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Commercial Security System Market worth $342 6 billion by 2026 - Exclusive Report by MarketsandMarkets™

Commercial Security System Market worth $342 6 billion by 2026 - Exclusive Report by MarketsandMarkets

Commercial Security System Market worth $342.6 billion by 2026 - Exclusive Report by MarketsandMarkets Commercial Security System Market with COVID-19 Impact Analysis by Hardware (Fire Protection, Video Surveillance, Access Control), Service (System Integration, Remote Monitoring), Software, Vertical, and Geography - Global Forecast to 2026 , published by MarketsandMarkets, the market size is projected to grow USD 223.9 billion in 2021 to USD 342.6 billion by 2026; it is estimated to grow at a CAGR of 8.9% during the forecast period. Rising number of terrorist attacks and organized crimes across the world, growing construction industry, expanding adoption of IP cameras, accelerating implementation of stringent fire protection-related regulations, and rising adoption of IoT-based security systems powered by cloud computing platforms are the major factor propelling the growth of the commercial security system market.

Perimeter Security Market to Witness Huge Growth by Key Players: Honeywell, Dahua Technology, Bosch Security Systems, Pelco and more – KSU

The systems segment of the perimeter security market is broadly categorized into perimeter intrusion and detection systems, video surveillance system, access control, alarm and notification systems, and other systems. It involves the use of a wide variety of systems to enhance security measures. Today’s demanding business environments require proficient handling of business processes by implementing tested solutions across organizations. Time consuming processes, lack of resources, and overhead costs involved in managing in-house services have forced organizations to outsource certain processes. Asia Pacific (APAC) has witnessed an advanced and dynamic adoption of new technologies and is expected to record the highest CAGR in the global perimeter security market during the forecast period. APAC constitutes major economies, such as China, Japan, Singapore, and Australia and New Zealand, which are expected to register high growth rates in the perimeter security market.

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