Published on : Jul 21, 2015
ALBANY, New York, 13 July, 2015: According to a recent market research report added to the collection of ResearchMoz.us, the global smart security market is expected to grow positively at a CAGR of 18.59% during the period between 2014 and 2019. The report, titled “Global Smart Security Market 2015-2019”, assesses the size of the smart security market worldwide and projects the valuation of the overall market by the end of 2019.
Smart security solutions refer to advanced security systems such as wireless alarms, IP surveillance cameras, integrated perimeter intrusion prevention systems, and biometric access control systems, used for monitoring the activities and behavior of people to secure an area from terrorist activities, data theft, and other harmful activities.
The report provides an overview of the global smart security market and points out the various drivers and restraints affecting the market’s growth. The report points out that the growing instances of terrorist attacks have driven the demand from the global smart security market. However, the market is at risk from uncertain economic conditions around the world.
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The report cites that the adoption of cloud-based video surveillance systems has emerged as a new trend in the global smart security market. The emergence of commercialized smart security products such as Samsung Smart Home, Apple Homekit, Smart Door locks, Google Nest, and networked video cameras has also revolutionized the market.
The report analyzes the lifecycle of smart security products and compiles information regarding the revenue generated from the sales of smart security products. On the basis of the product category, the report segments the global smart security market into integrated perimeter intrusion prevention systems, IP surveillance cameras, biometric access control systems, and wireless alarms. The report studies the demand for each of the product segments and estimates their growth during the forecast horizon.
In terms of end user industries, the report categorizes the global smart security products market into the utilities sector, the government sector, the commercial sector, and the residential sector. It has been observed that the usage of smart security products in the commercial sector has been quite high.
The report studies the smart security products in three key regions: APAC, EMEA, and the Americas. The growth of the market in each of the regions has been analyzed in the report.
The report discusses the competitive landscape of the global smart security products and as the market is highly fragmented, the report profiles the key players in the market, such as Axis Communications, Bosch Security Systems, Cisco Systems, Honeywell Security Group, NICE Systems, and Tyco. The report further provides insightful information about the key players such as business segmentation, business strategy, revenue segmentation, geographical presence, and recent developments. The report further analyzes the strengths and weaknesses of the key players to estimate their growth during the forecast horizon.
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