Global Smart Security Market 2016-2020
About Smart Security
Smart security solutions are used to monitor the activity and behavior of people in enterprises, educational institutions, commercial buildings, and utility infrastructures that are prone to unauthorized access or damage. These solutions can help reduce the occurrences of criminal activities and instances of data theft. Smart security solutions include advanced security systems such as IP surveillance cameras, biometric access control systems, integrated perimeter intrusion prevention systems, and wireless alarms.
Technavio’s analysts forecast the global smart security market to grow at a CAGR of 22.58% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global smart security market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of smart security products.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Smart Security Market 2016-2020
Technavio recognizes the following companies as the key players in the global smart security market: Axis Communications, Bosch Security Systems, Honeywell Security, NICE Systems (Qognify), and Tyco International.
Other Prominent Vendors in the market are: Anixter, ASSA ABLOY, AxxonSoft, FLIR System, Genetec, Hanwha Techwin, March Networks, Schneider Electric, S2 Security, and Swann.
Commenting on the report, an analyst from Technavio’s team said: “One trend gaining traction in this market is emergence of wireless IP surveillance. Wireless IP surveillance is a highly affordable and easily deployable technology that combines wireless data transmission and IP video surveillance technologies to overcome various challenges such as the lack of network infrastructure and the lack of connectivity in remote locations.”
According to the report, rise in violent activities has driven growth in the global smart security market. Political instability in many parts of the world and regional conflicts have contributed to the increase in activities such as burglary and theft. The number of terrorist attacks such as shootings, bombings, and mass murder leading to the deaths of innocent civilians has increased. According to Technavio analysis, more violent activities take place in the Americas compared with other countries.
Further, the report states that one of the major challenges in the market is the lack of awareness about smart security solutions such as wireless video surveillance, biometrics, smart cards, intruder alarms, and IP video surveillance. The awareness about such technologies can help in understanding the security risks and threats faced by an organization and can help it to take effective security measures in a cost-effective manner.
Axis Communications, Bosch Security Systems, Honeywell Security, NICE Systems (Qognify), Tyco International, Anixter, ASSA ABLOY, AxxonSoft, FLIR System, Genetec, Hanwha Techwin, March Networks, Schneider Electric, S2 Security, Swann.