Security Systems Market in Russia 2015-2019
About Security Systems
Security systems consist of a combination of surveillance and security systems to protect a specific premise from unauthorized access. The components of a security system include barriers, gates, sensors, warning devices, identification systems, and control and communications systems. The information captured by surveillance equipment is transmitted across the network and saved for future use.
Technavio's analysts forecast the security systems market in Russia to grow at a CAGR of 13.27% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and growth prospects of the security systems market in Russia for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sale of the following products:
Technavio Announces the Publication of its Research Report – Security Systems Market in Russia 2015-2019
Technavio recognizes the following companies as the key players in the Security Systems Market in Russia: Axis Communications, Bosch Security Systems, Cisco Systems, Honeywell Security Group and NICE Systems
Other Prominent Vendors in the market are: AAM Systems, Allegion, Anixter, Assa Abloy, AxxonSoft, HID Global, Hikvision Digital, Panasonic, Samsung Techwin and Siemens
Commenting on the report, an analyst from Technavio’s team said: “With the advent of cloud-based services in various technologies, Russia is experiencing growth in the adoption of cloud-based video surveillance systems. The quality of video is enhanced with improved bandwidth. Also, the price at which cloud-based services are offered to enterprises is low, thereby making it easy for enterprises to adopt cloud-based video surveillance systems. As a result, the adoption of cloud-based surveillance systems provides is a good combination of the device, which provides cost-effective security solution.”
According to the report, in recent years, there has been an increase in terrorist attacks, data theft, and shoplifting. This loss of data, including financial and strategic data, from organizations can be catastrophic. Therefore, surveillance devices are being used to track people involved in data theft and criminal activities. As a result, the market has witnessed an increased adoption of monitoring solutions to prevent unauthorized intrusion to property and information. An increase in domestic and international security threats will be a major driver of the security systems market in Russia during the forecast period.
Further, the report states that one of the major challenges in this market is the requirement for high initial investment.
Axis Communications, Bosch Security Systems, Cisco Systems, Honeywell Security Group, NICE Systems, AAM Systems, Allegion, Anixter, Assa Abloy, AxxonSoft, HID Global, Hikvision Digital, Panasonic, Samsung Techwin, Siemens