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Global Commercial Security System Market by Type (Access Control System, Entrance Control System, Fire Protection System), Product Type (Hardware, Services, Software), Operation, Vertical - Forecast 2023-2030

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  • 187 Pages
  • March 2024
  • Region: Global
  • 360iResearch™
  • ID: 5639812
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The Commercial Security System Market size was estimated at USD 244.51 billion in 2022, USD 266.79 billion in 2023, and is expected to grow at a CAGR of 10.30% to reach USD 536.04 billion by 2030.

Commercial security systems provide real-time monitoring and surveillance through alarm systems and security cameras. Commercial security systems assist the end-users in identifying safety issues, deterring criminal behavior, and protecting assets from intruders. The growing need for security and surveillance to prevent fraudulent activities is accelerating the deployment of commercial security systems in retail. The surge in commercial infrastructure projects and the implementation of stringent fire protection regulations are expanding the use of commercial security systems worldwide. However, the high installation cost and concerns regarding cybersecurity threats may impede their adoption by the end-use sectors. Moreover, the ongoing advancements and rapid adoption of autonomous security systems, along with the rising implementation of smart city projects, are expected to encourage the deployment of commercial security systems to monitor assets worldwide.

Regional Insights

Americas represents a highly developing and innovative commercial security systems market owing to the rising concerns associated with theft and fraudulent activities, increasing smart city initiatives, and the introduction of advanced commercial security solutions. Increasing government involvement in encouraging the adoption of video and alarm-based surveillance systems in commercial infrastructure due to the growing security concerns is encouraging the deployment of commercial security systems in the EMEA region. Security surveillance hardware, software, and services are widely used in European public and commercial sectors. The growing awareness regarding the availability and multifaceted benefits of commercial security systems and the rapid adoption of advanced technologies to monitor assets across BFSI, education, retail, and healthcare sector are increasing the deployment of commercial security systems in the APAC region. Moreover, rising spending on security solutions and government initiatives toward developing advanced security systems and ongoing improvements to enhance surveillance are expected to encourage the growth of commercial security systems worldwide.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Commercial Security System Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Commercial Security System Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Commercial Security System Market, highlighting leading vendors and their innovative profiles. These include Abus August Bremicker Sohne KG, ADT Inc., Allegion PLC, Assa Abloy AB, Atlas Ontario LP, Axis Communications AB, Carrier Global Corporation, dormakaba International Holding AG, Genetec Inc., Godrej & Boyce Manufacturing Company Limited, Halma PLC, Hangzhou Hikvision Digital Technology Co., Ltd., Hanwha Group, Hochiki Corporation, Honeywell International Inc., IDEMIA Identity & Security USA LLC, IDIS Inc., Johnson Controls International PLC, LG Electronics Inc., Lorex Corporation, Napco Security Technologies, Inc., NewVision Security, Optex Co., Ltd., Panasonic Corporation, Paxton Access Ltd., Phillips Pro Systems, LLC, Robert Bosch GmbH, SAMSUNG ELECTRONICS CO., LTD., Sanyo Denki Group, Schneider Electric SE, SDG Security & Fire, Secom Co., Ltd., Securitas AB, Siemens AG, SimpliSafe, Inc., Sony Group Corporation, Swann Communications Ltd., Tattletale, Teledyne Technologies Inc., Vector Security, Vivint, Inc., VIVOTEK Inc., and Zhejiang Dahua Technology Co., Ltd.

Market Segmentation & Coverage

This research report categorizes the Commercial Security System Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • Access Control System
    • Entrance Control System
    • Fire Protection System
    • Video Surveillance
  • Product Type
    • Hardware
      • Accessories
      • Camera
      • Sensors & Monitor
      • Storage
    • Services
      • Consulting Services
      • Maintenance Services
      • Professional Services
    • Software
  • Operation
    • Exits & Entrances
    • Indoor
    • Outdoor
    • Points of Sale
    • Secluded or Remote Areas
  • Vertical
    • Banking & Finance
    • Commercial
    • Education
    • Energy & Utility
    • Government
    • Healthcare
    • Industrial
    • Retail
    • Sports & Leisure
    • Transportation
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Georgia
        • Illinois
        • Kentucky
        • Michigan
        • Mississippi
        • New Jersey
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

  1. What is the market size and forecast of the Commercial Security System Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Commercial Security System Market?
  3. What are the technology trends and regulatory frameworks in the Commercial Security System Market?
  4. What is the market share of the leading vendors in the Commercial Security System Market?
  5. Which modes and strategic moves are suitable for entering the Commercial Security System Market?

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Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Commercial Security System Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Rising need for security and surveillance across the retail sector
5.1.1.2. Growing number of commercial construction projects
5.1.1.3. Accelerating implementation of stringent fire protection-related regulations
5.1.2. Restraints
5.1.2.1. High costs of installation and ownership of security system
5.1.3. Opportunities
5.1.3.1. Rising adoption of autonomous security systems
5.1.3.2. Growing government funding for developing smart cities and employing city surveillance solutions
5.1.4. Challenges
5.1.4.1. Concerns related to footage quality, false alarm, and cybersecurity threats
5.2. Market Segmentation Analysis
5.2.1. Type: Rising deployment of advanced video surveillance systems for continuous monitoring of premises for enhanced security measures
5.2.2. Product Type: Increasing popularity of next-generation software security systems to safeguard lives and assets from potential hazards
5.2.3. ??Operation: Growing adoption of outdoor surveillance solutions with multispectral imaging and analytics
5.2.4. Vertical: Higher demand to protect sensitive information and maintain public safety in government institutions
5.3. Market Trend Analysis
5.3.1. Presence of well-established players with the increasing introduction of advanced commercial security systems in Americas
5.3.2. Rising deployment of security systems in the commercial sector and increasing digitalization in the Asia-Pacific region
5.3.3. Growing market potential owing to increasing security spending, and government initiatives toward developing advanced commercial security systems
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Commercial Security System Market, by Type
6.1. Introduction
6.2. Access Control System
6.3. Entrance Control System
6.4. Fire Protection System
6.5. Video Surveillance
7. Commercial Security System Market, by Product Type
7.1. Introduction
7.2. Hardware
7.3.1. Accessories
7.3.2. Camera
7.3.3. Sensors & Monitor
7.3.4. Storage
7.3. Services
7.4.1. Consulting Services
7.4.2. Maintenance Services
7.4.3. Professional Services
7.4. Software
8. Commercial Security System Market, by Operation
8.1. Introduction
8.2. Exits & Entrances
8.3. Indoor
8.4. Outdoor
8.5. Points of Sale
8.6. Secluded or Remote Areas
9. Commercial Security System Market, by Vertical
9.1. Introduction
9.2. Banking & Finance
9.3. Commercial
9.4. Education
9.5. Energy & Utility
9.6. Government
9.7. Healthcare
9.8. Industrial
9.9. Retail
9.10. Sports & Leisure
9.11. Transportation
10. Americas Commercial Security System Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Commercial Security System Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Commercial Security System Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
13.3.1. Merger & Acquisition
13.3.1.1. Pye-Barker Fire & Safety Advances in California, Adds Alarm Service in Palm Desert with Acquisition of AMSconnect
13.3.1.2. GTCR Partners with Former GTCR Executives to Acquire ADT's Commercial Fire and Security Segment
13.3.1.3. Halma Expands in the Fire Safety Sector with Acquisition.
13.3.1.4. Johnson Controls Acquired Security Systems Firm.
13.3.1.5. Allegion bought Stanley Access Technologies For USD 900 Million.
13.3.1.6. Carrier Completed USD 3.1Billion Sale of Chubb Fire & Security to APi Group Corp.
13.3.2. Agreement, Collaboration, & Partnership
13.3.2.1. Genetec and Axis Communications transform physical access control with introduction of Axis Powered by Genetec
13.3.2.2. SecuriThings Partnered with Axis Communications to Simplify and Improve the Management of Physical Security Device
13.3.3. New Product Launch & Enhancement
13.3.3.1. Johnson Controls launched new IQ Pro Hybrid Security Panel, adding flexibility to intrusion protection
13.3.3.2. ADT Commercial’s EvoGuard Brand to Offer Humanoid & Drone Guarding Solutions
13.3.3.3. Oosto Upgraded Vision AI Platform, Launched Access Terminal
13.3.3.4. Sony Boosts Sensitivity & Image Stability With New Camera
13.3.3.5. Lorex Technology Launches 4K Wi-Fi Security Camera
13.3.3.6. Bosch Security released Access Management System 4.0 & Building Integration System 4.9.1
13.3.4. Investment & Funding
13.3.4.1. SkySafe Raised USD 30 Million Series B to Scale Drone Defense and Airspace Security System for Commercial Drone Adoption
13.3.5. Award, Recognition, & Expansion
13.3.5.1. Snap One Entered Distribution Agreement With Ness Corporation
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. Abus August Bremicker Sohne KG
14.1.2. ADT Inc.
14.1.3. Allegion PLC
14.1.4. Assa Abloy AB
14.1.5. Atlas Ontario LP
14.1.6. Axis Communications AB
14.1.7. Carrier Global Corporation
14.1.8. dormakaba International Holding AG
14.1.9. Genetec Inc.
14.1.10. Godrej & Boyce Manufacturing Company Limited
14.1.11. Halma PLC
14.1.12. Hangzhou Hikvision Digital Technology Co., Ltd.
14.1.13. Hanwha Group
14.1.14. Hochiki Corporation
14.1.15. Honeywell International Inc.
14.1.16. IDEMIA Identity & Security USA LLC
14.1.17. IDIS Inc.
14.1.18. Johnson Controls International PLC
14.1.19. LG Electronics Inc.
14.1.20. Lorex Corporation
14.1.21. Napco Security Technologies, Inc.
14.1.22. NewVision Security
14.1.23. Optex Co., Ltd.
14.1.24. Panasonic Corporation
14.1.25. Paxton Access Ltd.
14.1.26. Phillips Pro Systems, LLC
14.1.27. Robert Bosch GmbH
14.1.28. SAMSUNG ELECTRONICS CO., LTD.
14.1.29. Sanyo Denki Group
14.1.30. Schneider Electric SE
14.1.31. SDG Security & Fire
14.1.32. Secom Co., Ltd.
14.1.33. Securitas AB
14.1.34. Siemens AG
14.1.35. SimpliSafe, Inc.
14.1.36. Sony Group Corporation
14.1.37. Swann Communications Ltd.
14.1.38. Tattletale
14.1.39. Teledyne Technologies Inc.
14.1.40. Vector Security
14.1.41. Vivint, Inc.
14.1.42. VIVOTEK Inc.
14.1.43. Zhejiang Dahua Technology Co., Ltd.
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing
List of Figures
FIGURE 1. COMMERCIAL SECURITY SYSTEM MARKET RESEARCH PROCESS
FIGURE 2. COMMERCIAL SECURITY SYSTEM MARKET SIZE, 2022 VS 2030
FIGURE 3. COMMERCIAL SECURITY SYSTEM MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. COMMERCIAL SECURITY SYSTEM MARKET SIZE, BY REGION, 2022 VS 2030 (%)
FIGURE 5. COMMERCIAL SECURITY SYSTEM MARKET SIZE, BY REGION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 6. COMMERCIAL SECURITY SYSTEM MARKET DYNAMICS
FIGURE 7. COMMERCIAL SECURITY SYSTEM MARKET SIZE, BY TYPE, 2022 VS 2030 (%)
FIGURE 8. COMMERCIAL SECURITY SYSTEM MARKET SIZE, BY TYPE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 9. COMMERCIAL SECURITY SYSTEM MARKET SIZE, BY PRODUCT TYPE, 2022 VS 2030 (%)
FIGURE 10. COMMERCIAL SECURITY SYSTEM MARKET SIZE, BY PRODUCT TYPE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 11. COMMERCIAL SECURITY SYSTEM MARKET SIZE, BY OPERATION, 2022 VS 2030 (%)
FIGURE 12. COMMERCIAL SECURITY SYSTEM MARKET SIZE, BY OPERATION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 13. COMMERCIAL SECURITY SYSTEM MARKET SIZE, BY VERTICAL, 2022 VS 2030 (%)
FIGURE 14. COMMERCIAL SECURITY SYSTEM MARKET SIZE, BY VERTICAL, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS COMMERCIAL SECURITY SYSTEM MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 16. AMERICAS COMMERCIAL SECURITY SYSTEM MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES COMMERCIAL SECURITY SYSTEM MARKET SIZE, BY STATE, 2022 VS 2030 (%)
FIGURE 18. UNITED STATES COMMERCIAL SECURITY SYSTEM MARKET SIZE, BY STATE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC COMMERCIAL SECURITY SYSTEM MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC COMMERCIAL SECURITY SYSTEM MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA COMMERCIAL SECURITY SYSTEM MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA COMMERCIAL SECURITY SYSTEM MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 23. COMMERCIAL SECURITY SYSTEM MARKET, FPNV POSITIONING MATRIX, 2022
FIGURE 24. COMMERCIAL SECURITY SYSTEM MARKET SHARE, BY KEY PLAYER, 2022

Companies Mentioned

  • Abus August Bremicker Sohne KG
  • ADT Inc.
  • Allegion PLC
  • Assa Abloy AB
  • Atlas Ontario LP
  • Axis Communications AB
  • Carrier Global Corporation
  • dormakaba International Holding AG
  • Genetec Inc.
  • Godrej & Boyce Manufacturing Company Limited
  • Halma PLC
  • Hangzhou Hikvision Digital Technology Co., Ltd.
  • Hanwha Group
  • Hochiki Corporation
  • Honeywell International Inc.
  • IDEMIA Identity & Security USA LLC
  • IDIS Inc.
  • Johnson Controls International PLC
  • LG Electronics Inc.
  • Lorex Corporation
  • Napco Security Technologies, Inc.
  • NewVision Security
  • Optex Co., Ltd.
  • Panasonic Corporation
  • Paxton Access Ltd.
  • Phillips Pro Systems, LLC
  • Robert Bosch GmbH
  • SAMSUNG ELECTRONICS CO., LTD.
  • Sanyo Denki Group
  • Schneider Electric SE
  • SDG Security & Fire
  • Secom Co., Ltd.
  • Securitas AB
  • Siemens AG
  • SimpliSafe, Inc.
  • Sony Group Corporation
  • Swann Communications Ltd.
  • Tattletale
  • Teledyne Technologies Inc.
  • Vector Security
  • Vivint, Inc.
  • VIVOTEK Inc.
  • Zhejiang Dahua Technology Co., Ltd.

Methodology

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Table Information