North America Physical Security Market is expected to reach USD 84,800.30 million by 2026 from USD 37,399.86 million in 2018 at a healthy CAGR of 10.9% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below:
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North America physical security market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market will have a prominent growth in upcoming years due to raising demand for protection against terrorism and crimes. In additionally; demand for IP based surveillance is another factor that influences the market growth in the coming future.
The market has witnessed developments in terms of merger and acquisitions, partnerships or product launches that expand the product portfolio for the customers. The companies are focused to meet the rising demand of innovative technology which helps the companies to sustain their position in the market. For instance, In October 2018, STANLEY Security, a provider of the comprehensive security solutions has been awarded at the event of 2018 Global Security Exchange (GSX). The company won the award for STANLEY IntelAssure product in the category of innovative product awards. The product will offer the cost effective and maximum service uptime for the customers. The company will increase the brand trust value in the market as well increase its customer base by ensuring them quality service and products.
Johnson Controls is dominating player in the North America physical security market and accounts the highest market share in 2018, followed by Honeywell International, Inc, STANLEY Convergent Security Solutions, Inc., ADT, Bosch Security Systems, Inc., Pelco Corporate, G4S plc, Kastle system, Axis Communications, Bold Group, AxxonSoft, Qognify Ltd., CNL Software, HEXAGON, Network Harbor, Siemens, AlertEnterprise, Nanodems, ProTech Security, HID Global Corporation/ASSA ABLOY AB, Genetec Inc., Aventura Technologies, Inc., Saab AB and among others.
Johnson Controls is headquartered in Wisconsin, U.S. and was founded on 1885. The company provides intelligent technology for the facilities, campuses, buildings and cities for becoming more productive, safer and efficient. The company performs its business through two business segments which are building technologies & solutions, power solutions in which building technologies & solutions is market focused segment. The company’s product and solution categories include HVAC equipment, building automation & controls, security, fire detection, fire suppression, digital solutions, industrial refrigeration, residential and smart home, retail solutions, distributed energy storage in which security is market focused category. The company has Approximately 122,000 employees as of September 30, 2018.
The company has its global presence in Asia-Pacific, Europe, Middle East & Africa, South America, North America. It operates through its subsidiaries such as Borg Instruments AG (Germany), Commer 1 S.r.l. (Italy), Hoover Universal, Inc. (Michigan), Johnson Control SpA (Italy), Johnson Controls Ltd. (U.K.) and others.
Honeywell International, Inc.
Honeywell International, Inc. is headquartered in Morris Plains, U.S. was founded on 1985. The company is engaged in developing and manufactures technologies for electronic, energy, safety, security, productivity, and global urbanization.
The company performs its business through four business segments which are aerospace, home and building technologies, performance materials and technologies and safety and productivity solution in which safety and productivity solution is market focused segment. The company’s product categories include Intrusion, Integrated Security, Video Systems, Access Control Systems. The company has 114,000 employees as of December 31, 2018.
The company has its global presence in Africa, Asia Pacific, Europe, Latin America, Middle East, and North America. It operates through its subsidiaries such as Hand Held Products, Inc. (DelawarE), Honeywell (China) Co., Ltd., Honeywell Aerospace de México, S. de R.L. de C.V. (Mexico), Honeywell ASCa Inc. (Canada), Honeywell Automation India Limited (India), Honeywell Aerospace Avionics Malaysia Sdn Bhd. (Malaysia), Honeywell Aerospace (UK), Honeywell Pte. Ltd. (Singapore), Honeywell Specialty Chemicals Seelze GmbH (Germany), and among others.
STANLEY Convergent Security Solutions, Inc
STANLEY Convergent Security Solutions, Inc. is headquartered in Indiana, U.S. which was founded on 1843. The company provides wide range of security systems as well as value-added services for video surveillance, access control, intrusion detection, 24/7 monitoring and fire detection purposes. The company has two solution categories which are solutions by need, solutions by industry in which solutions by need is market focused solution.
The company has its global presence in North America. It operates through its subsidiaries such as SRP Security Systems Ltd (UK), Sylvester's Security Alarms Inc (U.S.), Smiths Security Services Ltd. (UK), Jackson Burglar Alarm, Inc. (U.S.), Retmus, Inc. (U.S.), and others.