HOME Top Market Reports Security Solutions Market by Type [Products (Fire Protection, Video Surveillance, Access Control) and Services (System Integration, Remote Monitoring, Fire Protection, VSaaS, ACaaS)], End-use Industry, and Geography - Global Forecast to 2022

Security Solutions Market by Type [Products (Fire Protection, Video Surveillance, Access Control) and Services (System Integration, Remote Monitoring, Fire Protection, VSaaS, ACaaS)], End-use Industry, and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: March 2017
Report Code: SE 3405

 

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The security solutions market is expected to reach USD 372.90 Billion by 2022 at a CAGR of 10.16% between 2017 and 2022. The base year considered for the study is 2016, and the forecast period is between 2017 and 2022. The growth of the security solutions market is driven by factors such as the necessity to safeguard individuals as well as property from rapidly evolving threats, increasing consumer awareness & security concerns, willingness to pay for security systems, growing demand for the deployment of wireless technology in security systems, and adoption of IoT-based security systems.

The report aims at estimating the market size and future growth potential of the security solutions market based on type, end-use industry, and region. The report analyzes the market structure by identifying various subsegments of the security solutions market. It aims at identifying the major market trends and factors driving or restraining the growth of the security solutions market and its various submarkets. It also analyzes the Porter’s Five Forces model in detail along with the value chain analysis of the security solutions market, along with opportunities in the market for stakeholders by identifying the high-growth segments of the security products ecosystem. It strategically profiles the key players in the security solutions market and comprehensively analyzes their market size and core competencies in each segment.

The research methodology used to estimate and forecast the security solutions market begins with capturing data on key vendor revenue through secondary research. Some of the secondary sources used in this research include information from various fire protection associations and organizations such as the National Fire Protection Association (U.S.) and Security Solutions Magazine (Australia), among others. Vendor offerings have also been taken into consideration to determine the market segmentation.

The bottom-up procedure has been employed to arrive at the overall size of the security solutions market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedure has been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primaries is depicted in the following figure:

Security Solutions Market

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

The security solutions market ecosystem includes research & development associations, manufacturers & suppliers, wearable product manufacturers, software solution providers, and end users. The security solutions market comprises major players, such as ASSA ABLOY AB (Sweden), Bosch Security Systems (Germany), Honeywell International, Inc. (U.S.), Tyco International Ltd (U.S.), UTC Fire & Security (U.S.), ADT Corp(U.S.), Alarm.com (U.S.), Allegion (U.S.),Control4 (U.S.), Godrej & Boyce Manufacturing Company Limited (India), Ingersoll Rand Solutions (Ireland), Nortek Security & Control LLC (U.S.),Hikvision Digital Technology Co.Lt (China), SECOM Co., Ltd (Japan), Stanley Security Solutions (Indiana), Axis Communications AB (Sweden), Zhejiang Dahua Technology Co., Ltd (China).

Target Audience of the Report:

The intended audience for this report includes:

  • Product manufacturers
  • Software solution providers
  • Network providers
  • System integrators
  • Housing developers
  • Trade distributors
  • Investors
  • Research organizations

Scope of the Report

The research report segments the security solutions market into the following sections:

Scope of the Report

The security solutions market, in terms of type, end-use industry, and region has been covered in detail in this report. To provide a consolidated picture, the current market demand and forecasts have also been included in the report. The security solutions market has been segmented as follows:

By Type:

  • Product
    • Fire protection
    • Video surveillance
    • Access control
    • Entrance control
    • Intruder alarms
    • Wireless systems
    • Thermal cameras
  • Services
    • Security systems integration
    • Remote monitoring services
    • Fire protection services
    • Video surveillance services
    • Access control services

By End-use Industry:

  • Commercial
  • Residential
  • Government
  • Transportation
  • Retail
  • Banking & finance
  • Education
  • Industrial
  • Energy & utility
  • Sports & leisure
  • Healthcare

By Region:

  • Americas
  • Asia-Pacific
  • Europe
  • Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

  • Market size for 2017, 2019, and 2021 for segments such as type, end user industry, and geography.
  • Company information: detailed analysis and profiling of additional five market players.

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Geographic Scope
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Introduction
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 37)
    4.1 Lucrative Opportunities in the Security Solutions Market
    4.2 Security Solutions Market for Residential Industry, By Type
    4.3 Geographical Snapshot of the Security Solutions Market
    4.4 Market for Video Surveillance Products, By Offering
    4.5 Fire Protection Product Market Held the Largest Share of the Security Solutions Market in 2016
    4.6 Security Solutions Market in APAC, By Country

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Security Solutions Market, By Type
           5.2.2 Security Solutions, By End-User Industry
           5.2.3 Security Solutions Market, By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Necessity to Protect Individuals as Well as Assets From Rapidly Evolving Threats
                    5.3.1.2 Increasing Consumer Awareness and Security Concerns and Willingness to Pay for Security Systems
                    5.3.1.3 Growing Demand for the Deployment of Wireless Technology in Security Systems
                    5.3.1.4 Adoption of Iot-Based Security Systems
           5.3.2 Restraints
                    5.3.2.1 Lack of Technical Knowledge Required to Use Security Solutions
                    5.3.2.2 High Cost of Installation and Maintenance
           5.3.3 Opportunities
                    5.3.3.1 Proliferation of “Smart Cities” Initiatives Worldwide
           5.3.4 Challenges
                    5.3.4.1 to Maintain the Secrecy of Information Through Secure Passwords and Effective Cyber Security Measures
                    5.3.4.2 Managing Customer Attrition

6 Industry Trends (Page No. - 50)
    6.1 Introduction
    6.2 Value Chain Analysis
           6.2.1 Research and Development
           6.2.2 Manufacturing
           6.2.3 Distribution
           6.2.4 Implementation and Installation
           6.2.5 Post-Sales Services
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Buyers
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Intensity of Competitive Rivalry

7 Security Solutions Market, By Type (Page No. - 57)
    7.1 Introduction
    7.2 Security Products
           7.2.1 Fire Protection Systems
                    7.2.1.1 Hardware
                               7.2.1.1.1 Fire Sprinklers
                               7.2.1.1.2 Fire Extinguishers
                               7.2.1.1.3 Secure Communication Products
                               7.2.1.1.4 Sensors and Detectors
                               7.2.1.1.5 Radio-Frequency Identification (RFID) Solutions
                               7.2.1.1.6 Fire Alarm Devices
                               7.2.1.1.7 Emergency Lighting
                               7.2.1.1.8 Voice Evacuation and Public Alerts
                               7.2.1.1.9 Others
                    7.2.1.2 Software
                               7.2.1.2.1 Fire Mapping and Analysis Software
                               7.2.1.2.2 Fire Modeling and Simulation Software
           7.2.2 Video Surveillance Systems
                    7.2.2.1 Hardware
                               7.2.2.1.1 Cameras
                               7.2.2.1.2 Monitors
                               7.2.2.1.3 Servers
                               7.2.2.1.4 Storage Systems
                               7.2.2.1.5 Other Accessories
                    7.2.2.2 Software
                               7.2.2.2.1 Video Analytics
                               7.2.2.2.2 Video Management System (VMS)
                               7.2.2.2.3 Neural Networks and Algorithms
           7.2.3 Access Control Systems
                    7.2.3.1 Hardware
                               7.2.3.1.1 Access Control Controllers/Servers
                               7.2.3.1.2 Cards and Readers
                                             7.2.3.1.2.1 Magnetic Stripe Readers
                                             7.2.3.1.2.2 Proximity Cards and Readers
                                             7.2.3.1.2.3 Smartcards and Readers
                               7.2.3.1.3 Biometric Readers
                                             7.2.3.1.3.1 Finger Print Reader
                                             7.2.3.1.3.2 Hand Geometry
                                             7.2.3.1.3.3 Iris Recognition
                                             7.2.3.1.3.4 Face Recognition
                               7.2.3.1.4 Electronic Locks
                                             7.2.3.1.4.1 Electromagnetic Locks
                                             7.2.3.1.4.2 Electric Strike Locks
                                             7.2.3.1.4.3 Wireless Locks
                               7.2.3.1.5 Multi-Technology Readers
                    7.2.3.2 Software
           7.2.4 Entrance Control Systems
           7.2.5 Intruder Alarms
           7.2.6 Thermal Cameras
           7.2.7 Wireless Systems
    7.3 Services
           7.3.1 Security Systems Integration
           7.3.2 Remote Monitoring Services
           7.3.3 Fire Protection Services
                    7.3.3.1 Engineering Services
                    7.3.3.2 Installation and Design
                    7.3.3.3 Maintenance Services
                    7.3.3.4 Managed Services
                    7.3.3.5 Others
           7.3.4 Video Surveillance Services
                    7.3.4.1 Installation and Maintenance
                    7.3.4.2 Video Surveillance as A Service (VSaaS)
           7.3.5 Access Control Services
                    7.3.5.1 Installation and Integration
                    7.3.5.2 Maintenance Services
                    7.3.5.3 Access Control as A Service (ACaaS)

8 Security Solutions Market, By End-User Industry (Page No. - 97)
    8.1 Introduction
    8.2 Commercial
    8.3 Residential
    8.4 Government
    8.5 Transportation
    8.6 Retail
    8.7 Banking and Finance
    8.8 Education
    8.9 Industrial
    8.10 Energy and Utility
    8.11 Sports and Leisure
    8.12 Healthcare

9 Geographic Analysis (Page No. - 114)
    9.1 Introduction
    9.2 Americas
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Mexico
           9.2.4 Brazil
           9.2.5 Others
    9.3 Europe
           9.3.1 Germany
           9.3.2 U.K.
           9.3.3 France
           9.3.4 Italy
           9.3.5 Russia
           9.3.6 Others
    9.4 Asia Pacific
           9.4.1 China
           9.4.2 Japan
           9.4.3 South Korea
           9.4.4 India
           9.4.5 Others
    9.5 Rest of the World
           9.5.1 Middle East
           9.5.2 Africa

10 Competitive Landscape (Page No. - 151)
     10.1 Overview
     10.2 Ranking of Key Players in the Security Solutions Market in 2016
     10.3 Ranking Analysis of Players in the Security Solutions Market in 2016
     10.4 Competitive Situations and Trends
             10.4.1 New Product Launches
             10.4.2 New Product Developments
             10.4.3 Partnerships, Agreements, and, Collaborations
             10.4.4 Mergers & Acquisitions
             10.4.5 Product Expansions

11 Company Profiles (Page No. - 162)
     11.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments,SWOT Analysis, Ratio Analysis, MnM View)*
     11.2 ADT Corporation
     11.3 Hangzhou Hikvision Digital Technology Co., Ltd.
     11.4 Honeywell International Inc.
     11.5 Secom Co., Ltd.
     11.6 Tyco International PLC
     11.7 Assa Abloy AB
     11.8 Bosch Security Systems
     11.9 UTC Fire & Security
     11.10 Alarm.Com
     11.11 Allegion PLC
     11.12 Control4 Corporation
     11.13 Godrej & Boyce Manufacturing Company Limited
     11.14 Ingersoll Rand Solutions
     11.15 Nortek Security & Control LLC (U.S.)
     11.16 Axis Communications AB
     11.17 Dahua Technology Co., Ltd.
     11.18 Stanley Security Solutions, Inc.
     11.19 Key Innovators
             11.19.1 Introduction
             11.19.2 Dallmeier Electronic GmbH & Co.Kg
             11.19.3 Cognitec Systems GmbH
             11.19.4 Ring

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 211)
     12.1 Insights of Industry Experts
     12.2 Questionnaire for the Security Solutions Market
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Report
     12.7 Author Details


List of Tables (78 Tables)

Table 1 Security Solutions Market, By Type, 2015–2022 (USD Billion)
Table 2 Property Crime Rates in U.S., 2015
Table 3 Porter’s Five Forces Analysis: Intensity of Competitive Rivalry and Bargaining Power of Buyers Likely to Have A High Impact on the Security Solutions Market
Table 4 Security Solutions Market, By Type, 2015–2022 (USD Billion)
Table 5 Security Solutions Market, By Product, 2015–2022 (USD Billion)
Table 6 Fire Protection Systems Market, By Offering, 2015–2022 (USD Billion)
Table 7 Fire Protection Systems Market for Hardware, By Product, 2015–2022 (USD Billion)
Table 8 Fire Protection Systems Market for Software, By Type, 2015–2022 (USD Billion)
Table 9 Fire Protection Products Market, By Region, 2015–2022 (USD Billion)
Table 10 Video Surveillance Systems Market, By Offering, 2015–2022 (USD Billion)
Table 11 Video Surveillance Systems Market for Hardware, By Product, 2015–2022 (USD Billion)
Table 12 Video Surveillance Systems Market for Software, By Type, 2015–2022 (USD Billion)
Table 13 Security Products Market, By Region, 2015–2022 (USD Billion)
Table 14 Video Surveillance Products Market, By Region, 2015–2022 (USD Billion)
Table 15 Access Control Systems Market, By Offering, 2015–2022 (USD Billion)
Table 16 Access Control Systems Market for Hardware, By Product, 2015–2022 (USD Billion)
Table 17 Cards and Readers Market, By Type, 2015–2022 (USD Million)
Table 18 Biometric Readers Market, By Type, 2015–2022 (USD Million)
Table 19 Electronic Locks Market, By Type, 2015–2022 (USD Million)
Table 20 Access Control Systems Market, By Region, 2015–2022 (USD Billion)
Table 21 Entrance Control Systems Market, By Region, 2015–2022 (USD Billion)
Table 22 Intruder Alarms Market, By Region, 2015–2022 (USD Million)
Table 23 Thermal Cameras Market, By Region, 2015–2022 (USD Million)
Table 24 Wireless Systems Market, By Region, 2015–2022 (USD Million)
Table 25 Security Solutions Market, By Service, 2015–2022 (USD Billion)
Table 26 Security Services Market, By Region, 2015–2022 (USD Billion)
Table 27 Security Systems Integration Services Market, By Region, 2015–2022 (USD Billion)
Table 28 Remote Monitoring Services Market, By Region, 2015–2022 (USD Billion)
Table 29 Fire Protection Services Market, By Type, 2015–2022 (USD Billion)
Table 30 Fire Protection Services Market, By Region, 2015–2022 (USD Billion)
Table 31 Video Surveillance Services Market, By Type, 2015–2022 (USD Billion)
Table 32 Video Surveillance Services Market, By Region, 2015–2022 (USD Million)
Table 33 Access Control Services Market, By Type, 2015–2022 (USD Billion)
Table 34 ACaaS Market, By Region, 2015–2022 (USD Million)
Table 35 Security Solutions Market, By End-User Industry, 2015–2022 (USD Billion)
Table 36 Security Products Market, By End-User Industry, 2015–2022 (USD Billion)
Table 37 Security Services Market, By End-User Industry, 2015–2022 (USD Billion)
Table 38 Security Solutions Market for Commercial End-User Industry, By Type, 2015–2022 (USD Billion)
Table 39 Security Solutions Market for Residential End-User Industry, By Type, 2015–2022 (USD Billion)
Table 40 Security Solutions Market for Government End-User Industry, By Type, 2015–2022 (USD Billion)
Table 41 Security Solutions Market for Transportation End-User Industry, By Type, 2015–2022 (USD Billion)
Table 42 Security Solutions Market for Retail End-User Industry, By Type, 2015–2022 (USD Billion)
Table 43 Security Solutions Market for Banking and Finance End-User Industry, By Type, 2015–2022 (USD Billion)
Table 44 Market for Education End-User Industry, By Type, 2015–2022 (USD Billion)
Table 45 Security Solutions Market for Industrial End-User Industry, By Type, 2015–2022 (USD Billion)
Table 46 Market for Energy and Utility End-User Industry, By Type, 2015–2022 (USD Billion)
Table 47 Security Solutions Market for Sports and Leisure End-User Industry, By Type, 2015–2022 (USD Billion)
Table 48 Market for Healthcare End-User Industry, By Type, 2015–2022 (USD Billion)
Table 49 Security Solutions Market, By Region, 2015–2022 (USD Billion)
Table 50 Security Solutions Market in Americas, By Type, 2015–2022 (USD Billion)
Table 51 Market in American, By Product, 2015–2022 (USD Billion)
Table 52 Market in Americas, By Country, 2015–2022 (USD Billion)
Table 53 Security Solutions Market for Services in Americas, By Type, 2015–2022 (USD Billion)
Table 54 Market in Americas, By End-User Industry, 2015–2022 (USD Billion)
Table 55 Market in Americas, By End-User Industry, 2015–2022 (USD Billion)
Table 56 Market in Europe, By Type, 2015–2022 (USD Billion)
Table 57 Market in Europe, By Product, 2015–2022 (USD Million)
Table 58 Market in Europe, By Country, 2015–2022 (USD Billion)
Table 59 Security Solutions Market for Services in Europe, By Type, 2015–2022 (USD Billion)
Table 60 Market in Europe, By End-User Industry, 2015–2022 (USD Billion)
Table 61 Market in Europe, By End-User Industry, 2015–2022 (USD Billion)
Table 62 Security Solutions Market in APAC, By Type 2015–2022 (USD Billion)
Table 63 Market in APAC, By Product, 2015–2022 (USD Million)
Table 64 Market in APAC, By Country, 2015–2022 (USD Billion)
Table 65 Market for Services in APAC, By Type, 2015–2022 (USD Billion)
Table 66 Market in APAC, By End-User Industry, 2015–2022 (USD Billion)
Table 67 Market in APAC, By End-User Industry, 2015–2022 (USD Billion)
Table 68 Security Solutions Market in RoW, By Type, 2015–2022 (USD Billion)
Table 69 Market in RoW, By Product, 2015–2022 (USD Million)
Table 70 Market in RoW, By Region, 2015–2022 (USD Billion)
Table 71 Security Solutions Market for Services in RoW, By Type, 2015–2022 (USD Million)
Table 72 Security Products Market in RoW, By End-User Industry, 2015–2022 (USD Billion)
Table 73 Security Services Market in RoW, By End-User Industry, 2015–2022 (USD Billion)
Table 74 New Product Launches (2014–2017)
Table 75 New Product Developments (2015–2017)
Table 76 Partnerships, Agreements, and Collaborations (2016)
Table 77 Mergers & Acquisitions (2015–2017)
Table 78 Product Expansions (2016)


List of Figures (94 Figures)

Figure 1 Markets Covered
Figure 2 Security Solutions Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Market for Security Products Expected to Grow at A Higher Rate During Forecast Period
Figure 7 Security Solutions Market for Wireless Systems Expected to Grow at the Highest Rate Between 2017 and 2022
Figure 8 Security System Integration Services Estimated to Hold the Largest Market Size Between 2017 and 2022
Figure 9 Residential End User Industry Estimated to Grow at the Highest Rate During 2017–2022
Figure 10 Americas Accounted for the Largest Share of the Security Solutions Market in 2016
Figure 11 Rising Demand for Security Solutions to Boost Growth of the Global Security Solutions Market During the Forecast Period
Figure 12 Security Products for Residential Industry Expected to Exhibit the Highest Growth Between 2017 and 2022
Figure 13 Security Solutions Market in China Expected to Grow at the Highest Rate Between 2017 and 2022
Figure 14 Video Surveillance Security Product Market for Software Offerings Expected to Grow at A Higher Rate Between 2017 and 2022
Figure 15 China Expected to Lead the Security Solutions Market Between 2017 and 2022
Figure 16 Security Solutions Market Dynamics
Figure 17 Market for Semiconductors and Sensors for IoT Devices, 2015–2025 (USD Billion)
Figure 18 Value Chain Analysis of the Security Solutions Market
Figure 19 Porter’s Five Forces Analysis: Security Solutions Market (2016)
Figure 20 Security Solutions Market: Porter’s Five Forces Analysis (2016)
Figure 21 Security Solutions Market: Threat of New Entrants
Figure 22 Market: Threat of Substitutes
Figure 23 Market: Bargaining Power of Buyers
Figure 24 Market: Bargaining Power of Suppliers
Figure 25 Market: Intensity of Competitive Rivalry
Figure 26 Security Solution Market, By Type
Figure 27 Market for Security Products Expected to Grow at A Higher Rate Between 2017 and 2022
Figure 28 Video Surveillance Systems Expected to Capture the Largest Market Size During the Forecast Period
Figure 29 Security Solutions Market for Fire Alarm Devices Expected to Grow at the Highest Rate Between 2017and 2022
Figure 30 The Video Surveillance System Market for Software Expected to Grow at A Higher Rate During the Forecast Period
Figure 31 Cameras Expected to Dominate the Video Surveillance Systems Market for Hardware Segment Between 2017and 2022
Figure 32 Video Management System Expected to Lead the Video Surveillance Software Market Between 2017 and 2022
Figure 33 APAC Estimated to Capture the Largest Size of the Security Products Market During the Forecast Period
Figure 34 Hardware Segment Estimated to Hold A Larger Size of the Access Control Systems Market Between 2017 and 2022
Figure 35 Face Recognition Segment of the Security Solutions Market for Biometric Readers Expected to Grow at Highest Rate During the Forecast Period
Figure 36 Market for Video Surveillance Services Expected to Grow at the Highest Rate During the Forecast Period
Figure 37 Maintenance Services Expected to Dominate the Fire Protection Services Market During the Forecast Period
Figure 38 Security Solution Market, By End-User Industry
Figure 39 The Residential Segment in Security Solution Market Expected to Grow at the Highest Rate During Forecast Period
Figure 40 Security Solutions Market for Energy and Utility Industry Expected to Grow at the Highest Rate Between 2017 and 2022
Figure 41 Residential Segment Expected to Exhibit the Highest Growth Rate During the Forecast Period
Figure 42 Services Market for Commercial Industry Estimated to Hold A Larger Market Size During the Forecast Period
Figure 43 Security Products Market for Residential Industry Expected to Grow at A Higher Rate During the Forecast Period
Figure 44 Security Products Market for Transportation Industry Expected to Grow at A Higher Rate During the Forecast Period
Figure 45 Security Solutions Market, By Geography
Figure 46 Security Solutions Market in APAC Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 47 Americas: Security Solutions Market Snapshot
Figure 48 Market for Product in the Americas Expected to Witness A Higher Growth Rate Between 2017 and 2022
Figure 49 U.S. to Lead the Security Solutions Market in North America Between 2017 and 2022
Figure 50 Market for Residential End-User Industry in the Americas to Grow at the Highest Rate Between 2017 and 2022
Figure 51 Residential Security Solutions Market in Americas Expected to Grow at the Highest Rate During the Forecast Period
Figure 52 Europe: Security Solutions Market Snapshot
Figure 53 Germany Expected to Witness the Highest Growth Rate in the European Security Solutions Market During the Forecast Period
Figure 54 Security Systems Integration Service Market in Europe Estimated to Hold the Largest Market Size By 2022
Figure 55 Market for Energy & Utility End-User Industry in Europe to Grow at the Highest Rate Between 2017 and 2022
Figure 56 APAC; Security Solutions Market Snapshot
Figure 57 Market for Security Products in APAC Estimated to Grow at the Highest Rate Between 2017 and 2022
Figure 58 China Expected to Lead the Security Solutions Market in APAC During the Forecast Period
Figure 59 Market for the Transportation End-User Industry in APAC Expected to Grow at the Highest Rate During the Forecast Period
Figure 60 RoW: Security Solutions Market Snapshot
Figure 61 Market for Services in RoW Estimated to Grow at A Higher Rate During the Forecast Period
Figure 62 Wireless Security System Market for RoW Expected to Grow at the Highest Rate During the Forecast Period
Figure 63 Africa Expected to Witness the Highest Growth Rate in the Security Solutions Market in RoW During the Forecast Period
Figure 64 Security Systems Integration Service Market in RoW for Security Solutions Expected to Hold the Largest Market Size By 2022
Figure 65 Security Solutions Market in RoW for the Commercial Industry to Hold the Largest Market Size By 2022
Figure 66 Market for the Residential End-User Industry in RoW Expected to Grow at the Highest Rate During the Forecast Period
Figure 67 Companies Adopted New Product Launches and Developments as the Key Growth Strategies Between 2014 and 2017
Figure 68 Battle for Market Share: Companies Follow New Product Launches and Developments as Key Strategies During 2014–2017
Figure 69 Market Evolution Framework —New Product Launches is Responsible for the Growth of the Security Solutions Market Between 2014 and 2017
Figure 70 Geographic Revenue Mix of the Major Market Players (2016)
Figure 71 ADT Corporation: Company Snapshot
Figure 72 ADT Corporation: SWOT Analysis
Figure 73 Hangzhou Hikvision Digital Technology Co., Ltd.: Company Snapshot
Figure 74 Hangzhou Hikvision Digital Technology Co.,Ltd.: SWOT Analysis
Figure 75 Honeywell International Inc.: Company Snapshot
Figure 76 Honeywell International Inc.: SWOT Analysis
Figure 77 Secom Co., Ltd: Company Snapshot
Figure 78 Secom Co., Ltd.: SWOT Analysis
Figure 79 Tyco International PLC: Company Snapshot
Figure 80 Tyco International PLC: SWOT Analysis
Figure 81 Assa Abloy AB: Company Snapshot
Figure 82 Assa Abloy AB: SWOT Analysis
Figure 83 Bosch Security Systems: Company Snapshot
Figure 84 Bosch Security Systems: SWOT Analysis
Figure 85 UTC Fire & Security: Company Snapshot
Figure 86 UTC Fire & Security: SWOT Analysis
Figure 87 Alarm.Com.: Company Snapshot
Figure 88 Allegion PLC: Company Snapshot
Figure 89 Control4 Corporation: Company Snapshot
Figure 90 Godrej & Boyce Manufacturing Company Limited: Company Snapshot
Figure 91 Ingersoll Rand Solutions: Company Snapshot
Figure 92 Nortek Security & Control LLC: Company Snapshot
Figure 93 Axis Communications AB: Company Snapshot
Figure 94 Dahua Technology Co., Ltd.: Company Snapshot

According to MarketsandMarkets’ forecast, the overall security solutions market was valued at 206.69 Billion in 2016 and is projected to reach USD 372.90 Billion by 2022, at a CAGR of 10.16% from 2017. The growth of this market is propelled by the necessity to safeguard individuals as well as assets from rapidly evolving threats, increasing consumer awareness & security concerns, willingness to pay for security systems, growing demand for the deployment of wireless technology in security systems, and adoption of IoT-based security systems.

This report covers the security solutions market based on type, end-user industry, and geography. In terms of product by type, fire protection and video surveillance are expected to hold the major market size during the forecast period. The growing usage of security devices such as fire alarms and video cameras is likely to drive the market for fire protection and video surveillance products. The demand for video surveillance systems and fire protection is increasing at airports, schools, office buildings, and public places.

The market for residential security solutions is expected to grow at the highest rate between 2017 and 2022. As the rate of theft and burglary is increasing globally, security is becoming a major concern for individuals and in residential complexes private residential buildings. Such concerns are increasing the demand for security solutions, such as biometrics-based electronic locks and sensor-based intruder alarm systems. Thus, the increasing need for safety and security of people and personal belongings in the residential sector is driving the growth of this market.

Security Solutions Market

The security solutions market in Asia-Pacific is expected to hold the major share between 2017 and 2022. This region has witnessed rising economic development in terms of infrastructure (airports, railways, and highways) and robust growth in the financial and banking service sectors. All these factors have contributed to the rising demand for security solutions market here.

The major vendors in the security solutions market include ASSA ABLOY AB (Sweden), Bosch Security Systems (Germany), Honeywell International, Inc. (U.S.), Tyco International Ltd (U.S.), UTC Fire & Security (U.S.), ADT Corp(U.S.), Alarm.com (U.S.), Allegion (U.S.),Control4 (U.S.), Godrej & Boyce Manufacturing Company Limited (India), Ingersoll Rand Solutions (Ireland), Nortek Security & Control LLC (U.S.),Hikvision Digital Technology Co.Lt (China), SECOM Co., Ltd (Japan), Stanley Security Solutions (Indiana), Axis Communications AB (Sweden), and Zhejiang Dahua Technology Co., Ltd (China).

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