The North America Commercial Security System Market should witness market growth of 6.8% CAGR during the forecast period (2023-2030).
Commercial security system offers services, including remote status alerts and management, access control, video surveillance, fire, heat, water, and entry alarms, energy management of HVAC systems (heating, ventilation, and air conditioning), control lighting, and power on/off and designated equipment. Video surveillance software is gaining significant traction in the region due to the increased adoption of IP cameras and the development of new IP-based digital technologies to identify and prevent undesirable behaviors like theft, vandalism, and terrorism.
Modern advancements enable users to operate hundreds of cameras from any place using a cell phone, allowing them to respond swiftly to threats without wasting time traveling across the town. Video surveillance is unique in its ability to provide evidence-based insight into various aspects of corporate operations, such as retail loss prevention, workplace safety compliance initiatives, and more. It also delivers ease of mind regarding the security of crucial company assets.
Technological advances in cameras, sensors, and robotics in the region have enabled improvements in security systems. Homes, businesses, and public spaces are now better protected as a result. Ultra-high-resolution cameras with built-in AI are becoming increasingly common on sensors. They no longer only respond to motion-based activities. These security systems can recognize people by their faces, whether they are inside a house or an office. Additionally, the North American region is soon anticipated to see faster-than-average growth in the investigation and security services sector. With a larger need for security equipment installed in homes and businesses, employment in the security systems services sector will rise. This widespread use of surveillance systems would lead to an increase in the market.
The US market dominated the North America Commercial Security System Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $93,383.5 million by 2030. The Canada market is exhibiting a CAGR of 9.2% during (2023-2030). Additionally, The Mexico market should witness a CAGR of 8.3% during (2023-2030).
Based on Vertical, the market is segmented into Commercial, Retail, Government & Defense, Healthcare & Lifesciences, Banking & Finance, Energy & Power, Transportation & Logistics, Industrial, Education and Others. Based on Offering, the market is segmented into Hardware (Fire Protection System, Video Surveillance, Access Control System and Others), Software (Video Surveillance Software, Fire Analysis Software and Access Control Software) and Services (Security System Integration Services, Remote Monitoring Services, Fire Protection Services, Video Surveillance Services and Access Control Services). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International PLC, Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International, Inc., Zhejiang Dahua Technology Co., Ltd., Dormakaba Holding AG, Bosch Security Systems GmbH (Robert Bosch GmbH), Canon, Inc. (Axis Communications, AB), Secom Co. Ltd., Assa Abloy AB and ADT, Inc.
Commercial security system offers services, including remote status alerts and management, access control, video surveillance, fire, heat, water, and entry alarms, energy management of HVAC systems (heating, ventilation, and air conditioning), control lighting, and power on/off and designated equipment. Video surveillance software is gaining significant traction in the region due to the increased adoption of IP cameras and the development of new IP-based digital technologies to identify and prevent undesirable behaviors like theft, vandalism, and terrorism.
Modern advancements enable users to operate hundreds of cameras from any place using a cell phone, allowing them to respond swiftly to threats without wasting time traveling across the town. Video surveillance is unique in its ability to provide evidence-based insight into various aspects of corporate operations, such as retail loss prevention, workplace safety compliance initiatives, and more. It also delivers ease of mind regarding the security of crucial company assets.
Technological advances in cameras, sensors, and robotics in the region have enabled improvements in security systems. Homes, businesses, and public spaces are now better protected as a result. Ultra-high-resolution cameras with built-in AI are becoming increasingly common on sensors. They no longer only respond to motion-based activities. These security systems can recognize people by their faces, whether they are inside a house or an office. Additionally, the North American region is soon anticipated to see faster-than-average growth in the investigation and security services sector. With a larger need for security equipment installed in homes and businesses, employment in the security systems services sector will rise. This widespread use of surveillance systems would lead to an increase in the market.
The US market dominated the North America Commercial Security System Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $93,383.5 million by 2030. The Canada market is exhibiting a CAGR of 9.2% during (2023-2030). Additionally, The Mexico market should witness a CAGR of 8.3% during (2023-2030).
Based on Vertical, the market is segmented into Commercial, Retail, Government & Defense, Healthcare & Lifesciences, Banking & Finance, Energy & Power, Transportation & Logistics, Industrial, Education and Others. Based on Offering, the market is segmented into Hardware (Fire Protection System, Video Surveillance, Access Control System and Others), Software (Video Surveillance Software, Fire Analysis Software and Access Control Software) and Services (Security System Integration Services, Remote Monitoring Services, Fire Protection Services, Video Surveillance Services and Access Control Services). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International PLC, Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International, Inc., Zhejiang Dahua Technology Co., Ltd., Dormakaba Holding AG, Bosch Security Systems GmbH (Robert Bosch GmbH), Canon, Inc. (Axis Communications, AB), Secom Co. Ltd., Assa Abloy AB and ADT, Inc.
Scope of the Study
By Vertical
- Commercial
- Retail
- Government & Defense
- Healthcare & Lifesciences
- Banking & Finance
- Energy & Power
- Transportation & Logistics
- Industrial
- Education
- Others
By Offering
- Hardware
- Fire Protection System
- Video Surveillance
- Access Control System
- Others
- Software
- Video Surveillance Software
- Fire Analysis Software
- Access Control Software
- Services
- Security System Integration Services
- Remote Monitoring Services
- Fire Protection Services
- Video Surveillance Services
- Access Control Services
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Johnson Controls International PLC
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Honeywell International, Inc.
- Zhejiang Dahua Technology Co., Ltd.
- Dormakaba Holding AG
- Bosch Security Systems GmbH (Robert Bosch GmbH)
- Canon, Inc. (Axis Communications, AB)
- Secom Co. Ltd.
- Assa Abloy AB
- ADT, Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. North America Commercial Security System Market by Vertical
Chapter 5. North America Commercial Security System Market by Offering
Chapter 6. North America Commercial Security System Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Johnson Controls International PLC
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Honeywell International, Inc.
- Zhejiang Dahua Technology Co., Ltd.
- Dormakaba Holding AG
- Bosch Security Systems GmbH (Robert Bosch GmbH)
- Canon, Inc. (Axis Communications, AB)
- Secom Co. Ltd.
- Assa Abloy AB
- ADT, Inc.
Methodology
LOADING...
