Need to Safeguard People, Resources & Infrastructure Amid Escalating Crime Rates and Security Concerns to Drive Growth in the Global Electronic Security Systems (ESS) Market
The global Electronic Security Systems (ESS) market is projected to reach US$66.9 billion by 2024 , driven by the growing need to protect infrastructure, resources and human lives against the backdrop of rising security threats and crime rates. Electronic security represents the use of technology and electronic devices for ensuring safety and security of human life, physical assets, and business operations by tracking and preventing unauthorized access to restricted premises, sensitive data, or high value assets. As key enablers of advanced electronic security, a wide range of solutions including alarms, electronic access controls systems (EACS) and CCTV and video surveillance systems have been well received by individuals, commercial establishments, and governments across the world. While the government sector continues to remain the largest end-use market for electronic security systems, generating a major portion of value sales for ESS market, commercial establishments and househo...