Global Security Solutions Market to Post 10.16% CAGR through 2022, Predicts M&M in Its New Topical Report Available at MarketPublishers.com13 Apr 2017 • by Natalie Aster
LONDON – The world’s security solutions market is predicted to increase in value from USD 206.69 billion in the past year to USD 372.90 billion by the year 2022, witnessing a 10.16% CAGR over 2017-2022. Key factors propelling robust market growth include rising security concerns, enhancing consumer awareness, escalating need to protect individuals and assets from rapidly-evolving threats, strong demand for wireless technologies in security systems, consumers’ willingness to pay for security systems and expanding adoption of IoT-based security systems. However, certain factors could hamper the market growth, for example, high initial investments and lack of technical knowledge required for the usage of security solutions.
The fire protection systems segment will likely dominate the overall market in terms of size through 2022. It is also predicted to exhibit the highest growth rates in the years ahead.
Regionally, the APAC security solutions market is anticipated to increase at the highest pace during 2017-2022, encouraged by steady development of the regional infrastructure (highways, railways, airports, etc.) and also robust uptake in the regional financial and banking sector.
New topical report “Security Solutions Market by Type, End-use Industry, and Geography - Global Forecast to 2022” worked out by MarketsandMarkets (M&M) gives a clear understanding of the market landscape at different geographical levels and offers access to reliable market performance estimates and statistics. Furthermore, the report delves into the market dynamics, points out the main influencing factors, touches upon the competitive landscape, discusses the top trends and points out the emerging growth opportunities and prospects. It contains a detailed analysis of the market segmentation and shares, presents a future outlook through 2022 and includes comprehensive profiles of the top market participants.
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