According to the latest report by IMARC Group, titled “Electronic Security Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the Electronic Security Market reached a value of US$ 36.43 Billion in 2020 and the market is expected to grow at a CAGR of 8.4% during 2021-2026.Electronic security stands for an integrated system of integrated electronic circuits that provide physical safety of an enclosed space. It utilizes numerous power and mechanical components, such as access control, fire alarms, closed-circuit television (CCTV) surveillance, and intrusion control systems. Electronics security also offers monitoring over the entry points and help in reducing property damages and inventory losses by taking on-time action.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Electronics Security Market Trends:
The elevating levels of urbanization, along with the increasing penetration of automated machinery across diverse industry verticals, are augmenting the global market for electronics security. Additionally, the rising incidences of property break-ins and thefts are also driving the installation of electronics security systems across residential and commercial sectors. Besides this, the growing focus of numerous government authorities on securing public transportation and infrastructures, such as water plants, power grids, pipelines, etc., is also propelling the demand for electronics security.
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Global Electronic Security Market Coverage and Segmentation 2021-2026:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Axis Communications (Canon Inc.), ADT Security Services Inc. (Apollo Global Management Inc.), Bosch Security Systems Inc., FLIR Systems Inc., Hitachi Ltd., Honeywell International Inc., IBM Corporation, Tyco International (Johnson Controls), Lockheed Martin Corporation, OSI Systems, Siemens AG, Thales Group, etc.
The report has segmented the market on the basis of region, product type, service type and end-use-sector.
Breakup by Product Type:
Surveillance System
Access Control System
Intrusion Detection System
Alarming System
Others
Breakup by Service Type:
Installation Services
Managed Services
Consulting Services
Breakup by End-Use Sector:
Government
Residential
Transportation
Banking
Hospitality
Healthcare
Retail
Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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