Electronic Security Systems (ESS) Global Market Report 2022: Big Data & Edge Analytics for Video Surveillance to Revolutionize Performance
DUBLIN, Aug. 15, 2022 /PRNewswire/ -- The "Electronic Security Systems (ESS) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Electronic Security Systems (ESS) Market to Reach US$61.3 Billion by the Year 2026
Growth in the ESS market will be driven by the critical need to safeguard people, resources, and infrastructure amid escalating security concerns, and the convergence of IT and mobile technology with security systems.
Propelled by ever-increasing security concerns, demand for electronic security systems (ESS) such as alarms, electronic access controls systems (EACS) and CCTV and video surveillance systems, among others, is witnessing significant increase. Rise in terrorist attacks, vandalism, campus violence, and the resultant need for personal safety, and security at public places such as transits, city centers, educational institutions, as well as borders is driving growth in the ESS market.
Other factors responsible for the strong evolution of the market over the years include heightened levels of fear over security among individuals, stringent regulatory mandates, increase in new building constructions, and surging demand for technologically superior yet cost effective products. Rising focus on the development of smart cities in several countries across the world has been another major growth driver for the global market.
Video surveillance powered by big data is poised to find numerous takers across industries, including retail, where several companies are eying on security-focused video surveillance along with solution to monitor consumer behavior. The increasing proliferation of IoT-powered sensors that are driving huge data volumes is expected to impel companies in various industries to tap the data for understanding customers and securing assets. Big data-based surveillance is anticipated to transform industries with sophisticated security systems and critical assets.
Key Topics Covered:
2. FOCUS ON SELECT PLAYERS
4. GLOBAL MARKET PERSPECTIVE
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SOURCE Research and Markets