Industrial Security Systems Market - Provide Imperatives for Business

Posted by RASHMI on June 12th, 2019

Industrial security system is becoming a vital part for every business individual. Industrial security systems detect liquor products, weapons, metal objects, and others. It is used to maintain and monitor security with the use of surveillance equipment. Furthermore, it provides internal security that helps to protect resources, industrial installations, materials, utilities, and confidential information from any kind of damage or loss. Several industrial buildings, governments’ buildings, financial institutes, and corporate societies are installing hi-end security systems due to security concerns.

Major Players Operating:

Honeywell International Inc., Cisco Systems, Inc., Robert Bosch GmbH, L3 Technologies, Inc., Johnson Controls, Securitas AB, Tyco Security Products, Protection One, Rockwell Automation, Inc., Veridin Systems Canada Inc., Gray Security Systems, JMG Security Systems, Inc., ISS Security, and Sonitrol Canada.

Drivers:

• Restrict terrorist activities all across the world
• Rising need for accurate and high quality tools to keep the premises of numerous organizations safe, as safety and security
• Increasing growth in isolated network monitoring systems, and increasing danger from terrorist attacks
• Rising new technology and technological advancement with rising competition between the players projected to be an opportunity growth

Hinderance:

• Highly integrated security systems and high cost of security systems

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Industrial security systems market Segmentation:

By system, technology, end-use, service, and region. In terms of system, the market has been segregated into video surveillance systems, intrusion detection systems, access control systems, and others (mobile jammer, evacuation system, and fire safety system). Video surveillance systems sub-segment is further divided into system (cameras, video encoders, recorders) and software. The access control systems segment is divided into personnel identification systems and vehicle identification systems. Based on intrusion detection systems, the market is categorized into detectors & sensors and related accessories.