Bharat Book Bureau Provides the Trending Market Research Report on “Global Security Control Room Market Forecast to 2023” under Consumer Goods category. The report provides information on industry overview, market size, latest developments, industry trends, Large players, Emerging players, global presence, and their future prospects.
Government initiatives, modernized policies, and regulations to increase public security and safety worldwide drive the growth of the security control room market
The security control room market is expected to grow from USD 7.20 billion in 2018 to USD 10.00 billion by 2023, at a CAGR of 6.80% between 2018 and 2023. Government initiatives, modernized policies, and regulations to increase public security and safety worldwide are driving the factors of the security control room market. Major restraining factors for the growth of the security control room market include high investment requirements for control room setup and operations.
The market for services offering to hold a major share of the security control room market during the forecast period
Control room technology has various service offerings including installation, managed services, and maintenance and support services. Efficient services are an integral part of a control room as well as being able to work effectively in a critical working environment.
The market for public safety application held the largest share of the security control room market in 2017
Public safety is the key function of each government that ensures protection of citizens, organizations, and institutions against threats. Each country has dedicated public safety organizations including law enforcement agencies, fire services, and emergency medical services. Public safety control room solutions mainly include surveillance systems, critical communication systems, emergency and disaster management solutions, computer-aided dispatch (CAD), and computer-based radio dispatchers. Increasing organized crimes have become a major risk to both national and international security, which, in turn, has led to the adoption of effective public safety solutions worldwide.
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Security control room market for utilities and telecom vertical expected to grow at the highest rate between 2018 and 2023
Utilities and telecom segment is rapidly growing worldwide. Control rooms help utilities and telecom segment for monitoring and tracking dispatch units as these industries require time-critical material to be delivered for proper execution of various tasks. Furthermore, for the telecom vertical, control room centers use display wall systems to show vast amounts of information and activities.
Security control room market in APAC expected to grow at the highest rate between 2018 and 2023
Owing to the growing population in APAC, it is expected to be the fastest-growing market for security control room in the near future. Moreover, the emerging economies—such as China and India—are witnessing unparalleled growth in security control room and other countries—such as Taiwan, Indonesia, Singapore, and Malaysia—have been exhibiting positive growth in this market. Also, increasing developments in the field of transportation, communication, public infrastructure, and construction are expected to create demand for public safety and control rooms.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key experts. The breakup of the profiles of primary participants is as follows:
- By Company Type: Tier 1 = 45 %, Tier 2 = 35%, and Tier 3 = 20%
- By Designation: C-Level Executives = 35%, Directors = 25%, and Others = 40%
- By Geography: North America—45%, Europe—20%, APAC—30%, and RoW—5%
Companies that provide a range of customized solutions to customers are expected to emerge as the game changers.
This report profiles some of the following key security control room technology developers in this market:
1. ABB (Switzerland)
2. Barco (Belgium)
3. Black Box (US)
4. Harris (US)
5. Motorola Solutions (US)
6. Tyler Technologies (US)
7. Eizo Corporation (Japan)
8. Zetron (US)
9. TriTech Software Systems (US)
10. Hexagon Safety & Infrastructure (US)
11. Christie Digital Systems (US)
12. Superion (US)
13. Electrosonic (US)
14. SAIFOR Group (Spain)
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