Security Appliance Market to See 11.38% CAGR: IP-Based Video Surveillance Driving Growth to 2020

20 Apr, 2016, 06:00 ET from ReportsnReports

PUNE, India, April 20, 2016 /PRNewswire/ --

According to the 2016 security appliance market report, there has been an increased adoption of monitoring solutions to prevent unauthorized access to property and information. Since 2010, there has been a significant increase in global criminal attacks and data thefts. Loss of data from organizations can be catastrophic as they contain confidential information. Surveillance devices are used to track people involved in data thefts and criminal activities. This includes criminals entering countries in order to commit crimes. For this reason, airports and seaports need to install security systems.

Complete report on security appliance market spread across 64 pages, analyzing 6 major companies and providing 31 data exhibits is now available at http://www.reportsnreports.com/reports/524646-global-security-appliance-market-2016-2020.html.

The global security appliance market analyst said IP video surveillance systems include video recorders, cameras, and storage devices. Private and public financial institutions have begun using HD cameras, as they have high-quality imaging and up to 180 days' worth of video storage. Moreover, IP cameras are more affordable than analog cameras, and they are scalable and flexible. The analysts forecast the global security appliance market to grow at a CAGR of 11.38% during the period 2016-2020.

This report covers the present scenario and the growth prospects of the global security appliance market for the period 2016-2020. To calculate the market size, the report considers the revenues generated from the sale of physical and network security appliances that include the following: Physical security appliances and Network security appliances.

The large enterprises segment accounted for more than 43% of the security appliance market share during 2015 and is expected to retain its market leadership until the end of 2020. An important factor contributing to the growth of security appliance market segment is the rising concern for physical and network security in organizations around the world. Technological advancements and recent changes in corporate culture have led to employees using their devices such as iPhones, Android phones, and tablets for professional work. This has raised the need to secure corporate data and valuable business information from getting leaked and misused. Moreover, the increasing use of mobile banking among end-users has also increased the need for network security appliances. Additionally, the rising number of criminal activities in organizations will lead to an augmented demand for physical security devices in the forecast period. 

The global security appliance market is highly fragmented owing to the presence of many multinational and regional vendors. Large vendors often acquire small vendors to increase their product portfolio and increase their market presence.  The competition in the market will increase due to solution extensions, technological innovations, and mergers and acquisitions.

Key players in the global security appliance market: Bosch Security Solutions, Honeywell Security, Tyco, Check Point Software Technologies, Fortinet, and Jupiter Networks. Other prominent vendors in the market are: ALL-TAG, Arecont Vision, Assa Abloy, Avigilon, Axis Communications, Check Point Software Technologies, Checkpoint Systems, Future Fibre Technology, Genetec, Gunnebo, H3C Technologies, Hewlett-Packard Enterprise, Hikvision Digital, Kaba Holding, Ketec, Magal Security Systems, March Networks, MOBOTIX, NAPCO Security Systems, Nedap, Panasonic, Qognify, Safran, Samsung Techwin, Siemens, Skybox Security, Sophos, and videoNEX. Order a copy of Global Security Appliance Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=524646.

Another related report is Global Cyber Security Market 2016-2020 which forecasts worldwide cyber security market to grow at a CAGR of 12.13% during the period 2016-2020. Key players in the global cyber security market: Booz Allen Hamilton, Lockheed Martin, McAfee, Symantec and Trend Micro. Other prominent vendors in the market are: Boeing, Brocade Communication, Check Point Software Technologies, Cisco, CSC, EMC, F-Secure, Fortinet, General Dynamics, HP, IBM, Kaspersky Lab, Juniper Networks, L-3 Communications, Microsoft, Northrop Grumman, Raytheon, and Sophos. Browse complete report @ http://www.reportsnreports.com/reports/458715-global-cyber-security-market-2016-2020.html.

Explore other new reports on IT & Telecommunication Market @ http://www.reportsnreports.com/market-research/information-technology/.

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