Global Security as a Service Market to grow at a CAGR of 12.63% during the period 2016 - 2020; Finds New Report

Report forecast the global security as a service market to grow at a CAGR of 12.63% during the period 2016-2020.

From criminal activity to predictive analytics and marketing, organizations in the public and as well as the private sector are benefitting from video surveillance. The accuracy of the video surveillance technology has completely changed the way criminal cases are being tried. End-users are becoming aware about the benefits of video surveillance that provide a good amount of information to help manage, monitor, and resolve some of the critical situations.

The report covers the present scenario and the growth prospects of the global security as a service market for 2016-2020. The market size has been calculated based on the revenue generated from the services provided by the vendors in the market for video surveillance hardware and software and access control hardware and software.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, one of the key drivers for market growth will be declining prices of security products. The prices of security solutions, such as IP cameras, are quickly dropping, and with a new array of technologies, there is no need of an internal server to store the camera data, as it will be stored in the cloud. This will make it easier and more cost-effective to install security solutions. Earlier, companies had to hire security guards to constantly monitor their premises. Now, several companies are cutting down on the number of security guards and switching to security services, in which a third party is alerted whenever there is suspicious activity.

Further, the report states that choosing right security solution will be a challenge for the market. Customers get confused while investing in technology for home needs and tend to make decisions based on the latest breach in the news. Improper decisions with regard to security solutions will adversely affect the smooth functioning of businesses. While customers are becoming dissatisfied and feeling insecure with the data breaches, security professionals, with their security monitoring services, face the human challenge of security amnesia, where security professionals are so flooded with security alerts that they develop blind spots to true indicators of attack. This challenge is aggravated by the serious shortage of talent in the security industry. Companies that are still on more legacy security solutions end up shorthanded as they battle a growing number of security alerts.

Global Security As A Service Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global security as a service market:  Axis Communications, Bosch Security Systems, Cisco Systems, Honeywell, and Panasonic.

Other Prominent Vendors in the market are: ADT, A2 Systems, ALL-TAG Security Americas, Anixter, Assa Abloy, Advanced Technology Video, AxxonSoft, DvTel, iDefigo, Gallagher, Genetec, Hikvision Digital, Intergraph, Ketec, Lenel Systems, MOBOTIX, Moonblink, Nedap, NetVersant, NortekSecurity, S2 Security, Salient Systems, Samsung Techwin, Schneider Electric, Security Station, Siemens, VideoNEXT, and Watchdog Security.

Market driver

• Declining prices of security products
• For a full, detailed list, view our report

Market challenge

• Choosing right security solution
• For a full, detailed list, view our report

Market trend

• Edge-based video surveillance
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 58 pages and 22 Exhibit “Global Security as a Service Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market size and forecast, Market segmentation by end-user, Geographical segmentation, Buying criteria, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Five forces analysis, Vendor landscape, Key vendor profiles, Appendix.

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