Security Solutions Market Forecasts to 2028 | Drivers and Opportunities | Honeywell International Inc., Johnson Controls, Robert Bosch

According to Stratistics MRC, the Global Security Solutions Market is accounted for $281.11 billion in 2020 and is expected to reach $647.83 billion by 2028 growing at a CAGR of 11.0% during the forecast period. Increasing security concerns, globally growing crime rates and terrorist activities, increasing consumer awareness, and surging demand for deployment of wireless technology in security systems are driving the market growth. However, high installation, operational, and maintenance costs are hampering the growth of the market.

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By geography, North America is going to have high growth during the forecast period as most of the residential and commercial buildings in this region are equipped with fire protection systems, due to firm fire and safety protection norms. North America is one of the early adopters of security technologies such as access control, video surveillance, and fire protection system, among others and strong growth in banking and financial services provides plentiful growth opportunities for the security solutions market in this region.

Some of the key players profiled in the Security Solutions Market include Honeywell International Inc., Johnson Controls,  Robert Bosch, Dahua Technology Co., Ltd, Axis Communications AB, Nortek Security & Control, United Technologies, Siemens, Hochiki Corporation, Hormakaba Holding AG, Allegion plc,  Hikvision Digital Technology, and Tyco International.

Applications Covered:
• Remote Monitoring
• Video Monitoring
• Security System Integration

Products Covered:
• Video Surveillance Systems
• Fire Protection Systems
• Access Control Systems
• Wireless Systems

Services Covered:
• Fire Protection Services
• Video Surveillance Services
• Access Control Service
• Remote Monitoring Services

End Users Covered:
• Residential
• Healthcare
• Sports and Leisure
• Retail
• Military & Defense
• Banking & Finance
• Energy and Utility
• Transportation
• Industrial
• Commercial
• Government
• Education

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

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