Market Overview:
The global building security system market is expected to grow from USD 9.02 billion in 2018 to USD 16.48 billion by 2030, at a CAGR of 7.0% from 2018 to 2030. The growth of the global building security system market can be attributed to the increasing incidences of terror attacks and burglaries, and the need for safety and security among end-users. The commercial building segment is expected to hold the largest share of the global building security system market in 2018, owing to the increasing demand for safety and security among businesses across different industries worldwide. The industrial building segment is projected to grow at a higher CAGR during the forecast period, owingtothe growing adoption of industrial automation across various industries coupled with rising concerns over workplace safety &security .
Product Definition:
A building security system is a type of electronic security system that is designed to protect buildings and their occupants from crime and vandalism. These systems typically include video surveillance, access control, and alarm systems.
Monitoring Systems:
Security systems are used to monitor the activities that take place in or around a building. It can be used for both commercial and residential purposes. The factors responsible for market growth include growing terrorist threats, need for safety & security in buildings, technological advancements such as IP based video surveillance system and integration with IT network etc., rising awareness about the benefits of these systems among consumers along with government support through regulations and policies etc.
Access control:
An access control system is a group of hardware and software components that are used to restrict unauthorized personnel from entering or exiting a building. It comprises of devices such as door contacts, card readers, security cameras, and biometric sensors among others. The primary function of an access control system is to ensure the safety and security of buildings by controlling who enters or leaves it.
Application Insights:
The commercial building segment accounted for the largest revenue share of over 40% in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to a rise in demand for high security against burglaries, robberies, and other crimes at night. Furthermore, stringent government regulations pertaining to safety of buildings across various regions are driving the demand from commercial buildings.
The residential building segment is expected register notable growth over the forecast period owing to increasing investments by consumers in protection against burglary and theft. Moreover, rising awareness regarding safety among consumers is further anticipated to drive product adoption across this application sector during future phases of development.
Regional Analysis:
North America accounted for the largest market share in 2016 and is expected to continue its dominance over the forecast period. This growth can be attributed to stringent regulations by regulatory bodies, such as National Fire Protection Association (NFPA) and International Building Code (IBC). The increasing number of commercial buildings in North America owing to rising tourism has led to an increase in construction activities, which is anticipated to drive the demand for BSS systems across this region.
Asia Pacific building security system market is estimated to grow at a lucrative rate over the forecast period owing high growth potential of commercial sector coupled with rapid urbanization across emerging economies including China and India. Furthermore, growing investments from governments are also expected drive regional demand during the forecast period.
Growth Factors:
- Increasing demand for security systems from the commercial sector
- Growing awareness about the benefits of using security systems
- Proliferation of smart devices and the Internet of Things (IoT)
- Rising concerns about crime and terrorism
- Advances in technology that have led to the development of more sophisticated security systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Building Security System Market Research Report
By Type
Monitoring Systems, Access control, Intrusion Detection, Fire Safety, Others
By Application
Residential Building, Commercial Building, Industrial Building, Other
By Companies
Siemens Building Technologies Inc, Johnson Controls（Tyco）, Schneider Electric, UTC Fire＆Security, United Technologies Corporation, BOSCH Security, ABB Limited, Legrand (Bticino), Honeywell International Inc, Dahua Technology, Eaton Corporation, Caverion corporation, Ingersoll Rand Inc, Renesas, Azbil Corporation, Nortek Security & Control LLC, Magal Security Systems Ltd, Assa Abloy Group, Allegion plc, Alarm.Com, Aiphone, Control4 Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Building Security System Market Report Segments:
The global Building Security System market is segmented on the basis of:
Types
Monitoring Systems, Access control, Intrusion Detection, Fire Safety, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Building, Commercial Building, Industrial Building, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens Building Technologies Inc
- Johnson Controls（Tyco）
- Schneider Electric
- UTC Fire＆Security
- United Technologies Corporation
- BOSCH Security
- ABB Limited
- Legrand (Bticino)
- Honeywell International Inc
- Dahua Technology
- Eaton Corporation
- Caverion corporation
- Ingersoll Rand Inc
- Renesas
- Azbil Corporation
- Nortek Security & Control LLC
- Magal Security Systems Ltd
- Assa Abloy Group
- Allegion plc
- Alarm.Com
- Aiphone
- Control4 Corporation
Highlights of The Building Security System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Monitoring Systems
- Access control
- Intrusion Detection
- Fire Safety
- Others
- By Application:
- Residential Building
- Commercial Building
- Industrial Building
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Building Security System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A building security system is a set of measures taken to protect buildings and their occupants from unauthorized access, theft, or damage.
Some of the major players in the building security system market are Siemens Building Technologies Inc, Johnson Controls（Tyco）, Schneider Electric, UTC Fire＆Security, United Technologies Corporation, BOSCH Security, ABB Limited, Legrand (Bticino), Honeywell International Inc, Dahua Technology, Eaton Corporation, Caverion corporation, Ingersoll Rand Inc, Renesas, Azbil Corporation, Nortek Security & Control LLC, Magal Security Systems Ltd, Assa Abloy Group, Allegion plc, Alarm.Com, Aiphone, Control4 Corporation.
The building security system market is expected to register a CAGR of 7%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Building Security System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Building Security System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Building Security System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Building Security System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Building Security System Market Size & Forecast, 2018-2028
4.5.1 Building Security System Market Size and Y-o-Y Growth
4.5.2 Building Security System Market Absolute $ Opportunity
Chapter 5 Global Building Security System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Building Security System Market Size Forecast by Type
5.2.1 Monitoring Systems
5.2.2 Access control
5.2.3 Intrusion Detection
5.2.4 Fire Safety
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Building Security System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Building Security System Market Size Forecast by Applications
6.2.1 Residential Building
6.2.2 Commercial Building
6.2.3 Industrial Building
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Building Security System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Building Security System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Building Security System Analysis and Forecast
9.1 Introduction
9.2 North America Building Security System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Building Security System Market Size Forecast by Type
9.6.1 Monitoring Systems
9.6.2 Access control
9.6.3 Intrusion Detection
9.6.4 Fire Safety
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Building Security System Market Size Forecast by Applications
9.10.1 Residential Building
9.10.2 Commercial Building
9.10.3 Industrial Building
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Building Security System Analysis and Forecast
10.1 Introduction
10.2 Europe Building Security System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Building Security System Market Size Forecast by Type
10.6.1 Monitoring Systems
10.6.2 Access control
10.6.3 Intrusion Detection
10.6.4 Fire Safety
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Building Security System Market Size Forecast by Applications
10.10.1 Residential Building
10.10.2 Commercial Building
10.10.3 Industrial Building
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Building Security System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Building Security System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Building Security System Market Size Forecast by Type
11.6.1 Monitoring Systems
11.6.2 Access control
11.6.3 Intrusion Detection
11.6.4 Fire Safety
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Building Security System Market Size Forecast by Applications
11.10.1 Residential Building
11.10.2 Commercial Building
11.10.3 Industrial Building
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Building Security System Analysis and Forecast
12.1 Introduction
12.2 Latin America Building Security System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Building Security System Market Size Forecast by Type
12.6.1 Monitoring Systems
12.6.2 Access control
12.6.3 Intrusion Detection
12.6.4 Fire Safety
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Building Security System Market Size Forecast by Applications
12.10.1 Residential Building
12.10.2 Commercial Building
12.10.3 Industrial Building
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Building Security System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Building Security System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Building Security System Market Size Forecast by Type
13.6.1 Monitoring Systems
13.6.2 Access control
13.6.3 Intrusion Detection
13.6.4 Fire Safety
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Building Security System Market Size Forecast by Applications
13.10.1 Residential Building
13.10.2 Commercial Building
13.10.3 Industrial Building
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Building Security System Market: Competitive Dashboard
14.2 Global Building Security System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens Building Technologies Inc
14.3.2 Johnson Controls（Tyco）
14.3.3 Schneider Electric
14.3.4 UTC Fire＆Security
14.3.5 United Technologies Corporation
14.3.6 BOSCH Security
14.3.7 ABB Limited
14.3.8 Legrand (Bticino)
14.3.9 Honeywell International Inc
14.3.10 Dahua Technology
14.3.11 Eaton Corporation
14.3.12 Caverion corporation
14.3.13 Ingersoll Rand Inc
14.3.14 Renesas
14.3.15 Azbil Corporation
14.3.16 Nortek Security & Control LLC
14.3.17 Magal Security Systems Ltd
14.3.18 Assa Abloy Group
14.3.19 Allegion plc
14.3.20 Alarm.Com
14.3.21 Aiphone
14.3.22 Control4 Corporation
