Global Market for Electronic Security Systems is Projected to Exceed US$44 Billion by 2010, According to a New Report by Global Industry Analysts, Inc.
Driven mainly by heightened fears of terrorism, an increase in the rate of crime, economic growth in developing nations, and mandatory legislations, sales in the worldwide market for electronic security systems are poised to exceed US$44 billion by the end of the year 2010.
San Jose, CA (Issues Wire / PRWEB) March 18, 2008 -- The global security industry is extensive in its scope, covering an extremely wide range of products and services associated with the security and protection of operations, life and assets. The growing importance of security in consumer mind has compelled marketing and sales agents to position security feature in their marketing campaigns for home sales. This is evident particularly in luxury and super-luxury market segments. Typical security features include video monitoring, intrusion alarms, smoke and fire detectors.
Sales of Electronic Security Systems market in the United States totaled an estimated US$9.4 billion in 2006, while Europe is poised to retain its dominance as the largest regional market over the years 2000 through 2010. Sales of alarms in Asia-Pacific (excluding Japan) are projected to exceed US$3.8 billion in 2009. Sales of electronic access control systems in the United States are projected to grow at a compounded annual rate of 14.23% over the years 2000 through 2010.
Key players listed in the report include Bosch Security Systems, Chubb Security Systems, Guardian Protection Services, Inc., Honeywell Security, NAPCO Security Systems, Inc., PAC International Ltd., and Tyco Fire & Security, among others.
"Electronic Security Systems: A Global Strategic Business Report" published by Global Industry Analysts, Inc., analyzes the global market with hard-to-find data and analytics for key regional markets such as Europe and the United States, alongside up and coming markets such as Asia-Pacific and Latin America. The report provides a comprehensive review of market trends and issues, drivers, players, competitive landscape, recent developments, mergers, acquisitions, alliances, product launches and other strategic industry activities.
Analytical estimates and projections are presented in terms of sales in US$ over the years 2000 through 2010. Long-term projections have been provided for the period 2011-2015. Product segments independently analyzed include Alarms, Electronic Access Control Systems, CCTV/Video Surveillance Equipment and Other Electronic Security Systems.
For more details about this research report, please visit http://www.strategyr.com/Electronic_Security_Systems_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR.com
Web Site www.StrategyR.com
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