Europe Commercial Security System Market Size, Share & Industry Trends Analysis Report By Vertical, By Offering, By Country and Growth Forecast, 2023 - 2030
The Europe Commercial Security System Market would witness market growth of 7.3% CAGR during the forecast period (2023-2030).
Private security is essential for safeguarding people and property, intellectual property, and sensitive company information. Private security professionals guard many of the nation's institutions and important infrastructure systems, including industry & manufacturing, utilities, transportation, and health and educational facilities. Companies also make substantial investments in private security, utilizing security organizations to undertake duties such as store security, private investigations, pre-employment screening, and information technology (IT) security. These services are utilized in various settings, such as residential and commercial. Some businesses employ their security people, while others collaborate with security agencies or combine the services of both proprietary and contract workers.
It is anticipated that the market will grow due to the expanding need for private security. The market is expanding due to several factors including the increasing frequency of terrorist attacks & organized crime regionally and the expanding construction sector. Furthermore, increasing IP cameras’ adoption and speeding up the implementation of strict fire protection-related regulations are two additional drivers projected to propel the market's growth. Due to the rising crime rates, the market is predicted to expand in the government and law enforcement end-use segments.
The Russian government is reportedly putting safety measures in place to prevent further hacks, according to Russian intelligence. The Russian government is now, however, also supported by several cybercriminal groups. These Russian-linked groups of cyber terrorists have pledged to retaliate for allegedly targeted attacks against the Russian government and people. Threats of cyberattacks on nations and organizations that support the Ukrainian military have also been made by various parties. Other cybercriminal groups have launched recent destabilizing attacks on Ukrainian websites, possibly supporting Russia's military involvement. As a result, the market is anticipated to expand significantly in this region.
The Germany market dominated the Europe Commercial Security System Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $24,777 million by 2030. The UK market is estimated to grow at a CAGR of 6.4% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 8.1% during (2023 - 2030).
Based on Vertical, the market is segmented into Commercial, Retail, Government & Defense, Healthcare & Lifesciences, Banking & Finance, Energy & Power, Transportation & Logistics, Industrial, Education and Others. Based on Offering, the market is segmented into Hardware (Fire Protection System, Video Surveillance, Access Control System and Others), Software (Video Surveillance Software, Fire Analysis Software and Access Control Software) and Services (Security System Integration Services, Remote Monitoring Services, Fire Protection Services, Video Surveillance Services and Access Control Services). Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International PLC, Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International, Inc., Zhejiang Dahua Technology Co., Ltd., Dormakaba Holding AG, Bosch Security Systems GmbH (Robert Bosch GmbH), Canon, Inc. (Axis Communications, AB), Secom Co. Ltd., Assa Abloy AB and ADT, Inc.
Scope of the Study
Market Segments covered in the Report:
By Vertical
- Commercial
- Retail
- Government & Defense
- Healthcare & Lifesciences
- Banking & Finance
- Energy & Power
- Transportation & Logistics
- Industrial
- Education
- Others
- Hardware
- Fire Protection System
- Video Surveillance
- Access Control System
- Others
- Software
- Video Surveillance Software
- Fire Analysis Software
- Access Control Software
- Services
- Security System Integration Services
- Remote Monitoring Services
- Fire Protection Services
- Video Surveillance Services
- Access Control Services
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Johnson Controls International PLC
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Honeywell International, Inc.
- Zhejiang Dahua Technology Co., Ltd.
- Dormakaba Holding AG
- Bosch Security Systems GmbH (Robert Bosch GmbH)
- Canon, Inc. (Axis Communications, AB)
- Secom Co. Ltd.
- Assa Abloy AB
- ADT, Inc.
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Commercial Security System Market, by Vertical
- 1.4.2 Europe Commercial Security System Market, by Offering
- 1.4.3 Europe Commercial Security System Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition and Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.2.4 Geographical Expansions
- 3.3 Market Share Analysis, 2022
- 3.4 Top Winning Strategies
- 3.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 3.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Apr – 2023, May) Leading Players
- Chapter 4. Europe Commercial Security System Market by Vertical
- 4.1 Europe Commercial Market by Country
- 4.2 Europe Retail Market by Country
- 4.3 Europe Government & Defense Market by Country
- 4.4 Europe Healthcare & Lifesciences Market by Country
- 4.5 Europe Banking & Finance Market by Country
- 4.6 Europe Energy & Power Market by Country
- 4.7 Europe Transportation & Logistics Market by Country
- 4.8 Europe Industrial Market by Country
- 4.9 Europe Education Market by Country
- 4.1 Europe Others Market by Country
- Chapter 5. Europe Commercial Security System Market by Offering
- 5.1 Europe Hardware Market by Country
- 5.2 Europe Commercial Security System Market by Hardware Type
- 5.2.1 Europe Fire Protection System Market by Country
- 5.2.2 Europe Video Surveillance Market by Country
- 5.2.3 Europe Access Control System Market by Country
- 5.2.4 Europe Others Market by Country
- 5.3 Europe Software Market by Country
- 5.4 Europe Commercial Security System Market by Software Type
- 5.4.1 Europe Video Surveillance Software Market by Country
- 5.4.2 Europe Fire Analysis Software Market by Country
- 5.4.3 Europe Access Control Software Market by Country
- 5.5 Europe Services Market by Country
- 5.6 Europe Commercial Security System Market by Services Type
- 5.6.1 Europe Security System Integration Services Market by Country
- 5.6.2 Europe Remote Monitoring Services Market by Country
- 5.6.3 Europe Fire Protection Services Market by Country
- 5.6.4 Europe Video Surveillance Services Market by Country
- 5.6.5 Europe Access Control Services Market by Country
- Chapter 6. Europe Commercial Security System Market by Country
- 6.1 Germany Commercial Security System Market
- 6.1.1 Germany Commercial Security System Market by Vertical
- 6.1.2 Germany Commercial Security System Market by Offering
- 6.1.2.1 Germany Commercial Security System Market by Hardware Type
- 6.1.2.2 Germany Commercial Security System Market by Software Type
- 6.1.2.3 Germany Commercial Security System Market by Services Type
- 6.2 UK Commercial Security System Market
- 6.2.1 UK Commercial Security System Market by Vertical
- 6.2.2 UK Commercial Security System Market by Offering
- 6.2.2.1 UK Commercial Security System Market by Hardware Type
- 6.2.2.2 UK Commercial Security System Market by Software Type
- 6.2.2.3 UK Commercial Security System Market by Services Type
- 6.3 France Commercial Security System Market
- 6.3.1 France Commercial Security System Market by Vertical
- 6.3.2 France Commercial Security System Market by Offering
- 6.3.2.1 France Commercial Security System Market by Hardware Type
- 6.3.2.2 France Commercial Security System Market by Software Type
- 6.3.2.3 France Commercial Security System Market by Services Type
- 6.4 Russia Commercial Security System Market
- 6.4.1 Russia Commercial Security System Market by Vertical
- 6.4.2 Russia Commercial Security System Market by Offering
- 6.4.2.1 Russia Commercial Security System Market by Hardware Type
- 6.4.2.2 Russia Commercial Security System Market by Software Type
- 6.4.2.3 Russia Commercial Security System Market by Services Type
- 6.5 Spain Commercial Security System Market
- 6.5.1 Spain Commercial Security System Market by Vertical
- 6.5.2 Spain Commercial Security System Market by Offering
- 6.5.2.1 Spain Commercial Security System Market by Hardware Type
- 6.5.2.2 Spain Commercial Security System Market by Software Type
- 6.5.2.3 Spain Commercial Security System Market by Services Type
- 6.6 Italy Commercial Security System Market
- 6.6.1 Italy Commercial Security System Market by Vertical
- 6.6.2 Italy Commercial Security System Market by Offering
- 6.6.2.1 Italy Commercial Security System Market by Hardware Type
- 6.6.2.2 Italy Commercial Security System Market by Software Type
- 6.6.2.3 Italy Commercial Security System Market by Services Type
- 6.7 Rest of Europe Commercial Security System Market
- 6.7.1 Rest of Europe Commercial Security System Market by Vertical
- 6.7.2 Rest of Europe Commercial Security System Market by Offering
- 6.7.2.1 Rest of Europe Commercial Security System Market by Hardware Type
- 6.7.2.2 Rest of Europe Commercial Security System Market by Software Type
- 6.7.2.3 Rest of Europe Commercial Security System Market by Services Type
- Chapter 7. Company Profiles
- 7.1 Johnson Controls International PLC
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental & Regional Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 Recent strategies and developments:
- 7.1.5.1 Partnerships, Collaborations, and Agreements:
- 7.1.5.2 Acquisition and Mergers:
- 7.1.5.3 Product Launches and Product Expansions:
- 7.1.6 SWOT Analysis
- 7.2 Hangzhou Hikvision Digital Technology Co., Ltd.
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Regional Analysis
- 7.2.4 Research & Development Expenses
- 7.2.5 Recent strategies and developments:
- 7.2.5.1 Partnerships, Collaborations, and Agreements:
- 7.2.5.2 Product Launches and Product Expansions:
- 7.3 Honeywell International, Inc.
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expenses
- 7.3.5 Recent strategies and developments:
- 7.3.5.1 Partnerships, Collaborations, and Agreements:
- 7.3.5.2 Product Launches and Product Expansions:
- 7.3.5.3 Acquisition and Mergers:
- 7.3.6 SWOT Analysis
- 7.4 Zhejiang Dahua Technology Co., Ltd.
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Regional Analysis
- 7.4.4 Product Development Expenses
- 7.4.5 Recent strategies and developments:
- 7.4.5.1 Product Launches and Product Expansions:
- 7.4.5.2 Partnerships, Collaborations, and Agreements:
- 7.5 Dormakaba Holding AG
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Regional Analysis
- 7.5.4 Research & Development Expenses
- 7.5.5 Recent strategies and developments:
- 7.5.5.1 Partnerships, Collaborations, and Agreements:
- 7.6 Bosch Security Systems GmbH (Robert Bosch GmbH)
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 Research & Development Expense
- 7.6.5 Recent strategies and developments:
- 7.6.5.1 Partnerships, Collaborations, and Agreements:
- 7.6.5.2 Acquisition and Mergers:
- 7.6.5.3 Product Launches and Product Expansions:
- 7.6.6 SWOT Analysis
- 7.7 Canon, Inc. (Axis Communications, AB)
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Segmental and Regional Analysis
- 7.7.4 Research & Development Expenses
- 7.7.5 Recent strategies and developments:
- 7.7.5.1 Partnerships, Collaborations, and Agreements:
- 7.7.5.2 Product Launches and Product Expansions:
- 7.7.6 SWOT Analysis
- 7.8 Secom Co. Ltd.
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental and Regional Analysis
- 7.8.4 Recent strategies and developments:
- 7.8.4.1 Geographical Expansions:
- 7.9 Assa Abloy AB
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Segmental and Regional Analysis
- 7.9.4 Research & Development Expense
- 7.9.5 Recent strategies and developments:
- 7.9.5.1 Product Launches and Product Expansions:
- 7.9.5.2 Acquisition and Mergers:
- 7.9.6 SWOT Analysis
- 7.10. ADT, Inc.
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segmental Analysis
- 7.10.4 Recent strategies and developments:
- 7.10.4.1 Partnerships, Collaborations, and Agreements:
- 7.10.4.2 Acquisition and Mergers:
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