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Report
Electronic Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-10-15 I 150 Pages I IMARC Group
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
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Electronic Security Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Product Type
6.1Surveillance System
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Access Control System
6.2.1 Market Trends
6.2.2 Market Forecast
6.3Intrusion Detection System
6.3.1 Market Trends
6.3.2 Market Forecast
6.4Alarming System
6.4.1 Market Trends
6.4.2 Market Forecast
6.5Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Service Type
7.1Installation Services
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Managed Services
7.2.1 Market Trends
7.2.2 Market Forecast
7.3Consulting Services
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by End-Use Sector
8.1Government
8.1.1 Market Trends
8.1.2 Market Forecast
8.2Residential
8.2.1 Market Trends
8.2.2 Market Forecast
8.3Transportation
8.3.1 Market Trends
8.3.2 Market Forecast
8.4Banking
8.4.1 Market Trends
8.4.2 Market Forecast
8.5Hospitality
8.5.1 Market Trends
8.5.2 Market Forecast
8.6Healthcare
8.6.1 Market Trends
8.6.2 Market Forecast
8.7Retail
8.7.1 Market Trends
8.7.2 Market Forecast
8.8Others
8.8.1 Market Trends
8.8.2 Market Forecast
9 Market Breakup by Region
9.1North 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
9.2Asia 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
9.3Europe
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
9.4Latin 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
9.5Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes
13 Price Indicators
14 Competitive Landscape
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
14.3.1Axis 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
14.3.4FLIR 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
14.3.5Hitachi Ltd.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6Honeywell 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
14.3.7IBM Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8Tyco International (Johnson Controls)
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9Lockheed Martin Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10OSI Systems
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11Siemens AG
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12Thales Group
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
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: Porters Five Forces Analysis
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
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