Growing Need to Safeguard Assets and
People Drives Growth
Despite Market Saturation Advanced Products to Sustain Growth

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