Technavio Announces Top Six Vendors in the Global Residential and Commercial Security Market Until 2020

LONDON--()--Technavio has announced the top six leading vendors for the global residential and commercial security market in their latest research report. This report also lists 26 other prominent vendors who are expected to contribute to this market’s growth over the forecast period.

To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market. To calculate the market size, the report considers revenue generated from the sales of the following security solutions:

  • Surveillance systems: IP domes, high-performance security cameras, CCTV systems, and video monitors.
  • Intruder alarms: Motion detection and window sensors, which protect home and businesses against burglary.
  • Software: It includes video analytics software — both integrated and stand-alone.
  • Access control systems: These provide access to restricted areas such as main entrances and internal doors and enable users to check the status of entries and exits in real time.

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“Rise in criminal activities, thefts, and unauthorized access to residences has prompted homeowners to adopt security systems. Many residential buildings are being equipped with a special platform that will help residents remotely control electronic devices with their mobile devices such as smartphones, tablets, and laptops. Remote management includes energy management, lighting control, controlling safety and security, and electronic locks,” said Amrita Choudhury, one of Technavio’s lead analysts for IT security.

Top six leading vendors in the global residential and commercial security market:

Axis Communications

Axis Communications was established in 1984 and is headquartered in Lund, Sweden. The company, along with its subsidiaries, operates in more than 40 countries and markets its products in more than 70 countries.

The key product offerings of the company are network cameras, video encoders, accessories, video management software, physical access control products, and camera applications.

The company is in strategic partnerships with distributors, value-added resellers, system integrators, technology vendors, software developers, and consultants. The company has more than 65,000 partners in more than 179 countries.

Bosch Security Systems

Bosch Security Systems was founded in 1968 and is headquartered in Fairport, New York, US. The company, which is a subsidiary of Robert Bosch, supplies and designs security equipment for communications, video surveillance, access control, intrusion, and fire detection applications.

Bosch North America Corporation has acquired Climatec, which provides energy efficiency, building automation, security, and life-safety solutions for the US market. This acquisition will expand Bosch's global presence, especially in the growing North American market.

Checkpoint Systems

Checkpoint Systems was founded in 1969 and is headquartered in Thorofare, New Jersey US. It helps its customers, such as apparel manufacturers and retailers, promote their brand and track and protect their merchandise throughout the supply chain.

Apparel labeling is its second largest segment, and it provides customers with a single source for all their apparel labeling requirements. The retail merchandising segment focuses on European as well as Asian markets and provides promotional displays, hand-held labeling applicators and tags, and customer queuing systems.

Honeywell Security Systems

Headquartered in Mougins, France, Honeywell Security Group is a subsidiary of Honeywell International, which provides intelligent, advanced, and integrated security solutions. The company develops and markets a comprehensive range of security solutions for homes, businesses, and possessions.

The company offers various products to its customers such as intrusion, integrated security, video surveillance, and access control solutions. Their products serve customers, including retail establishments, seaports, utilities, airports, banks, educational campuses, industries, life sciences establishments, military infrastructure, residential buildings, government offices, healthcare centers, and places of worship. It operates in more than 100 countries and employs about 7,100 people.

Qognify

Founded in 1986, Qognify (formerly NICE Systems) is headquartered in Ra'anana, Israel. The company provides integrated digital recording and management solutions to its customers. Qognify's solutions help organizations capture and analyze big data to anticipate and mitigate security and safety risks, maintain business continuity, and streamline operations.

The company operates its business through three segments: customer interaction solutions, security solutions, and financial crime and compliance solutions.

Tyco International

Tyco International was founded in 1960 and is headquartered in Schaffhausen, Switzerland. The company sells security and fire protection products and services to a huge customer base covering three million customers across the world. As of September 25, 2015, the company employed approximately 57,000 people worldwide, of which about 19,000 were in the US.

The company's products and services find applications in the oil and gas industry, government offices, banks and financial services firms, healthcare centers, retail establishments, and the marine infrastructure, home security, and transportation industries.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com

Release Summary

Technavio has announced the top six leading vendors for the global residential and commercial security market in their latest research report from 2016-2020.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com