Selbyville, Delaware, March 02, 2022 (GLOBE NEWSWIRE) --
The security control room market size is anticipated to record a valuation of USD 7 billion by 2028, according to the most recent study by Global Market Insights Inc. The market growth can be credited to the growing adoption of automation technologies in the mining sector to ensure worker safety. It helps security professionals in designing, scheduling, and optimizing mining safety systems. The mining industry's major participants are working on a collaborative approach to create a safer work environment in their mines.
The services segment is expected to witness 9% growth rate through 2028 led by the several high-end features such as low-cost infrastructure design, easy installation, on-call support, and effective maintenance. Some of the major services offered by these companies include message handling services, live monitoring of assignments, CCTV monitoring, vehicle tracking, and incident or event reporting. Several companies in the market are focusing on strategic partnerships to procure outsourced control room services.
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The corporate safety segment in the security control room market is projected to grow at a CAGR of around 6.5% till 2028 driven by the increasing acceptance of corporate safety practices to maintain employee & workplace safety and intruder protection and avoid any malpractices occurring in corporate offices. Increasing cyber security attacks in IT enterprises have led companies to take preventive measures such as increasing firewall systems and installing control rooms.
The security control room market for transportation segment is estimated to attain a CAGR of 9% by 2028 on account of the growing adoption of traffic management solutions to ensure pedestrian safety on roads. Several regional government agencies are taking safety initiatives to control issues related to transportation in the region.
Europe security control room market is poised to expand at more than 6.5% CAGR during 2022 to 2028 owing to the rising government initiatives to promote security & safety in public places through continuous surveillance. For instance, in July 2021, the European Union launched a biometric mass surveillance program in the region. The EU is aiming to encourage local authorities to install CCTV cameras in public places such as railway stations, parks, and bus stands. This will allow security professionals to monitor incidents & criminal activities while ensuring public safety.
Some of the major players operating in the market are ABB, Samsung Electronics, Motorola Solutions, Delta Electronics, and Barco. The companies are focusing on new product development & launches to gain a competitive edge in the market.
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Some of the major findings of the security control room market report include:
- Rising acceptance of automation technologies in the manufacturing sector is propelling the market expansion. Several manufacturers are monitoring & controlling factory operations through security control rooms to improve production efficiency.
- Ongoing technological advancements in display solutions, such as 4K & 8K LED video walls and UHD technology, are impelling the industry growth. These displays are integrated into several control room environments, such as traffic control centers, emergency operation centers, and other industrial control rooms, to efficiently analyze big video data.
- The COVID-19 pandemic impacted the security control room market progression in FY 2021. Due to trade restrictions, several security control room component suppliers have faced downtime in supply chains. Moreover, end-use companies must reconsider control room design infrastructure to ensure the safety of security professionals.
- North America is predicted to observe the highest growth during the forecast period. This can be attributed to rising investments & initiatives taken by governments to support telecom infrastructure development. Increasing smartphone usage in APAC has also prompted companies to develop smart apps, which augmented the rise of mobile security control rooms and boosted the market demand.
Chapter 3 Security Control Room Market Insights
3.1 Industry segmentation
3.2 Impact analysis of corona virus (COVID-19) pandemic on market
3.2.1 Global outlook
3.2.2 Impact by region
3.2.3 Industry value chain
3.2.3.1 Research and development
3.2.3.2 Manufacturing
3.2.3.3 Marketing
3.2.3.4 Supply
3.2.4 Competitive landscape
3.2.4.1 Strategy
3.2.4.2 Distribution network
3.2.4.3 Business growth
3.3 Industry ecosystem analysis
3.3.1 Component supplier
3.3.2 Software/service providers
3.3.3 Manufacturers
3.3.4 Profit margin analysis
3.3.5 System integrators
3.3.6 Distribution channels
3.3.7 End-use landscape
3.3.8 Vendor matrix
3.4 Technology & innovation landscape
3.4.1 Industrial IoT
3.4.2 Digital Light Processing (DLP) display technology
3.4.3 AV-over-IP (Audio-Visual over Internet Protocol)
3.5 Comparison between LCD, DLP and LED projectors
3.6 Software used in the security control room industry
3.6.1 Computer-Aided Dispatch (CAD) software
3.6.2 CCTV integration software
3.6.3 Remote monitoring software
3.7 Regulatory landscape
3.8 Price trend analysis
3.9 Industry impact forces
3.9.1 Growth drivers
3.9.2 Industry pitfalls and challenges
3.10 Growth potential analysis
3.11 Porter’s analysis
3.12 PESTEL analysis
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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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