Commercial Security System Market - By System Type (Access Control System, Entrance Control System, Fire Protection System, Video Surveillance System), By Component (Hardware, Software, Services), By Verticals & Forecast, 2023

Description

List of Tables

Commercial security system market size is projected to expand at over 7% CAGR from 2023 to 2032, driven by the rising concerns about security threats and the growing need for effective surveillance solutions across commercial spaces. The growing technological advancements, such as AI and IoT integration is making way for enhanced capabilities of security systems.

Additionally, the growing influx of regulatory requirements and compliance standards is contributing to the higher demand for comprehensive security solutions.. The rising prioritization of the safety of assets and personnel by businesses is also fueling the need for new security systems to tackle the security challenges. For instance, in March 2023, Johnson Controls launched the IQ pro hybrid security panel, designed for intrusion protection in commercial skyscrapers, residential facilities, campuses, and K-12 markets.

The increasing awareness of the benefits of video surveillance, access control, and intrusion detection systems will further drive the market expansion.

The commercial security system industry is segregated into system type, component, vertical, and region.

In terms of system type, the industry value from the fire protection system segment is projected to increase at over 8% CAGR from 2023 to 2032, due to the heightened emphasis on fire safety and regulatory compliance. The increasing awareness of the need for advanced fire detection and suppression technologies in commercial spaces will drive the product uptake.

The banking and finance vertical is estimated to account for sizeable business share of the commercial security system market by 2032, due to the critical need for robust security measures and the rising threat of cybercrimes. The influx of stringent regulatory requirements, and the pressing need for advanced surveillance and access control solutions will also foster the increased adoption of commercial security systems within the banking and finance sector.

Regionally, the Asia Pacific commercial security system industry size is expected to witness over 7.5% CAGR through 2032, accrued to the increasing urbanization, the rising awareness of security concerns, and surging technological advancements. The robust expansion of commercial infrastructure, growing investments in smart city projects, and the rise in demand for advanced surveillance solutions across the region will also boost the market growth.

Product Code: 6952

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Commercial security system market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total addressable market (TAM), 2023-2032
2.3 Regional trends
2.4 System type trends
2.5 Component trends
2.6 Verticals trends

Chapter 3 Commercial Security System Market Industry Insights

3.1 Impact on COVID-19
3.2 Russia- Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Component & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Rising incidents of theft, vandalism, and property crimes drive
  - 3.10.1.2 Growing adoption of advanced technologies
  - 3.10.1.3 Increasing popularity of cloud computing
  - 3.10.1.4 Growing awareness of security risks
  - 3.10.1.5 Increased cyber threats
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 Complexity and Integration
  - 3.10.2.2 Cybersecurity Vulnerabilities
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Honeywell International Inc.
- 4.3.2 Johnson Controls International
- 4.3.3 Bosch Sicherheitssysteme GmbH (Robert Bosch GmbH)
- 4.3.4 Axis Communication AB
- 4.3.5 Securitas Technology
- 4.3.6 Siemens
- 4.3.7 UTC Fire & Security
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Commercial Security System Market Estimates & Forecast, By System type (USD Million)

5.1 Key trends, by system type
5.2 Access Control System
5.3 Entrance Control System
5.4 Fire Protection System
5.5 Video Surveillance System

Chapter 6 Commercial Security System Market Estimates & Forecast, By Component (USD Million)

6.1 Key trends, by component
6.2 Hardware
- 6.2.1 Cameras
  - 6.2.1.1 Bullet cameras
  - 6.2.1.2 Dome cameras
  - 6.2.1.3 Fisheye cameras
  - 6.2.1.4 Thermal cameras
  - 6.2.1.5 PTZ cameras
- 6.2.2 Sensors
- 6.2.3 Monitors
- 6.2.4 Alarm Systems
- 6.2.5 Keypad
- 6.2.6 Intercom Systems
6.3 Software
- 6.3.1 Web-based
- 6.3.2 App-based
6.4 Services
- 6.4.1 Security System Integration
- 6.4.2 Remote Monitoring
- 6.4.3 Video Surveillance
- 6.4.4 Inspection and Maintenance
- 6.4.5 Customer Support

Chapter 7 Commercial Security System Market Estimates & Forecast, By Verticals (USD Million)

7.1 Key trends, by verticals
7.2 Banking and Finance
7.3 Education
7.4 Energy and Utility
7.5 Government
7.6 Healthcare
7.7 Military & Defence
7.8 Retail
7.9 Transportation
7.10 Others

Chapter 8 Commercial Security System Market Estimates & Forecast, By Region (USD Million)

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
8.6 MEA
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 South Africa
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles (Business Overview, Financial Overview, Product Landscape, Strategic Outlook, SWOT Analysis)

9.1 Allegion plc
9.2 Axis Communication AB
9.3 Carrier Global Corporation
9.4 Control4
9.5 dormakaba Group
9.6 Gunnebo AB
9.7 Hangzhou Hikvision Digital Technology Co., Ltd.
9.8 Hochiki Corporation
9.9 Honeywell International Inc.
9.10 Johnson Controls International
9.11 Motorola Solutions, Inc.
9.12 Nortek Control
9.13 Robert Bosch GmbH
9.14 Securitas Technology
9.15 Siemens
9.16 Teledyne FLIR LLC
9.17 Tyco International Ltd
9.18 UTC Fire & Security
9.19 Viking Group Inc.
9.20 Vivint Inc.