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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Electronic Security Market to cross $60bn by 2024.

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Presentation on theme: "© 2016 Global Market Insights, Inc. USA. All Rights Reserved Electronic Security Market to cross $60bn by 2024."— Presentation transcript:

1 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Electronic Security Market to cross $60bn by 2024

2 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Electronic Security Market size was estimated at approximately USD 27 billion in 2016, and set to exceed USD 60 billion by 2024; according to a new research report by Global Market Insights, Inc. The state and central governments of various countries are placing high focus on the development and adoption of advanced systems in high- traffic locations such as public roads, transit stations, and malls, contributing to the growth of the electronic security market.  For instance, the Indian government in 2014 set up a USD 125 million fund solely devoted to the prevention of sexual violence among women through the installation of security equipment such as surveillance systems at high-risk public locations. These hardware systems are equipped with video analytics and advanced algorithms that allow the detection of criminals. Furthermore, technological advancements have also aided in the improvement of existing technologies such as high-resolution 4k cameras and IP surveillance units.  Crime rates across the world are heavily impacted with the rising penetration of these systems in residential and commercial settings and is anticipated to drive the electronic security market growth. Key Insights from Electronic Security Market:

3 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  End-users across the world are replacing conventional security systems such as guards and physical body checks with high-tech solutions. Physical body checks in malls and airports can be cumbersome and increase customer discomfort, primarily among women. X-ray body scanners, on the contrary, requires the person to pass through an electronic frame.  The rising trend of the development of smart cities in countries such as China and India is contributing to the high growth of the electronic security market. For instance, the Chinese government has undertaken large construction projects for the development of smart cities imbued with advanced security solutions in cities such as Dalian, Hangzhou, Nanjing, and Tianjin. The rise in traveler population across the world is also leading to the growth of the electronic security market.  The surveillance and alert system market is anticipated to exhibit substantial growth during the forecast timeframe. The reduction in component and raw material costs is contributing to the decline in the electronic security market price trend. Continued...

4 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Latest Research Report On Electronic Security Market @ http://bit.ly/2zF8hk6http://bit.ly/2zF8hk6 Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2132

5 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com China airport security market size, by technology, 2016 & 2024 (USD Million)

6 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Remote monitoring systems are increasingly finding application in developed regions such as U.S and Western Europe. Installing a home security solution with remote monitoring capabilities allows the homeowner to access security cameras and video units situated inside the residential location in real-time. Public-sector applications are the largest revenue-generating segment. Various government bodies are making use of advanced solutions for surveillance and criminal detection applications. For instance, in September 2017, a police department in Arkansas was reported to be using drones for highly specialized missions such as the tracking of a suspect or obtaining an inside view and additional information in a hostage situation.  The North America electronic security market is projected to dominate the global business landscape owing to the government initiatives to integrate these systems into their public safety segment. For instance, the FAA Modernization and Reform Act of 2012 contains provisions to make the unmanned aerial systems (UAS) licensing process easier and quicker for law enforcement officials. Various U.S states are currently conducting trial operations on drones to understand their capabilities and their operational efficiency. Regional Analysis

7 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Axis Communications BOSCH Security Systems Hitachi Ltd OSI Systems Inc. SDMS Security Products UK Ltd. Siemens AG MilliVision Technologies ASSA ABLOY Scanna MSC Ltd. Major Companies in Electronic Security Market:

8 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Industry Coverage

9 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Stay In Touch Website: www.gminsights.comwww.gminsights.com Social Media:


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