NEW YORK, April 22, 2021 /PRNewswire/ -- The surveillance and security equipment market is expected to grow by $ 22.98 bn, progressing at a CAGR of 9% during the forecast period.
The need to mitigate criminal activities and terrorist attacks is one of the major factors propelling market growth. However, factors such as issues related to privacy will hamper the market growth.
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Surveillance and Security Equipment Market: Service Landscape
Based on the service, the commercial segment is expected to witness lucrative growth during the forecast period.
Surveillance and Security Equipment Market: Geographic Landscape
By geography, APAC is going to have lucrative growth during the forecast period. About 47% of the market's overall growth is expected to originate from APAC. China and Japan are the key markets for surveillance and security equipment in APAC. Rapid urbanization and industrialization will facilitate the surveillance and security equipment market growth in APAC over the forecast period.
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Service
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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