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Industrial Security Systems Market is categorized into video surveillance systems, access control systems, and intrusion detection systems
GerryWood   10/21/2015 5:44:29 AM
According to a new market research report, the industrial security systems market is expected to grow rapidly in Europe and the Middle Eastern regions. This report segments the industrial security systems market on the basis of systems, end users, service, components, and geography. In this report, the industrial security systems market is segmented into various systems consisting of video surveillance systems, access control systems, and intrusion detection systems.

The industrial security systems market is projected to be around $25 billion in 2014 and is expected to reach $38 billion by 2020, growing at a CAGR of 8.69%.

The industrial security systems market is estimated to be around $35 billion in 2014 and is expected to grow at a CAGR of around 8% to 10%. On the basis of products, the video surveillance systems market is categorized into analog cameras, IP cameras, CCTV cameras, DVR, NVR, video encoders, and surveillance software; the access control systems market is classified into smart cards & readers, RFID tags, biometrics systems, Automatic Number Plate Recognition (ANPR) systems, vehicle tracking systems, automatic boom barriers, turnstiles, automatic swing gates, under vehicle inspection systems and electronic locks; the intrusion detection system consists of control panels, detectors, keypads, and accessories.

In this report, the drivers and restraints for this markets is analyzed, including their impact analysis throughout the study period. It provides the detailed global market share analysis as well as porter's five forces analysis for the industrial security systems market.

The growth prospect of this market will be constant in the North American and Asia-Pacific regions with no significant changes in the market share. However, the growth prospect for this particular market will be higher in the European, and the Middle Eastern region due to an increasing rate of industrialization in these regions.

The increase in demand for security systems due to rising threats from insurgent activities globally will remain as the key drivers of this market. While, the lack of awareness about highly integrated security systems among the end users pose as the major restraint for this market.

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Honeywell International, Inc. (U.S.), Bosch Group (Germany), Cisco Systems, Inc. (U.S.), L-3 Communications Holdings (U.S.), Securitas AB (Sweden), and Johnson Controls, Inc. (U.S.) are the key players of the industrial security systems market.

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