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On the basis of end-use industry, Security Solutions Market is segmented into retail, residential, commercial, transportation, BFSI and education

Author : Ronak Bora | Published Date : 2019-03-21 

North America is expected to dominate the global security solutions market. Most of the residential and commercial buildings in this region are equipped with fire protection systems, owing to stringent fire and safety protection norms. Several manufacturers in this region offer different systems such as flame detectors, fire detectors, sprinklers, heat detectors, fire alarms, extinguishers, sirens, fire analysis software, and control panels & interfaces.

Asia Pacific is anticipated to be the region of the fastest growth owing to high infrastructure growth in railways, airports, and highways. Strong growth in banking and financial services is expected to provide ample growth opportunities for security solutions market for the next eight years.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

  • ASSA ABLOY AB
  • Zhejiang Dahua Technology Co., Ltd.
  • Bosch Security Systems
  • Axis Communications AB
  • Honeywell International, Inc.
  • Stanley Security Solutions
  • Tyco International Ltd.
  • SECOM Co., Ltd.
  • UTC Fire & Security
  • Hikvision Digital Technology Co., Ltd.
  • ADT Corp.
  • Alarm.com
  • Nortek Security & Control LLC.
  • Godrej & Boyce Manufacturing Company Ltd.
  • Ingersoll Rand Solutions
  • Allegion
  • Control4

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The security solutions market is segmented on the basis of the type of solutions and the end-use industry. The system, by type, is classified into products and services. The products include fire protection, thermal cameras, video surveillance, wireless systems, access control, intruder alarms, and entrance control. The services include security systems integration, access control services, remote monitoring, video surveillance, and fire protection services.

On the basis of end-use industry, the security solutions market is segmented into retail, residential, commercial, transportation, BFSI, education, government, industrial, healthcare, and energy & utilities. The commercial end-use segment is expected to hold the largest market share, owing to increasing instances of theft of physical and data/information property and the growing need to protect people & property. The corporate organizations are increasingly investing in these systems to protect employees and sensitive data. For instance, biometric or access control systems are used in server rooms of large corporations that deal with critical & sensitive data.

Fire protection systems segment is anticipated to lead the security solutions market during the forecast time frame. Some of the major systems included under this type are sprinklers, fire alarms, and extinguishers. Increasing use of fire protection systems in residential and industrial buildings is expected to drive the market. Roving patrol systems are a preferred option to provide security to vast stretches of land such as huge housing societies or large manufacturing companies. These systems are economical and provide visible presence, GPRS tracking, quick response, and active patrolling.

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Some of the key security solutions market participants include ASSA ABLOY AB, Zhejiang Dahua Technology Co., Ltd., Bosch Security Systems, Axis Communications AB, Honeywell International, Inc., Stanley Security Solutions, Tyco International Ltd., SECOM Co., Ltd., UTC Fire & Security, Hikvision Digital Technology Co., Ltd., ADT Corp., Alarm.com, Nortek Security & Control LLC., Godrej & Boyce Manufacturing Company Ltd., Ingersoll Rand Solutions, Allegion, and Control4.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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