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Electronic Security Market Share

Report ID: GMI2132
Published Date: Aug 2024
Report Format: PDF

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Electronic Security Market Share

ADT Inc. & ASSA Abloy hold a significant share in the electronic security industry. ADT Inc. holds a significant share in the electronic security industry due to its extensive experience and comprehensive range of security solutions. As one of the largest and most established providers of security and monitoring services, ADT has built a strong reputation for reliability and innovation. The company offers a broad spectrum of electronic security solutions, including advanced alarm systems, video surveillance, and access control systems, tailored to both residential and commercial clients.

ADT’s significant market share is further supported by its robust distribution network, nationwide presence, and commitment to integrating cutting-edge technologies such as IoT and AI to enhance security features. Additionally, ADT’s focus on customer service and its ability to offer scalable solutions that meet varying security needs contribute to its dominant position in the market.

ASSA Abloy holds a substantial share in the electronic security market due to its global leadership in access control solutions and its innovative approach to security technology. The company is renowned for its wide range of products, including electronic locks, access control systems, and key management solutions, which are used across various sectors, from commercial to residential applications.

ASSA Abloy’s market dominance is driven by its continuous investment in research and development, resulting in the introduction of advanced technologies such as smart locks and wireless access control systems. The company’s strategic acquisitions and partnerships have expanded its product offerings and global reach, enabling it to cater to diverse security needs across different regions. Its focus on providing integrated and scalable security solutions helps maintain its competitive edge and strong market presence.

Electronic Security Market Companies

Major players operating in the electronic security industry are:

ADT Inc.
ASSA Abloy
BOSCH Security
G4S Ltd.
Honeywell International Inc.
Johnson Controls International
Teledyne FLIR LLC

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of electronic security reached USD 54.68 billion in 2023 and will grow at 12% CAGR between 2024 and 2032, due to increasing concerns over safety and theft, rising adoption of smart home technologies, and advancements in surveillance and access control systems.

Electronic security industry size from the cloud-based segment will witness 10% CAGR through 2032, driven by their real-time data access, advanced analytics, and remote monitoring capabilities

Asia Pacific market registered 35% share in 2023, attributed to rapid urbanization, increasing investments in smart city infrastructure, and rising security concerns in the region.

Major companies operating in the industry are ADT Inc., ASSA Abloy, BOSCH Security, G4S Ltd., Honeywell International Inc., Johnson Controls International, and Teledyne FLIR LLC, among others.