Security Solutions Market

Security Solutions Market by Systems (Video Surveillance, Access Control, Thermal Imaging, Fire Protection, Entrance Control, Intruder Alarm), Services (Security Systems Integration, Remote Monitoring, VSaaS, ACaaS), Vertical - Global Forecast to 2029

Report Code: SE 3405 Jan, 2024, by marketsandmarkets.com

[270 Pages Report] The global security solutions market size is expected to be valued at USD 354.7 billion in 2024 and is projected to reach USD 502.1 billion by 2029; it is expected to grow at a CAGR of 7.2% from 2024 to 2029. The security solutions market is propelled by a convergence of factors, including heightened global security threats, increasing awareness of the need for robust protective measures, and rapid technological advancements such as artificial intelligence and IoT. The integration of advanced technologies, such as biometrics, video analytics, and cloud-based solutions, enhances the capabilities of security systems, providing a multifaceted approach to threat detection and mitigation.

Security Solutions Market

Security Solutions Market

Security Solutions Market and Statistics Forecast to 2029

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Security solutions Market Dynamics

Driver: Increasing concerns regarding public safety and infrastructure protection

Growing concerns regarding public safety and infrastructure protection are significant drivers for the security solutions market. Heightened awareness of potential threats to public spaces, critical infrastructure, and large-scale events has prompted increased investments in advanced security technologies. Organizations and governments seek comprehensive solutions, including video surveillance, access control, and threat detection systems, to mitigate risks, enhance emergency response capabilities, and safeguard public and private assets.

Restraint: Concerns over privacy and data protection regulations

Concerns over privacy and stringent data protection regulations act as a restraint for the security solutions market. As individuals and organizations become more conscious of privacy issues, there is a delicate balance that security solutions must strike between providing robust protection and respecting privacy rights. Compliance with regulations, such as GDPR and similar laws, imposes surveillance and data management practices challenges.

Opportunity: Increasing demand for remote monitoring and surveillance solutions

The increasing demand for remote monitoring and surveillance solutions presents a significant opportunity for the security solutions market. With the rise of remote work, global connectivity, and the need for real-time tracking, businesses and individuals seek comprehensive security systems that enable remote access and surveillance. Advanced technologies, including cloud-based solutions, IoT integration, and high-definition cameras, facilitate effective remote monitoring.

Challenge: Risk of rapid technological changes and obsolescence

The risk of rapid technological changes and obsolescence poses a significant challenge for the security solutions market. The fast-paced evolution of technology introduces the risk that solutions implemented today may become outdated or incompatible with emerging technologies in the near future. This challenge requires continuous adaptation and innovation within the security industry to keep pace with evolving threats and technological advancements. Organizations investing in security solutions face the dilemma of selecting technologies that will remain relevant over the long term, mitigating the risk of premature obsolescence and ensuring sustained effectiveness in addressing dynamic security challenges.

Security Solutions Market Ecosystem

The security solutions market is dominated by established and financially sound manufacturers with extensive experience in the industry. These companies have diversified product portfolios, cutting-edge technologies, and strong global sales and marketing networks. Leading players in the market include Johnson Controls from Ireland, Honeywell International Inc. from the US, Robert Bosch GmbH from Germany, ADT from the US, and Hangzhou Hikvision Digital Technology Co., Ltd. from China.

Security Solutions Market by Ecosystem

Based on the system, video surveillance systems for the security solutions market to hold the highest market share during the forecast period

The security solutions market for video surveillance systems commands a significant share due to the critical role video surveillance plays in addressing security concerns. Video surveillance offers real-time monitoring, threat detection, and forensic analysis, making it a cornerstone of comprehensive security strategies. The proliferation of security cameras, coupled with advancements in technology such as high-definition imaging, analytics, and artificial intelligence, has elevated the capabilities of video surveillance systems. Industries across various sectors, including retail, transportation, critical infrastructure, and smart cities, rely on video surveillance for crime prevention, safety enforcement, and operational insights.

Based on services, the security solutions market for system security integration to hold the highest market share during the forecast period

The security solutions market for security system integration services commands a significant share due to the growing complexity of security needs across various industries. Organizations recognize the importance of a holistic and integrated approach to security, involving the seamless coordination of different security components such as access control, video surveillance, and intrusion detection systems. Security system integration services provide tailored solutions that unify diverse security technologies, creating a comprehensive and interoperable security infrastructure.

Based on vertical, the security solutions for commercial to hold the highest market share during the forecast period

The security solutions market for the commercial vertical holds a substantial market share due to the heightened emphasis on security in the business environment. Businesses, from small enterprises to large corporations, prioritize implementing comprehensive security measures to safeguard assets, personnel, and sensitive information. The commercial sector faces diverse security challenges, including physical and cyber threats, theft prevention, and access control. The demand for integrated security solutions, such as access control systems, video surveillance, and intrusion detection, is propelled by regulatory compliance, risk management considerations, and the need to ensure business continuity.

Security solutions market in Asia Pacific to hold the highest market share during the forecast period

The security solutions market in the Asia Pacific holds a significant market share due to the region's dynamic economic growth, rapid urbanization, and increasing awareness of security challenges. Governments and businesses in Asia Pacific are investing in advanced security technologies to address diverse threats, including cyberattacks and physical intrusions. The adoption of smart city initiatives, critical infrastructure projects, and the escalating demand for comprehensive security measures across various industries contribute to the flourishing market in Asia Pacific. The unique combination of economic development, technological adoption, and evolving security needs positions the region as a critical driver of market share in the global security solutions landscape.

Security Solutions Market
 by Region

Security Solutions Market by Region

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Top Security Solutions Companies - Key Market Players:

The security solutions companies is dominated by players such as Johnson Controls (Ireland), Honeywell International Inc. (US), ADT (US)Hikvision Digital Technology Co., Ltd. (China), Robert Bosch GmbH (Germany), and others.

Security Solutions Market Report Scope : 

Report Metric

Details

Estimated Market Size USD 354.7 billion in 2024
Projected Market Size USD 502.1 billion by 2029
Growth Rate  CAGR of 7.2%

Market size available for years

2020-2029

Base year considered

2023

Forecast period

2024-2029

Forecast units

Value (USD Billion)

Segments Covered

  • By System,
  • By Services, and
  • By Vertical

Geographies covered

  • North America,
  • Europe,
  • Asia Pacific, and RoW

Companies covered

The major market players include Johnson Controls (Ireland), Honeywell International Inc. (US), Robert Bosch GmbH (Germany), ADT (US), Hangzhou Hikvision Digital Technology Co., Ltd. (China), Zhejiang Dahua Technology Co., Ltd. (China), Axis Communications AB (Sweden), SECOM Co., Ltd. (Japan), Siemens (Germany), Assa Abloy (Sweden). (Total 25 players are profiled)

Security Solutions Market Highlights

The study categorizes the security solutions market based on the following segments:

Segment

Subsegment

By System

  • Fire Protection System
  • Video Surveillance System
  • Access Control System
  • Entrance Control System
  • Intruder Alarm System
  • Thermal Imaging System

By Services

  • Fire Protection Services
  • Video Surveillance Services
  • Access Control Services
  • Security System Integration
  • Remote Monitoring Services

By Vertical

  • Commercial
  • Residential
  • Retail
  • Transportation
  • Government
  • Education
  • Energy and Utilities
  • Banking and Finance
  • Industrial
  • Healthcare
  • Sports and Leisure
  •  Military & Defense

By region

  • North America
  • Europe
  • Asia Pacific
  • RoW

Recent Developments in Security Solutions Industry

  • In December 2023, Hikvision announced the launch of a 4-wire HD analog intercom solution. This cutting-edge solution enhances security and convenience for villa, apartment owners, and visitors.
  • In December 2023, Dahua announced the launch of its state-of-the-art video access controller. This cutting-edge device aims to redefine residential access control systems by incorporating advanced security technology and intuitive, user-friendly features, ensuring a new level of security for residential environments.
  • In November 2023, Johnson Controls announced a digital assessment tool for K-12 school districts to evaluate the physical security of their campuses, identify vulnerabilities and threats, and take appropriate action. With simplified access to data-driven insights, administrators can make more informed decisions to keep their students and teachers safe from a widening range of threats.
  • In November 2023, Axis Communications announced a new series of next-generation bullet cameras: AXIS Q18 Series. These cameras detect and classify moving objects using AXIS Object Analytics.
  • In November 2023, Robert Bosch launched the FLEXIDOME micro 3100i cameras. The FLEXIDOME micro 3100i cameras ensure reliable detection in and around buildings. They offer excellent value with edge-based AI and good image quality.
  • In July 2023, Honeywell launched the Morley-IAS Max fire detection and alarm system. The system  offers end users a technically advanced range of functions that is easy to install, commission, and maintain.
  • In January 2023, ADT introduced the ADT+ app. By using ADT+ app, customers can easily access and control their ADT devices, including a access control system, entrance control system , and intruder alarm systems, and compatible Google products.

Frequently Asked Questions(FAQs):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 22)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
    1.7 RECESSION IMPACT ON SECURITY SOLUTIONS MARKET 
 
2 RESEARCH METHODOLOGY (Page No. - 27)
    2.1 RESEARCH DATA 
           FIGURE 2 SECURITY SOLUTIONS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
                    2.1.2.4 Breakdown of primaries
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION 
           FIGURE 3 FLOW OF MARKET SIZE ESTIMATION PROCESS
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE GENERATED FROM SALES OF SECURITY SOLUTIONS
                    2.2.1.1 Approach to arrive at market size using bottom-up analysis
                               FIGURE 5 BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to arrive at market size using top-down analysis (supply side)
                               FIGURE 6 TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION 
           FIGURE 7 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
    2.5 RISK ASSESSMENT 
           TABLE 1 RISK FACTOR ANALYSIS
    2.6 ASSUMPTIONS CONSIDERED TO ANALYZE RECESSION IMPACT 
           TABLE 2 ASSUMPTIONS CONSIDERED TO ANALYZE RECESSION IMPACT
    2.7 STUDY LIMITATIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 42)
    3.1 GROWTH RATE ASSUMPTIONS/FORECAST 
           FIGURE 8 VIDEO SURVEILLANCE SYSTEM SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
           FIGURE 9 SECURITY SYSTEM INTEGRATION SERVICES TO COMMAND LARGEST MARKET SHARE DURING FORECAST PERIOD
           FIGURE 10 COMMERCIAL SEGMENT TO CAPTURE LARGEST MARKET SHARE DURING FORECAST PERIOD
           FIGURE 11 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF SECURITY SOLUTIONS MARKET IN 2023
 
4 PREMIUM INSIGHTS (Page No. - 46)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SECURITY SOLUTIONS MARKET 
           FIGURE 12 INCREASING CONCERNS REGARDING PUBLIC SAFETY AND RAPID ADVANCEMENTS IN TECHNOLOGIES TO DRIVE MARKET
    4.2 ASIA PACIFIC: SECURITY SOLUTIONS MARKET, BY COUNTRY AND BY SYSTEM 
           FIGURE 13 CHINA AND VIDEO SURVEILLANCE SYSTEM SEGMENTS TO HOLD LARGEST SHARE OF SECURITY SOLUTIONS MARKET IN ASIA PACIFIC IN 2024
    4.3 NORTH AMERICA: SECURITY SOLUTIONS MARKET, BY COUNTRY 
           FIGURE 14 US TO HOLD LARGEST SHARE OF SECURITY SOLUTIONS MARKET IN NORTH AMERICA DURING FORECAST PERIOD
    4.4 SECURITY SOLUTIONS MARKET, BY COUNTRY 
           FIGURE 15 SECURITY SOLUTIONS MARKET IN SOUTH KOREA TO REGISTER HIGHEST CAGR FROM 2024 TO 2029
 
5 MARKET OVERVIEW (Page No. - 49)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 16 SECURITY SOLUTIONS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing concerns regarding public safety and infrastructure protection
                    5.2.1.2 Technological advancements in surveillance and access control systems
                    5.2.1.3 Rising incidents of theft, vandalism, and unauthorized access
                    5.2.1.4 Expansion of smart infrastructure and smart city projects globally
                               FIGURE 17 IMPACT ANALYSIS OF DRIVERS ON SECURITY SOLUTIONS MARKET
           5.2.2 RESTRAINTS
                    5.2.2.1 Concerns over privacy and data protection regulations
                    5.2.2.2 Risk of system vulnerabilities and exploits
                    5.2.2.3 Complexity in integration with existing infrastructure
                               FIGURE 18 IMPACT ANALYSIS OF RESTRAINTS ON SECURITY SOLUTIONS MARKET
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing demand for remote monitoring and surveillance solutions
                    5.2.3.2 Growing adoption of cloud-based security solutions
                    5.2.3.3 Requirement for robust security in retail and commercial sectors
                               FIGURE 19 IMPACT ANALYSIS OF OPPORTUNITIES ON SECURITY SOLUTIONS MARKET
           5.2.4 CHALLENGES
                    5.2.4.1 Risk of rapid technological changes and obsolescence
                    5.2.4.2 Complex regulatory landscape and compliance challenges
                               FIGURE 20 IMPACT ANALYSIS OF CHALLENGES ON SECURITY SOLUTIONS MARKET
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 21 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
    5.4 PRICING ANALYSIS 
           FIGURE 22 AVERAGE SELLING PRICE (ASP) TREND OF ACCESS CONTROL SYSTEMS OFFERED BY KEY PLAYERS, BY VERTICAL
           TABLE 3 ASP TREND OF VARIOUS SECURITY SOLUTIONS, BY REGION (USD)
           TABLE 4 SELLING PRICE OF VIDEO SURVEILLANCE SYSTEMS OFFERED BY LEADING COMPANIES
    5.5 VALUE CHAIN ANALYSIS 
           FIGURE 23 SECURITY SOLUTIONS MARKET: VALUE CHAIN ANALYSIS
    5.6 ECOSYSTEM/MARKET MAP 
           FIGURE 24 KEY PLAYERS IN SECURITY SOLUTIONS MARKET
           TABLE 5 SECURITY SOLUTIONS MARKET: ROLE OF COMPANIES IN ECOSYSTEM
    5.7 TECHNOLOGY ANALYSIS
           5.7.1 KEY TECHNOLOGIES
                    5.7.1.1 Video surveillance
                    5.7.1.2 Biometrics
                    5.7.1.3 Machine learning (ML) and artificial intelligence (AI)
                    5.7.1.4 Wireless technologies
           5.7.2 COMPLEMENTARY TECHNOLOGIES
                    5.7.2.1 Integrated security management systems
                    5.7.2.2 Physical and cyber convergence
                    5.7.2.3 Geographic information systems (GIS) integration
                    5.7.2.4 Incident response platforms
           5.7.3 ADJACENT TECHNOLOGIES
                    5.7.3.1 IoT security
                    5.7.3.2 Edge computing security
                    5.7.3.3 Behavioral analytics
    5.8 PATENT ANALYSIS 
           FIGURE 25 SECURITY SOLUTIONS MARKET: PATENTS APPLIED AND GRANTED, 2013–2023
           TABLE 6 LIST OF KEY PATENTS IN SECURITY SOLUTIONS MARKET, 2020–2023
    5.9 TRADE ANALYSIS 
           TABLE 7 IMPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8531, BY COUNTRY, 2018–2022 (USD MILLION)
           FIGURE 26 IMPORT DATA, BY COUNTRY, 2018–2022 (USD MILLION)
           TABLE 8 EXPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8531, BY COUNTRY, 2018–2022 (USD MILLION)
           FIGURE 27 EXPORT DATA, BY COUNTRY, 2018–2022 (USD MILLION)
    5.10 TARIFF ANALYSIS 
           TABLE 9 MFN TARIFFS FOR HS CODE 8531-COMPLIANT PRODUCTS EXPORTED BY US
           TABLE 10 MFN TARIFFS FOR HS CODE 8531-COMPLIANT PRODUCTS EXPORTED BY CHINA
           TABLE 11 MFN TARIFF FOR HS CODE 8531-COMPLIANT PRODUCTS EXPORTED BY GERMANY
    5.11 KEY CONFERENCES AND EVENTS, 2024–2025 
           TABLE 12 SECURITY SOLUTIONS MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.12 CASE STUDY ANALYSIS 
           TABLE 13 JOHNSON CONTROLS PROVIDED COMPREHENSIVE SECURITY SOLUTION FOR KING ABDULAZIZ INTERNATIONAL AIRPORT
           TABLE 14 HONEYWELL DEPLOYED FIRE PROTECTION SYSTEMS AND ACCESS CONTROL SOLUTIONS AT DUBAI MALL
           TABLE 15 BOSCH SECURITY SYSTEMS PROVIDED VIDEO SURVEILLANCE AND INTRUSION DETECTION SOLUTIONS FOR MERCEDES-BENZ STADIUM
           TABLE 16 AXIS COMMUNICATIONS AB DEPLOYED HIGH-DEFINITION VIDEO SURVEILLANCE SYSTEMS AT THE SHARD, ICONIC SKYSCRAPER IN LONDON
           TABLE 17 ADT DEPLOYED INTRUSION DETECTION AND ALARM SYSTEMS ACROSS WALMART STORES
    5.13 STANDARDS AND REGULATORY LANDSCAPE 
           5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 18 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 19 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 20 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 21 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.13.2 STANDARDS AND REGULATIONS RELATED TO SECURITY SOLUTIONS MARKET
                    5.13.2.1 ISO 27001 - Information Security Management
                    5.13.2.2 UL 2900 - Standard for Software Cybersecurity for Network-Connectable Products
                    5.13.2.3 EN 50130 Series - Alarm Systems
                    5.13.2.4 BS EN 50131 Series - Alarm Systems
                    5.13.2.5 IEC 62676
           5.13.3 GOVERNMENT REGULATIONS
                    5.13.3.1 US
                    5.13.3.2 Canada
                    5.13.3.3 Europe
                    5.13.3.4 UK
                    5.13.3.5 Japan
                    5.13.3.6 India
    5.14 PORTER'S FIVE FORCES ANALYSIS 
           TABLE 22 IMPACT OF PORTER'S FIVE FORCES ON SECURITY SOLUTIONS MARKET
           FIGURE 28 SECURITY SOLUTIONS MARKET: PORTER'S FIVE FORCES ANALYSIS
           5.14.1 THREAT OF NEW ENTRANTS
           5.14.2 THREAT OF SUBSTITUTES
           5.14.3 BARGAINING POWER OF SUPPLIERS
           5.14.4 BARGAINING POWER OF BUYERS
           5.14.5 INTENSITY OF COMPETITIVE RIVALRY
    5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 29 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS
                    TABLE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS (%)
           5.15.2 BUYING CRITERIA
                    FIGURE 30 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
                    TABLE 24 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
 
6 SECURITY SOLUTIONS MARKET, BY SYSTEM (Page No. - 84)
    6.1 INTRODUCTION 
           FIGURE 31 VIDEO SURVEILLANCE SYSTEM TO REGISTER HIGHEST CAGR IN SECURITY SOLUTIONS MARKET DURING FORECAST PERIOD
           TABLE 25 SECURITY SOLUTIONS MARKET, BY SYSTEM, 2020–2023 (USD BILLION)
           TABLE 26 SECURITY SOLUTIONS MARKET, BY SYSTEM, 2024–2029 (USD BILLION)
    6.2 FIRE PROTECTION SYSTEM 
           TABLE 27 FIRE PROTECTION SYSTEM: SECURITY SOLUTIONS MARKET, BY TYPE, 2020–2023 (USD BILLION)
           TABLE 28 FIRE PROTECTION SYSTEM: SECURITY SOLUTIONS MARKET, BY TYPE, 2024–2029 (USD BILLION)
           TABLE 29 FIRE PROTECTION SYSTEM: SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
           TABLE 30 FIRE PROTECTION SYSTEM: SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
           6.2.1 FIRE SUPPRESSION
                    6.2.1.1 Need for defense mechanism against evolving fire scenarios to boost demand for fire suppression systems
           6.2.2 FIRE SPRINKLERS
                    6.2.2.1 Rising awareness of efficacy of fire sprinkler systems in preventing fire-related risks to drive segment
           6.2.3 FIRE DETECTION
                    6.2.3.1 Regulations mandating installation of fire detection systems in commercial and industrial settings to drive segment
           6.2.4 FIRE ANALYTICS
                    6.2.4.1 Ability to provide actionable insights and enhance situational awareness to boost demand for fire analytics
           6.2.5 FIRE RESPONSE
                    6.2.5.1 Need for comprehensive emergency management to induce demand for fire response systems
    6.3 VIDEO SURVEILLANCE SYSTEM 
           TABLE 31 VIDEO SURVEILLANCE SYSTEM: SECURITY SOLUTIONS MARKET, BY TYPE, 2020–2023 (USD BILLION)
           TABLE 32 VIDEO SURVEILLANCE SYSTEM: SECURITY SOLUTIONS MARKET, BY TYPE, 2024–2029 (USD BILLION)
           TABLE 33 VIDEO SURVEILLANCE SYSTEM: SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
           TABLE 34 VIDEO SURVEILLANCE SYSTEM: SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
           6.3.1 CAMERAS
                    6.3.1.1 Advancements in imaging technologies to propel demand for cameras in video surveillance systems
           6.3.2 MONITORS
                    6.3.2.1 Ability to enhance situational awareness and stakeholder collaboration to boost demand for monitors
           6.3.3 STORAGE DEVICES
                    6.3.3.1 Need for secure data sharing and decentralized storage management to drive segmental landscape
           6.3.4 ACCESSORIES
                    6.3.4.1 Need to enhance functionality and performance of interconnected devices to boost demand for accessories
           6.3.5 SOFTWARE
                    6.3.5.1 Need to optimize functionalities of interconnected video surveillance devices to boost demand for software
    6.4 ACCESS CONTROL SYSTEM 
           TABLE 35 ACCESS CONTROL SYSTEM: SECURITY SOLUTIONS MARKET, BY TYPE, 2020–2023 (USD BILLION)
           TABLE 36 ACCESS CONTROL SYSTEM: SECURITY SOLUTIONS MARKET, BY TYPE, 2024–2029 (USD BILLION)
           TABLE 37 ACCESS CONTROL SYSTEM: SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
           TABLE 38 ACCESS CONTROL SYSTEM: SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
           6.4.1 CARD-BASED READERS
                    6.4.1.1 Demand for secure access control and user-friendly experiences to propel adoption of card-based readers
           6.4.2 BIOMETRIC READERS
                    6.4.2.1 Ability to identify and authenticate individuals based on unique physiological or behavioral traits to drive segment
           6.4.3 MULTI-TECHNOLOGY READERS
                    6.4.3.1 Ability to support multiple authentication methods to drive demand for multi-technology readers
           6.4.4 ELECTRONIC LOCKS
                    6.4.4.1 Enhanced security features and flexibility in managing access rights and permissions to foster segmental growth
           6.4.5 ACCESS CONTROLLERS
                    6.4.5.1 Need for enhanced security across diverse security environments to boost demand for access controllers
           6.4.6 SOFTWARE
                    6.4.6.1 Integration of advanced technologies with access control software to drive segment
           6.4.7 OTHERS
    6.5 ENTRANCE CONTROL SYSTEM 
           6.5.1 NEED TO MITIGATE RISKS AND PREVENT UNAUTHORIZED ACCESS TO DRIVE SEGMENT
                    TABLE 39 ENTRANCE CONTROL SYSTEM: SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
                    TABLE 40 ENTRANCE CONTROL SYSTEM: SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
    6.6 INTRUDER ALARM SYSTEM 
           6.6.1 RISING AWARENESS OF SAFETY TO INCREASE DEPLOYMENT OF INTRUDER ALARM SYSTEMS
                    TABLE 41 INTRUDER ALARM SYSTEM: SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
                    TABLE 42 INTRUDER ALARM SYSTEM: SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
    6.7 THERMAL IMAGING SYSTEM 
           6.7.1 GROWING ADOPTION OF THERMAL IMAGING TECHNOLOGY IN LOW-LIGHT CONDITIONS TO ACCELERATE MARKET GROWTH
                    TABLE 43 THERMAL IMAGING SYSTEM: SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
                    TABLE 44 THERMAL IMAGING SYSTEM: SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
           6.7.2 THERMAL CAMERAS
           6.7.3 THERMAL SCOPES
           6.7.4 THERMAL MODULES
 
7 SECURITY SOLUTIONS MARKET, BY SERVICE (Page No. - 110)
    7.1 INTRODUCTION 
           FIGURE 32 SECURITY SYSTEM INTEGRATION SERVICES SEGMENT TO HOLD LARGEST SHARE OF SECURITY SOLUTIONS MARKET DURING FORECAST PERIOD
           TABLE 45 SECURITY SOLUTIONS MARKET, BY SERVICE, 2020–2023 (USD BILLION)
           TABLE 46 SECURITY SOLUTIONS MARKET, BY SERVICE, 2024–2029 (USD BILLION)
    7.2 FIRE PROTECTION SERVICES 
           TABLE 47 FIRE PROTECTION SERVICES: SECURITY SOLUTIONS MARKET, BY TYPE, 2020–2023 (USD BILLION)
           TABLE 48 FIRE PROTECTION SERVICES: SECURITY SOLUTIONS MARKET, BY TYPE, 2024–2029 (USD BILLION)
           TABLE 49 FIRE PROTECTION SERVICES: SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
           TABLE 50 FIRE PROTECTION SERVICES: SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
           7.2.1 MAINTENANCE SERVICES
                    7.2.1.1 Need to ensure performance, reliability, and compliance of fire protection systems to boost demand for maintenance services
           7.2.2 MANAGED SERVICES
                    7.2.2.1 Increasing focus of organizations on safety, compliance, and operational continuity to propel requirement for managed services
           7.2.3 INSTALLATION AND DESIGN SERVICES
                    7.2.3.1 Need for specialized installation and design expertise and tailored fire protection solutions to drive segmental growth
           7.2.4 ENGINEERING SERVICES
                    7.2.4.1 Focus on enhancing effectiveness, reliability, and scalability of fire protection measures to drive segment
           7.2.5 OTHER SERVICES
    7.3 VIDEO SURVEILLANCE SERVICES 
           TABLE 51 VIDEO SURVEILLANCE SERVICES: SECURITY SOLUTIONS MARKET, BY TYPE, 2020–2023 (USD BILLION)
           TABLE 52 VIDEO SURVEILLANCE SERVICES: SECURITY SOLUTIONS MARKET, BY TYPE, 2024–2029 (USD BILLION)
           TABLE 53 VIDEO SURVEILLANCE SERVICES: SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
           TABLE 54 VIDEO SURVEILLANCE SERVICES: SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
           7.3.1 VIDEO SURVEILLANCE AS A SERVICE (VSAAS)
                    7.3.1.1 Increasing demand for cloud-based video surveillance solutions to drive segment
           7.3.2 INSTALLATION AND MAINTENANCE
                    7.3.2.1 Need to ensure optimal performance of video surveillance systems to drive segmental landscape
    7.4 ACCESS CONTROL SERVICES 
           TABLE 55 ACCESS CONTROL SERVICES: SECURITY SOLUTIONS MARKET, BY TYPE, 2020–2023 (USD BILLION)
           TABLE 56 ACCESS CONTROL SERVICES: SECURITY SOLUTIONS MARKET, BY TYPE, 2024–2029 (USD BILLION)
           TABLE 57 ACCESS CONTROL SERVICES: SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
           TABLE 58 ACCESS CONTROL SERVICES: SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
           7.4.1 INSTALLATION AND INTEGRATION
                    7.4.1.1 Need to seamlessly integrate access control systems within existing infrastructures to drive segment
           7.4.2 SUPPORT AND MAINTENANCE
                    7.4.2.1 Growing demand for proactive, responsive, and reliable support and maintenance services to boost segmental growth
    7.5 SECURITY SYSTEM INTEGRATION SERVICES 
           7.5.1 NEED TO CONSOLIDATE SECURITY OPERATIONS AND CENTRALIZE MANAGEMENT FUNCTIONS TO PROPEL SEGMENT
                    TABLE 59 SECURITY SYSTEM INTEGRATION SERVICES: SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
                    TABLE 60 SECURITY SYSTEM INTEGRATION SERVICES: SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
    7.6 REMOTE MONITORING SERVICES 
           7.6.1 FOCUS ON TIMELY IDENTIFICATION AND MITIGATION OF SECURITY RISKS TO INCREASE DEMAND FOR REMOTE MONITORING SERVICES
                    TABLE 61 REMOTE MONITORING SERVICES: SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
                    TABLE 62 REMOTE MONITORING SERVICES: SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
 
8 SECURITY SOLUTIONS MARKET, BY VERTICAL (Page No. - 126)
    8.1 INTRODUCTION 
           FIGURE 33 RESIDENTIAL SEGMENT TO RECORD HIGHEST GROWTH IN SECURITY SOLUTIONS MARKET FROM 2024 TO 2029
           TABLE 63 SECURITY SOLUTIONS MARKET, BY VERTICAL, 2020–2023 (USD BILLION)
           TABLE 64 SECURITY SOLUTIONS MARKET, BY VERTICAL, 2024–2029 (USD BILLION)
    8.2 RESIDENTIAL 
           8.2.1 RISING AWARENESS ABOUT CRIMINAL ACTIVITIES, THEFT, AND SECURITY AMONG HOMEOWNERS TO DRIVE MARKET
                    TABLE 65 RESIDENTIAL: SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
                    TABLE 66 RESIDENTIAL: SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
    8.3 COMMERCIAL 
           8.3.1 INCREASING DEMAND FOR COMMERCIAL ASSET PROTECTION TO ACCELERATE MARKET GROWTH
                    TABLE 67 COMMERCIAL: SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
                    TABLE 68 COMMERCIAL: SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
    8.4 GOVERNMENT 
           8.4.1 SURGE IN DEMAND FOR ACCESS CONTROL SYSTEMS AMONG GOVERNMENT ORGANIZATIONS TO DRIVE MARKET
                    TABLE 69 GOVERNMENT: SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
                    TABLE 70 GOVERNMENT: SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
    8.5 TRANSPORTATION 
           8.5.1 GROWING INVESTMENTS IN SURVEILLANCE FOR MONITORING AND SECURING TRANSPORTATION NETWORKS TO DRIVE MARKET
                    TABLE 71 TRANSPORTATION: SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
                    TABLE 72 TRANSPORTATION: SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
    8.6 RETAIL 
           8.6.1 RISING INCIDENTS OF SHOPLIFTING AND INTERNAL THEFT IN RETAIL VERTICAL TO PROMPT ADOPTION OF SECURITY SOLUTIONS
                    TABLE 73 RETAIL: SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
                    TABLE 74 RETAIL: SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
    8.7 BANKING AND FINANCE 
           8.7.1 NEED TO CURB THEFTS AND ROBBERY IN BANKING VERTICAL TO DRIVE DEMAND FOR SECURITY SOLUTIONS
                    TABLE 75 BANKING AND FINANCE: SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
                    TABLE 76 BANKING AND FINANCE: SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
    8.8 EDUCATION 
           8.8.1 NEED TO MITIGATE THREATS IN EDUCATION SECTOR TO ACCELERATE ADOPTION OF SECURITY SOLUTIONS
                    TABLE 77 EDUCATION: SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
                    TABLE 78 EDUCATION: SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
    8.9 INDUSTRIAL 
           8.9.1 NEED FOR REAL-TIME MONITORING AND OPERATIONAL EFFICIENCY IN INDUSTRIAL SECTOR TO DRIVE MARKET
                    TABLE 79 INDUSTRIAL: SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
                    TABLE 80 INDUSTRIAL: SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
    8.10 ENERGY AND UTILITIES 
           8.10.1 CRITICAL NATURE OF OPERATIONS AND POTENTIAL RISKS INVOLVED TO NECESSITATE ADOPTION OF SECURITY SOLUTIONS
                    TABLE 81 ENERGY AND UTILITIES: SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
                    TABLE 82 ENERGY AND UTILITIES: SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
    8.11 SPORTS AND LEISURE 
           8.11.1 SURGE IN HIGH-PROFILE SPORTING EVENTS TO NECESSITATE ADOPTION OF ROBUST SECURITY SOLUTIONS
                    TABLE 83 SPORTS AND LEISURE: SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
                    TABLE 84 SPORTS AND LEISURE: SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
    8.12 HEALTHCARE 
           8.12.1 VULNERABILITY TO DATA BREACHES DUE TO DIGITALIZATION TO PROPEL ADOPTION OF SECURITY SOLUTIONS IN HEALTHCARE
                    TABLE 85 HEALTHCARE: SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
                    TABLE 86 HEALTHCARE: SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
    8.13 MILITARY AND DEFENSE 
           8.13.1 INCREASING SMUGGLING AND INFILTRATION OF TERRORISTS AND ILLEGAL IMMIGRANTS TO DRIVE MARKET
                    TABLE 87 MILITARY AND DEFENSE: SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
                    TABLE 88 MILITARY AND DEFENSE: SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
 
9 SECURITY SOLUTIONS MARKET, BY REGION (Page No. - 147)
    9.1 INTRODUCTION 
           FIGURE 34 SECURITY SOLUTIONS MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 89 SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
           TABLE 90 SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
    9.2 NORTH AMERICA 
           FIGURE 35 NORTH AMERICA: SECURITY SOLUTIONS MARKET SNAPSHOT
           9.2.1 NORTH AMERICA: RECESSION IMPACT
                    TABLE 91 NORTH AMERICA: SECURITY SOLUTIONS MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
                    TABLE 92 NORTH AMERICA: SECURITY SOLUTIONS MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
                    TABLE 93 NORTH AMERICA: SECURITY SOLUTIONS MARKET, BY SYSTEM, 2020–2023 (USD BILLION)
                    TABLE 94 NORTH AMERICA: SECURITY SOLUTIONS MARKET, BY SYSTEM, 2024–2029 (USD BILLION)
                    TABLE 95 NORTH AMERICA: SECURITY SOLUTIONS MARKET, BY SERVICE, 2020–2023 (USD BILLION)
                    TABLE 96 NORTH AMERICA: SECURITY SOLUTIONS MARKET, BY SERVICE, 2024–2029 (USD BILLION)
                    TABLE 97 NORTH AMERICA: SECURITY SOLUTIONS MARKET, BY VERTICAL, 2020–2023 (USD BILLION)
                    TABLE 98 NORTH AMERICA: SECURITY SOLUTIONS MARKET, BY VERTICAL, 2024–2029 (USD BILLION)
           9.2.2 US
                    9.2.2.1 Increased government efforts to enhance security at public places to drive market
           9.2.3 CANADA
                    9.2.3.1 Increasing government funding for deployment of security and surveillance systems to boost market growth
           9.2.4 MEXICO
                    9.2.4.1 Need to curb illegal activities and drug trafficking to boost demand for security solutions
    9.3 EUROPE 
           FIGURE 36 EUROPE: SECURITY SOLUTIONS MARKET SNAPSHOT
           9.3.1 EUROPE: RECESSION IMPACT
                    TABLE 99 EUROPE: SECURITY SOLUTIONS MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
                    TABLE 100 EUROPE: SECURITY SOLUTIONS MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
                    TABLE 101 EUROPE: SECURITY SOLUTIONS MARKET, BY SYSTEM, 2020–2023 (USD BILLION)
                    TABLE 102 EUROPE: SECURITY SOLUTIONS MARKET, BY SYSTEM, 2024–2029 (USD BILLION)
                    TABLE 103 EUROPE: SECURITY SOLUTIONS MARKET, BY SERVICE 2020–2023 (USD BILLION)
                    TABLE 104 EUROPE: SECURITY SOLUTIONS MARKET, BY SERVICE, 2024–2029 (USD BILLION)
                    TABLE 105 EUROPE: SECURITY SOLUTIONS MARKET, BY VERTICAL, 2020–2023 (USD BILLION)
                    TABLE 106 EUROPE: SECURITY SOLUTIONS MARKET, BY VERTICAL, 2024–2029 (USD BILLION)
           9.3.2 UK
                    9.3.2.1 Increasing adoption of intelligent security systems to provide opportunities for market players
           9.3.3 GERMANY
                    9.3.3.1 Growing investments in development of manufacturing facilities to drive market
           9.3.4 FRANCE
                    9.3.4.1 Integration of smart technologies across various sectors to propel requirement for security solutions
           9.3.5 REST OF EUROPE
    9.4 ASIA PACIFIC 
           FIGURE 37 ASIA PACIFIC: SECURITY SOLUTIONS MARKET SNAPSHOT
           9.4.1 ASIA PACIFIC: RECESSION IMPACT
                    TABLE 107 ASIA PACIFIC: SECURITY SOLUTIONS MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
                    TABLE 108 ASIA PACIFIC: SECURITY SOLUTIONS MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
                    TABLE 109 ASIA PACIFIC: SECURITY SOLUTIONS MARKET, BY SYSTEM, 2020–2023 (USD BILLION)
                    TABLE 110 ASIA PACIFIC: SECURITY SOLUTIONS MARKET, BY SYSTEM, 2024–2029 (USD BILLION)
                    TABLE 111 ASIA PACIFIC: SECURITY SOLUTIONS MARKET, BY SERVICE, 2020–2023 (USD BILLION)
                    TABLE 112 ASIA PACIFIC: SECURITY SOLUTIONS MARKET, BY SERVICE, 2024–2029 (USD BILLION)
                    TABLE 113 ASIA PACIFIC: SECURITY SOLUTIONS MARKET, BY VERTICAL, 2020–2023 (USD BILLION)
                    TABLE 114 ASIA PACIFIC: SECURITY SOLUTIONS MARKET, BY VERTICAL, 2024–2029 (USD BILLION)
           9.4.2 CHINA
                    9.4.2.1 Initiation of various smart city projects to propel adoption of security solutions
           9.4.3 JAPAN
                    9.4.3.1 Growing investments from government and private entities in smart infrastructure development to accelerate market growth
           9.4.4 SOUTH KOREA
                    9.4.4.1 Rising security concerns to provide opportunities for market players
           9.4.5 INDIA
                    9.4.5.1 Rise in public infrastructure projects to augment market growth
           9.4.6 REST OF ASIA PACIFIC
    9.5 REST OF THE WORLD (ROW) 
           9.5.1 ROW: RECESSION IMPACT
                    TABLE 115 ROW: SECURITY SOLUTIONS MARKET, BY REGION, 2020–2023 (USD BILLION)
                    TABLE 116 ROW: SECURITY SOLUTIONS MARKET, BY REGION, 2024–2029 (USD BILLION)
                    TABLE 117 ROW: SECURITY SOLUTIONS MARKET, BY SYSTEM, 2020–2023 (USD BILLION)
                    TABLE 118 ROW: SECURITY SOLUTIONS MARKET, BY SYSTEM, 2024–2029 (USD BILLION)
                    TABLE 119 ROW: SECURITY SOLUTIONS MARKET, BY SERVICE, 2020–2023 (USD BILLION)
                    TABLE 120 ROW: SECURITY SOLUTIONS MARKET, BY SERVICE, 2024–2029 (USD BILLION)
                    TABLE 121 ROW: SECURITY SOLUTIONS MARKET, BY VERTICAL, 2020–2023 (USD BILLION)
                    TABLE 122 ROW: SECURITY SOLUTIONS MARKET, BY VERTICAL, 2024–2029 (USD BILLION)
           9.5.2 MIDDLE EAST & AFRICA
                    9.5.2.1 Growing adoption of security measures due to rapid urbanization to drive market
           9.5.3 SOUTH AMERICA
                    9.5.3.1 Rise in crime rates and theft incidents to drive market
 
10 COMPETITIVE LANDSCAPE (Page No. - 177)
     10.1 INTRODUCTION 
     10.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             TABLE 123 OVERVIEW OF STRATEGIES ADOPTED BY COMPANIES IN SECURITY SOLUTIONS MARKET
     10.3 MARKET SHARE ANALYSIS, 2023 
             FIGURE 38 SECURITY SOLUTIONS MARKET: INDUSTRY CONCENTRATION, 2023
             TABLE 124 SECURITY SOLUTIONS MARKET: DEGREE OF COMPETITION, 2023
             10.3.1 KEY PLAYERS IN SECURITY SOLUTIONS MARKET, 2023
     10.4 REVENUE ANALYSIS OF KEY PLAYERS IN SECURITY SOLUTIONS MARKET 
             FIGURE 39 5-YEAR REVENUE ANALYSIS OF KEY PLAYERS IN SECURITY SOLUTIONS MARKET
     10.5 COMPANY EVALUATION MATRIX: KEY PLAYERS 
             FIGURE 40 SECURITY SOLUTIONS MARKET (GLOBAL): COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
             10.5.1 STARS
             10.5.2 EMERGING LEADERS
             10.5.3 PERVASIVE PLAYERS
             10.5.4 PARTICIPANTS
             10.5.5 COMPANY PRODUCT FOOTPRINT
                        TABLE 125 COMPANY PRODUCT FOOTPRINT
                        TABLE 126 COMPANY SYSTEM FOOTPRINT
                        TABLE 127 COMPANY SERVICE FOOTPRINT
                        TABLE 128 COMPANY VERTICAL FOOTPRINT
                        TABLE 129 COMPANY REGION FOOTPRINT
     10.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES 
             10.6.1 PROGRESSIVE COMPANIES
             10.6.2 RESPONSIVE COMPANIES
             10.6.3 DYNAMIC COMPANIES
             10.6.4 STARTING BLOCKS
                        FIGURE 41 SECURITY SOLUTIONS MARKET: EVALUATION MATRIX (STARTUPS/SMES), 2023
             10.6.5 COMPETITIVE BENCHMARKING
                        TABLE 130 SECURITY SOLUTIONS MARKET: KEY STARTUPS/SMES
                        TABLE 131 STARTUPS/SMES PRODUCT FOOTPRINT
                        TABLE 132 STARTUPS/SMES SYSTEM FOOTPRINT
                        TABLE 133 STARTUPS/SMES SERVICE FOOTPRINT
                        TABLE 134 STARTUPS/SMES VERTICAL FOOTPRINT
                        TABLE 135 STARTUPS/SMES REGION FOOTPRINT
     10.7 COMPETITIVE SCENARIOS AND TRENDS 
             TABLE 136 SECURITY SOLUTIONS MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, SEPTEMBER 2020 TO DECEMBER 2023
             TABLE 137 SECURITY SOLUTIONS MARKET: DEALS, FEBRUARY 2021 TO DECEMBER 2023
 
11 COMPANY PROFILES (Page No. - 206)
     11.1 KEY PLAYERS 
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*  
             11.1.1 JOHNSON CONTROLS
                        TABLE 138 JOHNSON CONTROLS: COMPANY OVERVIEW
                        FIGURE 42 JOHNSON CONTROLS: COMPANY SNAPSHOT
                        TABLE 139 JOHNSON CONTROLS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 140 JOHNSON CONTROLS: PRODUCT LAUNCHES
                        TABLE 141 JOHNSON CONTROLS: DEALS
             11.1.2 HONEYWELL INTERNATIONAL INC.
                        TABLE 142 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
                        FIGURE 43 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
                        TABLE 143 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 144 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES
                        TABLE 145 HONEYWELL INTERNATIONAL INC.: DEALS
             11.1.3 ROBERT BOSCH GMBH
                        TABLE 146 ROBERT BOSCH GMBH: COMPANY OVERVIEW
                        FIGURE 44 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
                        TABLE 147 ROBERT BOSCH GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 148 ROBERT BOSCH GMBH: PRODUCT LAUNCHES
                        TABLE 149 ROBERT BOSCH GMBH: DEALS
             11.1.4 ADT
                        TABLE 150 ADT: COMPANY OVERVIEW
                        FIGURE 45 ADT: COMPANY SNAPSHOT
                        TABLE 151 ADT: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 152 ADT: PRODUCT LAUNCHES
                        TABLE 153 ADT: DEALS
             11.1.5 HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.
                        TABLE 154 HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
                        FIGURE 46 HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT
                        TABLE 155 HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 156 HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.: PRODUCT LAUNCHES
                        TABLE 157 HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.: DEALS
             11.1.6 DAHUA TECHNOLOGY CO., LTD.
                        TABLE 158 DAHUA TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
                        FIGURE 47 DAHUA TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT
                        TABLE 159 DAHUA TECHNOLOGY CO., LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 160 DAHUA TECHNOLOGY CO., LTD.: PRODUCT LAUNCHES
             11.1.7 AXIS COMMUNICATIONS AB
                        TABLE 161 AXIS COMMUNICATIONS AB: COMPANY OVERVIEW
                        TABLE 162 AXIS COMMUNICATIONS AB: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 163 AXIS COMMUNICATIONS AB: PRODUCT LAUNCHES
                        TABLE 164 AXIS COMMUNICATIONS AB: DEALS
             11.1.8 SECOM CO., LTD.
                        TABLE 165 SECOM CO., LTD.: COMPANY OVERVIEW
                        FIGURE 48 SECOM CO., LTD.: COMPANY SNAPSHOT
                        TABLE 166 SECOM CO., LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 167 SECOM CO., LTD.: PRODUCT LAUNCHES
             11.1.9 SIEMENS
                        TABLE 168 SIEMENS: COMPANY OVERVIEW
                        FIGURE 49 SIEMENS: COMPANY SNAPSHOT
                        TABLE 169 SIEMENS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             11.1.10 ASSA ABLOY
                        TABLE 170 ASSA ABLOY: COMPANY OVERVIEW
                        FIGURE 50 ASSA ABLOY: COMPANY SNAPSHOT
                        TABLE 171 ASSA ABLOY: PRODUCTS/SERVICES/SOLUTIONS OFFERED
     11.2 OTHER PLAYERS 
             11.2.1 HALMA PLC
                        TABLE 172 HALMA PLC: COMPANY OVERVIEW
             11.2.2 HOCHIKI CORPORATION
                        TABLE 173 HOCHIKI CORPORATION: COMPANY OVERVIEW
             11.2.3 DORMAKABA GROUP
                        TABLE 174 DORMAKABA GROUP: COMPANY OVERVIEW
             11.2.4 TELEDYNE FLIR LLC
                        TABLE 175 TELEDYNE FLIR LLC: COMPANY OVERVIEW
             11.2.5 ALLEGION PLC
                        TABLE 176 ALLEGION PLC: COMPANY OVERVIEW
             11.2.6 NICE S.P.A.
                        TABLE 177 NICE S.P.A.: COMPANY OVERVIEW
             11.2.7 GODREJ GROUP
                        TABLE 178 GODREJ GROUP: COMPANY OVERVIEW
             11.2.8 ALARM.COM
                        TABLE 179 ALARM.COM: COMPANY OVERVIEW
             11.2.9 MOTOROLA SOLUTIONS, INC.
                        TABLE 180 MOTOROLA SOLUTIONS, INC.: COMPANY OVERVIEW
             11.2.10 DALLMEIER ELECTRONIC
                        TABLE 181 DALLMEIER ELECTRONIC: COMPANY OVERVIEW
             11.2.11 SECURITAS TECHNOLOGY
                        TABLE 182 SECURITAS TECHNOLOGY: COMPANY OVERVIEW
             11.2.12 GUNNEBO AB
                        TABLE 183 GUNNEBO AB: COMPANY OVERVIEW
             11.2.13 SNAP ONE, LLC
                        TABLE 184 SNAP ONE, LLC: COMPANY OVERVIEW
             11.2.14 BRINKS HOME
                        TABLE 185 BRINKS HOME: COMPANY OVERVIEW
             11.2.15 VERKADA INC.
                        TABLE 186 VERKADA INC.: COMPANY OVERVIEW
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.  
 
12 APPENDIX (Page No. - 264)
     12.1 DISCUSSION GUIDE 
     12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     12.3 CUSTOMIZATION OPTIONS 
     12.4 RELATED REPORTS 
     12.5 AUTHOR DETAILS 
 

 

The study involved four major activities in estimating the current size of the security solutions market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary sources for this research study included corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; certified publications; articles by recognized authors; directories; and databases. The secondary data was collected and analyzed to determine the overall market size, further validated through primary research.

List of major secondary sources

SOURCE

WEB LINK

Federal Communications Commission (FCC)

https://www.fcc.gov/

National Institute of Standards and Technology (NIST)

https://www.nist.gov/

Ministry of Electronics and Information Technology (MeitY)

https://www.meity.gov.in/

Ministry of Industry and Information Technology (MIIT)

https://english.miit.gov.cn/

Ministry of Internal Affairs and Communications (MIC)

https://www.soumu.go.jp/english/

Primary Research

Extensive primary research was conducted after gaining knowledge about the current scenario of the security solutions market through secondary research. Several primary interviews were conducted with experts from both demand and supply sides across four major regions—North America, Europe, Asia Pacific, and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.

Security Solutions Market
 Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the size of the security solutions market and its various dependent submarkets. The key players in the market were identified through secondary research, and their market share in the respective regions was determined through primary and secondary research. This entire procedure involved the study of annual and financial reports of top players and extensive interviews with industry leaders such as chief executive officers (CEOs), vice presidents (VPs), directors, and marketing executives. All percentage shares and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.

Bottom-Up Approach

The bottom-up approach was used to arrive at the overall size of the security solutions market from the revenues of the key players and their shares in the market. The overall market size was calculated based on the revenues of the key players identified in the market.

  • Identifying various verticals using or expected to implement security solutions
  • Analyzing each verticals, along with the major related companies and security solutions providers
  • Estimating the security solutions market for verticals
  • Understanding the demand generated by companies operating across different verticals
  • Tracking the ongoing and upcoming implementation of projects based on security solutions technology by vertical and forecasting the market based on these developments and other critical parameters
  • Carrying out multiple discussions with the key opinion leaders to understand the type of security solutions products designed and developed vertically. This information would help analyze the breakdown of the scope of work carried out by each major company in the security solutions market
  • Arriving at the market estimates by analyzing security solutions companies as per their countries, and subsequently combining this information to arrive at the market estimates by region
  • Verifying and cross-checking the estimates at every level through discussions with the key opinion leaders, including CXOs, directors, and operations managers, and finally with domain experts at MarketsandMarkets
  • Studying various paid and unpaid sources of information, such as annual reports, press releases, white papers, and databases

Security Solutions Market
 Size, and Bottom-Up Approach

Top-Down Approach

In the top-down approach, the overall market size has been used to estimate the size of the individual markets (mentioned in the market segmentation) through percentage splits from secondary and primary research.

To calculate the market size of specific segments, the most appropriate immediate parent market size has been used to implement the top-down approach. The top-down approach was implemented for the data extracted from the secondary research to validate the market size obtained.

The market share of each company was estimated to verify the revenue shares used earlier in the top-down approach. The overall parent market size and individual market sizes were determined and confirmed in this study by the data triangulation method and the validation of data through primaries. The data triangulation method used in this study is explained in the next section.

  • Focusing on top-line investments and expenditures being made in the ecosystems of various verticals.
  • Building and developing the information related to the market revenue generated by key security solutions manufacturers
  • Conducting multiple on-field discussions with the key opinion leaders involved in the development of security solutions products in various verticals
  • Estimating geographic splits using secondary sources based on various factors, such as the number of players in a specific country and region, the offering of security solutions, and the level of solutions offered in verticals
  • Impact of the recession on the steps mentioned above has also been considered.

Security Solutions Market
 Size, and Top-Down Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the data triangulation procedure has been employed wherever applicable. The data has been triangulated by studying various factors and trends from both demand and supply sides. Along with this, the market size has been validated using top-down and bottom-up approaches.

Market Definition

Security solutions encompass a comprehensive set of measures, technologies, and practices designed to protect physical assets, facilities, and individuals from unauthorized access, theft, vandalism, and other potential threats. These solutions often include a combination of hardware and software components such as access control systems, surveillance cameras, perimeter barriers (e.g., fences, gates), alarm systems, biometric identification systems, and visitor management systems. The primary goal is to create a secure environment that deters intrusions, monitors activities and responds promptly to security incidents. By deploying tailored physical security solutions, organizations can safeguard their premises, assets, and personnel, thereby mitigating risks, ensuring safety compliance, and maintaining operational continuity.

Key Stakeholders

  • Security System Providers
  • End-User Organizations
  • System Integrators
  • Consultants and Advisory Firms
  • Regulatory Bodies and Compliance Agencies
  • Technology Vendors
  • Security Service Providers
  • Distributors and Resellers
  • Industry Associations and Organizations
  • Investors and Financial Institutions

Report Objectives

  • To define, describe, and forecast the security solutions market based on system, services, vertical, and region.
  • To forecast the size of the market segments for four major regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micro-markets with respect to individual growth trends, prospects, and contributions to the total market
  • To study the complete value chain and allied industry segments and perform a value chain analysis of the market
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies
  • To analyze the opportunities in the market for stakeholders and describe the competitive landscape of the market
  • To analyze competitive developments such as collaborations, agreements, partnerships, product developments, and research & development (R&D) in the market
  • To analyze the impact of the recession on the security solutions market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • Detailed analysis and profiling of additional market players (up to 5)
  • Additional country-level analysis of the security solutions market

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the security solutions market.
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
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Published ON
Jan, 2024
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