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Press Release / Sports / Some of the Major Growth Strategies Followed by Key Players in the Commercial Security Market

Some of the Major Growth Strategies Followed by Key Players in the Commercial Security Market

By mandar on April 15 2019 | 98 Views

The global commercial security market is expected to reach approximately USD 187 billion by the end of 2023 with 10% CAGR during forecast period 2017-2023.

The report gives the clear picture of current Commercial Security Market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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Key Players

The key players in the global commercial security market include Honeywell International, Inc. (U.S.), Tyco International Ltd (U.S.), Bosch Security Systems (Germany), ASSA ABLOY AB (Sweden), Allegion (U.S.), Control4 (U.S.), UTC Fire & Security (U.S.), Godrej & Boyce Manufacturing Company Limited (India), Nortek Security and Control (U.S.), ADT Security Services (U.S.), United Technologies Corporation (U.S.) among others.

Market Highlights:

The global commercial security market is expected to grow significantly over the forecast period, 2018-2023. Access control management of commercial security market globally drives the market. The market is expected to have higher growth rate as compared to the previous years. Commercial Security Solutions Market Research Report 2018 - Global Industry analysis by Key Companies, Type, Application, Market Share, Growth Rate, and Key Country forecast to 2023.

Increasing demand for IP cameras by various sectors, technological advancements in extinguishers and sprinklers, the adoption of data driven solutions such as analytics and increasing demand for wireless technology are expected to boost the market over the forecast period, 2017-2023.

Commercial security is basically an electronic device which takes care of security and safety of various sectors such as healthcare, retail, banking and finance among others. It is a combination of various input and output devices. Input devices include sensors and actuators. On the other side, output includes alarms and hooters.

For instance, manufacturers such as Bosch Security Solutions and Tyco Security products offer various solutions detect changes in sound, heat and it automatically sends an alert to the industries. Also, factors such as emergence of internet of things and bring your own device are expected to drive the market over the forecast period, 2017-2023.

Security solutions are of two type residential and commercial. Commercial security system is basically an electronic device which is connected with wireless technology to protect the property.

The growing demand for security solutions to protect individuals as well as property from threats, increasing consumer awareness & security concerns, adoption of internet of things based security systems and various government regulations are boosting the overall commercial security market. Also, the technological developments in video surveillance and access control management are expected to boost the market over the forecast period, 2017-2023.

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Commercial Security Market:

According to Market Research Future, market has been segmented into product, type, end-users and region.

On the basis of product, the market has been bifurcated into smart locks, sensors, security alarms and security cameras. Out of these product, security cameras accounted for the largest market share, majorly due to technological innovations such as rechargeable batteries and wireless connectivity. Also, the increasing demand for IP based cameras is expected to boost the market over the forecast period, 2017-2023.

On the basis of end-users, retail segment accounted for the largest market share majorly due to the increasing adoption of security solutions by retailers to enhance the level of access control to prevent theft, to protect employees & retailers from violence and harassment within the premises. Also, increasing usage of smart locks and security cameras in this sector will boost the overall commercial security market over the forecast period, 2017-2023.

Market Research Future Analysis:

North America region accounted for the largest market share because of the technological advancements, increasing demand for safety of data and the willingness to pay for security systems. For instance, Security systems North America provides various solutions such as video systems for protection of an organizations data and their employees. Also, most commercial building structures in North-America are fitted with fire protection systems to ensure safety regulations in this region.

Also, over the forecast period the Asia-Pacific region is expected to grow due to the growth of new technological solutions in the developing nations such as China and India.

Regional Analysis-
Regionally, North-America accounted for the largest market share, increased adoption of new technological solutions, and cost of such equipment is low and also the introduction of various types of new IP based cameras.

However, Asia-Pacific region is expected to grow over the forecast period, 2017-2023. The reason is attributed to the growth of the developing countries, manufacturing hub, growing security concerns and the availability of new technological solutions.

TABLE OF CONTENTS

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE

2 RESEARCH METHODOLOGY

2.1 RESEARCH TYPE

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION

Continued…

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LIST OF TABLES

TABLE 1 COMMERCIAL SECURITY MARKET, BY PRODUCT

TABLE 2 COMMERCIAL SECURITY MARKET, BY TYPE

TABLE 3 COMMERCIAL SECURITY MARKET, BY END-USERS

Continued…

LIST OF FIGURES

FIGURE 1 RESEARCH METHODOLOGY

FIGURE 2 COMMERCIAL SECURITY MARKET, BY PRODUCT (%)

FIGURE 3 COMMERCIAL SECURITY MARKET, BY TYPE (%)

Continued…

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.

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Email: sales@marketresearchfuture.com



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