Surveillance And Security Equipment Market Size to Grow by $ 22.98 bn through 2021-2025
Technavio research projects the surveillance and security equipment market to grow by $ 22.98 bn, accelerating at a CAGR of 9% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Surveillance And Security Equipment Market: Key Market Driver
One of the primary factors that will trigger the growth of the surveillance and security equipment market size is need to mitigate criminal activities and terrorist attacks. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Surveillance And Security Equipment Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Avigilon Corp., Cisco Systems Inc., FLIR Systems Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Honeywell International Inc., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Schneider Electric SE, and Zhejiang Dahua Technology Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
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The surveillance and security equipment market has the potential to grow by USD 22.98 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 9.11%.
This surveillance and security equipment market research report provide valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by service (commercial and residential) and geography (APAC, North America, Europe, MEA, and South America). The surveillance and security equipment market report also offers information on several market vendors, including Avigilon Corp., Cisco Systems Inc., FLIR Systems Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Honeywell International Inc., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Schneider Electric SE, and Zhejiang Dahua Technology Co. Ltd. among others. View our Free Sample Report
Surveillance And Security Equipment Market: Segmentation by Service
The growing number of commercial establishments and rising awareness about effective asset and access point management to mitigate untoward security incidents increase the use of surveillance and security equipment for commercial purposes. The growth of the market segment is expected to be significant during the forecast period. However, owing to the outbreak of COVID-19, the non-residential sector witnessed a decline of 10%-13% in 2020, with the steepest decline in the commercial sector (13%-15%).
47% of the market growth will originate from APAC during the forecast period. China and Japan are the key markets for surveillance and security equipment in APAC. Market growth in this region will be faster than the growth of the market in other regions. Rapid urbanization and industrialization will facilitate the surveillance and security equipment market growth in APAC over the forecast period.
Surveillance And Security Equipment Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Avigilon Corp., Cisco Systems Inc., FLIR Systems Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Honeywell International Inc., Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Schneider Electric SE, and Zhejiang Dahua Technology Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio forecasts three scenarios (optimistic, probable, and pessimistic) to evaluate the impact of COVID-19 Download a Free Sample Report. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
