Jul 7, 2020   SOURCE: BusinessWire

Global Utilities Security Industry to 2027 - Market Trajectory & Analytics - ResearchAndMarkets.com

The "Utilities Security - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Utilities Security estimated at US$5.4 Billion in the year 2020, is projected to reach a revised size of US$19.4 Billion by 2027, growing at a CAGR of 19.9% over the period 2020-2027.Physical Security, one of the segments analyzed in the report, is projected to grow at a 20.7% CAGR to reach US$14.6 Billion by the end of the analysis period.

After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cyber Security segment is readjusted to a revised 17.6% CAGR for the next 7-year period. This segment currently accounts for a 28.1% share of the global Utilities Security market.

The U.S. Accounts for Over 29.7% of Global Market Size in 2020, While China is Forecast to Grow at a 19.1% CAGR for the Period of 2020-2027

The Utilities Security market in the U.S. is estimated at US$1.6 Billion in the year 2020. The country currently accounts for a 29.67% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$3.3 Billion in the year 2027 trailing a CAGR of 19.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.8% and 17.1% respectively over the 2020-2027 period.

Within Europe, Germany is forecast to grow at approximately 14.6% CAGR while Rest of European market (as defined in the study) will reach US$3.3 Billion by the year 2027.We bring years of research experience to this 7th edition of our report. The 140-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others

  • Alien Vault, Inc.
  • Anixter International, Inc.
  • Axis Communications AB
  • Bosch Sicherheitssysteme GmbH
  • Cisco Systems, Inc.
  • Computer Science Corporation
  • G4S PLC
  • General Dynamics Corporation
  • General Electric Company
  • Honeywell Security Group
  • Johnson Controls International PLC
  • Northrop Grumman Corporation
  • Qognify
  • Siemens AG
  • Symantec Corporation

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Utilities Security Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 42

For more information about this report visit https://www.researchandmarkets.com/r/53yq49