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Commercial Security System Market Trends

Report ID: GMI6952
Published Date: Oct 2023
Report Format: PDF

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Commercial Security System Market Trends

Commercial security system industry trends include the increasing adoption of AI and ML for advanced threat detection & analytics. Cloud-based security solutions are gaining prominence, offering scalability and remote management. The integration with IoT devices is growing, enabling smarter and more connected security systems. Cybersecurity continues to be a top concern, driving demand for more secure and cyber-resilient solutions. Facial recognition and biometric access control are on the rise for enhanced authentication.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size for commercial security system was USD 187.4 million in 2022 and is anticipated to record over 7% CAGR between 2023 and 2032.

The retail segment is estimated to register over 8% CAGR from 2023 to 2032 due to the rise in organized retail crime, theft, and fraud has also propelled retailers to invest in robust security measures.

North America dominated the commercial security system market with over 30% share in 2022 and will grow through 2032 as the region faces persistent security threats including theft, vandalism & cybersecurity breaches, driving the need for comprehensive security solutions.

Honeywell International Inc., Johnson Controls International, Bosch Sicherheitssysteme GmbH (Robert Bosch GmbH), Axis Communication AB, Securitas Technology, Siemens, and UTC Fire & Security.