Global Utilities Security Industry

Global Utilities Security Industry

  • April 2021 •
  • 140 pages •
  • Report ID: 5900474 •
  • Format: PDF
Abstract:
- Global Utilities Security Market to Reach $19.4 Billion by 2027
- 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 aCAGR of 19.9% over the period 2020-2027. Physical Security, one of the segments analyzed in the report, is projected to record 20.7% CAGR and 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.
- The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 19.1% CAGR
- The Utilities Security market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2027 trailing a CAGR of 19.1% over the analysis period 2020 to 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.

- Select Competitors (Total 42 Featured) -
  • 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