Market size and forecast
The global “Commercial Security Market” will stretch out from 84 billion USD in 2018 to 167 billion USD in 2025. The terrorist threat, illegal activities, fraudulent activities, tension between countries, growing use of the internet, advancement in smartphone technology and government policies are some of the reasons for the rising demand for electronic security systems. Electronic security systems offer several advantages such as maintaining records for information, monitoring activities in residential and public areas, and helping governments against terrorism and external threats. They have a significant role to play in military and defence systems of a country.