North America Smart Security Market Forecast 2017-2025
KEY FINDINGS North America smart security market is expected to grow from $91.34 billion in 2016 to $ 285.76 billion by 2025, with an estimated CAGR growth of 14.46%. The region accounted for the biggest market share of the overall smart security market (41%) in the year 2016.
MARKET INSIGHTS The market is mainly advancing on the grounds of several government initiatives and increasing focus towards public safety. Countries such as the US and Canada are significantly investing in the improvement of their security measures. The rising digitalization in the region is compelling the market players to establish an integrated infrastructure, which in turn, is predicted to boost the demand of the market in the growing applications of IoT.
COMPETITIVE INSIGHTS Companies like Cisco Systems Inc, Amano Mcgann Inc, Siemens Ag, Thales Group, International Business Machines (IBM) Corporation, Tyco International Plc, Intellivision Corporation, Axis Communications Ab, Bosch Security Systems, Ericsson Inc, Nedap N.V, and Hitachi and Honeywell International Inc are competing in this market.