Electronic Security Market Size, Growth and Scope 2022-2027 According to the latest report by IMARC Group, titled “Electronic Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” Offers a comprehensive analysis of the industry, which comprises insights on electronic security market share.
The global electronic security market reached a value of US$ 53.5 Billion in 2021. Electronic safety is a system that utilizes embedded technology and electronic devices to improve safety measures and protect human life as well as physical assets. Some of the most common functions performed by the system include surveillance, access control and intrusion control. It comprises alarms and close-circuit televisions (CCTVs) that aid in monitoring entry points and denying access to unauthorized individuals from entering a certain area or accessing stored information. It is also employed in business operations for safeguarding confidential business data and tracking unauthorized access to business-related information and assets. As a result, it is extensively utilized across the manufacturing, transportation, banking, healthcare and government sectors. Looking forward, IMARC Group expects the market to reach US$ 80.0 Billion by 2027, exhibiting a CAGR of 6.9% during 2022-2027.
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Global Electronic Security 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Axis Communications (Canon Inc.), ADT Security Services Inc. (Apollo Global Management Inc.), Bosch Security Systems Inc., FLIR Systems Inc., Hitachi Ltd., Honeywell International Inc., IBM Corporation, Tyco International (Johnson Controls), Lockheed Martin Corporation, OSI Systems, Siemens AG, Thales Group, etc.
The report has segmented the market on the basis of product Type, Service type, end user and Region.
Breakup by Product Type:
Surveillance System
Access Control System
Intrusion Detection System
Alarming System
Others
Breakup by Service Type:
Installation Services
Managed Services
Consulting Services
Breakup by End-Use Sector:
Government
Residential
Transportation
Banking
Hospitality
Healthcare
Retail
Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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