The growth of the security solutions market is expected to be driven by the necessity to protect individuals as well as property from rapidly evolving threats, increasing consumer awareness and security concerns, willingness to pay for security systems, growing demand for the use of wireless technology in security systems, and adoption of IoT-based security systems.

The commercial end-use industry in the security solutions market held the largest share in 2016. The increasing incidences of crimes such as theft of physical as well as data/information have led to a need for security systems to protect not only the property owners but the property as well. With this intention, corporate organisations are investing substantial amounts to protect sensitive data and their employees. For instance, access control systems or biometric security systems are used in server rooms of organisations that deal with sensitive data. Such security solutions prevent unauthorised access and thus safeguard property and people from untoward incidences.

The wireless systems segment is projected to grow at the highest rate in the security solutions market between 2017 and 2022.  Wireless systems are not only easy to install but can also improve the interactive monitoring services of a system. They can be remotely operated, which makes them easy to use. Considering these benefits that wireless systems offer, the segment is expected to grow at the highest rate during the forecast period. Big players such as Frontpoint Security Solutions (U.S.) and ADT Corporation (U.S.) provide wireless security systems.

The report identifies various security solutions market major players, amongst those cited are, Assa Abloy, Bosch Security Systems, Honeywell International, Tyco International, UTC Fire & Security, ADT, Alarm.com, Allegion, Control4, Nortek Security, Hikvision, Secom, Dahua and Axis Communications.