Security Product Integration Services Market: Introduction
The growing demand for enhanced security products/systems/solutions, across various industry verticals, has led to the increasing adoption of security product integration services. With continuous progression in technologies, introduction of advanced security products is also witnessed.
As a whole, these security systems comprise three major components, i.e., hardware, software, and services. Thus, to offer an integrated solution via the product, an integration of these components is required. With an intention of offering a complete solution and cater the aforementioned demand for an integrated solution, security product integration services are offered by various service providers.
Security product integration services offer an enhanced and effective security service to a premise. Security product integration services assist the standalone security products in operating effectively and in enhancing the efficacy of premises’ security architectures by offering a centralized interconnection architecture. In addition to this, security product integration services enable the security products to distribute and receive data from other products.
The security product integration services market has witnessed a considerable traction in the past four years. However, the market for security product integration services is expected to exhibit significant growth during the forecast period.
Security Product Integration Services Market: Dynamics
The primary application of a security systems is to provide accessibility to an authorized individual into a premise. With the increasing crime rate, such as thefts, unauthorized trespassing, etc. across various regions, the demand for advanced security products has increased across the globe. This, as a result, acts as one of the major driving factors for the global security product integration services market. In addition to this, increasing demand from BFSI, construction and healthcare industries for an enhanced security system is also impacting the growth of the security product integration services market in a positive way. Additionally, advantages associated with the adoption of security product integration services, such as interoperability and connectivity enabled between multiple products such as HVAC, fire alarm, lighting, security, and visitor management systems is also assisting the adoption of security product integration services. These factors, collectively, are expected to drive the growth of the global security product integration services market.
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However, issues such as additional costs associated with the adoption of security product integration services is a major factor hampering their adoption. In addition to this, lack of adoption of security systems in regions having low infrastructural development also acts as a challenging factor for the growth of the global security product integration services market.
One of the recent trend witnessed in the security product integration services is the development of IT departments, owing to the increasing penetration of IoT, for specializing in coding, programming and other skills required for integration and communication through the web.
Security Product Integration Services Market: Segmentation
The global security product integration services market can be segmented on the basis of industry verticals and end users.
On the basis of industry verticals, the security product integration services market is segmented as:
Government
Transportation and Logistics
Hospitality
BFSI
Industrial
Consumer Electronics
Others
On the basis of end users, the security product integration services market is segmented as:
Commercial
Industrial
Of the above mentioned industry verticals, major adoption of security product integration services is expected in the commercial segment owing to the maximum adoption of security systems and demand for security across the same segment (i.e., across various industries such as BFSI, hospitality, consumer electronics, offices and enterprises, etc.)
Security Product Integration Services Market: Key Players
Examples of some of the key players operating in the security product integration services market are Johnson Controls Inc., Convergint Technologies, ADT, Vector Security Inc., Securitas Electronic Security, Incorporated, Red Hawk Fire & Security, VTI Security, and G4S plc, among others.
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Security Product Integration Services Market: Regional Overview
By geography, the security product integration services market can be segmented across North America, Latin America, Western Europe, Eastern Europe, China, Japan, SEA and others in Asia Pacific, and Middle East & Africa. Among these regions, North America is expected to dominate the global security product integration services market during the forecast period, owing to high demand for security product integration services across various industries in the region. Asia Pacific (including Japan and China) and Europe are expected to follow North America, in terms of value. China is expected to exhibit high growth rate in the global security product integration services market, during the forecast period owing to increasing adoption of security systems across various offices and industries. Besides this, Latin America is also expected to witness a considerable growth in the global security product integration services market during the forecast period, due to the increasing crime rate in the region. MEA is expected to exhibit a considerable growth rate in the global security product integration service market over the forecast period.
The report covers exhaustive analysis on:
Global Security Product Integration Services market segments
Global Security Product Integration Services market dynamics
Historical actual market size, 2012 - 2016
Global Security Product Integration Services market size & forecast 2017 to 2027
Supply & demand value chain for Security Product Integration Services market
Global Security Product Integration Services market current trends/issues/challenges
Competition & companies involved in Security Product Integration Services market
Security Product Integration Services technology
Value Chain of Security Product Integration Services
Global Security Product Integration Services market drivers and restraints
Regional analysis for global Security Product Integration Services market includes
North America Security Product Integration Services market
U.S.
Canada
Latin America Security Product Integration Services market
Mexico
Brazil
Rest of Latin America
Western Europe Security Product Integration Services market
Germany
France
U.K.
Spain
Italy
Nordic
Benelux
Rest of Western Europe
Eastern Europe Security Product Integration Services market
Poland
Russia
Rest of Eastern Europe
SEA and other Asia Pacific countries Security Product Integration Services market
India
Indonesia
Oceania
Singapore
Philippines
Malaysia
Thailand
Rest of SEA and other Asia Pacific countries
Japan Security Product Integration Services market
China Security Product Integration Services market
Middle East and Africa Security Product Integration Services market
GCC Countries
Turkey
North Africa
South Africa
Rest of MEA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
Detailed overview of parent market
Changing market dynamics of the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Must-have information for market players to sustain and enhance their market footprint
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