Dublin, Sept. 09, 2020 (GLOBE NEWSWIRE) -- The "Electronic Security Systems (ESS) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Electronic Security Systems (ESS) estimated at US$45.8 Billion in the year 2020, is projected to reach a revised size of US$70.4 Billion by 2027, growing at a CAGR of 6.3% over the analysis period 2020-2027. CCTV & Video Surveillance Systems, one of the segments analyzed in the report, is projected to record a 8.7% CAGR and reach US$36.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Alarms segment is readjusted to a revised 3.1% CAGR for the next 7-year period.
The U. S. Market is Estimated at $12.4 Billion, While China is Forecast to Grow at 10.2% CAGR
The Electronic Security Systems (ESS) market in the U. S. is estimated at US$12.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$15.7 Billion by the year 2027 trailing a CAGR of 10.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.
Electronic Access Control Systems Segment to Record 7.5% CAGR
In the global Electronic Access Control Systems segment, USA, Canada, Japan, China and Europe will drive the 6.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.5 Billion in the year 2020 will reach a projected size of US$7.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$9.5 Billion by the year 2027, while Latin America will expand at a 8.9% CAGR through the analysis period. The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- ADT LLC
- Allegion plc
- ASSA ABLOY AB
- Axis Communications AB
- Bosch Security Systems
- Brinks Home Security
- Changzhou Minking Electronics Co. Ltd.
- CP PLUS GmbH & Co. KG
- Dahua Technology Co. Ltd.
- Diebold Nixdorf, Inc.
- DoorKing Inc.
- dormakaba Holding AG
- Fermax Electronica S. A. U.
- Gemalto N. V.
- Genetec Inc.
- Global Security Solutions
- Gunnebo AB
- Hangzhou Hikvision Digital Technology Co. Ltd.
- Hanwha Techwin Co. Ltd.
- HID Global
- Honeywell International, Inc.
- IDEMIA
- IDenticard Systems
- Identiv Inc.
- Johnson Controls plc
- March Networks Corporation
- MOBOTIX AG
- NEC Corporation of America
- Nortek Security and Control LLC
- Panasonic Corp.
- Pelco by Schneider Electric
- SecuGen Corporation
- STANLEY Security
- Vanderbilt Industries
- Vivint Inc.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Electronic Security Systems: Safeguarding People, Resources and Infrastructure
- Recent Market Activity
- Emerging Trends & Technologies in Electronic Security Market
- Biometrics goes Mainstream
- Edge Intelligence Technology
- Convergence of IT and Security
- Integration of Security Systems with Mobile Technology
- Focus on Enhancing User Experience
- Cloud Technology for Managing Critical Business Information
- Near-field communications (NFC)
- IP Networked Devices
- Global Market Outlook
- Rising Demand for CCTV & Video Surveillance Systems to Spearhead Market Growth
- Security Needs of the Public Sector Propels Demand for Electronic Security Systems
- Developed Regions Lead the Global ESS Market
- Developing Regions Offer Significant Market Growth Opportunities
- Market Fortunes Strongly Linked to Performance of the Global Construction Industry
- Global Competitor Market Shares
- Electronic Security Systems (ESS) Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/oo7xx8
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