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3. Security Solutions Companies - Johnson Controls (Ireland) and Honeywell International Inc. (US) are the Key Players

The global security solutions market 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. Product launches, acquisitions, partnerships, collaborations, agreements, and expansions are the major growth strategies adopted by the market players. These strategies have enabled them to efficiently fulfill the growing demand for Security solutions from different verticals and expand their global footprint by offering their services in all the major regions.

Major Security Solutions Companies 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),
• Halma Plc (UK),
• Hochiki Corporation (Japan),
• Dormakaba Group (Sweden),
• Teledyne FLIR LLC (US),
• Allegion Plc (Ireland),
• Nice S.P.A (Italy),
• Godrej Group (India),
• Alarm.com (US),
• Motorola Solutions, Inc. (US),
• Dallmeier Electronic (Germany),
• Securitas Technology (US),
• Gunnebo AB (Sweden),
• Snap One, LLC (US),
• Brinks Home (US),
• Verkada Inc. (US).

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

Johnson Controls (Ireland)

Johnson Controls is a global leader in smart, healthy and sustainable buildings, serving a wide range of customers in more than 150 countries.  It is a global leader in engineering, manufacturing, and commissioning building products and systems, including residential and commercial HVAC equipment, industrial refrigeration systems, controls, security systems, fire detection systems, and fire suppression solutions. The Company further serves customers by providing technical services, including maintenance, management, repair, retrofit and replacement of equipment (in the HVAC, industrial refrigeration, security, and fire-protection space), and energy-management consulting.

It operates through 4 business segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products. The Building Solutions segments design, sell, install and service HVAC, controls, building management, refrigeration, integrated electronic security and integrated fire detection and suppression systems; and provide energy-efficiency solutions and technical services, including data-driven smart building solutions as well as inspection, scheduled maintenance, and repair and replacement of mechanical and controls systems. The Global Products segment designs, manufactures and sells HVAC equipment, controls software and software services for residential and commercial applications; refrigeration equipment and controls; fire protection and suppression; and security products, including intrusion security, anti-theft devices, access control, and video surveillance and management systems. Company provides security solutions through more than one business segment.

Honeywell International Inc. (US)

Honeywell International Inc. is a prominent player in the Security Solutions market, offering a comprehensive range of cutting-edge technologies and services. Specializing in advanced security systems, the company leverages its extensive expertise to provide tailored solutions for diverse industries. With a focus on innovation, Honeywell integrates state-of-the-art surveillance, access control, and intrusion detection systems to ensure robust protection against evolving threats. Honeywell's commitment to research and development is evident in its sophisticated products, which include smart sensors, video analytics, and integrated platforms that enhance situational awareness.

Robert Bosch GmbH (Germany)

Robert Bosch GmbH is a multinational engineering and technology company. It operates through the following segments: Mobility Solutions: Bosch is a major supplier of automotive technology, providing solutions for powertrains, safety systems, and connectivity. Industrial Technology: This division focuses on manufacturing and automation technology, including drives and controls, packaging technology, and more. Consumer Goods: Bosch manufactures a wide range of consumer products, including household appliances and power tools. The Energy and Building Technologies division offers systems, solutions, and services that improve the safety and security of people, buildings, and material assets, and also enhance convenience and energy efficiency.

Moreover, offers connected and integrated solutions for security, convenience, and efficiency in commercial buildings. Its activities focus on the markets in Europe and North America, but also extend to Singapore. In 2021, company acquired Protec Fire Security Group Ltd., headquartered in Nelson, U.K. The company is an integrator of fire detection technology and security solutions in the U.K. and the Netherlands. Company also offers range of surveillance and security solutions through its Bosch Security and Safety Systems Global. The company's security solutions encompass a diverse portfolio, including video surveillance, access control, intrusion detection, and communication systems.

The company has a presence in Europe, Asia Pacific, the Middle East, and the Americas. It has manufacturing sites in Mexico, the US, China, Germany, and Portugal. It offers security solutions through its Energy and Building Technologies segment.

ADT (US)

ADT, a prominent player in the Security Solutions market, specializes in providing comprehensive and innovative security services. With a robust portfolio encompassing electronic security, surveillance, and monitoring solutions, ADT has established itself as a leader in safeguarding residential and commercial properties. The company's offerings include state-of-the-art alarm systems, video surveillance, access control, and 24/7 monitoring services, ensuring a vigilant and responsive security infrastructure. Customers in the Commercial segment are comprised of larger businesses with more expansive facilities (typically larger than 10,000 square feet) and/or multisite operations, which often require more sophisticated integrated solutions. - The Solar segment primarily includes (i) revenue and operating costs from the sale and installation of solar and related solutions and services. Customers in the Solar segment are comprised of residential homeowners who purchase solar and energy storage solutions, energy efficiency upgrades, and roofing services.

Hangzhou Hikvision Digital Technology Co., Ltd. (China)

Hangzhou Hikvision Digital Technology Co., Ltd. (Hikvision) engages in the development, production, and sale of security products. The company's diverse product portfolio caters to a wide range of applications, from commercial enterprises to public sector institutions, bolstering security measures globally. Its products include digital camera, analog camera, network camera, camcorder accessories, codec products, transmission products, storage products, display and control products, car and handheld products, transportation products, client software, alarm products, industry software products and platforms, system-level products, industrial camera machine vision, video conference, intercom, and access control products.

Company offers a comprehensive range of security solutions tailored for various applications. Their products are designed to provide reliable and high-quality video monitoring in mobile environments.  The company incorporates advanced wireless communication technologies, such as 4G/5G and Wi-Fi, to enable real-time video streaming and remote monitoring.  Its mobile surveillance systems often integrate GPS technology to provide accurate location tracking.

Hikvision has a presence across more than 20 locations around the world. Hikvision USA (US), Hikvision Canada (Canada), Hikvision Europe (Netherlands), Prama Hikvision India (India), Hikvision Korea (Korea), and Hikvision Mexico (Mexico) are a few major subsidiaries of the company. The company also has numerous third-party distributors worldwide.

Related Reports:

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

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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USA : 1-888-600-6441
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