Research: Industrial security market to reach $38B by 2020

According to a new market research report “Industrial Security Systems Market by Systems (Video, RFID, Access Control, Intrusion Detection, Parking Management, Under Vehicle Inspection), End Users (SEZ, Factories, Hotels, Banks, Government), Component Service Geography – Global Forecasts to 2020”, The industrial security systems market is projected to be around $25 billion in 2014 and is expected to reach $38 billion by 2020, growing at a CAGR of 8.69%.

The report, produced by Marketsandmarkets, includes 116 market data tables and 60 figures spread through 219 pages and classifies each of the systems markets in further detail into specific product groups. The video surveillance systems market is categorised into analogue cameras, IP cameras, CCTV cameras, DVR, NVR, video encoders, and surveillance software; the access control systems market is classified into smart cards & readers, RFID tags, biometrics systems, Automatic Number Plate Recognition (ANPR) systems, vehicle tracking systems, automatic boom barriers, turnstiles, automatic swing gates, under vehicle inspection systems and electronic locks; the intrusion detection system consists of control panels, detectors, keypads, and accessories.

This report provides a deep dive analysis of the industrial security systems market and highlights the key drivers, restraints, and challenges which prevail in the market. It also provides an in-depth insight on the key market and technological trends of this market. A Porters Five Forces analysis of this market is incorporated in this report along with the opportunity analysis, based on the upcoming products and prospective growth regions for the industrial security systems market.

A complete geography-wise analysis of the industrial security systems market is also projected, which includes product-level segmentations across North America, Europe, Asia-Pacific, Middle-East, and the Rest of the World (ROW). This report also incorporates the competitive landscape of this market, which includes various developments, contracts, programmes, and new product launches for the past five years.

The industrial security systems market can be segmented on the basis of systems, end users, service, components, and geography. The various systems covered in this report consist of video surveillance systems, access control systems, and intrusion detection systems.

The global key market players engaged in manufacturing industrial security systems are highlighted in this report along with their product portfolio, recent developments, SWOT analysis, and market size analysis for the past five years. The key players profiled in the report include Honeywell International, Inc. (U.S.), Bosch Group (Germany), Cisco Systems, Inc. (U.S.), L-3 Communications Holdings (U.S.), Securitas AB (Sweden), and Johnson Controls, Inc. (U.S.).

(MarketandMarket)

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