About Electronic Security System
Electronic security system refers to any equipment that would perform security operations like surveillance, access management, and the threat or intrusion management to a facility or a locality that uses power from mains and a power backup additionally battery, etc. It conjointly includes a number of operations like electrical, mechanical gear. The determination of a type of security system has purely supported the area to be protected and its threats.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global Electronic Security System market is fragmented by players owing to innovations and new technological advancements serving all kinds of home security needs and commercial firms to establish a safe environment. Emerging players should be Focusing upon newer and safer methods to create a reach in the market and grab the growing market with growing home automation interest. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Electronic Security System market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Autoclear (United States), G4S PLC (United Kingdom), Lockheed Martin Corporation (United States), FLIR Systems, Inc. (United States), Bosch Sicherheitssysteme GmbH (Germany), Axis Communications AB (Sweden), Hitachi Ltd (Japan), IBM Corporation (United States), Siemens (Germany) and Thales Group (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are OSI Systems Inc. (United States), Salient Systems (United States), Cobalt Robotics (California), TechSIS Ltd. (India), Zicom (India) and TBG Security (United States).
Segmentation Overview
AMA Research has segmented the market of Global Electronic Security System market by Type (CCTV Surveillance Security System, Fire Detection/Alarming System and Access Control/Attendance System), Application (Residential (Homes and Apartments), Commercial (Offices, Banks Lockers) and Industrial (Medical. Transportation)) and Region.
On the basis of geography, the market of Electronic Security System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Electronic Security System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sensing Device, the sub-segment i.e. Motions Sensors will boost the Electronic Security System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
New Technology Introduction like Multifold Security Operation and Remote Device Control is Gaining Interest
Market Growth Drivers:
Better Electronic Security Needs in Office and Other Places is driving the Global Market and Rising Instances of Theft and Technological Advancements Leading to Home Automation and Security
Challenges:
High Cost involved with Security System Installation and Lack of Technical Knowledge in User Base for Efficient Use
Restraints:
Privacy Concerns and Data breaching can hinder market Growth and Lack of Co-ordination in Different Security Systems can slow down the Market
Opportunities:
Increasing Demand for Out of Band Security System will be Field to Explore
Market Leaders and their expansionary development strategies
In November 2023, Amazon acquires Blink Home, Expanding its smart home portfolio with Blink's budget-friendly security cameras and systems.
In November 2023, Arlo Technologies unveils Essential Series which lineup of affordable security cameras offering essential features like night vision and two-way audio, increasing accessibility to smart security solutions.
Key Target Audience
Electronic Security System Manufacturer/Provider/Trader, Research Companies, Data Security Companies, Home Security Regulating Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.