Worldwide Security Room Control Industry to 2026 - Increasing Crime Activities is the Major Driver of the Market - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Security Room Control Market - Forecast from 2021 To 2026" report has been added to ResearchAndMarkets.com's offering.

The global security room control market is expected to grow at a compound annual growth rate of 7.75% over the forecast period to reach a market size of US$11.573 billion in 2026, from US$6.863 billion in 2019.

Security room control is a special facility that consists of security analysts and managers that build up the information security team. This team monitors and handles the security of an organization on a regular 24/7 basis. The facility uses both hardware and software devices like CCTVs, computer systems, standard alarm technology, electronic systems, laser Sonics, wired mics, perimeter intruder detection system, etc. to monitor and enhance the security of the organization.

The security control rooms are widely used in industries such as healthcare, defense, power plants, etc. that usually require a high level of security monitoring. Increasing thefts, online attacks, attacks, and crimes are the primary reason for the increasing awareness about the security room controls that are driving its market. Growing advancement technologies are expected to play a key role in the development of the market in the coming years.

Increasing crime activities is the major driver of the market:

With the increasing crime rate across the economies including thefts, burglary, and attacks, the awareness about the installation of security control rooms has increased among the people which is the major factor that is driving up the demand for security control rooms. For instance, as per United Nations in 2017, a total of 4,64,000 people were the victims of homicide with an average homicidal rate of 6.1 victims per 1,00,000.

The homicide rate was recorded highest in America standing at 17.2 with Africa following it at 13.0. With such a rate, the need for global security control rooms cannot be unnoticed. The increasing government initiatives on the adoption of security systems are also an important driving factor for the industry.

Technological advancements:

Technological advancements are expected to play a key role in the development of this industry. With Artificial Intelligence being adopted in every sector and the Internet of Things that has enhanced connectivity, global security room control is expected to be adopted at a wider stage in the coming years. The increasing investments in 4G and 5G technology, and the growing use of smartphones and tablets has had a considerable impact on the market growth over the years.

Increased technological advancements have paved a way for Security Operations Centers (SOC) and Network Operation Centers (NOC) that provide an integrated technology of sensors and analytics software. It uses a cloud-based service that makes it suitable for data monitoring and asset management. For instance, large-scale adoption of LED Video Walls along with Big Data Base Management Systems that use Storage Area Networks (SANs) and Media Asset Management (MAM) software has become increasingly popular in security operation centers.

Huge installation cost remains a major challenge:

The major restraint to the global security room control market is the huge investment cost associated with it. The equipment and components that comprise the whole system make it expensive to be installed by every organization and body which has restricted its use only to government bodies, defense organizations, and large firms. This factor has also restricted the growth of the market in underdeveloped countries thus restricting the growth of the market in these areas.

Impact of COVID-19 Pandemic:

With the onset of COVID 19 along with the lockdown, lack of labor, curfew, social distancing, etc. the Global Security Room Control market witnessed a negative impact. Due to the shutting down of organizations and lack of labor the demand to keep a security check on the security of the organization went down. With no industry allowed to function with full labor, the supply of Global Security Room Control Market Hardware also went down. But with the operations back on track, the market is expected to drive again in the coming years due to the increasing demand for control rooms and growing technology.

Key Segmentation:

By Product

• Hardware
• Software
• Services

By Application

• Industrial Safety
• Public Safety
• Defense
• Broadcast
• Others

By Industry Vertical

• Oil and Gas
• Healthcare
• Transport
• Mining
• Manufacturing
• Power
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• U.K.
• Germany
• France
• Others
• Middle East and Africa
• UAE
• South Africa
• Israel
• Saudi Arabia
• Others
• Asia-Pacific
• China
• Japan
• India
• Australia
• Taiwan
• South Korea
• Others

Companies Mentioned

• Hexagon Safety & Infrastructure
• ABB
• SPF Specialized Furniture
• Barco
• Codan
• Motorola Solutions
• Christie Digital Systems U.S.A, INC.
• Eizo Inc.

For more information about this report visit https://www.researchandmarkets.com/r/wco62h