Dublin, April 17, 2023 (GLOBE NEWSWIRE) -- The "Electronic Security Systems (ESS): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Electronic Security Systems (ESS) Market to Reach $85.9 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Electronic Security Systems (ESS) estimated at US$43 Billion in the year 2022, is projected to reach a revised size of US$85.9 Billion by 2030, growing at a CAGR of 9% over the analysis period 2022-2030. CCTV & Video Surveillance Systems, one of the segments analyzed in the report, is projected to record a 9.6% CAGR and reach US$37.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Alarms segment is readjusted to a revised 8.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $11.1 Billion, While China is Forecast to Grow at 10.6% CAGR
The Electronic Security Systems (ESS) market in the U.S. is estimated at US$11.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$13.9 Billion by the year 2030 trailing a CAGR of 10.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.5% and 7.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$11.6 Billion by the year 2030.
Select Competitors (Total 634 Featured) -
- ADT LLC
- Allegion plc
- ISONAS
- ASSA ABLOY AB
- HID Global
- Axis Communications AB
- BIO-key, International, Inc.
- Bosch Security Systems
- Brinks Home Security
- Chamberlain Group, Inc.
- CP PLUS GmbH & Co. KG
- Dahua Technology Co., Ltd.
- DoorKing, Inc.
- dormakaba Holding AG
- Fermax Electronica S.A.U.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 1624 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $43 Billion |
| Forecasted Market Value (USD) by 2030 | $85.9 Billion |
| Compound Annual Growth Rate | 9.0% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Electronic Security Systems (ESS) - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Fighting Back Against Security Threats is an Ever-Present Need
- Terrorism Can be Bad for the Economy: Global Economic Impact of Terrorism (In US$ Billion) for Years 2009, 2014, 2016, 2019 and 2021
- Despite the Declining Impact of Terrorism on the Global Economy, Several Countries are Witnessing the Dawn of a New Era of Conflict and Violence: Number of Terrorism Deaths by Country for the Year 2020
- Transportation Emerges as One of the Most Vulnerable Sectors for Incursions
- Security Threats & Safety Concerns Spiral at Residential Places
- Ever-Present Threat of Burglary & Home Break-Ins Drives Demand for Home Security Systems: Number of Burglaries Per 100,000 People by Country for the Year 2021
- The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed in 2021?
- These are Times When Questions Abound & Answers Are Few
- So How Fast Or Slow Are We Moving?
- How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: Global Percentage (%) of Population Administered With Vaccines in Advanced Economies, Emerging Markets, and Low-Income Countries As of July 2021
- How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
- Split Scenarios Unfold: The Great Vaccine Divide Emerges
- Time is of Essence! What We Know So Far - "Vaccine Efficiency Against New Strains is Decreasing"
- Progress on Vaccinations, Why Should Businesses Care?
- With IMF's Upward Revision of Global GDP Forecasts for 2021, Most Companies Are Bullish About an Economic Comeback Despite a Continuing Pandemic
- A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants, Comes as a Relief for Suffering Industries & Markets: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2017, 2019, 2020, and 2022
- How the Construction Industry, a Key Influencer of Opportunities in the Electronic Security Systems Market, Was Impacted by the Pandemic & What's the New Normal?
- Global Construction Spending (In US$ Trillion) for the Years 2019, 2020, & 2021
- Electronic Security Systems (ESS): Definition, Importance & Benefits
- Here's What to Expect in the ESS Market in the Short-to-Medium Term
- Recent Market Activity
- Innovations
- World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Smart City & Smart Home Security and Surveillance Emerge to Provide New Opportunities for Growth
- Rise of Smart Homes & Home Automation to Offer Growth Opportunities on a Platter
- Smart Homes Emerge as a Disruptive Trend Enhancing Lives of Homeowners & Also Creating New Market Opportunities for Smart Security Technologies & Solutions
- Security and Surveillance in Smart Homes: A Review
- Automation & Home Security: A Special Focus
- Increased Focus on Border Control & Security Opens New Growth Opportunities for Perimeter Intrusion Detection Systems
- Criminalization of Migration Drives Growth of PID in the Perimeter Security Market
- Crackdown on Illegal Immigration Pushes Up the Demand Momentum for PID Systems in Border Security: Illegal Immigrants in the United States (In Million)
- Smart Locks & Video Doorbells Grow in Popularity
- Smart Locks Emerge as the Leading Growth Category in the Access Control Systems Segment
- Technology Innovations in the Smart Locks Space: A Review
- Video Doorbells Grow in Demand Among Smart Home Owners
- Critical Infrastructure Protection, a Major Application Area for ESS
- Strong Demand for Networked IP Surveillance Cameras Emerge as a Key Trend in the Market
- Growing Popularity Wireless Electronic Security Systems to Boost Market Prospects
- Biometrics Based ESS Goes Mainstream
- Fingerprint Access Control: A Review
- Frictionless Face and Iris Recognition Technologies to Take Over Fingerprint Biometrics
- AI to Revolutionize Electronic Security. Here's How
- Drones Security & Surveillance Rises in Prominence
- Integration of Security Systems with Mobile Technology
- Blockchain Based Management of Video Surveillance Rises in Prominence
- IoT Reshapes the Future of Video Surveillance
- Cyber Security Issues in IP Video Surveillance Storms Into the Spotlight
- Big Data & Edge Analytics for Video Surveillance to Revolutionize Performance
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/a67ljl
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