Tag: Marketsandmarkets
Managed security services market worth $49.6 billion by 2027, report says
November 15, 2022SSN Staff
CHICAGO – An exclusive report by MarketsandMarkets has predicted the growth of the managed security services market to an estimated $49.6 billion by 2027.
The research firm expects the growth from $27.7 billion in 2022 at a compound annual growth rate (CAGR) of 12.3 percent. Conjecture as to factors driving the market growth include an increased use of cloud-based technology and IoT devices in enterprises, as well as a growing demand for cost-effective security services to monitor security...
Global home security system market to near $75 billion by 2023
September 17, 2018Spencer Ives
PUNE, India—MarketsandMarkets, a research firm based here, recently published a study on the global home security system market. Analysts talk with Security Systems News about key technologies, growth predictions and potential market challenges.MarketsandMarkets valued the global home security systems market at $40.66 billion in 2017 and expects it to reach $74.75 billion by 2023, at a CAGR of 10.4 percent from 2018 to 2023.MarketsandMarkets segmented the market into four geographies: the Americas,...
Global public safety and security market growing
March 21, 2018Spencer Ives
PUNE, India—According to a MarketsandMarkets study, the market for public safety and security is growing globally, with the North American market comprising the biggest share.The global public safety and security market was valued at $247.55 billion in 2016, according to MarketsandMarkets, and the firm expects it to reach $532.39 billion by 2022, at a CAGR of 14 percent over that time. “North America is expected to grow from USD $102.79 billion in 2017 to a market size of USD $188.82...
Global perimeter security market to near $200 billion by 2022
October 18, 2017Spencer Ives
PUNE, India—The global perimeter security market will grow from $96.25 billion in 2016 to $196.60 billion by 2022, MarketsandMarkets predicts, and at a CAGR of 12.2 percent between 2017 and 2022.“The market size of the perimeter security market in North America in 2016 was $31.53 billion,” Niket Choudhary, research analyst—security practice at MarketsandMarkets, told Security Systems News in an email interview. “The region is expected to reach $58.10 billion by 2022,...
Growth predicted in the global physical security market
September 25, 2017Spencer Ives
PUNE, India—In a MarketsandMarkets report that covers the global physical security market from 2016 to 2021, the research firm predicts a 10.1 percent CAGR in the time period, bringing the global market's value from $69.63 billion in 2016 to $112.43 billion by 2021.MarketsandMarkets valued the North American market for physical security at $25.94 billion in 2016 and expects it to be worth $43.4 billion in 2021. The CAGR for the North American region will be 10.8 percent over the forecast period,...
Global VMS market to reach $10 billion in the next several years
July 19, 2017Spencer Ives
PUNE, India—The market for video management software will rise $3.71 billion in 2016 to $10.54 billion by 2021, according to a report from research firm MarketsandMarkets.MarketsandMarkets valued the North American market at $821.9 million in 2016 and projects that, with a roughly 20 percent CAGR, the region will reach up to about $2.3 billion by 2021.The North American market for VMS solutions has several unique aspects, Kaipa Shashank, MarketsandMarkets' research analyst, information and...
Global biometrics market to grow at nearly 17 percent CAGR
March 1, 2017Spencer Ives
PUNE, India—Research firm MarketsandMarkets expects the global biometrics market to reach almost $33 billion by 2022, with North America being a large portion of the market.“North America will continue to be the largest region for [the] biometric system market in 2022,” Sachin Garg, MarketsandMarkets' associate director - electronics & semiconductor, told Security Systems News in an email interview.“The regulatory-driven activities and initiatives taken by the governments...
Cyber-insanity
September 7, 2016Paul Ragusa
It has been about a month since I used this space to talk about the rising need for cybersecurity, a topic that is increasingly popping up in conversations within the physical security space.
Just this week, a report on the Cyber Security Market from global research firm MarketsandMarkets shows that the cybersecurity market is estimated to grow from $122.45 billion in 2016 to $202.36 billion by 2021, at a CAGR of 10.6 percent. North America is expected to hold the largest share of the cybersecurity...
Global home automation market to hit $78b by 2022
May 23, 2016Spencer Ives
DALLAS—The global home automation market is forecasted to more than double by 2022, according to a recent Marketsandmarkets report, in part due to the Internet of Things and home automation features that save money by reducing energy consumption.“The home automation system market is expected to reach $78.27 billion by 2022,” Rohit Waghadhare, team lead for Marketsandmarkets, told Security Systems News in an email interview. The global market size in 2016 is projected to be $38.7...
Video analytics market poised for growth
December 28, 2015Spencer Ives
DALLAS—The North American market is, and will remain, the largest segment of the global video analytics market from 2015 to 2020 as the market grows worldwide. Cloud integration is a key trend and, while business intelligence is a rising application, security and life safety remains the top application for video analytics.“We estimated that in 2020 the total video analytics market size, globally, would be $3.9 billion,” Marketsandmarkets research analyst Dheeraj Katkar told Security...