Commercial Security System Market by Type, Product Type, Operation, Vertical

Description

List of Tables

[182 Pages Report] The Commercial Security System Market size was estimated at USD 266.79 billion in 2023 and expected to reach USD 292.29 billion in 2024, at a CAGR 10.48% to reach USD 536.04 billion by 2030.

Commercial security systems provide real-time monitoring and surveillance through alarm systems and security cameras. Commercial security systems assist the end-users in identifying safety issues, deterring criminal behavior, and protecting assets from intruders. The growing need for security and surveillance to prevent fraudulent activities is accelerating the deployment of commercial security systems in retail. The surge in commercial infrastructure projects and the implementation of stringent fire protection regulations are expanding the use of commercial security systems worldwide. However, the high installation cost and concerns regarding cybersecurity threats may impede their adoption by the end-use sectors. Moreover, the ongoing advancements and rapid adoption of autonomous security systems, along with the rising implementation of smart city projects, are expected to encourage the deployment of commercial security systems to monitor assets worldwide.

KEY MARKET STATISTICS
Base Year [2023]	USD 266.79 billion
Estimated Year [2024]	USD 292.29 billion
Forecast Year [2030]	USD 536.04 billion
CAGR (%)	10.48%

Type: Rising deployment of advanced video surveillance systems for continuous monitoring of premises for enhanced security measures

Access control systems depend on administrator-defined rules that permit or restrict user access to protected network resources. A commercial access control system enables property staff to manage access to a building or specific areas of a property. Entrance control systems can track and enforce the number of people in a building or a particular area at any given time. Fire protection systems are building elements that either actively or passively help control the damage to a building and protect its residents in a fire situation. Video surveillance footage can be used in court as evidence against crime inside or outside the commercial property.

Product Type: Increasing popularity of next-generation software security systems to safeguard lives and assets from potential hazards

Commercial security system hardware includes accessories, cameras, sensors & monitors, and storage, consisting of technologies designed to protect and provide real-time monitoring of offices, businesses, and commercial buildings. Commercial security system cameras, sensors & monitors are used to detect, capture, and record the footage and assist law enforcement in identifying and capturing suspected perpetrators through cloud-based images and video stored within network video recorders. A security system with storage is used to record all activity in its vicinity and store the video footage captured by enterprise security cameras. Commercial security system services include consulting, maintenance, and professional services that provide expertise in various security requirements for businesses. Security system maintenance services check all the components of a security system in the covered period. Commercial security professional services help protect the staff, buildings, and clients from the risks associated with break-ins and theft. Moreover, commercial security software comprises various sensors and technologies that help detect events, movements, or environmental changes.

Operation: Growing adoption of outdoor surveillance solutions with multispectral imaging and analytics

Outdoor commercial security systems are designed to withstand varying light and weather conditions. Outdoor security systems are usually made of more durable materials and are much heavier or even placed in a casing to prevent easy removal. Outdoor and exits & entrance security systems help capture the outside activity of a commercial building, whereas indoor security systems monitor the inside activities of the building. Indoor commercial security systems are lighter, smaller, and less intrusive than bulkier outdoor surveillance systems. Both types may feature infrared or night vision mode, ensuring clear pictures in low-light environments. Point-of-sale security (POS security) creates safe environments for customers to make purchases and complete transactions. Commercial security cameras are used for secluded or remote areas to provide comprehensive monitoring and protection from fire and other hazards. Exits and entrances are critical for implementing security measures in any commercial facility. These access points require robust access control systems that can authenticate users through means like biometrics or RFID cards. Commercial security systems for secluded or remote areas require robust and reliable equipment that can withstand harsh conditions while remaining functional over long periods without regular maintenance.

Vertical: Higher demand to protect sensitive information and maintain public safety in government institutions

Commercial and industrial sectors use commercial security systems to assess and monitor the indoor and outdoor activities of the building. In the healthcare sector, a commercial security system allows hospital security teams to monitor staff access to restricted areas to protect the assets and the well-being of others. In the education sector, the security system restricts access to the school, assuring that unauthorized visitors do not enter the building to provide emergency response and safety to the students. In government, energy & utility, retail, and transportation sectors, commercial security systems defend against crime and even reduce insurance costs. With video surveillance monitoring, access control, and wireless integration for instant alerts and notifications, businesses can keep their employees and property secure and safe. Banking & finance uses a commercial security system to protect users' assets in the online transaction processes. Security at sports and leisure venues focuses on crowd control, access management, and emergency response. Commercial security systems in this segment include video surveillance cameras with facial recognition capabilities, access control solutions for VIP areas, and emergency communication devices, including public address systems or panic buttons.

Regional Insights

Americas represents a highly developing and innovative commercial security systems market owing to the rising concerns associated with theft and fraudulent activities, increasing smart city initiatives, and the introduction of advanced commercial security solutions. Increasing government involvement in encouraging the adoption of video and alarm-based surveillance systems in commercial infrastructure due to the growing security concerns is encouraging the deployment of commercial security systems in the EMEA region. Security surveillance hardware, software, and services are widely used in European public and commercial sectors. The growing awareness regarding the availability and multifaceted benefits of commercial security systems and the rapid adoption of advanced technologies to monitor assets across BFSI, education, retail, and healthcare sector are increasing the deployment of commercial security systems in the APAC region. Moreover, rising spending on security solutions and government initiatives toward developing advanced security systems and ongoing improvements to enhance surveillance are expected to encourage the growth of commercial security systems worldwide.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Commercial Security System Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Commercial Security System Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Commercial Security System Market, highlighting leading vendors and their innovative profiles. These include Abus August Bremicker Sohne KG, ADT Inc., Allegion PLC, Assa Abloy AB, Atlas Ontario LP, Axis Communications AB, Carrier Global Corporation, dormakaba International Holding AG, Genetec Inc., Godrej & Boyce Manufacturing Company Limited, Halma PLC, Hangzhou Hikvision Digital Technology Co., Ltd., Hanwha Group, Hochiki Corporation, Honeywell International Inc., IDEMIA Identity & Security USA LLC, IDIS Inc., Johnson Controls International PLC, LG Electronics Inc., Lorex Corporation, Napco Security Technologies, Inc., NewVision Security, Optex Co., Ltd., Panasonic Corporation, Paxton Access Ltd., Phillips Pro Systems, LLC, Robert Bosch GmbH, SAMSUNG ELECTRONICS CO., LTD., Sanyo Denki Group, Schneider Electric SE, SDG Security & Fire, Secom Co., Ltd., Securitas AB, Siemens AG, SimpliSafe, Inc., Sony Group Corporation, Swann Communications Ltd., Tattletale, Teledyne Technologies Inc., Vector Security, Vivint, Inc., VIVOTEK Inc., and Zhejiang Dahua Technology Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Commercial Security System Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Access Control System
- Entrance Control System
- Fire Protection System
- Video Surveillance

Product Type
- Hardware
  - Accessories
  - Camera
  - Sensors & Monitor
  - Storage

Services
- Consulting Services
- Maintenance Services
- Professional Services

Software

Operation
- Exits & Entrances
- Indoor
- Outdoor
- Points of Sale
- Secluded or Remote Areas

Vertical
- Banking & Finance
- Commercial
- Education
- Energy & Utility
- Government
- Healthcare
- Industrial
- Retail
- Sports & Leisure
- Transportation

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Georgia
    - Illinois
    - Kentucky
    - Michigan
    - Mississippi
    - New Jersey
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Commercial Security System Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Commercial Security System Market?

3. What are the technology trends and regulatory frameworks in the Commercial Security System Market?

4. What is the market share of the leading vendors in the Commercial Security System Market?

5. Which modes and strategic moves are suitable for entering the Commercial Security System Market?

Product Code: MRR-5012464373E7

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising need for security and surveillance across the retail sector
  - 5.1.1.2. Growing number of commercial construction projects
  - 5.1.1.3. Accelerating implementation of stringent fire protection-related regulations
- 5.1.2. Restraints
  - 5.1.2.1. High costs of installation and ownership of security system
- 5.1.3. Opportunities
  - 5.1.3.1. Rising adoption of autonomous security systems
  - 5.1.3.2. Growing government funding for developing smart cities and employing city surveillance solutions
- 5.1.4. Challenges
  - 5.1.4.1. Concerns related to footage quality, false alarm, and cybersecurity threats
5.2. Market Segmentation Analysis
- 5.2.1. Type: Rising deployment of advanced video surveillance systems for continuous monitoring of premises for enhanced security measures
- 5.2.2. Product Type: Increasing popularity of next-generation software security systems to safeguard lives and assets from potential hazards
- 5.2.3. Operation: Growing adoption of outdoor surveillance solutions with multispectral imaging and analytics
- 5.2.4. Vertical: Higher demand to protect sensitive information and maintain public safety in government institutions
5.3. Market Trend Analysis
- 5.3.1. Presence of well-established players with the increasing introduction of advanced commercial security systems in Americas
- 5.3.2. Rising deployment of security systems in the commercial sector and increasing digitalization in the Asia-Pacific region
- 5.3.3. Growing market potential owing to increasing security spending, and government initiatives toward developing advanced commercial security systems
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Commercial Security System Market, by Type

6.1. Introduction
6.2. Access Control System
6.3. Entrance Control System
6.4. Fire Protection System
6.5. Video Surveillance

7. Commercial Security System Market, by Product Type

7.1. Introduction
7.2. Hardware
7.3. Services
7.4. Software

8. Commercial Security System Market, by Operation

8.1. Introduction
8.2. Exits & Entrances
8.3. Indoor
8.4. Outdoor
8.5. Points of Sale
8.6. Secluded or Remote Areas

9. Commercial Security System Market, by Vertical

9.1. Introduction
9.2. Banking & Finance
9.3. Commercial
9.4. Education
9.5. Energy & Utility
9.6. Government
9.7. Healthcare
9.8. Industrial
9.9. Retail
9.10. Sports & Leisure
9.11. Transportation

10. Americas Commercial Security System Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Commercial Security System Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Commercial Security System Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Pye-Barker Fire & Safety Advances in California, Adds Alarm Service in Palm Desert with Acquisition of AMSconnect
- 13.3.2. GTCR Partners with Former GTCR Executives to Acquire ADT's Commercial Fire and Security Segment
- 13.3.3. Snap One Entered Distribution Agreement With Ness Corporation
- 13.3.4. Johnson Controls launched new IQ Pro Hybrid Security Panel, adding flexibility to intrusion protection
- 13.3.5. Genetec and Axis Communications transform physical access control with introduction of Axis Powered by Genetec
- 13.3.6. Halma Expands in the Fire Safety Sector with Acquisition.
- 13.3.7. ADT Commercial's EvoGuard Brand to Offer Humanoid & Drone Guarding Solutions
- 13.3.8. Johnson Controls Acquired Security Systems Firm.
- 13.3.9. SecuriThings Partnered with Axis Communications to Simplify and Improve the Management of Physical Security Device
- 13.3.10. Oosto Upgraded Vision AI Platform, Launched Access Terminal
- 13.3.11. Sony Boosts Sensitivity & Image Stability With New Camera
- 13.3.12. Lorex Technology Launches 4K Wi-Fi Security Camera
- 13.3.13. Bosch Security released Access Management System 4.0 & Building Integration System 4.9.1
- 13.3.14. Allegion bought Stanley Access Technologies For USD 900 Million.
- 13.3.15. Carrier Completed USD 3.1Billion Sale of Chubb Fire & Security to APi Group Corp.
- 13.3.16. SkySafe Raised USD 30 Million Series B to Scale Drone Defense and Airspace Security System for Commercial Drone Adoption

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio