Security Solutions Market Research Report- Forecast 2027

Security Solutions Market Research Report, by Product (Entrance control, Intruder alarms, Wireless systems), Service (Remote monitoring services, Fire protection services, Others), End-user (Commercial, Industrial, Others) — Forecast till 2027

ID: MRFR/SEM/1843-HCR | February 2021 | Region: Global | 100 pages

Security solution protects both software information and infrastructure. The operation of the security system is essential for commercial, business and personal purposes. The security solution system is crucial for surveillance, monitoring, protection and integration services. Today, many governments are pressing the need for data integrity. Due to which the demand for security solutions is high these days.


The secure network solutions protect the confidential data of any company. Many companies are adapting to the security solution system much faster. On the other hand, a Security solution for home protects the commercial assets. It is the best system to protect any infrastructure from theft and robbery. There are various end-users for the security solutions market. Due to the high demand, the Global Security Solutions Market Growth is expected to be 10.73% in 2023. Also, the market value is estimated at 410.27 in the forecast period. 


Covid 19 analysis 


Covid 19 has several impacts on various industries. With the shutdown of IT and other industries, the security solutions industry demand is affected. Two sectors in the security solutions market are Home Security Systems & Solutions Market. More than the home solutions security market, the network security market is majorly affected. However, the demand for home security solutions remains intact during the covid 19. There is not any big downfall in this sector. The demand for the home security market is rising during covid 19. As the theft and robbery during covid 19 is higher the demand for home security solutions is also higher. 


Market dynamics 



  • The crucial market drivers 


Today, there is a great awareness to protect assets from cyber threats. It is a crucial factor that drives demand for the security solutions market. The increasing awareness about home security and network security solutions are rising the customer spending on the system. Today, developing urbanisation provides more growth for the security solution market. Today, top organisations are always under the threat of cyber attacks. It is a sophisticated issue that can result in massive losses. The deployment of a security solution is a need in today's world.


Also, the government imposes several laws on the organisation to maintain a proper security solution. The organisation needs to meet mandatory security standards. This initiative by the government is another major market driving factor. When considering home security, there are several governmental laws on this also. In some countries, it is compulsory to follow the governmental norms of home security. These strict governmental laws and the need for security are the most-important demand driving factors of the security market. 



  • The market growth opportunities


Today, small and medium-sized enterprises are streamlining their business structure to achieve efficiency. These enterprises do not have a standard security measure. It exposes these businesses to serious cyber threats. These enterprises require stringent security solutions to protect their endpoints, network, data and applications. To experience safe business processes, these organisations require exception security solutions. It is changing the interests of these enterprises to acquire the best network security solution.


This transformation of SME enterprises to shift from conventional to high-end security solution provides future scope. The new cloud-based network security solutions are easier to adopt. The flexibility and cost-effectiveness offer more growth opportunities for the security solutions market. There is going to be massive infrastructural development in future. It provides more growth opportunities for the home-security solutions market. Both the sectors in security solutions have solid-opportunities for market expansion. 



  • The market restraints 


The cost of installing security services is expensive. It is a major factor that restraints the growth of the security solutions market. There are plenty of free security services offered by cloud service providers. Most of the audiences get attracted to free security services. Only some of the audiences are aware of the premium benefits of paid security solutions. The free security solutions provided by some service providers’ restrict the demand for premium security solutions. Free security does not have such services. However, due to cost-effectiveness, many audiences prefer this. The lack of awareness about quality security solutions is the major-market restraint. 



  • The market challenges 


Today, the structure of the organisation is fluctuating rapidly. There are several difficulties in mitigating risks, troubleshooting and monitoring any organisation structure. These fluctuations make it impossible to follow a standard security solution. Today, there are several endpoints in any organisation infrastructure. Endpoint security solutions are diverse. It is not compatible with a standard-security solution. Due to this, it is complex to have access to a standard and efficient security solution. The changing infrastructure of the organisation poses a vital-challenge for the security solutions market. 



  • Cumulative growth analysis 


There is a serious-need for development in endpoint security solutions. The future of security solution is all about endpoint security efficiency. Today, the companies have several endpoints such as Smartphone, tablets, desktops, laptops through which users have access to organisation data. It is necessary to offer these organizations standard security solutions that comply with all the endpoints. Otherwise, data breach and cyber threat rate are high. Also, the installation price of a home security solution is high. There is a serious-need to fix this issue to expand the growth of the market. 



  • The value chain analysis 


North America is holding the largest-security solutions market share. As per Security Solutions Market Research, the US will dominate the market in the forecast year 2023. The adoption of security solutions in North America are happening at an exponential pace. It is the early region to adopt video surveillance, access control and other security systems. Due to the stringent government security norms, the growth rate is higher. Also, the awareness of network and home security is high in this region. The well-established security solutions market players are enhancing the US secure solutions in the upcoming years. It will pave-way for more growth of security services in this region. 


Segment Overview 


By-products 



  • Fire security solutions 

  • Fire Sprinkler Systems

  • Fire detection system

  • Fire response system

  • Fire suppression system 


Video surveillance system 



  • Storage devices 

  • Cameras 

  • Monitors 


By service 



  • Fire protection services

  • Access control services 

  • Video surveillance services 


By end-users 



  • Retailers 

  • Transportation 

  • Commercial 

  • Residential 

  • Industrial 

  • Healthcare 

  • Military 

  • Government 


By region 



  • North America 

  • Asia pacific 

  • Europe 


Regional analysis 


The security solutions market size will expand significantly in the forecast period of 2023. The market is diversified by three main regional players that are Asia Pacific, North America and Europe. North America is the leading security solutions market. The reason for the massive demand is stringent government security regulation. Asia pacific is the fast-growing region of the security solutions market.


The increasing crime rate is crucial for the massive-requirement of the security solutions market. Also, the rapid growth of infrastructure and organisations are another market driving factors for the security solution market. Europe is experiencing a steady flow of demand. Both the requirement for home and network security solution is increasing every year in this region. The increasing rate of urbanisation and construction is the major cause of massive growth. Further, North America and the Asia Pacific will reach their highest revenue rate in the security solutions services in 2023. 


Competitive landscape 


The key players of the market are introducing a new range of security solutions for various industries. It is a strategy to enhance their experience with a significant rise in the market growth rate. Also, the key players are making efforts to acquire more shares and expand the market in less popular regions. 


The key players of the security solution market are 



  • ADT Corp(US)

  • Tyco International Ltd (US)

  • Bosch Security Systems (Germany)

  • SECOM Co., Ltd (Japan)

  • Godrej & Boyce Limited (India)

  • ASSA ABLOY AB (Sweden)

  • Nortek Security & Control LLC (US)

  • Hikvision Digital Technology Co.Lt (China)

  • UTC Fire & Security (US)


Recent developments 



  • The key players are collaborating with cloud systems to provide efficient security solutions to the audience. The new collaboration is enabling new data and threat protection programs. The visibility and control of this system are efficient than conventional solutions. 

  •  

  • The key players are offering new data protection solutions. It is a solution with better cost, fast deployment and ultimate security. 

  • The key players of the market are patterning with top industries to provide excellent endpoint security solutions. Any enterprise can install this endpoint security solution with ease. These endpoint solutions offer better protection for the entire endpoint device of the company. It is a special tool to protect my enterprise from the harmful effects of cyber attacks. 


Report overview 



  1. Market overview highlights 

  2. Analysis based upon COVID 19

  3. Explanation upon the Market Dynamics

  4. Value chain analysis

  5. Market segmentation overview

  6. The regional analysis

  7. Competitive landscape analysis

  8. Recent Developments



Frequently Asked Questions (FAQ) :


The global market of security solution is expected to thrive at 10.73% CAGR and value at USD 140.27 billion by 2023.

In 2017, the security solutions market value was recorded at USD 222.52 billion.

Godrej & Boyce Manufacturing Company Limited (India), and Bosch Security Systems (Germany) are some well-established companies in the security solution market.

Remote monitoring services of security solutions are widely used. Other services, such as video surveillance services, fire protection services, security systems integration, and access control service are observed to have considerable traction.

Commercial, retail, transportation, energy & utility, industrial, education, BFSI, transportation, government, and residential are common end-users of security solutions. BFSI that handles sensitive data are likely to extensively deploy security solutions.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Security Solutions Market

5 Industry Overview of Global Security Solutions Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7 Global Security Solutions Market by Product

7.1 Introduction

7.2 Entrance Control

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast by Region, 2020–2027

7.3 Intruder Alarms

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast by Region, 2020–2027

7.4 Wireless Systems

7.4.1 Market Estimates & Forecast, 2020–2027

7.4.2 Market Estimates & Forecast by Region, 2020–2027

7.5 Video Surveillance

7.5.1 Market Estimates & Forecast, 2020–2027

7.5.2 Market Estimates & Forecast by Region, 2020–2027

7.6 Access Control

7.6.1 Market Estimates & Forecast, 2020–2027

7.6.2 Market Estimates & Forecast by Region, 2020–2027

7.7 Fire Control

7.7.1 Market Estimates & Forecast, 2020–2027

7.7.2 Market Estimates & Forecast by Region, 2020–2027

7.8 Thermal Cameras

7.8.1 Market Estimates & Forecast, 2020–2027

7.8.2 Market Estimates & Forecast by Region, 2020–2027

7.9 Others

7.9.1 Market Estimates & Forecast, 2020–2027

7.9.2 Market Estimates & Forecast by Region, 2020–2027

8 Global Security Solutions Market by Service

8.1 Introduction

8.2 Remote Monitoring Services

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast, by Region, 2020–2027

8.3 Fire Protection Services

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, by Region, 2020–2027

8.4 Video Surveillance Services

8.4.1 Market Estimates & Forecast, 2020–2027

8.4.2 Market Estimates & Forecast, by Region, 2020–2027

8.5 Access Control Service

8.5.1 Market Estimates & Forecast, 2020–2027

8.5.2 Market Estimates & Forecast, by Region, 2020–2027

8.6 Security Systems Integration

8.6.1 Market Estimates & Forecast, 2020–2027

8.6.2 Market Estimates & Forecast, by Region, 2020–2027

8.7 Others

8.7.1 Market Estimates & Forecast, 2020–2027

8.7.2 Market Estimates & Forecast, by Region, 2020–2027

9 Global Security Solutions Market by End-User

9.1 Introduction

9.2 Commercial

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast, by Region, 2020–2027

9.3 Industrial

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast, by Region, 2020–2027

9.4 Energy & Utility

9.4.1 Market Estimates & Forecast, 2020–2027

9.4.2 Market Estimates & Forecast, by Region, 2020–2027

9.5 Transportation

9.5.1 Market Estimates & Forecast, 2020–2027

9.5.2 Market Estimates & Forecast, by Region, 2020–2027

9.6 Retail

9.6.1 Market Estimates & Forecast, 2020–2027

9.6.2 Market Estimates & Forecast, by Region, 2020–2027

9.7 Banking & Finance

9.7.1 Market Estimates & Forecast, 2020–2027

9.7.2 Market Estimates & Forecast, by Region, 2020–2027

9.8 Education

9.8.1 Market Estimates & Forecast, 2020–2027

9.8.2 Market Estimates & Forecast, by Region, 2020–2027

9.9 Residential

9.9.1 Market Estimates & Forecast, 2020–2027

9.9.2 Market Estimates & Forecast, by Region, 2020–2027

9.10 Government

9.10.1 Market Estimates & Forecast, 2020–2027

9.10.2 Market Estimates & Forecast, by Region, 2020–2027

9.11 Transportation

9.11.1 Market Estimates & Forecast, 2020–2027

9.11.2 Market Estimates & Forecast, by Region, 2020–2027

9.12 Others

9.12.1 Market Estimates & Forecast, 2020–2027

9.12.2 Market Estimates & Forecast, by Region, 2020–2027

10 Global Security Solutions Market by Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast, by Country, 2020–2027

10.2.2 Market Estimates & Forecast, by Product, 2020–2027

10.2.3 Market Estimates & Forecast, by Service, 2020–2027

10.2.4 Market Estimates & Forecast, by End-User, 2020–2027

10.2.5 US

10.2.5.1 Market Estimates & Forecast, by Product, 2020–2027

10.2.5.2 Market Estimates & Forecast, by Service, 2020–2027

10.2.5.3 Market Estimates & Forecast, by End-User, 2020–2027

10.2.6 Canada

10.2.6.1 Market Estimates & Forecast, by Product, 2020–2027

10.2.6.2 Market Estimates & Forecast, by Service, 2020–2027

10.2.6.3 Market Estimates & Forecast, by End-User, 2020–2027

10.2.7 Mexico

10.2.7.1 Market Estimates & Forecast, by Product, 2020–2027

10.2.7.2 Market Estimates & Forecast, by Service, 2020–2027

10.2.7.3 Market Estimates & Forecast, by End-User, 2020–2027

10.3 Europe

10.3.1 Market Estimates & Forecast, Country, 2020–2027

10.3.2 Market Estimates & Forecast, by Product, 2020–2027

10.3.3 Market Estimates & Forecast, by Service, 2020–2027

10.3.4 Market Estimates & Forecast, by End-User, 2020–2027

10.3.5 Germany

10.3.5.1 Market Estimates & Forecast, by Product, 2020–2027

10.3.5.2 Market Estimates & Forecast, by Service, 2020–2027

10.3.5.3 Market Estimates & Forecast, by End-User, 2020–2027

10.3.6 France

10.3.6.1 Market Estimates & Forecast, 2020–2027

10.3.6.2 Market Estimates & Forecast, by Product, 2020–2027

10.3.6.3 Market Estimates & Forecast, by Service, 2020–2027

10.3.6.4 Market Estimates & Forecast, by End-User, 2020–2027

10.3.7 Italy

10.3.7.1 Market Estimates & Forecast, by Product, 2020–2027

10.3.7.2 Market Estimates & Forecast, by Service, 2020–2027

10.3.7.3 Market Estimates & Forecast, by End-User, 2020–2027

10.3.8 Spain

10.3.8.1 Market Estimates & Forecast, by Product, 2020–2027

10.3.8.2 Market Estimates & Forecast, by Service 2020–2027

10.3.8.3 Market Estimates & Forecast, by End-User, 2020–2027

10.3.9 UK

10.3.9.1 Market Estimates & Forecast, by Product, 2020–2027

10.3.9.2 Market Estimates & Forecast, by Service, 2020–2027

10.3.9.3 Market Estimates & Forecast by End-User, 2020–2027

10.4 Asia-Pacific

10.4.1 Market Estimates & Forecast, Country, 2020–2027

10.4.2 Market Estimates & Forecast, by Product, 2020–2027

10.4.3 Market Estimates & Forecast, by Service, 2020–2027

10.4.4 Market Estimates & Forecast, by End-User, 2020–2027

10.4.5 China

10.4.5.1 Market Estimates & Forecast, by Product, 2020–2027

10.4.5.2 Market Estimates & Forecast, by Service, 2020–2027

10.4.5.3 Market Estimates & Forecast, by End-User, 2020–2027

10.4.6 India

10.4.6.1 Market Estimates & Forecast, by Product, 2020–2027

10.4.6.2 Market Estimates & Forecast, by Service, 2020–2027

10.4.6.3 Market Estimates & Forecast, by End-User, 2020–2027

10.4.7 Japan

10.4.7.1 Market Estimates & Forecast, by Product, 2020–2027

10.4.7.2 Market Estimates & Forecast, by Service, 2020–2027

10.4.7.3 Market Estimates & Forecast, by End-User, 2020–2027

10.4.8 Rest of Asia Pacific

10.4.8.1 Market Estimates & Forecast, by Product, 2020–2027

10.4.8.2 Market Estimates & Forecast, by Service, 2020–2027

10.4.8.3 Market Estimates & Forecast, by End-User, 2020–2027

10.5 The rest of the world

10.5.1 Market Estimates & Forecast, Country, 2020–2027

10.5.2 Market Estimates & Forecast, by Product, 2020–2027

10.5.3 Market Estimates & Forecast, by Service, 2020–2027

10.5.4 Market Estimates & Forecast, by End-User, 2020–2027

10.5.5 Middle East & Africa

10.5.5.1 Market Estimates & Forecast, by Product, 2020–2027

10.5.5.2 Market Estimates & Forecast, by Service, 2020–2027

10.5.5.3 Market Estimates & Forecast, by End-User, 2020–2027

10.5.6 Latin America

10.5.6.1 Market Estimates & Forecast, by Product, 2020–2027

10.5.6.2 Market Estimates & Forecast, by Service, 2020–2027

10.5.6.3 Market Estimates & Forecast, by End-User, 2020–2027

11 Company Landscape

12 Company Profiles

12.1 Honeywell International, Inc.

12.1.1 Company Overview

12.1.2 Product/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.2 Tyco International Ltd

12.2.1 Company Overview

12.2.2 Product/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.3 Godrej & Boyce Manufacturing Company Limited

12.3.1 Company Overview

12.3.2 Product/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.4 Bosch Security Systems

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.5 ASSA ABLOY AB

12.5.1 Company Overview

12.5.2 Product/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.6 Hikvision Digital Technology Co.Lt

12.6.1 Company Overview

12.6.2 Product/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.7 ADT Corp

12.7.1 Company Overview

12.7.2 Product/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.8 Nortek Security & Control LLC

12.8.1 Company Overview

12.8.2 Product/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.9 UTC Fire & Security

12.9.1 Company Overview

12.9.2 Product/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.10 SECOM Co., Ltd

12.10.1 Company Overview

12.10.2 Product/Business Segment Overview

12.10.3 Financial Updates

12.10.4 Key Developments

13 Conclusion

LIST OF TABLES

Table 1 Global Security Solutions Market, by Region, 2020–2027

Table 2 North America: Security Solutions Market, by Country, 2020–2027

Table 3 Europe: Security Solutions Market, by Country, 2020–2027

Table 4 Asia Pacific: Security Solutions Market, by Country, 2020–2027

Table 5 The Middle East & Africa: Security Solutions Market, by Country, 2020–2027

Table 6 Latin America: Security Solutions Market, by Country, 2020–2027

Table 7 Global Security Solutions Product Market, by Region, 2020–2027

Table 8 North America: Security Solutions Product Market, by Country, 2020–2027

Table 9 Europe: Security Solutions Product Market, by Country, 2020–2027

Table10 Asia Pacific: Security Solutions Product Market, by Country, 2020–2027

Table11 The Middle East & Africa: Security Solutions Product Market, by Country, 2020–2027

Table12 Latin America: Security Solutions Product Market, by Country, 2020–2027

Table13 Global Security Solutions Service Market, by Region, 2020–2027

Table14 North America: Security Solutions Service Market, by Country, 2020–2027

Table15 Europe: Security Solutions Service Market, by Country, 2020–2027

Table16 Asia Pacific: Security Solutions Service Market, by Country, 2020–2027

Table17 The Middle East & Africa: Security Solutions Service Market, by Country, 2020–2027

Table18 Latin America: Security Solutions Service Market, by Country, 2020–2027

Table19 Global Security Solutions End-User Market, by Region, 2020–2027

Table20 North America: Security Solutions End-User Market, by Country, 2020–2027

Table21 Europe: Security Solutions End-User Market, by Country, 2020–2027

Table22 Asia Pacific: Security Solutions End-User Market, by Country, 2020–2027

Table23 The Middle East & Africa: Security Solutions End-User Market, by Country, 2020–2027

Table24 Latin America: Security Solutions End-User Market, by Country, 2020–2027

Table25 Asia Pacific: Security Solutions Market, by Country

Table26 Asia Pacific: Security Solutions Market, by Product

Table27 Asia Pacific: Security Solutions Market, by Service

Table28 Asia Pacific: Security Solutions Market, by End-User

Table29 The Middle East & Africa: Security Solutions Market, by Country

Table30 The Middle East & Africa: Security Solutions Market, by Product

Table31 The Middle East & Africa: Security Solutions Market, by Service

Table32 The Middle East & Africa: Security Solutions Market, by End-User

Table33 Latin America: Security Solutions Market, by Country

Table34 Latin America: Security Solutions Market, by Product

Table35 Latin America: Security Solutions Market, by Service

Table36 Latin America: Security Solutions Market, by End-User

LIST OF FIGURES

FIGURE 1 Global Security Solutions Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Security Solutions Market

FIGURE 4 Value Chain of Global Security Solutions Market

FIGURE 5 Share of Global Security Solutions Market in 2020, by Country (in %)

FIGURE 6 Global Security Solutions Market, 2020–2027

FIGURE 8 Global Security Solutions Market Size, by Product, 2020

FIGURE 9 Share of Global Security Solutions Market, by Product, 2020 to 2027

FIGURE 10 Global Security Solutions Market Size, by Service, 2020

FIGURE 11 Share of Global Security Solutions Market, by Service, 2020 to 2027

FIGURE 12 Global Security Solutions Market Size, by End-User, 2020 to 2027

FIGURE 13 Share of Global Security Solutions Market, by End-User, 2020 to 2027