Security Solutions Market
PUBLISHED: 2021 ID: SMRC20539
SHARE
SHARE

Security Solutions Market

Security Solutions Market Forecasts to 2028 – Global Analysis By Application (Video Monitoring, System Integration), Product (Fire Protection, Wireless Systems), End Users (Military, Banking, Government) and By Geography

4.7 (71 reviews)
4.7 (71 reviews)
Published: 2021 ID: SMRC20539

This report covers the impact of COVID-19 on this global market
Loading...

According to Stratistics MRC, the Global Security Solutions Market is accounted for $281.11 billion in 2020 and is expected to reach $647.83 billion by 2028 growing at a CAGR of 11.0% during the forecast period. Increasing security concerns, globally growing crime rates and terrorist activities, increasing consumer awareness, and surging demand for deployment of wireless technology in security systems are driving the market growth. However, high installation, operational, and maintenance costs are hampering the growth of the market.

Security solutions consist of a security system that prevents unauthorized intrusion and access into personal, government, and defense premises, among others, and if such attempts are made, then the security system reports these attempts. Security solutions are mainly designed to protect the broad range of threats such as espionage, accidents, fire, subversion, crime, and attack. Security solutions protect physical infrastructure as well as software data of organizations from theft or damage. These security solutions are responsible for the assurance of the software or hardware within the company is being well protected. The need for the implementation of a data security threat is prevalent due to the rise in the frequency and complexity of data security threats.

Based on the end user, the commercial segment is going to have lucrative growth during the forecast period due to the increasing incidences of robbery and theft. To protect commercial assets, property owners are buying security systems, and also, since robbery and information security are major concerns nowadays, with the intention of increasing security, protecting people and assets, and solving security issues the corporate are investing millions of dollars in security technology.

By geography, North America is going to have high growth during the forecast period as most of the residential and commercial buildings in this region are equipped with fire protection systems, due to firm fire and safety protection norms. North America is one of the early adopters of security technologies such as access control, video surveillance, and fire protection system, among others and strong growth in banking and financial services provides plentiful growth opportunities for the security solutions market in this region.

Security Solutions

Some of the key players profiled in the Security Solutions Market Research include Honeywell International Inc., Johnson Controls,  Robert Bosch, Dahua Technology Co., Ltd, Axis Communications AB, Nortek Security & Control, United Technologies, Siemens, Hochiki Corporation, Hormakaba Holding AG, Allegion plc,  Hikvision Digital Technology, and Tyco International.

Applications Covered:
• Remote Monitoring
• Video Monitoring
• Security System Integration

Products Covered:
• Video Surveillance Systems
• Fire Protection Systems
• Access Control Systems
• Wireless Systems

Services Covered:
• Fire Protection Services
• Video Surveillance Services
• Access Control Service
• Remote Monitoring Services

End Users Covered:
• Residential
• Healthcare
• Sports and Leisure
• Retail
• Military & Defense
• Banking & Finance
• Energy and Utility
• Transportation
• Industrial
• Commercial
• Government
• Education

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

 

Table of Contents

1 Executive Summary        
         
2 Preface       
 
 2.1 Abstract       
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology       
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions      
         
3 Market Trend Analysis        
 3.1 Introduction       
 3.2 Drivers        
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats       
 3.6 Application Analysis       
 3.7 Product Analysis       
 3.8 End User Analysis       
 3.9 Emerging Markets       
 3.10 Impact of Covid-19       
         
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry       
         
5 Global Security Solutions Market, By Application        
 5.1 Introduction       
 5.2 Remote Monitoring       
 5.3 Video Monitoring       
 5.4 Security System Integration       
         
6 Global Security Solutions Market, By Product        
 6.1 Introduction       
 6.2 Video Surveillance Systems        
  6.2.1 Software      
   6.2.1.1 Video Management Software     
   6.2.1.2 Video Analytics     
  6.2.2 Hardware      
   6.2.2.1 Storage Devices     
   6.2.2.2 Cameras     
   6.2.2.3 Monitors     
   6.2.2.4 Other Accessories     
 6.3 Fire Protection Systems       
  6.3.1 Fire Detection Systems      
   6.3.1.1 Heat Detectors     
   6.3.1.2 Smoke Detectors     
   6.3.1.3 Flame Detectors     
  6.3.2 Fire Sprinkler Systems      
  6.3.3 Fire Suppression Systems      
  6.3.4 Fire Analysis Systems      
   6.3.4.1 Fire Modeling and Simulation Software     
   6.3.4.2 Fire Mapping and Analysis Software     
  6.3.6 Fire Response Systems      
 6.4 Access Control Systems       
  6.4.1 Hardware       
   6.4.1.1 Electronic Locks     
    6.4.1.1.1 Electric Strike Locks    
    6.4.1.1.2 Smart Locks    
    6.4.1.1.3 Electromagnetic Locks    
   6.4.1.2 Card Based Readers     
    6.4.1.2.1 Smart Card Readers    
    6.4.1.2.2 Magnetic Stripe Readers    
    6.4.1.2.3 Proximity Card Readers    
   6.4.1.3 Controllers     
   6.4.1.4 Biometric Readers     
    6.4.1.4.1 Voice Recognition    
    6.4.1.4.2 Facial Recognition    
    6.4.1.4.3 Palm Recognition    
    6.4.1.4.4 Fingerprint Recognition    
    6.4.1.4.6 Iris Recognition    
   6.4.1.5 Multitechnology Readers     
   6.4.1.6 Other Hardwares     
    6.4.1.6.1 Door Sets    
    6.4.1.6.2 RFID Tags    
    6.4.1.6.3 Keypads    
    6.4.1.6.4 Servers    
  6.4.2 Software      
   6.4.2.1 Intruder Alarms     
   6.4.2.2 Thermal Cameras     
   6.4.2.3 Entrance Control Systems     
 6.5 Wireless Systems       
         
7 Global Security Solutions Market, By Services        
 7.1 Introduction       
 7.2 Fire Protection Services       
  7.2.1 Maintenance Services      
  7.2.2 Tenancy and Refurbishment Upgrade Services      
  7.2.3 Installation and Design Services      
  7.2.4 Engineering Services      
  7.2.5 Managed Services      
 7.3 Video Surveillance Services       
  7.3.1 Installation and Maintenance      
  7.3.2 Video Surveillance as a Service (VSaaS)      
 7.4 Access Control Service       
  7.4.1 Access Control as a Service (ACaaS)      
  7.4.2 Installation and Integration      
  7.4.3 Support and Maintenance      
 7.5 Remote Monitoring Services       
         
8 Global Security Solutions Market, By End User        
 8.1 Introduction       
 8.2 Residential       
 8.3 Healthcare       
 8.4 Sports and Leisure       
 8.5 Retail       
 8.6 Military & Defense       
 8.7 Banking & Finance       
 8.8 Energy and Utility       
 8.9 Transportation       
 8.10 Industrial       
 8.11 Commercial       
 8.12 Government       
 8.13 Education       
         
9 Global Security Solutions Market, By Geography        
 9.1 Introduction       
 9.2 North America       
  9.2.1 US      
  9.2.2 Canada      
  9.2.3 Mexico      
 9.3 Europe       
  9.3.1 Germany      
  9.3.2 UK      
  9.3.3 Italy      
  9.3.4 France      
  9.3.5 Spain      
  9.3.6 Rest of Europe      
 9.4 Asia Pacific       
  9.4.1 Japan      
  9.4.2 China      
  9.4.3 India      
  9.4.4 Australia      
  9.4.5 New Zealand      
  9.4.6 South Korea      
  9.4.7 Rest of Asia Pacific       
 9.5 South America       
  9.5.1 Argentina      
  9.5.2 Brazil      
  9.5.3 Chile      
  9.5.4 Rest of South America      
 9.6 Middle East & Africa       
  9.6.1 Saudi Arabia      
  9.6.2 UAE      
  9.6.3 Qatar      
  9.6.4 South Africa      
  9.6.5 Rest of Middle East & Africa      
         
10 Key Developments        
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures       
 10.2 Acquisitions & Mergers       
 10.3 New Product Launch       
 10.4 Expansions       
 10.5 Other Key Strategies       
         
11 Company Profiling        
 11.1 Honeywell International Inc.               
 11.2 Johnson Controls               
 11.3 Robert Bosch               
 11.4 Dahua Technology Co., Ltd                
 11.5 Axis Communications AB               
 11.6 Nortek Security & Control               
 11.7 United Technologies               
 11.8 Siemens               
 11.9 Hochiki Corporation               
 11.10 Hormakaba Holding AG               
 11.11 Allegion plc               
 11.12 Hikvision Digital Technology               
 11.13 Tyco International        


List of Tables         
1 Global Security Solutions Market Outlook, By Region (2019-2028) (US $MN)         
2 Global Security Solutions Market Outlook, By Application (2019-2028) (US $MN)        
3 Global Security Solutions Market Outlook, By Remote Monitoring (2019-2028) (US $MN)        
4 Global Security Solutions Market Outlook, By Video Monitoring (2019-2028) (US $MN)         
5 Global Security Solutions Market Outlook, By Security System Integration (2019-2028) (US $MN)        
6 Global Security Solutions Market Outlook, By Product (2019-2028) (US $MN)        
7 Global Security Solutions Market Outlook, By Video Surveillance Systems (2019-2028) (US $MN)        
8 Global Security Solutions Market Outlook, By Software (2019-2028) (US $MN)        
9 Global Security Solutions Market Outlook, By Hardware (2019-2028) (US $MN)        
10 Global Security Solutions Market Outlook, By Fire Protection Systems (2019-2028) (US $MN)        
11 Global Security Solutions Market Outlook, By Fire Detection Systems (2019-2028) (US $MN)        
12 Global Security Solutions Market Outlook, By Fire Sprinkler Systems (2019-2028) (US $MN)        
13 Global Security Solutions Market Outlook, By Fire Suppression Systems (2019-2028) (US $MN)        
14 Global Security Solutions Market Outlook, By Fire Analysis Systems (2019-2028) (US $MN)        
15 Global Security Solutions Market Outlook, By Fire Response Systems (2019-2028) (US $MN)        
16 Global Security Solutions Market Outlook, By Access Control Systems (2019-2028) (US $MN)        
17 Global Security Solutions Market Outlook, By Hardware (2019-2028) (US $MN)        
18 Global Security Solutions Market Outlook, By Software (2019-2028) (US $MN)        
19 Global Security Solutions Market Outlook, By Wireless Systems (2019-2028) (US $MN)        
20 Global Security Solutions Market Outlook, By Service (2019-2028) (US $MN)        
21 Global Security Solutions Market Outlook, By Fire Protection Services (2019-2028) (US $MN)        
22 Global Security Solutions Market Outlook, By Maintenance Services (2019-2028) (US $MN)        
23 Global Security Solutions Market Outlook, By Tenancy and Refurbishment Upgrade Services (2019-2028) (US $MN)        
24 Global Security Solutions Market Outlook, By Installation and Design Services (2019-2028) (US $MN)        
25 Global Security Solutions Market Outlook, By Engineering Services (2019-2028) (US $MN)        
26 Global Security Solutions Market Outlook, By Managed Services (2019-2028) (US $MN)        
27 Global Security Solutions Market Outlook, By Video Surveillance Services (2019-2028) (US $MN)        
28 Global Security Solutions Market Outlook, By Installation and Maintenance (2019-2028) (US $MN)        
29 Global Security Solutions Market Outlook, By Video Surveillance as a Service (VSaaS) (2019-2028) (US $MN)        
30 Global Security Solutions Market Outlook, By Access Control Service (2019-2028) (US $MN)        
31 Global Security Solutions Market Outlook, By Access Control as a Service (ACaaS) (2019-2028) (US $MN)        
32 Global Security Solutions Market Outlook, By Installation and Integration (2019-2028) (US $MN)         
33 Global Security Solutions Market Outlook, By Support and Maintenance (2019-2028) (US $MN)        
34 Global Security Solutions Market Outlook, By Remote Monitoring Services (2019-2028) (US $MN)        
35 Global Security Solutions Market Outlook, By End User (2019-2028) (US $MN)        
36 Global Security Solutions Market Outlook, By Residential (2019-2028) (US $MN)        
37 Global Security Solutions Market Outlook, By Healthcare (2019-2028) (US $MN)        
38 Global Security Solutions Market Outlook, By Sports and Leisure (2019-2028) (US $MN)        
39 Global Security Solutions Market Outlook, By Retail (2019-2028) (US $MN)        
40 Global Security Solutions Market Outlook, By Military & Defense (2019-2028) (US $MN)        
41 Global Security Solutions Market Outlook, By Banking & Finance (2019-2028) (US $MN)        
42 Global Security Solutions Market Outlook, By Energy and Utility (2019-2028) (US $MN)        
43 Global Security Solutions Market Outlook, By Transportation (2019-2028) (US $MN)        
44 Global Security Solutions Market Outlook, By Industrial (2019-2028) (US $MN)        
45 Global Security Solutions Market Outlook, By Commercial (2019-2028) (US $MN)        
46 Global Security Solutions Market Outlook, By Government (2019-2028) (US $MN)        
47 Global Security Solutions Market Outlook, By Education (2019-2028) (US $MN)  
         
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials