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Global Electronic Security Market 2016-2020

Global Electronic Security Market 2016-2020

About Physical Security

Physical security refers to security measures that help to monitor and control access of an entity to premises, or equipment, or resources. These measures protect individuals and property from theft or attacks. Physical security involves the use of multiple layers of security products, such as surveillance systems, locks, and access control systems. It is mainly divided into two: electronic physical security and mechanical physical security. Electronic physical security is a system that is developed by integrating numerous entities as per end-users' requirements. This security system is a combination of various security equipment or solutions.

Technavio’s analysts forecast the global electronic security market to grow at a CAGR of 14.4% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global electronic security market for 2016-2020. This report provides a list of vendors that provide electronic security solutions across the globe. Vendors are identified based on their product features, geographical presence, customer base, and product portfolio.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Electronic Security Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Axis Communications
  • Bosch Security Systems
  • Honeywell Security
  • Tyco Security Products
Other prominent vendors
  • ADT Security Services (acquired by Apollo Global Management in June 2016)
  • A2 Systems
  • ALL-TAG Security Americas
  • Anixter
  • ASSA ABLOY
  • AxxonSoft
  • Checkpoint Systems
  • Delphi
  • FLIR Systems
  • Gallagher
  • Genetec
  • Hikvision Digital
  • Intergraph
  • Ketec
  • Lenel Systems
  • Nedap
  • NetVersant
  • Nortek Security (acquired by Melrose Industries and Nevada Corp in July 2016)
  • Panasonic
  • S2 Security Corporation
  • Salient Systems
  • Samsung Techwin (named changed to Hanwha Techwin)
  • Siemens
  • videoNEXT
Market driver
  • Decline in prices of security products
  • For a full, detailed list, view our report
Market challenge
  • Replacing analog cameras with new IP cameras
  • For a full, detailed list, view our report
Market trend
  • Rising adoption of electronic security products by SMEs
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Electronic Security Market 2016-2020

Technavio recognizes the following companies as the key players in the global electronic security market: Axis Communications, Bosch Security Systems, Honeywell Security, and Tyco Security Products.

Other Prominent Vendors in the market are: ADT Security Services, A2 Systems, ALL-TAG Security Americas, Anixter, ASSA ABLOY, AxxonSoft, Checkpoint Systems, Delphi, FLIR Systems, Gallagher¸ Genetec, Hikvision Digital, Intergraph, Ketec, Lenel Systems, Nedap, NetVersant, Nortek Security, Panasonic, S2 Security, Salient Systems, Samsung Techwin, Siemens, and videoNEXT.

Commenting on the report, an analyst from Technavio’s team said: “Rising adoption of electronic security products by SMEs will be a key trend for market growth. Many SMEs, particularly in the manufacturing, retail, and banking sectors, are adopting electronic security products to protect their premises and data. SMEs generally do not possess the required skills or resources to evaluate security products or deploy, integrate, and manage the security infrastructure. Therefore, they opt for electronic security products to monitor and maintain security. SMEs also seek vendors' help to monitor the network in real time for unauthorized network intrusions and virus attacks. The high adoption of electronic security products by SMEs is therefore expected to drive the growth of the electronic security products market.”

According to the report, development of smart cities will be a key driver for market growth. Due to the emergence of several smart city campaigns and initiatives across the globe, electronic security has become a critical part of city’s core mandate as it has the ability to provide faster, real-time data for better safety and security standards. Furthermore, rising population and migration of people from rural to urban areas is attracting investments toward the development of smart cities. This is gaining more importance in countries such as China, India, and Qatar. The development of smart cities provides efficient transportation facilities, traffic management system, smart grids, good healthcare facilities, and advanced technology in the construction process.

Further, the report states that replacing analog cameras with new IP cameras will be a challenge for the market. Many retail shop owners are still using analog surveillance cameras in their stores, despite the introduction of new technologies such as the higher resolution and analytics offered by new IP cameras. However, replacing the older analog cameras with new IP cameras can be costly. The extended business hours of retail shops can make the installation a challenge as there will be no time to implement new video cameras and management systems in the shop. In yet another challenge, the old analog cameras may not integrate easily with IP video, incurring high costs for retail shop owners during the replacement process.

Companies Mentioned

Axis Communications, Bosch Security Systems, Honeywell Security, Tyco Security Products, ADT Security Services, A2 Systems, ALL-TAG Security Americas, Anixter, ASSA ABLOY, AxxonSoft, Checkpoint Systems, Delphi, FLIR Systems, Gallagher¸ Genetec, Hikvision Digital, Intergraph, Ketec, Lenel Systems, Nedap, NetVersant, Nortek Security, Panasonic, S2 Security, Salient Systems, Samsung Techwin, Siemens, videoNEXT.

  • Executive summary
    • Key findings
      • Table Overview of numbers
  • Scope of the report
    • Market overview
      • Table Countries considered
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market overview
    • IoT in security solutions
  • Market size and forecast
    • Global electronic security market
      • Table Different types of robbery category rate in South Africa 2015
      • Table Global electronic security market 2015-2020 ($ billions)
      • Table Prominent high-rise building projects worldwide
  • Market segmentation by type
    • Video surveillance
      • Table Global video surveillance market 2015-2020 ($ billions)
    • Access control
      • Table Global access control market 2015-2020 ($ billions)
    • Intrusion detection
      • Table Global intrusion detection market 2015-2020 ($ billions)
    • Vehicle security
      • Table Global vehicle security market 2015-2020 ($ billions)
  • Market segmentation by end-users
    • Electronic security in commercial sector
      • Table Bank crime statistics in US 2015
      • Table Electronic security market in commercial sector 2015-2020 ($ billions)
    • Electronic security in government sector
      • Table Electronic security market in government sector 2015-2020 ($ billions)
    • Others
      • Table Electronic security market in other sectors 2015-2020 ($ billions)
  • Geographical segmentation
    • Geographical segmentation
      • Table Electronic security market in Americas 2015-2020 ($ billions)
      • Table Electronic security market in APAC 2015-2020 ($ billions)
      • Table Different types of robbery in South Africa 2014 and 2015
      • Table Electronic security market in EMEA 2015-2020 ($ billions)
  • Buying criteria
    • Table Buying criteria of electronic security solutions
    • Table Comparison of CCTV and IP surveillance scalability and installation flexibility
  • Market drivers
    • Decline in prices of security products
      • Table Average prices of IP cameras 2016 ($)
    • Development of smart cities
      • Table Country-wise smart city development plan
    • Increased adoption of security solutions by commercial sector
      • Table Retail shrinkage rate in APAC by retail format 2015 (% of total sales)
      • Table Region-wise retail shrinkage rate 2014-2015 and 2013-2014 (% of total sales)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Replacing analog cameras with new IP cameras
    • Choosing right security solution
    • Lack of awareness among retailers
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Rising adoption of electronic security products by SMEs
    • Growing use of body-worn cameras
  • Five forces analysis
    • Table Five forces analysis
  • Vendor landscape
    • Competitive landscape
      • Table Competitive landscape
      • Table R&D investments by Tyco Security Products 2013-2015 ($ millions)
    • Vendor matrix
      • Table Vendor matrix: Products
      • Table Vendor matrix: Geographical presence
      • Table Other prominent vendors
  • Key vendor profiles
    • Axis Communications
    • Bosch Security Systems
    • Honeywell Security
    • Tyco Security Products
  • Appendix
    • List of abbreviations
  • Explore Technavio

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