Covid-19 Impact on Electronic Security System Market, By Type (Access control, Intrusion detection, Vehicle security, Video surveillance) and By End-user (Healthcare, Residential, Industrial, BFSI, Government) - Forecast 2022
Covid-19 Impact on Electronic Security System Market - Overview
The electronic security system is defined as equipment’s that operates function such as surveillance, alarming, access control and others. These security system is highly utilized in shopping centres, commercial places and within corporate work places. The major aspects aiding the growth of Electronic Security System Market are the rising concerns regarding security issues, innovation of technologically advanced security systems and improvisation in the network infrastructure & broadband services. According to a recent study report published by the Market Research Future, The global market of Electronic Security System is booming and expected to gain prominence over the forecast period. The Covid-19 Impact on Electronic Security System Market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).
It has been observed that CCTV surveillance system is highly utilized in public places, railway stations and etc. The surveillance system is mostly install as it can be operated from the remote zone. These system can also be utilized as the access control systems, attendance record system, fire recognition and accident avoidance system. The CCTV surveillance system accounts for largest share, owing to factors such as occurrence of terrorist activities such as illegal imports, shoot-outs, and bomb planting in public places and corporate building such as government headquarters, trade centers, malls, and transit locations is leading to massive losses of human life and financial property.
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The Electronic Security System Market can be classified into 3 key segments for the convenience of the report and enhanced understanding;
- Segmentation by Type: Comprises access control, intrusion detection, vehicle security and video surveillance
- Segmentation by end-users: Comprises healthcare, BFSI, residential, industrial and government, Telecommunications and others.
- Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
The key players of global electronic security system market report include 3D Datacom (U.S.) (Sweden), Bosch Security Systems (Germany), 3VR Security, Inc. (U.S.). (U.S.), Honeywell international Inc. (U.S.), A&B Security Group (U.S.) , Panasonic System Networks Co. Ltd (Japan), Sony Corporation (Japan), Schneider Electric (France), Cisco Systems, Inc. (U.S.) , A-TEC security system, Inc. (U.S.) and others.
North America market is estimated to acquire largest market share in the electronic security system market owing to aspects such as increasing safety concerns among corporate and residential sector. North American countries, especially U.S. accounted for the largest market share in global electronic security system market due to factors such as high adoption of the advanced security technology by commercial and government end-users, growing focus on critical infrastructure protection, strict government regulations and advancements in the security surveillance systems. Asia Pacific market is anticipated to be fastest growing due to the presence of major electronic component manufacturing hub. Other aspects such as increasing number of Chinese security system manufacturers is expected to boost the growth of electronic security market in the region.
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TABLE OF CONTENTS
- Executive Summary
- Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
- Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Value Chain Analysis
3.4 Porter’s Five Forces Analysis
- Global Electronic Security Systems Market, By Type
4.2 Access Control
4.3 Intrusion Detection
4.4 Vehicle Security
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