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Factors such as growing expenditure on the security of critical infrastructures, rising adoption of cloud–based data storages and data analytics employed by the organizations are fueling the market. In addition, increasing threat of cyber security, as well as terrorism, has influenced organizations to advance the safety values, thus promoting industry growth. However, lack of correlation among security solutions and privacy concerns against the installation of surveillance cameras are hindering the market growth.Request for sample here:
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Amongst Type, rising use of security strategies in organizations of all sizes makes system integration service to lead the market. Based on Components, hardware segment dominates the market owing to rising government spending in developing countries such as India, China, and Brazil to monitor security at airports, railway stations and on streets. North America is anticipated to lead market due to increasing illegal actions, need for security against terrorist activities and unlawful immigration in the region. Furthermore, strict government rules for safety & security and technological improvements in physical security solutions such as video surveillance are also fostering the growth of the market in North America.
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Some of the key players in the market include ADT Corporation, Anixter International Inc., Axis Communications AB, Bosch Security Systems, Inc., Cisco Systems, Inc., Computer Sciences Corporation (CSC), EMC Corporation, Genetec Inc., Hewlett-Packard, Honeywell International, Inc., IBM Corporation, McAfee Inc, Morpho SA, Pelco Inc., Schneider Electric, Siemens AG and Tyco International PLC,
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