Free Press Release
Create Free Account! Members Login
Art & Entertainment Automotive Blogging & Social Media Business Computer Design Education Environment Events / Trade Shows Games & Entertainment Government Health and Fitness Home & Family Industry Legal / Law Lifestyle News & Society Politics Religion Sports Technology Web sites / Internet

Press Release / Technology / Commercial Security Market 2019 Analysis, Growth, Trends, Opportunities and Forecast To 2023

Commercial Security Market 2019 Analysis, Growth, Trends, Opportunities and Forecast To 2023

By mandar on June 04 2019 | 169 Views

The global commercial security market is anticipated to experience a CAGR of 10% from 2019 to 2023 (forecast period), as per the latest report by Market Research Future (MRFR).

Commercial Security Market- Scope

The global commercial security market is anticipated to experience a CAGR of 10% from 2019 to 2023 (forecast period), as per the latest report by Market Research Future (MRFR).

global commercial security market It can touch a size of USD 187 billion by 2023. Commercial security entails several measures to protect commercial premises. Firms specializing in these services can provide systems according to the size of the firm or physical layout.

Get Sample of Commercial Security Market Report @ https://www.marketresearchfuture.com/sample_request/2861

Security concerns among large, mid, and small enterprises is the primary driver of the commercial security market. Increasing adoption of technology-driven solutions such as CCTV cameras and analytics are likely to bolster market demand over the forecast period. High risk of theft and need to ensure safety to employees are other factors which can play a major role in the market.

Access control systems are being installed in malls, shopping centers, and other buildings to ensure the safety of employees. Detection and response approaches integrated into company policies to tackle untoward incidents can offer an opportunity for the commercial security market to expand successfully. India and the Middle East are at the forefront of this trend with firms enlarging their enterprise security budgets.

Commercial Security Market - Segmentation Analysis

The commercial security market is segmented by product, solution, and end-user.

By product, the market is segmented into smart locks, security cameras, security alarms, and sensors. The security cameras segment is projected to augur exceptionally in the market till 2023. Their use in ATMs to prevent theft or cases of violence in malls are expected to propel the segment revenue to new heights.

By solution, the market is segmented into surveillance system, access control management, and intruder alarms. The surveillance system segment is expected to exhibit a strong CAGR over the forecast period owing to high demand for closed-circuit television (CCTV) cameras. Adoption of advance surveillance methods owing to their easy installation and cost-effectiveness is expected to encourage segment growth.

End-users of commercial security include retail, banking, healthcare, and others. The banking segment is touted to be the biggest end-user owing to possessing sensitive documents and liquid assets. Malware threats and rise of cybercrimes can lead to adoption of tough security measures to curtail hacking attempts.

Commercial Security Market - Competitive Landscape

Notable players in the commercial security market include ADT Security Services, Bosch Security Systems, Allegion, Godrej & Boyce Manufacturing Company Limited, United Technologies Corporation, ASSA ABLOY AB, Nortek Security and Control, Honeywell International, Inc., UTC Fire & Security, Control4, Tyco International Ltd, and others.

Acquisitions and investments in R&D are primary strategies of these players to gain a larger market share. In October 2018, ADT decided to acquire Red Hawk Fire & Security to increase its product lineup. The acquisition will create additional profit margins for the company and strengthen its position in the commercial security market.

Browse Full Commercial Security Market Report Details @ https://www.marketresearchfuture.com/reports/commercial-security-market-2861

Commercial Security Market - Regional Analysis

North America accounted for a large market share in 2017. It can continue its reign over the commercial security market owing to rapid adoption of latest technologies and low cost of equipment. Furthermore, introduction of IP cameras to track unusual activity and protect physical assets are likely to accrue high revenue for the market regionally. Rise in cybercrimes can act as a strong catalyst in the region.

The Asia Pacific (APAC) market is predicted to grow at a robust pace over the forecast period owing to new construction and renovation projects. Economic growth of developing nations coupled with China and India emerging as manufacturing hubs are expected to further the regional commercial security market.

Within Rest-of-the-World (RoW), the Middle East can generate a significant portion of revenue for the commercial security market till 2023. In 2018, Saudi Arabia invested close to USD 4.5 billion in commercial security to protect critical assets. Increased budget of governments to protect public infrastructure and imposition of strict policies emphasizing on safety are expected to bolster market demand.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com



Latest Exclusive Press Release
Asterisk Service Introduces WebRTC Video Conferencing for Enterprises
Managed DNS Services Market 2019-2025: Key Findings, Regional Study, Upcoming Trends, Growth, Segments, Top Key Players Profiles and Future Prospects
Knowledge Management Software Market Research Report by Forecast to 2023
Global Indoor Positioning and Indoor Navigation (IPIN) Market Study by Goldstein Research
Large Format Printer Market : Industry Trends , Market Size , Printing Technology - 2025
Popular Press Release
Zeng Fanzhi Parcours Exhibition 2016 in Beijing
Home Ministry’s Population Register Worse than Prisoner Identification
Feel-planet.com Has Made It Possible to Discover the Wonders of the World Online
Best Web Hosting Service in India
First Time Home Buyers Tax Credits STILL Available For Troops!


Art & Entertainment Automotive Blogging & Social Media Business
Computer Design Education Environment
Events / Trade Shows Games & Entertainment Government Health and Fitness
Home & Family Industry Legal / Law Lifestyle
News & Society Politics Religion Sports
Technology Web sites / Internet