Electronic Security Systems (ESS)
Market
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Electronic Security Systems (ESS) Market Size and Growth
The Electronic Security Systems (ESS) market is experiencing robust growth, driven by rising security concerns and technological advancements. As of 2023, the global ESS market size is estimated to reach approximately $50 billion, with a compound annual growth rate (CAGR) projected at around 10% over the next five years.
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Companies Covered (Covid 19 Impact Covered)
◍ ADT LLC (USA)
◍ Allegion plc (Ireland)
◍ ASSA ABLOY AB (Sweden)
◍ HID Global (USA)
◍ Axis Communications AB (Sweden)
◍ BIO-key,International,Inc. (USA)
◍ Bosch Security Systems (Germany)
The Electronic Security Systems (ESS) market is competitive, featuring key players like ADT LLC, Allegion plc, ASSA ABLOY, and Bosch Security Systems. These companies innovate and expand product offerings, enhancing security solutions. Their collective advancements drive market growth through diverse technologies and strategic partnerships. Select revenue figures include:
- ADT LLC: $5 billion
- ASSA ABLOY: €8.7 billion
- Bosch Security Systems: €3 billion
◍ Changzhou Minking Electronics (China)
◍ CP PLUS GmbH & Co. KG (Germany)
◍ Dahua Technology Co.,Ltd. (China)
◍ Diebold Nixdorf
◍ DoorKing Inc. (USA)
◍ Dormakaba Holding AG (Switzerland)
◍ Fermax Electronica S.A.U. (Spain)
◍ Gemalto N.V. (Netherlands)
◍ M Cogent (USA)
◍ Genetec,Inc. (Canada)
- Genetec, Inc.: $200 million
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◍ Global Security Solutions (Canada)
Market Segmentation
By Application
Household
Commercial
Industrial
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By Product
Facial Recognition
HD Pictures
Biometric
Others
Market Growth
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$ X Billion USD
