Electronic Security Systems Market – Forecasts from 2021 to 2026 Released

The following are topline results from Research and Markets latest security industry report:

– The electronic system security market was valued at US$46.167 billion in 2019 and is expected to grow at a CAGR of 11.28% over the forecast period to reach a total market size of US$95.442 billion in 2026

– One of the biggest markets in the technology segment is the surveillance market and it has tremendous growth prospects globally as well as in India

– Investments and new technology in electronic security are driving the market. In India, this sector has attracted strong investment in the form of FDI inflows. Companies in India are planning to invest in production, distribution, and R&D in the upcoming years

– The increase in terror activities globally has raised alarms for increasing the security services. For example, if we talk about terrorism, India ranks sixth out of 162 countries in terms of terrorism. The number of incidents of killing were 476 in 2018. 2019 recorded 1,787 terrorism-linked incidents

– Companies mentioned in this report include; FrontPoint Security Solutions, ADT LLC, Link Interactive, Vivint Inc., Zicom Electronic Security Systems Limited, Bosch Sicherheitssysteme GmbH, Protect America Inc., Axis Communications AB, Honeywell Security and A2 Systems LLC

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Electronic Security Systems Market – Forecasts from 2021 to 2026