LONDON--(BUSINESS WIRE)--Technavio has published a new report on the global smart security market, which is expected to grow at a CAGR of over 18% from 2015-2019.
About the Report
The new Technavio report indicates that the rise in terrorist attacks has forced many countries to implement smart security solutions. The US government has taken initiatives to investigate and identify criminals by using security systems like video surveillance, access control systems, intruder alarms, perimeter intrusion prevention systems, and advanced software.
“Terrorism has increased significantly in areas like the Philippines in the last few years, resulting in an increased number of deaths from 2012-2013. This has led to higher demand for smart security solutions,” says Faisal Ghaus, Vice President of Technavio.
The latest Technavio report also emphasizes cloud-based video surveillance systems, which provide a more cost-effective and flexible solution for end-users to invest in.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the global smart security market from 2015-2019. The calculate the market size, Technavio uses revenue generated from the sales of smart security products such as video surveillance, access control systems, etc.
Key Information Covered in the Report:
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Key Vendors:
- Axis Communications AB
- Bosch Security Systems Inc.
- Cisco Systems Inc.
- Honeywell Security Group
- NICE Systems Ltd.
- Tyco International Ltd.
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Market Growth Drivers:
- Instances of Terrorist Attacks in the Past
- For a full detailed list, view our report.
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Market Challenges:
- Uncertain Economic Conditions
- For a full detailed list, view our report.
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Market Trends:
- Adoption of Cloud-based Technologies
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the smart security market:
- Smart Container Security and Tracking Market 2015-2019
- Global Smart Grid Home Area Network (HAN) Market 2015-2019
If you are interested in more information, please contact our media team at media@technavio.com.
