Security Solutions Market : Size , Trends and Technology - Global Forecast to 2024

1
MarketsandMarkets Presents
Security Solutions Market by Offering (Products
(Fire Protection, Video Surveillance, Access
Control) and Services (System Integration, Remote
Monitoring, Fire Protection, VSaaS, ACaaS)),
Vertical, and Geography - Global Forecast to
2024 Security solutions market was valued at
USD 257.9 billion in 2019 and is projected to
reach USD 397.6 billion by 2024 at a CAGR of
9.0
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MarketsandMarkets Presents
Security solutions product market for fire
protection systems expected hold the largest
share in 2019 Security solutions product market
for fire protection systems is expected to hold
the largest share in 2019. Enterprises across the
world have increased their spending on fire
protection measures to protect their
infrastructures as well as to reduce risks to
human lives. New intelligent sensors have
networking capabilities, in which a group of
sensors and detectors can communicate easily
through control units, leading to increased
efficiency in fire protection systems. Services
offering to hold a larger share of security
solutions market during the forecast period The
market for security services is expected to hold
a larger size of the market during the forecast
period. Products such as video surveillance
systems, access control systems, and fire
protection systems are implemented for various
application areas such as commercial,
residential, government, transportation, retail,
and banking and finance industries. 

3
MarketsandMarkets Presents
Security solutions market in APAC is expected to
grow at the highest CAGR during the forecast
period The security solutions market in APAC is
expected to grow at the highest CAGR during the
forecast period. In this region, many governments
have laid down the safety norms for various
sectors the execution of these policies would
create a significant demand for security systems
in the future. Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id701 Furthermore, the technological and
economic advancements in the APAC region are
expected to drive the overall demand for security
solutions market.

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MarketsandMarkets Presents
The top players in the security solutions market
ADT (US), Honeywell International Inc. (US),
Johnson Controls (US), Robert Bosch (Germany),
Hikvision (China), Dahua Technology Co., Ltd
(China), Axis Communications AB (Sweden), SECOM
CO. LTD (Japan), United Technologies (US), ASSA
ABLOY (Sweden)

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MarketsandMarkets Presents
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6
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