The is anticipated to grow at a higher pace during the forecast period, mainly due to a large number of vendors coming forward and offering electronic security systems to the federal, state and local government agencies throughout the US. The leading players are involved in designing, developing, installation, and maintenance of technically complex integrated electronic security systems for federal government customers. There are number of agencies and associations in the United States working for the development of security systems, such as, Department of Homeland Security (DHS), Department of Defense, Department of Transportation, Department of Health and Human Services, US States Security Licensing Guide, Department of Energy, National Security Agency (NSA), General Services Administration (GSA), and Electronic Security Association (ESA), among others.
The electronic security systems market players are experiencing significant demand for their products and solutions in recent years as the buyer’s base is at a constant rise. The buyers of electronic security systems include the Federal Government verticals. The demand for electronic security systems differs among end-users; for instance, the Department of Homeland Security (DHS) demands for access control systems such as biometrics systems, network management support service; intrusion detection system among other. Alike to DHS, the Department of Defense (DoD) also demands biometrics and intrusion detection, the DoD also procures card readers, video surveillance systems, electronic locks. On the other hand, the Department of Transportation (DoT) majorly adopts smart card readers and video surveillance cameras. The mixed demand for different system types is throttling the growth of the electronic security systems market. Pertaining to the factors as mentioned above, the bargaining power of buyers is expected to remain high throughout the forecast period.
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Strategic Insights
Mergers and acquisition and acquiring contracts are the two most prominent strategies adopted by companies to enhance the product portfolio and meet the growing demand. The players present in the electronic security systems market also adopt the strategy of expansion and investment in research and development to enlarge customer base in the US and worldwide, which also permits the players to maintain their brand name globally.
US Electronic security systems Market, by Product Type
- Video Surveillance Systems
- Camera
- Video Management
- IP Video Recording
- Alarming Systems
- Monitoring System
- Intrusion Detection System
- Perimeter Alarm System
- Access Control System
- Card Reader
- Biometrics
- Electronic Systems
US Electronic security systems Market, by Component
- Camera
- Monitor
- Storage Devices
- Software
- PSIM
- Identity Management
Electronic security systems Market – Company Profiles
- ADT
- BAE Systems
- Evergreen Fire and Security
- Honeywell International Inc.
- Surveillance Secure Inc.
- Integrated Security Technologies
- Johnson Controls
- KBR Inc.
- Leidos
- Lockheed Martin Corporation
- LVW Electronics
- MC Dean Inc.
- Mantech International Corporation
- Northrop Grumman Corporation
- Orion Security Systems
- Parsons Corporation
- Securitas Electronic Security, Incorporated.
- Science Application International Corporation
- Security Hunter
- Serco Inc.
- Siemens
- Split Pine Technologies, Inc.
- Stanley Convergent Security Solutions
- Xator Corporation
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