ID: MRFR/ICT/4122-HCR | February 2021 | Region: Global | 100 pages
The increasing cyber threats in the enterprises are aiding the Security System Integrators Market Growth. Because of the cyber threats, the adoption of security systems is rapidly increasing. Most of the government agencies and IT services these days are keeping their confidential data and processes in the cloud-based system which increases the risk of losing data. Therefore, the increasing demand for higher security is boosting the growth of the market.
Because of the covid-19 pandemic, many governments across the world has mandated for private and public organisations to embrace new working practices such as working remotely to ensure social distancing. Owing to the new practices, digital has become the new way of everything especially doing business. Various organisations now bound to opt for vast cyber resiliency practices and Business Continuity Plan (BCP). To modernize the work culture, organisations are also introducing new work procedures such as work from home (WFH) and bring your own device (BYOD).
There are various factors that are going to play a key role in driving the market for Security systems. The three primary factors are the emerging threat of terrorist attacks, advancements of technology, and the growing demand in various smart cities across the globe. Governments across the world, are more focussed on the physical security part and they are ready to take the extra burden to secure important places like parliaments, embassies, offices, courts etc. In fact, places where there is a scope of public gathering are also being brought under security surveillance. With the help of the latest technologies, Smart Fence Sensors, Drones etc are being utilised to cover big events and programs keep the security concerns in mind.
With the amalgamation of electronic and physical spaces, the scope of more adoption of various security services have gone up. Additionally, IoT and ICT are going to push the drive further. The advancement of technology in regards to Wireless systems will also play a big role in the market for Security systems. According to the Security System Integrators Market Forecast, the market is expected to grow at a CAGR of 10%.
Security System Integrators Market Segmented Overview:
The Security System Integrators Industry market globally is segmented into four parts- industry vertical, type, organisation size, and region.
By Industry Vertical:
Based on the industry verticals, the market is segmented into
By Organization Size:
Based on the organisation size, the security system integrators market is further segmented into-
Based on type, the market can be further classified into-
Based on region, the global market of security system integrators are classified into-
Security System Integrators Market Regional Analysis:
According to the regional study, North America holds the biggest Security System Integrators Market Share of the global Security System Integrators Market Size. Also, it is assumed that this region will also maintain the same status throughout the forecast period. North America as a region has always been technologically advanced. It has many dominating enterprises. USA has most of these dominant IT sectors. Therefore, USA is rising their demand for strong security system integrators. These days, most of government agencies and enterprises are opting for moving their important data, services and processes to the cloud. Hence, the risk of important information being compromised or data loss is becoming more prominent. Therefore, USA is always high on their demand with security system integrator. Based on the security demand, Canada and Mexico are next to the list after USA.
According to the Growth:
rate, Europe stands next to North America. Regarding the data transmission, the government's strict
policies and regulations are working as the driving factor behind the growth of the security system integrator market in the European region. The specific countries having major share in the market are- UK, Germany and France.
The Asia-pacific region is growing towards technological advancement, but the region is still some steps back from the North American and the European market. Also, the growing pace is different as well. The Asia Pacific region is growing slowly because of the slow and late adoption of IT services and, eventually the demand for security system integrators. But, due to increasing demand of the cloud services and IT infrastructure development, the market is witnessing a rising demand of the security system. This regional market is expected to grow during the forecast period. The prominent countries of the Security System Integrators Industry in this region are- China, Japan and India, followed by some other countries of Asia-Pacific.
In the year 2019, there was a partnership between IMP and Vodafone-Idea business Center for establishing a solution for secure device management.
AT & T had a collaboration with Broadcom and Palo Alto Networks for disintegrated firewalls, which are scalable
NTT had a partnership with the government of the UK for the creation of a framework for the 5G network
These instances are surely going to have a great impact on the future for the Security System market.
Security System Integrators Market Competitive Landscape:
The support from government agencies all across the world is increasing in order to acquire normalcy during the current situation. The market is shaped by the need to adopt a cost-effective and rapid method and Security System Integrators Market Trends to secure the system. However, the market growth has become sloth because of the difference between the demand and estimated supply.
Moreover, the competition in the market is also going to increase because of the rising innovation. The need to address the customer in a polished and better manner encourage businesses to look after their decision regarding the environmental impacts in anticipated to shape the global market. According to the MRFR, the market of system security integrators is about to grow at a CAGR of 10% during the forecast period. These systems are wireless and not only easy to use but also have a easy installation process as well.
Security System Integrators Market Key Players:
The major key players of the global market of system security integrators include akamai technologies inc (USA), carbon black inc (USA), anchor technologies inc (USA), checkpoint software technologies ltd (Israel), cognizant technology solutions corporation (USA), cisco system, inc. (USA), Deloitte touche Tohmatsu limited (USA), FireEye, Inc. (USA), F-Secure Corporation (Finland), innovative solutions to (Saudi Arabia), HCL technologies limited (India), Hewlett Packard enterprise development LP (USA), integrity360 (Ireland), RSA Security LLC (USA), Palo alto networks Inc. (usa), setronics corporation (USA), Veracode, inc. (USA), Wipro limited (India), WhiteHat security (USA), vandis, Inc. (USA), international business machines corporation (USA), McAfee, LLC (USA).
This report comprises of
Frequently Asked Questions (FAQ) :
It is the government, aerospace & defense, banking & financial services, IT & Telecom sectors that are benefitting the market to a great extent
The impactful factors such as growing complexities in the network, swelling trend of IoT and BYOD in various large enterprises who are trying to improve their efficiency and productivity are influencing the market growth.
Application security, endpoint security, network security, and data security are the key segments of the market.
The geographical analysis of the security system integrator market indicates key regions of Asia Pacific, Europe, North America, and the rest of the world at the forefront.
The major factor impacting the growth of Europe is directed towards strict government regulation and policies regarding data transmission, in terms of market share.