Enterprises across the globe have increased their spending for safeguarding infrastructure and reduce human losses. Enterprises rely on equipment, such as sensors and detectors, fire alarm systems, control panels, interfaces, and communications devices for implementing security within their premises. Increase in the number of enterprises and SME across the globe is driving the growth of the electronic security market. The spending for electronic security is greater in the North American region, followed by Asia-Pacific and Europe.
Globalization has led to the emergence of a new dimension in the electronic security market. Physical dimension comes with borders or perimeters, and cyber dimension is borderless and virtual. Infrastructures, such as grids, water plants, and oil and gas facilities, are the prime areas prone to natural hazards. These areas have high potential impact on the surrounding population. It has forced the government agencies to develop solutions to defend such infrastructures against these hazards. The world’s economy today has become more integrated by the use of advanced technologies and the ever changing market trends.
This report gives the detailed analysis of trends and forecasts, competitive landscape, key drivers, restraints and opportunities, and analysis of the mergers and acquisitions related to the global electronic security market. It also gives the detailed insight about five regions including North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA).
The key market players of the global electronic security market are Bosch Security Systems, Halma, Honeywell, Siemens, Tyco, and United Technologies Corporation (UTC).
Benchmarking the rapid strategy shifts of the Top 100 companies in the Electronic Security MarketRequest For Special Pricing