Security Solutions Market worth $373 billion by 2022 - PowerPoint PPT Presentation

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Security Solutions Market worth $373 billion by 2022


security solutions market is expected to reach USD 372.90 Billion by 2022 from USD 206.69 Billion in 2016, at a CAGR of 10.16% between 2017 and 2022 – PowerPoint PPT presentation

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Updated: 13 November 2019
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Title: Security Solutions Market worth $373 billion by 2022

MarketsandMarkets Presents
Security Solutions Market worth 373 billion by
2022 Security Solutions Market by Type (Products
(Fire Protection, Video Surveillance, Access
Control) and Services (System Integration, Remote
Monitoring, Fire Protection, VSaaS, ACaaS)),
End-user Industry, and Geography - Global
Forecast to 2022", is anticipated at USD 373
billion by 2022, growing at a CAGR of 10.2 from
2017 to 2022.
MarketsandMarkets Presents
The commercial end-use industry held the largest
share of the security solutions market in
2016 The commercial sector includes shopping
malls, hotels, and warehouses. The requirement
for security in these establishments has risen
due to the increasing incidences of crimes, not
only of the physical kind but that of theft
related to data/information as well. Growing
incidents of security breach have led
organizations to demand various security
solutions, such as access control, fire
protection, and video surveillance systems. An
access control system protects people and
properties by way of providing access only to
authorized personnel to the physical locations or

MarketsandMarkets Presents
The demand for security products will be higher
than services between 2017 and 2022 The security
solutions market has been segmented by type into
products and services. Security products,
including fire protection systems and video
surveillance systems, are widely implemented in
financial institutions, government offices, and
residential and commercial buildings. Download
PDF Brochure _at_ https//
dfdownloadNew.asp?id701 Of the various
security products, wireless systems are expected
to have the highest demand during the forecast
period. These systems are easy to install, can
improve the interactive monitoring services of a
system, and can also be remotely operated.

MarketsandMarkets Presents
The Americas dominated the security solutions
market in 2016 Based on the region, the market
has been segmented into the Americas, Europe,
Asia Pacific, and Rest of the World. The Americas
accounted for the largest share of the market in
2016. This region is an early adopter of
security technologies, such as access control,
video surveillance, and fire protection, among
other systems. Owing to stringent fire protection
and safety regulations, most of the commercial
and residential building structures are required
to be fitted with fire protection systems in the
region. Therefore, various fire protection
systems, such as smoke detectors, flame
detectors, heat detectors, sprinklers,
extinguishers, fire alarms, sirens, control
panels interfaces, and fire analysis software,
are being offered by several fire protection
systems and equipment manufacturers in this

MarketsandMarkets Presents
The top players in the security solutions market
The top players in the security solutions
market include ASSA ABLOY AB (Sweden), Bosch
Security Systems (Germany), Honeywell
International, Inc. (US), Tyco International PLC
(US), UTC Fire Security (US), ADT Corp. (US), (US), Allegion PLC (US), Control4 (US),
Godrej Boyce Manufacturing Company Limited
(India), Ingersoll Rand Solutions (Ireland),
Nortek Security Control LLC (US), Hangzhou
Hikvision Digital Technology Co., Ltd. (China),
SECOM Co., Ltd. (Japan), Stanley Security
Solutions (US), Axis Communications AB (Sweden),
and Zhejiang Dahua Technology Co., Ltd.

MarketsandMarkets Presents
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