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Global Security Solutions Market Report Size, Trends & Growth Opportunity, By End Use Industry, By Product Type, By Application, By Region: Forecast till 2027

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    Report

  • February 2022
  • Region: Global
  • Qualiket Research
  • ID: 5548500
Global Security Solutions Market Report Size, Trends & Growth Opportunity, By End Use Industry, By Product Type, By Application, By Region and forecast till 2027

Global Security Solutions Market

The Global Security Solutions Market was valued at USD 252.77 Billion in 2020 and is projected to reach USD 526.65 Billion by 2027, growing at a CAGR of 9.9% from 2020 to 2027.

Security solutions avoid unofficial access and are substantial tools to ensure security of people by stopping thefts and other crime related mis happenings and they provide state-of-the-art security systems which are used in many applications like remote monitoring, audio-visual surveillance, fire alarm systems for fire accidents, and security system integration for physical security by entrance control, emergency notification, video surveillance and intrusion among others.

Market Drivers

Crucial factors which are contributing to the growth of the security solutions market are rising crime rates and terrorist activities worldwide, growing consumer awareness and security concerns and readiness to pay for security systems, speedy development in wireless technologies for fire detection, and escalating demand for do-it-yourself and spy cameras.

Moreover, the government levies some laws on the organisation to maintain a proper security solution and the organisation needs to meet the mandatory security standards. This government initiative is another main market driving factor.

Market Restraints

The key factor that restraints the growth of the security solutions market is the cost of installing security services which is expensive.

The lack of awareness about quality security solutions is also a market restraining factor for the growth of the market.

Market Segmentation

Security Solutions Market sis segmented into major 4 categories. Based on Product Type, the market is segmented into Wireless Systems, Access Control, Video Surveillance, Entrance Control, Intruder Alarms, Fire Protection, Thermal Cameras and Others. Based on Application, the market is segmented into Remote Monitoring, Video Monitoring, Fire Protection, Security System Integration and Others. Based on End Use Industry, the market is segmented into Residential, Government, Commercial, Transportation, Defense, Retail, Industries, Sports, Education, Healthcare, Banking and Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.

Regional Analysis

The Americas is anticipated to hold the highest share of the security solutions market throughout the forecast period because of the America is one of the early adopters of security technologies like access control, video surveillance, and fire protection system, among others.

Asia pacific is the fast-growing region of the security solutions market due to the increasing crime rate, the speedy growth of infrastructure and organisations.

Market Key Players

Some of the key players operating in Global Security Solutions Market are Bosch Security systems, UTC fire and security, Honeywell International Inc., Hangzhou Hikvision Digital Technology Co., Ltd., Secom Co., ltd., Alarm.com, Allegion plc, Control4 Corporation, Tyco International plc, ASSA ABLOY AB.

Industry development

Bosch Building Technologies, Hanwha Techwin, Milestone Systems, Pelco, and Vivotek Inc. jointly established the Open Security & Safety Alliance, Inc. The alliance provided a common platform for security and safety solutions.

Honeywell Launched Maxpro® Cloud Integrated Security Platform In Europe. Designed Specifically For SMB Customers
Frequently Asked Questions about the Global Security Solutions Market

What is the estimated value of the Global Security Solutions Market?

The Global Security Solutions Market was estimated to be valued at $24.3 Billion in 2020.

What is the growth rate of the Global Security Solutions Market?

The growth rate of the Global Security Solutions Market is 6.2%, with an estimated value of $37 Billion by 2027.

What is the forecasted size of the Global Security Solutions Market?

The Global Security Solutions Market is estimated to be worth $37 Billion by 2027.

Who are the key companies in the Global Security Solutions Market?

Key companies in the Global Security Solutions Market include Bosch Security systems, UTC fire and security, Honeywell International Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Secom Co. Ltd., Alarm.com, Allegion plc, Control4 Corporation and ASSA ABLOY AB..

Table of Contents

1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Security Solutions Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Security Solutions Market, By End Use Industry
5.1 Y-o-Y Growth Comparison, By End Use Industry
5.2 Security Solutions Market Share Analysis, By End Use Industry
5.3 Security Solutions Market Size and Forecast, By End Use Industry
5.3.1 Residential
5.3.2 Government & Defense
5.3.3 Commercial & Transportation
5.3.4 Retail
5.3.5 Sports & Education
5.3.6 Healthcare
5.3.7 Banking
5.3.8 Others
6 Security Solutions Market, By Product Type
6.1 Y-o-Y Growth Comparison, By Product Type
6.2 Security Solutions Market Share Analysis, By Product Type
6.3 Security Solutions Market Size and Forecast, By Product Type
6.3.1 Wireless Systems
6.3.2 Access Control
6.3.3 Video Surveillance
6.3.4 Entrance Control
6.3.5 Intruder Alarms
6.3.6 Fire Protection
6.3.7 Thermal Cameras
6.3.8 Others
7 Security Solutions Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Security Solutions Market Share Analysis, By Application
7.3 Security Solutions Market Size and Forecast, By Application
7.3.1 Remote Monitoring
7.3.2 Video Monitoring
7.3.3 Fire Protection
7.3.4 Security System Integration
7.3.5 Others
8 Security Solutions Market, By Region
8.1 Security Solutions Market Share Analysis, By Region
8.2 Security Solutions Market Share Analysis, By Region
8.3 Security Solutions Market Size and Forecast, By Region
9 North America Security Solutions Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Security Solutions Market Share Analysis, By End Use Industry
9.3 North America Security Solutions Market Size and Forecast, By Product Type
9.4 North America Security Solutions Market Size and Forecast, By Application
9.5 North America Security Solutions Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Security Solutions Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Security Solutions Market Share Analysis, By End Use Industry
10.3 Europe Security Solutions Market Size and Forecast, By Product Type
10.4 Europe Security Solutions Market Size and Forecast, By Application
10.5 Europe Security Solutions Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Security Solutions Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Security Solutions Market Share Analysis, By End Use Industry
11.3 Asia Pacific Security Solutions Market Size and Forecast, By Product Type
11.4 Asia Pacific Security Solutions Market Size and Forecast, By Application
11.5 Asia Pacific Security Solutions Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Security Solutions Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Security Solutions Market Share Analysis, By End Use Industry
12.3 Latin America Security Solutions Market Size and Forecast, By Product Type
12.4 Latin America Security Solutions Market Size and Forecast, By Application
12.5 Latin America Security Solutions Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Security Solutions Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Security Solutions Market Share Analysis, By End Use Industry
13.3 Middle East Security Solutions Market Size and Forecast, By Product Type
13.4 Middle East Security Solutions Market Size and Forecast, By Application
13.5 Middle East Security Solutions Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Bosch Security systems
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 UTC fire and security
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Honeywell International Inc.
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Hangzhou Hikvision Digital Technology Co., Ltd.
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Secom Co., ltd.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Alarm.com
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Allegion plc
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Control4 Corporation
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Tyco International plc
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 ASSA ABLOY AB
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies

Companies Mentioned

  • Bosch Security systems
  • UTC fire and security
  • Honeywell International Inc.
  • Hangzhou Hikvision Digital Technology Co. Ltd.
  • Secom Co. Ltd.
  • Alarm.com
  • Allegion plc
  • Control4 Corporation
  • Tyco International plc
  • ASSA ABLOY AB.