At A CAGR Of 22.58%, Global Smart Security Market Will Expand For The Period From 2016 – 2020

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Smart security solutions are used to monitor the activity and behavior of people in enterprises, educational institutions, commercial buildings, and utility infrastructures that are prone to unauthorized access or damage. These solutions can help reduce the occurrences of criminal activities and instances of data theft. Smart security solutions include advanced security systems such as IP surveillance cameras, biometric access control systems, integrated perimeter intrusion prevention systems, and wireless alarms.

Technavios analysts forecast the global smart security market to grow at a CAGR of 22.58% during the period 2016-2020.

Covered in this report 
The report covers the present scenario and the growth prospects of the global smart security market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of smart security products.

The market is divided into the following segments based on geography:
North America
South America

Technavio’s report, Global Smart Security Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Axis Communications
Bosch Security Systems
Honeywell Security
NICE Systems (Qognify)
Tyco International

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Other prominent vendors

FLIR System
Hanwha Techwin
March Networks
Schneider Electric
S2 Security

Market driver
Rise in violent activities
For a full, detailed list, view our report

Market challenge

Lack of professional expertise and high TCO
For a full, detailed list, view our report

Market trend
Emergence of wireless IP surveillance
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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