Global Electronic Safety System Market, By Product Type (Video Surveillance Systems, Intrusion Alarm Systems, Fire Alarm Systems, Access Control Systems, IP and Analog CCTV, Electronic Article Surveillance and Detection Systems, Electrified Door Hardware, Hybrid Video Recorder, Network Video Recorder), End-Users (Manufacturing Industries, Government Institutions, Educational Institutions, Healthcare Institutions, Data Centers, Commercial Infrastructure), Application (Residential, Commercial), Service (Business Intelligence, Cloud Based, Software- as – a- Service, Sales and Installation, Remote Monitoring, Loss Prevention), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Electronic Safety System Market Analysis and Insights
Electronic safety system market will reach at an estimated value of USD 12.37 billion and grow at a CAGR of 13.80% in the forecast period of 2021 to 2028. Increase in industrial revolution is an essential factor driving the electronic safety system market.
Electronic security systems can perform various security operations like alarming, access control etc. They enhance the security and protect the human life. To protect confidential data they are used in business as well. They are widely used in many applications like video monitoring from remote location, facial recognition, smoke detection, automatic identification of vehicle number plate. Video surveillance systems are very useful as it property losses and damages and also discourage crime
Increasing urbanization and industrialization is a crucial factor accelerating the market growth, also increasing incidences of robbery, theft, rising improvement in network infrastructure and broadband services, increasing demand for technologically advanced security products by end-users among others, rising investments towards the development of the smart cities around the world and rising strong demand for CCTV & video surveillance system and rising government investments in security project are the major factors among others boosting the electronic safety system market. Moreover, rising technological advancements and modernization in the production electronic devices, rising research and development activities and rising demand from the emerging economies will further create new opportunities for electronic safety system market in the forecast period mentioned above.
However, rising complex and expensive features and rising software failures in applications are the major factors among others restraining the market growth, while security threats and rising difficulty in maintaining a balance between cost & quality will further challenge the electronic safety system market in the forecast period mentioned above.
This electronic safety system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on electronic safety system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Electronic Safety System Market Scope and Market Size
Electronic safety system market is segmented on the basis of product type, end-users, application and service. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, electronic safety system market is segmented into video surveillance systems, intrusion alarm systems, fire alarm systems, access control systems, IP and analog CCTV, electronic article surveillance and detection systems, electrified door hardware, hybrid video recorder and network video recorder.
- Based on end-users, the electronic safety system market is segmented into manufacturing industries, government institutions, educational institutions, healthcare institutions, data centers and commercial infrastructure.
- Based on application, the electronic safety system market is segmented into residential and commercial.
- The electronic safety system market is also segmented on the basis of service into business intelligence, cloud based, software- as – a- service, sales and installation, remote monitoring and loss prevention.
Electronic Safety System Market Scope Country Level Analysis
Electronic safety system market is analysed and market size, volume information is provided by country, product type, end-users, application and service as referenced above.
The countries covered in the electronic safety system market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the electronic safety system market due to increasing safety awareness among industrial as well as residential end users, increasing adoption of the security technology by commercial and government end-users, growing focus on critical infrastructure protection and rising strict government regulations and advancements in the technological products in this region. Asia-Pacific is the expected region in terms of growth in electronic safety system market due to increasing number of construction activities in the region.
The country section of the electronic safety system market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Electronic Safety System Market Share Analysis
Electronic safety system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to electronic safety system market.
The major players covered in electronic safety system market report are Bosch Limited, Honeywell International Inc., A2 Systems, LLC., ALL-TAG Corporation, Anixter Inc., Hangzhou Hikvision Digital Technology Co.,Ltd., Nortek, Hanwha Techwin Co., Ltd., ASSA ABLOY, Zicom Electronic Security System Limited, Cisco Systems, SONY INDIA.,. Hikvision Digital Technology Co., Ltd., Avigilon, ADT, FLIR Systems, Inc. and Mobotix. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.