Report: Global Electronic Security Systems Market to Be Worth $82B by 2022
In 2015, the global market for video surveillance outpaced both the access control and intrusion alarm systems.
DUBLIN, Ireland – The global electronic security systems market is estimated to be valued at $82 billion by 2022, according to a forecast by Research and Markets, based here.
The global electronic security systems market is segmented on the basis of system type, including video surveillance, intrusion alarms and access control systems. Security cameras are anticipated to dominate the market, having the largest share of 55% in 2015.
In 2015, the global market for video surveillance outpaced both the access control and intrusion alarm systems. In 2014, there were approximately 245 million professionally installed video surveillance cameras in operation around the world, according to the report.
The report segmented electronic security systems market on the basis of product type; end-user; technology; type of services; and regions. The report is based on various parameters such as adoption rate and demand of electronic security systems in various non-residential end-users; number of video surveillance systems installed by region; and price of devices across regions.
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