Global Industrial Security Systems Market to Reach $49.4 Billion by 2026

SAN FRANCISCO, June 29, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Industrial Security Systems - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
What's New for 2022?

• 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 our digital archives and MarketGlass Research Platform
• Complimentary updates for one year

Edition: 7; Released: January 2022
Executive Pool: 19272
Companies: 98 - Players covered include Alliance Systems Integrators, Inc.; Cisco Systems, Inc.; Honeywell International, Inc.; Johnson Controls International PLC; Johnson Controls, Inc.; L-3 Communications Holdings, Inc.; Schneider Electric SA; Securitas AB; Siemens AG; The Bosch Group and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Service Industry, Defense Industry, Manufacturing Industry, Educational Institutes); System (Video Surveillance Systems, Access Control Systems, Intrusion Detection Systems, Other Systems); Technology (Sensing, Imaging, Scanning)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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Global Industrial Security Systems Market to Reach $49.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Industrial Security Systems estimated at US$34.4 Billion, is projected to reach a revised size of US$49.4 Billion by 2026, growing at a CAGR of 6% over the analysis period. Video Surveillance Systems, one of the segments analyzed in the report, is projected to record a 6.5% CAGR and reach US$25.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Access Control Systems segment is readjusted to a revised 5.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $9.9 Billion in 2021, While China is Forecast to Reach $10.3 Billion by 2026
The Industrial Security Systems market in the U.S. is estimated at US$9.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.3 Billion by the year 2026 trailing a CAGR of 9.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

Intrusion Detection Systems Segment to Reach US$10 Billion by the year 2026
In the global Intrusion Detection Systems segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.4 Billion will reach a projected size of US$7.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.