Security Control Room Market by Offering (Display, KVM Switch, Software, Services) worth 10.00 Billion USD by 2023
The growth of the security control room market can be attributed to government initiatives, modernized policies, and regulations to increase public security and safety worldwide, as well as the increasing need to keep an eye on criminal activities and forecast natural disasters to avoid huge losses.
The security control room market is expected to grow from USD 7.20 Billion in 2018 to USD 10.00 Billion by 2023, at a CAGR of 6.80% between 2018 and 2023
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The security control room ecosystem includes manufacturers and resellers such as ABB (Switzerland), Barco (Belgium), Black Box (US), Harris (US), Motorola Solutions (US), Tyler Technologies (US), Eizo Corporation (Japan), Zetron (US), TriTech Software Systems (US), Hexagon Safety & Infrastructure (US), Christie Digital Systems (US), Superion (US), Electrosonic (US), and SAIFOR Group (Spain).
The security control room market for services offering is expected to grow at the highest CAGR between 2018 and 2023
Control room technology has various service offerings including installation, managed services, and maintenance and support services. Efficient services are an integral part of a control room as well as being able to work effectively in a critical working environment. This is expected to drive the growth of services offering during the forecast period.
The market for the industrial safety application is expected to hold the largest share of the security control room market between 2018 and 2023
Industrial safety applications are evolving at a high rate as these are chiefly used in manufacturing plants such as oil & gas and nuclear plants. Along with the growing industrialization worldwide, the need for industrial safety systems is increasing to protect human resources, industrial machinery, an