Electronic Security Market: Key Trends and Opportunities 2027

Electronic Security Market: Key Trends and Opportunities 2027

The research report on electronic security market, in substance, presents an exclusive understanding of the vast expanse of the business space in question. The report comprises a gist of the industry by means of providing an executive summary, industry insights, industry ecosystem analysis, market segmentation, and global trends. Furthermore, the study also provides deliverables pertaining to the regulatory and competitive landscapes and the strategic perspectives of various industry contenders with respect to the market.

The global electronic security market will record appreciable growth over the forthcoming years, impelled by the rising adoption of anti-theft systems across the retail, automobile, and residential sectors.

The systems are increasingly deployed in retail stores on account of surging incidences of misplaced goods and thefts. The growing preference for these systems is mainly driven by the extensive industrialization and urbanization across various regions.

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The industry growth is propelled by a rise in the adoption of expansion strategies such as acquisitions, mergers, and product development initiatives for the consolidation of market share by major electronic security manufacturers.

For instance, In July 2021, intelligent protective services provider, Securitas, agreed to the acquisition of Turkey-based electronic security firm, Tepe Guvenlik A.S. The acquisition is in alignment with the group’s strategy of doubling the sales of its security and electronic security solutions by the year 2023.

The cellular segment is projected to register a considerable revenue over the analysis period, impelled by the rising penetration of the 4G LTE network across various regions. Cellular networks help in improving the overall efficiency of businesses and also help in tracking their valuable assets situated in remote locations.

It is considered a reliable and cost-effective solution for consumers for tracking their assets in an effective manner. These benefits are set to positively influence electronic security market outlook through the ensuing years.

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The Europe electronic security market is anticipated to capture over 15% of overall revenue share through 2027. The regional expansion is propelled by the rising number of development initiatives, smart cities, and urbanization.

Furthermore, the rising focus of the European government on the promotion of digital identity to all Europeans is likely to bolster business expansion in the region.

Major Key Points from Table of Content:

Chapter 6   Electronic security Market, By Deployment Model

6.1    Market share, by deployment model, 2020 & 2027

6.2    On-premise

6.2.1    Market estimates and forecast, 2016 - 2027

6.3    Cloud

6.3.1    Market estimates and forecast, 2016 - 2027

Chapter 7   Electronic security Market, By Connectivity

7.1    Market share, by connectivity, 2020 & 2027

7.2    Ethernet

7.2.1    Market estimates and forecast, 2016 - 2027

7.3    Wireless

7.3.1    Market estimates and forecast, 2016 – 2027

7.4    Cellular

7.4.1    Market estimates and forecast, 2016 - 2027

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