Global Smart Security Market Forecast 2018-2026

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Global Smart Security Market Forecast 2018-2026

 The Global smart security market is anticipated to grow with a 15.79% CAGR during the forecast period of 2018-2026. The base year considered for the study is 2017 and the estimated period is between 2018 and 2026. Some of the factors that are driving the market growth are: However, the smart security market is largely driven by the rising urbanization and smart city projects. The increasing urban population demands for better and more efficient public safety system.

GLOBAL SMART SECURITY MARKET FORECAST 2018-2026

The global Smart Security Market Is Segmented by Solutions(Surveillance Systems, Critical Infrastructure, Biometric & Authentication System, Cybersecurity) by Services (Support & Maintenance Services, Cloud Services, Consulting Services) & by Geography

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The Global smart security market is anticipated to grow with a 15.79% CAGR during the forecast period of 2018-2026. The base year considered for the study is 2017 and the estimated period is between 2018 and 2026. Some of the factors that are driving the market growth are:

  • Rising Demand for Public Safety
  • Growing Urbanization & Infrastructure projects
  • Increased Crime Rates
  • Smart City Projects in Developing Countries

However, the smart security market is largely driven by the rising urbanization and smart city projects. The increasing urban population demands for better and more efficient public safety system. Additionally, the increasing crime rates in cities and the high incidence of cybercrime are also contributing significantly to the development of the smart security market.

The smart security solutions market is primarily dominated by the cybersecurity segment, which accounted for the market share of XX% in the year 2017. Smart city solutions for protection against cyber-attacks are more efficient than the traditional systems as they offer early detection and prevention of cyber-attacks. The cybersecurity market can be segmented on the basis of solutions into network security, security operations, data security, identity, and access controls, end-point security, and application security. In the smart security services, Cloud Services held the dominant position. Cloud services offer an array of safety and protection solutions like identity management services, physical security, data protection and privacy. The clouds are also laced with advanced encryption algorithms which have been applied to the cloud computing to increase the protection of privacy.

The high costs associated with the implementation of smart security solutions and services is the key factor, which is slowing down its rate of adoption. Moreover, lack of interoperability, the threat of cyber-attacks, privacy concerns, and a lack of awareness and complexities in data gathering and data management are some of the challenges presently faced by the market.

The smart security market is primarily segmented into smart security solutions and smart security services. The smart security solutions consist of physical devices and equipment whereas the services segment comprises of services and software that support and boost the solutions segment.

By Solutions;

  • Surveillance Systems
  • Critical Infrastructure
  • Energy Utilities
  • Ports, Airports & Railways
  • Biometric & Authentication system
  • Cyber Security

By Services;

  • Support & Maintenance Services
  • Cloud Services
  • Consulting Services

On the basis of geography, the global smart security market has been segmented into four major regions;

North America holds the largest market share of the global smart security market. In the year 2017, it accounted for around XX% of the market share. The growth of the smart security market in North America can be largely attributed to the wide government initiatives and the awareness of the population towards protection and safety of themselves as well as their property. The huge investments by the US and Canadian government to improve the security measures in the countries are also largely influencing growth in this market. The large-scale implementation of smart grids in the region also calls for smart security measures. On the other hand, the Asia Pacific region is the fastest growing region. The major driver of the smart security market in the Asia Pacific is the numerous smart city projects undertaken by the various governments across the region. Moreover, the Asia Pacific region is also witnessing a tremendous rise in the urban population. The rapid urbanization in the region is increasing the demand for smart security solutions. Governments across Asia are investing hugely in developing targeted policies for making cities more comfortable, safer and secure place to live.

The Global smart security market is segmented into smart security solutions and smart security services. Smart Security Solutions segment consists of surveillance systems, critical infrastructure, cybersecurity, biometric & authentication systems. Critical Infrastructure is sub-segmented in energy, utilities and ports, airports & railways. The Smart security services segment consists of cloud services, consulting services, support & maintenance services.

The key companies operating in the global smart security market are:

  • Axis Communications AB
  • Bosch Security Systems
  • Honeywell Security
  • NICE Systems Ltd.
  • Tyco International, PLC.
  • others

Company profiles of the notable market players are discussed in detail. Most of the companies look for strategies such as merger & acquisition, partnership, contracts, agreements, and new product launch in order to gain a competitive edge over each other. In June 2017, Honeywell acquired industrial cyber security software leader Nextnine. The acquisition is likely to boost the Company’s existing range of innovative cybersecurity technologies.  In March 2017, Bosch Security Systems and Sony Corporation entered into a partnership agreement in the field of video security solutions.

Key findings of the global smart security market:

  • North America accounts for the largest market share of the overall smart security market. Government initiatives and the awareness of the public safety is the key reason behind North America market advancement.
  • The increasing crime rate and various government initiatives to improve public safety are largely influencing the growth of the market.
  • The biometric and authentication systems market is the fastest growing smart security solution. It is expected to grow at a CAGR of XX % during the forecast period.
  • The smart security market is expected to evolve dynamically in the Asia Pacific region. The presence of many developing countries, smart city projects, and urbanization are the crucial drivers for the growth of the fast-paced Asia Pacific market.
  • Cloud service is the fastest evolving smart security service. It is estimated that the cloud services segment will grow at a CAGR of XX% of during the forecast period.
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • NORTH AMERICA CAPTURED THE LARGEST REVENUE SHARE OF OVERALL MARKET
      • LATIN AMERICA, MIDDLE EAST & AFRICA – MOST PROMISING MARKETPLACES
      • EMERGENCE OF CLOUD-BASED VIDEO SURVEILLANCE SYSTEMS & IP BASED SURVEILLANCE
      • INORGANIC GROWTH IS THE PREFERRED GROWTH PATH
  1. MARKET DYNAMICS
    • MARKET DEFINITION
    • DRIVERS
      • GROWING URBANIZATION & INFRASTRUCTURE PROJECTS
      • RISING DEMAND FOR PUBLIC SAFETY
      • INCREASED CRIME RATES
    • RESTRAINTS
      • HIGH COST OF IMPLEMENTATION
      • THREAT OF CYBER ATTACKS
      • PRIVACY CONCERNS
    • OPPORTUNITIES
      • GROWING INDUSTRIAL AUTOMATION
      • SMART CITY PROJECTS IN DEVELOPING COUNTRIES
      • GROWING INTERNET OF THINGS (IOT) APPLICATIONS
    • CHALLENGES
      • LACK OF INTEROPERABILITY
      • LACK OF AWARENESS
      • COMPLEXITIES IN DATA COLLECTION & MANAGEMENT
  1. MARKET BY SOLUTIONS
    • SURVEILLANCE SYSTEMS
    • CRITICAL INFRASTRUCTURE
      • ENERGY UTILITIES
      • PORTS, AIRPORTS & RAILWAYS
    • BIOMETRIC & AUTHENTICATION SYSTEM
    • CYBER SECURITY
  2. MARKET BY SERVICES
    • SUPPORT & MAINTENANCE SERVICES
    • CLOUD SERVICE
    • CONSULTING SERVICES
  3. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • KEY BUYING CRITERIA
      • COST
      • FEATURES
      • SCALABILITY
      • INTEROPERABILITY
    • PESTEL ANALYSIS
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • FRANCE
      • GERMANY
      • ITALY
      • SPAIN
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST
      • AFRICA
  1. COMPANY PROFILES
    • AMANO MCGANN, INC. – SECURITY SYSTEMS DIVISION
    • AXIS COMMUNICATIONS AB
    • BOSCH SECURITY SYSTEMS
    • CISCO SYSTEMS, INC.
    • ERICSSON, INC.
    • GEMALTO N.V.
    • HITACHI, LTD.
    • HONEYWELL INTERNATIONAL, INC.
    • INTERNATIONAL BUSINESS MACHINES (IBM) CORPORATION
    • INTELLIVISION CORPORATION
    • KAPSCH
    • NEDAP N.V.
    • NICE SYSTEMS LTD.
    • SIEMENS AG
    • THALES GROUP
    • TYCO INTERNATIONAL PLC.

 

LIST OF TABLES

TABLE 1: GLOBAL SMART SECURITY MARKET, BY GEOGRAPHY, 2018-2026 (IN $ BILLION)

TABLE 2: LIST OF MERGER & ACQUISITION IN SMART SECURITY MARKET

TABLE 3: 10 KEY COUNTRIES BY CRIME INDEX

TABLE 4: KEY COUNTRIES AFFECTED BY CYBERCRIME

TABLE 5: GLOBAL SMART SECURITY MARKET, BY SOLUTIONS & SERVICES, 2018-2026, (IN $ BILLION)

TABLE 6: GLOBAL SMART SECURITY MARKET, BY SOLUTIONS, 2018-2026, (IN $ BILLION)

TABLE 7: GLOBAL SURVEILLANCE SYSTEMS MARKET, BY VERTICALS, 2018-2026 (IN $ BILLION)

TABLE 8: GLOBAL CRITICAL INFRASTRUCTURE MARKET, BY TYPE, 2018-2026 (IN $ BILLION)

TABLE 9: GLOBAL BIOMETRIC & AUTHENTICATION SYSTEMS MARKET, BY VERTICALS, 2018-2026 (IN $ BILLION)

TABLE 10: GLOBAL CYBER SECURITY MARKET, BY SOLUTIONS, 2018-2026 (IN $ BILLION)

TABLE 11: GLOBAL SMART SECURITY MARKET, BY SERVICES, 2018-2026 (IN $ BILLION)

TABLE 12: OPPORTUNITY MATRIX OF SMART SECURITY MARKET

TABLE 13: VENDOR LANDSCAPE OF SMART SECURITY MARKET

TABLE 14: GLOBAL SMART SECURITY MARKET, BY GEOGRAPHY, 2018-2026, (IN $ BILLION)

TABLE 15: NORTH AMERICA SMART SECURITY MARKET, BY COUNTRY, 2018-2026 (IN $ BILLION)

TABLE 16: EUROPE SMART SECURITY MARKET, BY COUNTRY, 2018-2026 (IN $ BILLION)

TABLE 17: ASIA PACIFIC SMART SECURITY MARKET, BY COUNTRY, 2018-2026 (IN $ BILLION)

TABLE 18: REST OF THE WORLD SMART SECURITY MARKET, BY REGION, 2018-2026 (IN $ BILLION)

LIST OF FIGURES

FIGURE 1: GLOBAL SMART SECURITY MARKET, BY SOLUTIONS, 2017 & 2026 (IN %)

FIGURE 2: NORTH AMERICA SMART SECURITY MARKET, 2018-2026 (IN $ BILLION)

FIGURE 3: LATIN AMERICA, MIDDLE EAST & AFRICA SMART SECURITY MARKET, 2018-2026 (IN $ BILLION)

FIGURE 4: PERCENTAGE OF URBAN POPULATION ACROSS KEY GEOGRAPHIES, 2017

FIGURE 5: GLOBAL SMART SECURITY SOLUTIONS MARKET, BY SURVEILLANCE SYSTEMS, 2018-2026 (IN $ BILLION)

FIGURE 6: GLOBAL SMART SECURITY SOLUTIONS MARKET, BY CRITICAL INFRASTRUCTURE, 2018-2026 (IN $ BILLION)

FIGURE 7: GLOBAL ENERGY UTILITIES MARKET, 2018-2026 (IN $ BILLION)

FIGURE 8: GLOBAL PORTS, AIRPORTS & RAILWAYS MARKET, 2018-2026 (IN $ BILLION)

FIGURE 9: GLOBAL SMART SECURITY SOLUTIONS MARKET, BY BIOMETRIC & AUTHENTICATION SYSTEMS, 2018-2026 (IN $ BILLION)

FIGURE 10: GLOBAL SMART SECURITY SOLUTIONS MARKET, BY CYBER SECURITY, 2018-2026 (IN $ BILLION)

FIGURE 11: GLOBAL SMART SECURITY SERVICES MARKET, BY SUPPORT & MAINTENANCE SERVICES, 2018-2026 (IN $ BILLION)

FIGURE 12: GLOBAL SMART SECURITY SERVICES MARKET, BY CLOUD SERVICES, 2018-2026 (IN $ BILLION)

FIGURE 13: GLOBAL SMART SECURITY SERVICES MARKET, BY CONSULTING SERVICES, 2018-2026 (IN $ BILLION)

FIGURE 14: PORTER’S FIVE FORCE MODEL OF SMART SECURITY MARKET

FIGURE 15: PESTEL ANALYSIS OF SMART SECURITY MARKET

FIGURE 16: KEY BUYING IMPACT ANALYSIS

FIGURE 17: GLOBAL SMART SECURITY MARKET, REGIONAL OUTLOOK, 2017 & 2026 (IN %)

FIGURE 18: UNITED STATES SMART SECURITY MARKET, 2018-2026 (IN $ BILLION)

FIGURE 19: CANADA SMART SECURITY MARKET, 2018-2026 (IN $ BILLION)

FIGURE 20: UNITED KINGDOM SMART SECURITY MARKET, 2018-2026 (IN $ BILLION)

FIGURE 21: FRANCE SMART SECURITY MARKET, 2018-2026 (IN $ BILLION)

FIGURE 22: GERMANY SMART SECURITY MARKET, 2018-2026 (IN $ BILLION)

FIGURE 23: ITALY SMART SECURITY MARKET, 2018-2026 (IN $ BILLION)

FIGURE 24: SPAIN SMART SECURITY MARKET, 2018-2026 (IN $ BILLION)

FIGURE 25: REST OF EUROPE SMART SECURITY MARKET, 2018-2026 (IN $ BILLION)

FIGURE 26: CHINA SMART SECURITY MARKET, 2018-2026 (IN $ BILLION)

FIGURE 27: JAPAN SMART SECURITY MARKET, 2018-2026 (IN $ BILLION)

FIGURE 28: INDIA SMART SECURITY MARKET, 2018-2026 (IN $ BILLION)

FIGURE 29: AUSTRALIA SMART SECURITY MARKET, 2018-2026 (IN $ BILLION)

FIGURE 30: REST OF ASIA PACIFIC SMART SECURITY MARKET, 2018-2026 (IN $ BILLION)

FIGURE 31: LATIN AMERICA SMART SECURITY MARKET, 2018-2026 (IN $ BILLION)

FIGURE 32: MIDDLE EAST SMART SECURITY MARKET, 2018-2026 (IN $ BILLION)

FIGURE 33: AFRICA SMART SECURITY MARKET, 2018-2026 (IN $ BILLION)

  1. MARKET BY SOLUTIONS
    • SURVEILLANCE SYSTEMS
    • CRITICAL INFRASTRUCTURE
      • ENERGY UTILITIES
      • PORTS, AIRPORTS & RAILWAYS
    • BIOMETRIC & AUTHENTICATION SYSTEM
    • CYBER SECURITY
  2. MARKET BY SERVICES
    • SUPPORT & MAINTENANCE SERVICES
    • CLOUD SERVICE
    • CONSULTING SERVICES
  3. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • FRANCE
      • GERMANY
      • ITALY
      • SPAIN
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST
      • AFRICA

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