06 June 2020
Visiongain has launched a new report Industrial Security Systems Market Report 2020-2030: Forecasts by Technology (Sensing, Imaging and Scanning), by End Users (Service Industry, Defence Industry, Manufacturing Industry, Educational Institutes), by Service (System Installation, Maintenance)) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
The global Industrial Security Systems market is expected to grow at a lucrative rate during the forecast period. Some of the key factors driving the market include the rise in the number of threats from terrorist attacks and construction of advanced infrastructure. However, lacking awareness regarding Industrial Security Systems among end users and high cost may act as a restraint inhibiting the growth of the market. The Industrial Security Systems market can be segmented based on Technology, End Users, Services, and region.
Additional factors such as monitoring and maintenance of security systems with surveillance equipment, focus towards improving security measures and prevention of crimes by installing high-end CCTV cameras which are integrated with reliable and secure access control solutions are also expected to fuel the market growth in near future.
Based on the system, the global market is segmented by technology which includes sensing, imaging and scanning. Further, the market is also segmented by end user which covers defence, manufacturing and educational sector. Based on the service, the report includes the revenue contributed by installation and maintenance of system.
Increasing need for high quality and accurate tools in order to protect the premises of various organizations has positively enhanced the market of the Industrial Security Systems.
Europe is the leading region for industrial security systems market. North America which stands second in terms of revenue contribution largely uses industrial security systems for protecting their properties and people against crime. Increasing need for advanced security solutions to restrict disastrous terrorist activities is also strongly influencing the market growth in this region.
The key players profiled in this report include Honeywell International, Inc., Bosch Group, Cisco Systems, Inc., L-3 Communications Holdings, Securitas AB, and Johnson Controls, Inc. are currently dominating the market. These major companies are increasingly focusing on research and development activities so as to gain competitive advantage. Few of other companies operating in the market include Securitas AB, Siemens AG, Schneider Electric SE, and Tyco International Ltd. These companies are taking various strategic initiatives such as mergers, acquisitions, and partnerships so as to increase their presence in the global market.
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