SAN FRANCISCO, December 6, 2017
SAN FRANCISCO, December 6, 2017 /PRNewswire/ --
The global security market is anticipated to reach USD 167.12 billion by 2025, according to a new report by Grand View Research, Inc. The adoption of security systems is increasing as these systems offer high quality surveillance with optimized distortion. The illegal activities across the globe and stringent government regulations has led to a surge in the adoption of security systems.
Increasing competition in the market, owing to the introduction of advanced technologies, is driving the need for automation in organizations at various levels. In addition, the growing number of infrastructures across the globe has resulted in the increased demand for safety systems such as access control systems and video surveillance system for real time monitoring. As a result, the demand for security systems is anticipated to rise over the forecast period.
The video surveillance systems segment dominated the market in the year 2016. The increased use of cameras in various locations, such as airports, railway stations, and ports, for security purposes, is driving the demand for high-quality video cameras that enable effective monitoring. These systems have further been largely used by the military and defense sector for surveillance purposes.
The maintenance & support segment is anticipated to witness substantial growth, owing to the need for regular maintenance, post installation. The demand for these services is expected to increase over the forecast period. The increasing number of advancements in video capturing is encouraging providers to introduce new updates in minimal time with better quality. This is further creating an opportunity for market growth.
Browse full research report with TOC on "Security Market Analysis By System (Access Control, Alarms & Notification, Intrusion Detection, Video Surveillance, Barrier Systems), By Service, By End-use, By Region, And Segment Forecasts, 2014 - 2025" at: https://www.grandviewresearch.com/industry-analysis/security-market
Further Key Findings From the Report Suggest:
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Grand View Research has segmented the security market based on systems, services, end-use, and regions:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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