The Worldwide Commercial Security System Industry is Expected to Reach $342.6 Billion by 2026

DUBLIN, March 3, 2021 /PRNewswire/ -- The "Global Commercial Security System Market with COVID-19 Impact Analysis by Hardware (Fire Protection, Video Surveillance, Access Control), Service (System Integration, Remote Monitoring), Software, Vertical, and Geography - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The global commercial security system market is projected to grow from USD 223.9 billion in 2021 to USD 342.6 billion by 2026; it is estimated to grow at a CAGR of 8.9% during the forecast period.

Key factors contributing to the growth of the commercial security system market include the rising number of terrorist attacks and organized crimes across the world, growing construction industry, expanding adoption of IP cameras, accelerating implementation of stringent fire protection-related regulations, and rising adoption of IoT-based security systems powered by cloud computing platforms.

Growing government and stakeholder funding for developing smart cities and employing city surveillance solutions, rising adoption of ACaaS and VSaaS, and increasing periodic revision of fire protection-related regulatory compliances provide new opportunities for the growth of the commercial security system market.

Video surveillance to lead the commercial security system market during the forecast period

The increased adoption of IP cameras made video surveillance cost effective as installation expenses are minimized. Moreover, high-definition IP cameras bring significantly improved capabilities. Thus, better functionalities ranging from basic to advanced analytics, improved performance, and increased features - all available at a reduced cost - have led to a growth in the video surveillance market.

Video surveillance software offering is expected to be the fastest-growing market for commercial security software market during the forecast period

Video surveillance software will be the fastest-growing commercial security software market globally. The primary reason driving the growth of this market is the adoption of artificial intelligence (AI) technology in video surveillance systems. The ability of AI to analyze images and audio from the live streams of video surveillance and recordings, coupled with its ability to use image recognition algorithms to recognize faces, objects, and events, among others, is driving the video surveillance software market globally.

APAC to be the fastest growing commercial security system market during the forecast period

Security systems are expected to witness increasing adoption in APAC as the countries in the region are emerging economies with a growing number of manufacturing bases; there is also a constant risk of terror threats in the region. The market in APAC has a high growth potential owing to increased security concerns, especially in India and China; the governments in the 2 countries have started investing heavily in security.

Furthermore, emerging economies are working toward improving their infrastructure, which is expected to contribute to the growth of the access control system and solution market. The rising adoption of access control systems in small- and medium-sized enterprises, hospitality businesses, airports, ATMs, banks, and religious places is expected to drive the access control market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Commercial Security System Market
4.2 Commercial Security Hardware Market, by Offering
4.3 Commercial Security Software Market, by Offering
4.4 Commercial Security Service Market, by Offering
4.5 Commercial Security System Market, by Vertical
4.6 Commercial Security System Market, by Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Number of Terrorist Attacks and Organized Crimes Across the World
5.2.1.2 Growing Construction Industry
5.2.1.3 Expanding Adoption of IP Cameras
5.2.1.4 Accelerating Implementation of Stringent Fire Protection-Related Regulations
5.2.1.5 Rising Adoption of IoT-based Security Systems Powered by Cloud Computing Platforms
5.2.2 Restraints
5.2.2.1 High Installation, Maintenance, and Ownership Costs of Commercial Security Systems
5.2.2.2 Major Security and Privacy Concerns
5.2.3 Opportunities
5.2.3.1 Growing Government and Stakeholder Funding for Developing Smart Cities and Employing City Surveillance Solutions
5.2.3.2 Rising Adoption of ACaaS and VSaaS
5.2.3.3 Increasing Periodic Revision of Fire Protection-Related Regulatory Compliances
5.2.4 Challenges
5.2.4.1 Cybersecurity-Related Threats
5.2.4.2 Integration of User Interfaces with Fire Protection System

6 Industry Trends
6.1 Value Chain Analysis
6.2 Commercial Security System Ecosystem/Market Mapping
6.3 Commercial Security System Regulations
6.3.1 Fire Protection and Safety Regulations
6.3.2 Video Surveillance Privacy and Wiretapping Regulations
6.3.3 Government Regulations Related to Fair and Transparent Use of Biometric System-Powered Access Control
6.4 Key Use Cases
6.4.1 Fire Protection System
6.4.1.1 Fire Protection Systems Played Major Role in Fighting Australian Wildfires
6.4.2 Video Surveillance
6.4.2.1 Mandatory Installation of CCTV Cameras in Sharjah
6.4.3 Access Control System
6.4.3.1 Eurostar Has Enabled Biometric-Enabled Boarding for UK Passengers
6.4.4 Entrance Control System
6.4.4.1 Multi-Biometric Powered Entrance Control System in UAE Enables Seamless Border Crossing
6.5 Patent Analysis
6.6 Porter's Five Forces Model
6.7 Average Selling Price
6.7.1 Pricing Trend for Commercial Security System Market
6.8 Technology Analysis
6.8.1 IoT-powered Fire Protection System
6.8.2 Cloud-Based Fire Protection System
6.8.3 Video Image Smoke and Flame Detection System
6.8.4 Emergence of Contactless Biometrics
6.8.5 Use of Thermal Cameras in Access Control
6.8.6 3D Face Recognition
6.8.7 Intelligent and Context-Aware Video Data Collection
6.8.8 Mobile Access Control System
6.9 Trade and Tariff Analysis
6.9.1 Trade Analysis for Video Surveillance
6.9.2 Trade Analysis for Fire Protection System
6.9.3 Tariff Analysis for Video Surveillance and Fire Protection Systems

7 Commercial Security System Market, by Hardware
7.1 Introduction
7.2 Fire Protection System
7.2.1 Increased Spending on Protecting Assets from Fire Hazards, Along with Robust Growth in Infrastructure Development, to Boost Growth
7.2.2 Fire Detection
7.2.2.1 Flame Detectors
7.2.2.2 Smoke Detectors
7.2.2.3 Heat Detectors
7.2.3 Fire Suppression
7.2.3.1 Fire Detectors and Control Panels
7.2.3.2 Fire Sprinklers, Nozzles, Caps, and Control Heads
7.2.3.3 Fire Suppressor Reagent
7.2.3.3.1 Chemical
7.2.3.3.2 Gaseous
7.2.3.3.3 Water
7.2.3.3.4 Foam
7.2.4 Fire Sprinkler System
7.2.4.1 Wet
7.2.4.2 Dry
7.2.4.3 Pre-Action
7.2.4.4 Deluge
7.2.4.5 Other Fire Sprinkler Systems
7.2.5 Fire Response
7.2.5.1 Emergency Lighting Systems
7.2.5.2 Voice Evacuation and Public Alert Systems
7.2.5.3 Secure Communication Systems
7.2.5.4 Fire Alarm Devices
7.3 Video Surveillance
7.4 Access Control System
7.5 Entrance Control Systems

8 Commercial Security System Market, by Software
8.1 Introduction
8.2 Fire Analysis
8.2.1 Fire Analysis Uses Fire Mapping and Analysis Software and Fire Modeling and Simulation Software
8.2.2 Fire Mapping and Analysis Software
8.2.3 Fire Modeling and Simulation Software
8.3 Video Surveillance Software
8.3.1 Rising Trends of Deep Learning and Ai to Drive Market Growth
8.3.2 Video Analytics
8.3.3 Video Management Software
8.3.4 Software by Deployment Mode
8.3.4.1 On-Premises
8.3.4.2 Cloud
8.4 Access Control Software
8.4.1 Companies Offering Software with Open Architecture to Combine Security Equipment and Software into Single Platform
8.4.2 Visitor Management System
8.4.3 Others

9 Commercial Security System Market, by Service
9.1 Introduction
9.2 Security Systems Integration Services
9.2.1 Security System Integration Services to Occupy Largest Share During Forecast Period
9.3 Remote Monitoring Services
9.3.1 North America to Account for Largest Market in Remote Monitoring Services Market
9.4 Fire Protection Services
9.4.1 Fire Protection Services to Witness Highest Growth in Europe
9.4.2 Maintenance Services
9.4.3 Managed Services
9.4.4 Engineering Services
9.4.5 Installation and Design Services
9.4.6 Other Services
9.5 Video Surveillance Services
9.5.1 Installation and Maintenance Services to Account for Largest Market in Video Surveillance Service Market
9.5.2 VSaaS
9.5.2.1 Hosted
9.5.2.1.1 Rising Adoption of Cloud Services Drives Growth of Hosted VSaaS Market
9.5.2.2 Managed
9.5.2.2.1 Reduced Operational Costs Provide Opportunities for Managed VSaaS
9.5.2.3 Hybrid
9.5.2.3.1 Ensure More Data Security, Remote Access, Flexibility, and Scalability
9.5.3 Installation and Maintenance Services
9.5.3.1 Growing Video Surveillance Market Drives Growth of Service Market
9.6 Access Control Services
9.6.1 Growing Implementation of Security Solutions to Boost Demand for Installation and Integration Services
9.6.2 Installation and Integration
9.6.3 Support and Maintenance
9.6.4 Access Control as a Service
9.6.4.1 Hosted ACaaS
9.6.4.2 Managed ACaaS
9.6.4.3 Hybrid ACaaS

10 Commercial Security System Market, by Vertical
10.1 Introduction
10.2 Commercial
10.2.1 Use of Security Systems Minimizes Risk of Any Security Breach in Any Space
10.3 Government
10.3.1 Demand from Governments of Various Countries to Restrict Unauthorized Entry and Safeguarding Its Assets
10.4 Transportation
10.4.1 Rise in Crimes and Vandalism-Related Threats Increases Need for Surveillance
10.5 Retail
10.5.1 Investing in Video Surveillance Cameras for Security Needs Provides Numerous Long-Term Benefits
10.6 Banking and Finance
10.6.1 Government Policies and Regulations to Drive Market Growth
10.7 Education
10.7.1 Fire Protection Systems Witnessing Rising Adoption in Educational and Academic Buildings
10.8 Industrial
10.8.1 Increase in Terror Threats and Incidents of Theft of Raw Materials Driving Need for Video Surveillance Systems
10.9 Energy and Utility
10.9.1 Real-Time Video Surveillance of Power Substations Provides Automatic Monitoring and Control Capabilities
10.10 Sports and Leisure
10.10.1 Video Surveillance - Invaluable Tool in Enhancing Safety of People and Facilities
10.11 Healthcare
10.11.1 Healthcare Increasingly Adopting Biometrics for Patient Identification, Patient Security, and Staff Attendance Tracking
10.12 Military & Defense
10.12.1 Access Control Widely Used in Military & Defense Vertical

11 Geographic Analysis
11.1 Introduction
11.2 North America
11.3 Europe
11.4 APAC
11.5 RoW

12 Competitive Landscape
12.1 Overview
12.2 Market Share Analysis: Commercial Security System Market
12.3 Revenue Analysis of Top 5 Players in Commercial Security System Market
12.4 Company Evaluation Matrix
12.4.1 Stars
12.4.2 Emerging Leaders
12.4.3 Pervasive
12.4.4 Participants
12.5 Startup/SME Evaluation Matrix, 2020
12.5.1 Progressive Companies
12.5.2 Responsive Companies
12.5.3 Dynamic Companies
12.5.4 Starting Blocks

13 Company Profiles
13.1 Key Players
13.1.1 Johnson Controls
13.1.2 Hikvision
13.1.3 Carrier
13.1.4 Honeywell International
13.1.5 Dahua Technology
13.1.6 Dormakaba Holding
13.1.7 Bosch Security Systems
13.1.8 ADT
13.1.9 Axis Communications
13.1.10 Secom
13.1.11 Assa Abloy
13.2 Right to Win
13.3 Other Players
13.3.1 Siemens
13.3.2 Halma
13.3.3 Hochiki Corporation
13.3.4 Flir Systems, Inc.
13.3.5 Allegion plc
13.3.6 Nortek Security and Control
13.3.7 Alarm.com
13.3.8 Avigilon
13.3.9 Dallmeier Electronic GmbH & Co. KG
13.3.10 Stanley Convergent Security Solutions, Inc.
13.3.11 Gunnebo AB
13.3.12 Control4 Corporation
13.3.13 Minimax Viking

14 Appendix
14.1 Insights from Industry Experts
14.2 Discussion Guide - Commercial Security System Market
14.3 Knowledge Store: The Subscription Portal
14.4 Available Customizations

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