Market Research Report
ASIA PACIFIC SMART SECURITY MARKET FORECAST 2018-2026
|Published by||Inkwood Research||Product code||565797|
|Published||Content info||102 Pages
Delivery time: 1-2 business days
|ASIA PACIFIC SMART SECURITY MARKET FORECAST 2018-2026|
|Published: April 2, 2018||Content info: 102 Pages||
The Asia-Pacific smart security market is predicted to rise with a CAGR of 15.88% over the projected years of 2018-2026. Growing urbanization is a key factor increasing the demand for smart security solutions in the region.
In the Asia Pacific region, the respective governments are largely implementing smart cities projects. For example: the Indian government has invested $15 billion in developing 100 smart cities. Even for the Chinese government, the installation of around 100 million advanced monitoring systems with real-time facial recognition throughout the country has majorly influenced the market growth. Although the prospects look good for the market, factors like a high cost of implementation, possible threat of cyber attacks and various privacy issues associated with the implementation of the technology might restrain the market growth.
International Business Machines (IBM) Corporation, Bosch Security Systems, Siemens Ag, Axis Communications Ab, Cisco Systems Inc, Thales Group, Hitachi Ltd, Ericsson Inc, Gemalto N.V, Tyco International Plc, Intellivision Corporation, Amano Mcgann Inc, and Honeywell International Inc are some of the noted players in this market.