The Worldwide Commercial Security System Industry is Expected to Reach $342.6 Billion by 2026
DUBLIN, March 3, 2021 /PRNewswire/ -- The "Global Commercial Security System Market with COVID-19 Impact Analysis by Hardware (Fire Protection, Video Surveillance, Access Control), Service (System Integration, Remote Monitoring), Software, Vertical, and Geography - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global commercial security system market is projected to grow from USD 223.9 billion in 2021 to USD 342.6 billion by 2026; it is estimated to grow at a CAGR of 8.9% during the forecast period.
Key factors contributing to the growth of the commercial security system market include the rising number of terrorist attacks and organized crimes across the world, growing construction industry, expanding adoption of IP cameras, accelerating implementation of stringent fire protection-related regulations, and rising adoption of IoT-based security systems powered by cloud computing platforms.
Growing government and stakeholder funding for developing smart cities and employing city surveillance solutions, rising adoption of ACaaS and VSaaS, and increasing periodic revision of fire protection-related regulatory compliances provide new opportunities for the growth of the commercial security system market.
Video surveillance to lead the commercial security system market during the forecast period
The increased adoption of IP cameras made video surveillance cost effective as installation expenses are minimized. Moreover, high-definition IP cameras bring significantly improved capabilities. Thus, better functionalities ranging from basic to advanced analytics, improved performance, and increased features - all available at a reduced cost - have led to a growth in the video surveillance market.
Video surveillance software offering is expected to be the fastest-growing market for commercial security software market during the forecast period
Video surveillance software will be the fastest-growing commercial security software market globally. The primary reason driving the growth of this market is the adoption of artificial intelligence (AI) technology in video surveillance systems. The ability of AI to analyze images and audio from the live streams of video surveillance and recordings, coupled with its ability to use image recognition algorithms to recognize faces, objects, and events, among others, is driving the video surveillance software market globally.
APAC to be the fastest growing commercial security system market during the forecast period
Security systems are expected to witness increasing adoption in APAC as the countries in the region are emerging economies with a growing number of manufacturing bases; there is also a constant risk of terror threats in the region. The market in APAC has a high growth potential owing to increased security concerns, especially in India and China; the governments in the 2 countries have started investing heavily in security.
Furthermore, emerging economies are working toward improving their infrastructure, which is expected to contribute to the growth of the access control system and solution market. The rising adoption of access control systems in small- and medium-sized enterprises, hospitality businesses, airports, ATMs, banks, and religious places is expected to drive the access control market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in Commercial Security System Market 4.2 Commercial Security Hardware Market, by Offering 4.3 Commercial Security Software Market, by Offering 4.4 Commercial Security Service Market, by Offering 4.5 Commercial Security System Market, by Vertical 4.6 Commercial Security System Market, by Region
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Rising Number of Terrorist Attacks and Organized Crimes Across the World 5.2.1.2 Growing Construction Industry 5.2.1.3 Expanding Adoption of IP Cameras 5.2.1.4 Accelerating Implementation of Stringent Fire Protection-Related Regulations 5.2.1.5 Rising Adoption of IoT-based Security Systems Powered by Cloud Computing Platforms 5.2.2 Restraints 5.2.2.1 High Installation, Maintenance, and Ownershp Costs of Commercial Security Systems
5.2.2.2 Major Security and Privacy Concerns 5.2.3 Opportunities 5.2.3.1 Growing Government and Stakeholder Funding for Developing Smart Cities and Employing City Surveillance Solutions 5.2.3.2 Rising Adoption of ACaaS and VSaaS 5.2.3.3 Increasing Periodic Revision of Fire Protection-Related Regulatory Compliances 5.2.4 Challenges 5.2.4.1 Cybersecurity-Related Threats 5.2.4.2 Integration of User Interfaces with Fire Protection System
6 Industry Trends 6.1 Value Chain Analysis 6.2 Commercial Security System Ecosystem/Market Mapping 6.3 Commercial Security System Regulations 6.3.1 Fire Protection and Safety Regulations 6.3.2 Video Surveillance Privacy and Wiretapping Regulations 6.3.3 Government Regulations Related to Fair and Transparent Use of Biometric System-Powered Access Control 6.4 Key Use Cases 6.4.1 Fire Protection System 6.4.1.1 Fire Protection Systems Played Major Role in Fighting Australian Wildfires 6.4.2 Video Surveillance 6.4.2.1 Mandatory Installation of CCTV Cameras in Sharjah 6.4.3 Access Control System 6.4.3.1 Eurostar Has Enabled Biometric-Enabled Boarding for UK Passengers 6.4.4 Entrance Control System 6.4.4.1 Multi-Biometric Powered Entrance Control System in UAE Enables Seamless Border Crossing 6.5 Patent Analysis 6.6 Porter's Five Forces Model 6.7 Average Selling Price 6.7.1 Pricing Trend for Commercial Security System Market 6.8 Technology Analysis 6.8.1 IoT-powered Fire Protection System 6.8.2 Cloud-Based Fire Protection System 6.8.3 Video Image Smoke and Flame Detection System 6.8.4 Emergence of Contactless Biometrics 6.8.5 Use of Thermal Cameras in Access Control 6.8.6 3D Face Recognition 6.8.7 Intelligent and Context-Aware Video Data Collection 6.8.8 Mobile Access Control System 6.9 Trade and Tariff Analysis 6.9.1 Trade Analysis for Video Surveillance 6.9.2 Trade Analysis for Fire Protection System 6.9.3 Tariff Analysis for Video Surveillance and Fire Protection Systems
7 Commercial Security System Market, by Hardware 7.1 Introduction 7.2 Fire Protection System 7.2.1 Increased Spending on Protecting Assets from Fire Hazards, Along with Robust Growth in Infrastructure Development, to Boost Growth 7.2.2 Fire Detection 7.2.2.1 Flame Detectors 7.2.2.2 Smoke Detectors 7.2.2.3 Heat Detectors 7.2.3 Fire Suppression 7.2.3.1 Fire Detectors and Control Panels 7.2.3.2 Fire Sprinklers, Nozzles, Caps, and Control Heads 7.2.3.3 Fire Suppressor Reagent 7.2.3.3.1 Chemical 7.2.3.3.2 Gaseous 7.2.3.3.3 Water 7.2.3.3.4 Foam 7.2.4 Fire Sprinkler System 7.2.4.1 Wet 7.2.4.2 Dry 7.2.4.3 Pre-Action 7.2.4.4 Deluge 7.2.4.5 Other Fire Sprinkler Systems 7.2.5 Fire Response 7.2.5.1 Emergency Lighting Systems 7.2.5.2 Voice Evacuation and Public Alert Systems 7.2.5.3 Secure Communication Systems 7.2.5.4 Fire Alarm Devices 7.3 Video Surveillance 7.4 Access Control System 7.5 Entrance Control Systems
8 Commercial Security System Market, by Software 8.1 Introduction 8.2 Fire Analysis 8.2.1 Fire Analysis Uses Fire Mapping and Analysis Software and Fire Modeling and Simulation Software 8.2.2 Fire Mapping and Analysis Software 8.2.3 Fire Modeling and Simulation Software 8.3 Video Surveillance Software 8.3.1 Rising Trends of Deep Learning and Ai to Drive Market Growth 8.3.2 Video Analytics 8.3.3 Video Management Software 8.3.4 Software by Deployment Mode 8.3.4.1 On-Premises 8.3.4.2 Cloud 8.4 Access Control Software 8.4.1 Companies Offering Software with Open Architecture to Combine Security Equipment and Software into Single Platform 8.4.2 Visitor Management System 8.4.3 Others
9 Commercial Security System Market, by Service 9.1 Introduction 9.2 Security Systems Integration Services 9.2.1 Security System Integration Services to Occupy Largest Share During Forecast Period 9.3 Remote Monitoring Services 9.3.1 North America to Account for Largest Market in Remote Monitoring Services Market 9.4 Fire Protection Services 9.4.1 Fire Protection Services to Witness Highest Growth in Europe 9.4.2 Maintenance Services 9.4.3 Managed Services 9.4.4 Engineering Services 9.4.5 Installation and Design Services 9.4.6 Other Services 9.5 Video Surveillance Services 9.5.1 Installation and Maintenance Services to Account for Largest Market in Video Surveillance Service Market 9.5.2 VSaaS 9.5.2.1 Hosted 9.5.2.1.1 Rising Adoption of Cloud Services Drives Growth of Hosted VSaaS Market 9.5.2.2 Managed 9.5.2.2.1 Reduced Operational Costs Provide Opportunities for Managed VSaaS 9.5.2.3 Hybrid 9.5.2.3.1 Ensure More Data Security, Remote Access, Flexibility, and Scalability 9.5.3 Installation and Maintenance Services 9.5.3.1 Growing Video Surveillance Market Drives Growth of Service Market 9.6 Access Control Services 9.6.1 Growing Implementation of Security Solutions to Boost Demand for Installation and Integration Services 9.6.2 Installation and Integration 9.6.3 Support and Maintenance 9.6.4 Access Control as a Service 9.6.4.1 Hosted ACaaS 9.6.4.2 Managed ACaaS 9.6.4.3 Hybrid ACaaS
10 Commercial Security System Market, by Vertical 10.1 Introduction 10.2 Commercial 10.2.1 Use of Security Systems Minimizes Risk of Any Security Breach in Any Space 10.3 Government 10.3.1 Demand from Governments of Various Countries to Restrict Unauthorized Entry and Safeguarding Its Assets 10.4 Transportation 10.4.1 Rise in Crimes and Vandalism-Related Threats Increases Need for Surveillance 10.5 Retail 10.5.1 Investing in Video Surveillance Cameras for Security Needs Provides Numerous Long-Term Benefits 10.6 Banking and Finance 10.6.1 Government Policies and Regulations to Drive Market Growth 10.7 Education 10.7.1 Fire Protection Systems Witnessing Rising Adoption in Educational and Academic Buildings 10.8 Industrial 10.8.1 Increase in Terror Threats and Incidents of Theft of Raw Materials Driving Need for Video Surveillance Systems 10.9 Energy and Utility 10.9.1 Real-Time Video Surveillance of Power Substations Provides Automatic Monitoring and Control Capabilities 10.10 Sports and Leisure 10.10.1 Video Surveillance - Invaluable Tool in Enhancing Safety of People and Facilities 10.11 Healthcare 10.11.1 Healthcare Increasingly Adopting Biometrics for Patient Identification, Patient Security, and Staff Attendance Tracking 10.12 Military & Defense 10.12.1 Access Control Widely Used in Military & Defense Vertical
11 Geographic Analysis 11.1 Introduction 11.2 North America 11.3 Europe 11.4 APAC 11.5 RoW
12 Competitive Landscape 12.1 Overview 12.2 Market Share Analysis: Commercial Security System Market 12.3 Revenue Analysis of Top 5 Players in Commercial Security System Market 12.4 Company Evaluation Matrix 12.4.1 Stars 12.4.2 Emerging Leaders 12.4.3 Pervasive 12.4.4 Participants 12.5 Startup/SME Evaluation Matrix, 2020 12.5.1 Progressive Companies 12.5.2 Responsive Companies 12.5.3 Dynamic Companies 12.5.4 Starting Blocks
13 Company Profiles 13.1 Key Players 13.1.1 Johnson Controls 13.1.2 Hikvision 13.1.3 Carrier 13.1.4 Honeywell International 13.1.5 Dahua Technology 13.1.6 Dormakaba Holding 13.1.7 Bosch Security Systems 13.1.8 ADT 13.1.9 Axis Communications 13.1.10 Secom 13.1.11 Assa Abloy 13.2 Right to Win 13.3 Other Players 13.3.1 Siemens 13.3.2 Halma 13.3.3 Hochiki Corporation 13.3.4 Flir Systems, Inc. 13.3.5 Allegion plc 13.3.6 Nortek Security and Control 13.3.7 Alarm.com 13.3.8 Avigilon 13.3.9 Dallmeier Electronic GmbH & Co. KG 13.3.10 Stanley Convergent Security Solutions, Inc. 13.3.11 Gunnebo AB 13.3.12 Control4 Corporation 13.3.13 Minimax Viking
14 Appendix 14.1 Insights from Industry Experts 14.2 Discussion Guide - Commercial Security System Market 14.3 Knowledge Store: The Subscription Portal 14.4 Available Customizations
For more information about this report visit https://www.researchandmarkets.com/r/kxd5sx
Media Contact:
Research and Markets Laura Wood, Senior Manager [email protected]
For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716
View original content:http://www.prnewswire.com/news-releases/the-worldwide-commercial-security-system-industry-is-expected-to-reach-342-6-billion-by-2026--301239778.html
SOURCE Research and Markets
[ Back To TMCnet.com's Homepage ]
|