PUBLISHER: IMARC | PRODUCT CODE: 1370305
PUBLISHER: IMARC | PRODUCT CODE: 1370305
Electronic Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
Market Overview:
The global electronic security market size reached US$ 57.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 85.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.6% during 2023-2028.
Electronic security refers to an integrated system of electronic equipment that assists in protecting assets, securing workspaces, controlling internal theft, and monitoring high-risk areas. It relies on power and mechanical components, such as access control, surveillance through close-circuit televisions (CCTVs), fire alarms, and intrusion control systems. As a result, it is installed at workplaces, commercial establishments, shopping centers, railway stations, and public places. Nowadays, manufacturers are introducing electronic security systems that can be connected to smartphones for real-time monitoring.
Electronic Security Market Trends:
The growing instances of thefts and burglaries, in confluence with rising concerns about the safety and security of confidential information, represent one of the key factors driving the demand for electronic security systems in the banking, financial services, and insurance (BFSI) sector. Apart from this, the integration of artificial intelligence (AI) enabled audio-video surveillance, machine learning (ML), cloud-based, internet of things (IoT), multi-factor authentication, and advanced analytics aids in minimizing the impact of breaches and spottingpotential criminals through facial recognition. This, along with the increasing adoption of electronic systems in the healthcare industry for sharing information among patients and healthcare professionals and recording data without errors, is contributing to the market growth. Furthermore, due to the rising instances of property break-ins, government and private organizations are employing electronic security solutions to monitor the occurrence of terrorist activities, such as contraband smuggling, shoot-outs, and bombings, in high risk and sensitive locations. In line with this, the rising inclination of authorities toward securing public transportation and infrastructures, such as power grids, water plants, and oil and gas facilities, is providing a positive thrust to the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global electronic security market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, service type, and end-use sector.
Breakup by Product Type:
Surveillance System
Access Control System
Intrusion Detection System
Alarming System
Others
Surveillance system represents the leading product type due to the increasing instances of property thefts and burglaries around the world.
Breakup by Service Type:
Installation Services
Managed Services
Consulting Services
Managed services hold the biggest market share as they provide security systems autonomy and deliver a reliable service.
Breakup by End-Use Sector:
Government
Residential
Transportation
Banking
Hospitality
Healthcare
Retail
Others
Electronic security is widely utilized in government organizations to improve their physical security.
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
North America dominates the market due to the presence of coporate giants in large numbers and the rising focus of these organizations on improving business security.
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Axis Communications (Canon Inc.), ADT Security Services Inc. (Apollo Global Management Inc.), Bosch Security Systems Inc., FLIR Systems Inc., Hitachi Ltd., Honeywell International Inc., IBM Corporation, Tyco International (Johnson Controls), Lockheed Martin Corporation, OSI Systems, Siemens AG and Thales Group
Key Questions Answered in This Report
- 1. What is the size of the global electronic security market?
- 2. What is the expected growth rate of the global electronic security market?
- 3. What are the key factors driving the global electronic security market?
- 4. What has been the impact of COVID-19 on the global electronic security market?
- 5. What is the breakup of the global electronic security market based on the product type?
- 6. What is the breakup of the global electronic security market based on the service type?
- 7. What is the breakup of the global electronic security market based on the end-use sector?
- 8. What are the key regions in the global electronic security market?
- 9. Who are the key players/companies in the global electronic security market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Electronic Security Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Surveillance System
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Access Control System
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Intrusion Detection System
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Alarming System
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Service Type
- 7.1 Installation Services
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Managed Services
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Consulting Services
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by End-Use Sector
- 8.1 Government
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Residential
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Transportation
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Banking
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Hospitality
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Healthcare
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 8.7 Retail
- 8.7.1 Market Trends
- 8.7.2 Market Forecast
- 8.8 Others
- 8.8.1 Market Trends
- 8.8.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Indicators
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Axis Communications (Canon Inc.)
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 ADT Security Services Inc. (Apollo Global Management Inc.)
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Bosch Security Systems Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 FLIR Systems Inc.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Hitachi Ltd.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Honeywell International Inc.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 IBM Corporation
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Tyco International (Johnson Controls)
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Lockheed Martin Corporation
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.10 OSI Systems
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Siemens AG
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Thales Group
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.1 Axis Communications (Canon Inc.)
List of Figures
- Figure 1: Global: Electronic Security Market: Major Drivers and Challenges
- Figure 2: Global: Electronic Security Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Electronic Security Market: Breakup by Product Type (in %), 2022
- Figure 4: Global: Electronic Security Market: Breakup by Service Type (in %), 2022
- Figure 5: Global: Electronic Security Market: Breakup by End-Use Sector (in %), 2022
- Figure 6: Global: Electronic Security Market: Breakup by Region (in %), 2022
- Figure 7: Global: Electronic Security Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 8: Global: Electronic Security (Surveillance System) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Electronic Security (Surveillance System) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Electronic Security (Access Control System) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Electronic Security (Access Control System) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Electronic Security (Intrusion Detection System) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Electronic Security (Intrusion Detection System) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Electronic Security (Alarming System) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Electronic Security (Alarming System) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Electronic Security (Others) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Electronic Security (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Electronic Security (Installation Services) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Electronic Security (Installation Services) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Electronic Security (Managed Services) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Electronic Security (Managed Services) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Electronic Security (Consulting Services) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Electronic Security (Consulting Services) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Electronic Security (Government) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Electronic Security (Government) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Electronic Security (Residential) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Electronic Security (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Electronic Security (Transportation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Electronic Security (Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Electronic Security (Banking) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Electronic Security (Banking) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Electronic Security (Hospitality) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Electronic Security (Hospitality) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Electronic Security (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Electronic Security (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Global: Electronic Security (Retail) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Global: Electronic Security (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Global: Electronic Security (Others) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Global: Electronic Security (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: North America: Electronic Security Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: North America: Electronic Security Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: United States: Electronic Security Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: United States: Electronic Security Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Canada: Electronic Security Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Canada: Electronic Security Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Asia Pacific: Electronic Security Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Asia Pacific: Electronic Security Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: China: Electronic Security Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: China: Electronic Security Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Japan: Electronic Security Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Japan: Electronic Security Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: India: Electronic Security Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: India: Electronic Security Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: South Korea: Electronic Security Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: South Korea: Electronic Security Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Australia: Electronic Security Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Australia: Electronic Security Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Indonesia: Electronic Security Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Indonesia: Electronic Security Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Others: Electronic Security Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Others: Electronic Security Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Europe: Electronic Security Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Europe: Electronic Security Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Germany: Electronic Security Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Germany: Electronic Security Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: France: Electronic Security Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: France: Electronic Security Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: United Kingdom: Electronic Security Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: United Kingdom: Electronic Security Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Italy: Electronic Security Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Italy: Electronic Security Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Spain: Electronic Security Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Spain: Electronic Security Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Russia: Electronic Security Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Russia: Electronic Security Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Others: Electronic Security Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Others: Electronic Security Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Latin America: Electronic Security Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Latin America: Electronic Security Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Brazil: Electronic Security Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Brazil: Electronic Security Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Mexico: Electronic Security Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Mexico: Electronic Security Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 84: Others: Electronic Security Market: Sales Value (in Million US$), 2017 & 2022
- Figure 85: Others: Electronic Security Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 86: Middle East and Africa: Electronic Security Market: Sales Value (in Million US$), 2017 & 2022
- Figure 87: Middle East and Africa: Electronic Security Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 88: Global: Electronic Security Industry: SWOT Analysis
- Figure 89: Global: Electronic Security Industry: Value Chain Analysis
- Figure 90: Global: Electronic Security Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Electronic Security Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Electronic Security Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: Global: Electronic Security Market Forecast: Breakup by Service Type (in Million US$), 2023-2028
- Table 4: Global: Electronic Security Market Forecast: Breakup by End-Use Sector (in Million US$), 2023-2028
- Table 5: Global: Electronic Security Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Electronic Security Market Structure
- Table 7: Global: Electronic Security Market: Key Players
