[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Electronic Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

October 2023 | 150 pages | ID: E051BCFE2FF9EN
IMARC Group

US$ 2,499.00

E-mail Delivery (PDF), Hard Copy Mail Delivery, CD-ROM Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
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?
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
9.2 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
9.3 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
9.4 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
9.5 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

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

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


More Publications