Market Highlights:
The wireless security system market is growing rapidly. Innovation and advancements in security systems are driving the wireless security system market. The wireless security system market is globally emerging across world. The study shows a recent trend of adopting IoT. The high adoption is resulting in the demand for wireless security system systems.
The study indicates that the increasing security concerns against the illegal activities as a key driver for Wireless Security System Market. It has been observed that increase in adoption of wireless networks and their vulnerabilities is boosting the wireless security market. The study indicates that the high costs of wireless security systems as a major challenge for the wireless security system market.
According to Market Research Future Analysis, Global Wireless Security System Market has been valued at USD ~140 Billion by the end of forecast period with ~11% of CAGR during forecast period 2017 to 2023.
Key Players
The prominent players in the wireless security system market are – Cisco Systems, Inc. (U.S.), Assa Abloy (Sweden), FLIR Systems (U.S.), Bosch Security Systems, Inc. (Germany), ADT Corporation (U.S.), Brocade Communications Systems Inc. (U.S.), Honeywell International, Inc. (U.S.), Fluke Corporation (U.S.), Symantec Corporation (U.S.), Fortinet (U.S.), among others
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Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
By end-user segment, commercial sector would account for a largest share in wireless security system market due to the increasing trend of adoption of wireless surveillance systems in commercial sector. The residential and government sector is expected to show considerable growth in the wireless security system market.
By Region, MRFR analysis shows that North America has accounted for largest market for wireless security system. This region has very high adoption of wireless security system owing to the high investments for security. European region has also shown a considerable growth in wireless security system market. Asia-Pacific region is expected to show a positive growth as countries like China, Japan and many others have shown significant adoption of wireless security system systems.
For the purpose of this study, the global wireless security system market has been segmented on the basis of software, hardware, service, end-user and region. The report on Wireless security system contains detailed analysis with market size of each segment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Wireless Security System Market Segmentation
The wireless security system market has been segmented on the basis of type, end-user and region. Looking through the end-user segment it has been observed that commercial sector has shown a substantial increase in wireless security system market and holds the largest market share. The study indicates that the other sectors like residential and government would show a positive growth in the wireless security system market.
Market Research Analysis:
On geographic basis, wireless security system market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading in the wireless security system market. North America is expected to grow with a high rate as well as hold the largest market share in the wireless security system market. In the North America region there has been a major focus onto the security concerns against the illegal activities, terrorist activities. Many technological advancements in wireless technology and high adoption of wireless technology is observed in the North America region. The study shows that European region has a positive growth in the wireless security system market. The developing economies in Asia-pacific regions like China, Japan and others are showing high adoption in the wireless security system systems.
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Intended Audience
- Software investors
- Security solution vendors
- Wireless security system service providers
- Value-added Resellers
- Distributers
- Investors and Venture Capitalist
- Security Management Service Provider
- Security Equipment Providers
- Security Agencies
- System Integrators
- Research/Consultancy firms
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