Security News Every Day
www. securityworldhotel.com
1 0 · d e t e k t o r i n t e r n a t i o n a l
security
technology market
Hadapsar, India
Hadapsar, India
Nottingham, UK
Drone market spawns anti-drone market
Managed security services market to grow to $35 B
Thermal imaging market set for growth
A new report
from Marketsand-
markets says that the anti-drone
market could be worth 1.14
billion USD by 2022 and is
expected to grow at a CAGR
of 23.89% between 2017 and
2022. Ironically and perhaps not
so surprisingly, it is the drone
market itself that is spawning the
growth of the anti-drone market,
as it is cited by the analysts to be
driven by factors such as increased
security breach incidences by
unidentified drones and increased
terrorism and illicit activities.
The electronics system market
is expected to grow at the highest
CAGR between 2017 and 2022.
The huge investment from key
players in electronics system-based
anti-drone system, low cost of deve-
lopment, and easily understandable
technology are the key drivers for
this growth.
The military and defense seg-
ment is expected to hold the major
share of market in 2016. The use of
drones for border trespassing and
smuggling has increased, resulting
into border security concern, and
is a key driver for the anti-drone
market in military and defense
segment. The military and defense
market is expected to grow between
2017 and 2022.
North America is expected to
capture the largest market share
in 2016. The APAC market is
expected to grow at the highest
CAGR in the anti-drone market.
Many of the countries considered
under APAC region are developing
countries, wherein, the number of
commercial places such as public
venues, critical infrastructures, and
private properties is increasing and
the public security at such com-
mercial places is a key driver for the
APAC market.
The managed security
services
market is predicted to grow from
USD 17.79 Billion in 2015 to
USD 35.53 Billion by 2020, at an
estimated CAGR of 14.8% from
2015 to 2020. according to a new
report by Marketsandmarkets. The
rise in cybercrime and threats, the
rising need to meet compliance
and data protection laws, security
staffing and budgeting constraints,
plus the increasing adoption of
cloud services are expected to
be the main drivers behind the
increased traction of this market.
Managed security services
provide a balanced approach for
maintaining compliance and en-
suring a proactive security stance
to an organisation's information
and other security needs.
The financial sector will show
the fastest growth rate over the
forecasted period, as the operating
environment of this sector has
changed significantly in terms
of technological advancements
and workflow processes in recent
times. There has been continuous
technological revolution in banks
and financial institutions in the
form of ATMs, core banking,
e-banking, and mobile banking.
As a result this sector of industry
is facing unique challenges of
increasing information security
threats, and growing compliance
requirements. Managed security
services help the financial sector
with service security solutions and
technologies such as firewalls, in-
trusion detection systems (IDSs),
virtual private networks (VPNs),
and vulnerability assessment tools
managed and monitored by skilled
security professionals. Hence, the
bank and other financial institu-
tions are investing at a good rate in
security services to maintain their
competence.
In terms of geography, North
America is expected to have the
largest market size in the managed
security services market mainly
due to high spending on IT secu-
rity with increase in advancements
in technologies, such as cloud
computing, big data, mobility
services, and growing apps stores
across the U.S. and Canada. Ho-
wever, it is the Asia-Pacific region
that analysts cite as likely to grow
with the highest CAGR from
2015 to 2020.
The global
thermal imaging
market is expected to grow at the
CAGR of 9.2% during 20152022
and it estimated to be $11.2 bil-
lion by 2022, according to a new
report published by market research
company Brisk Insights, based in
Nottingham, UK.
Analysts found that the
global thermal imaging market
is majorly driven by a rise in the
refractory material industry and
huge investment is expected to
boost the market over the next few
years. The major factor driving
the thermal imaging market is the
rising demand for thermal cameras
in smartphone and commercial
purposes.
Global adoption of thermal
imaging in developed and emerging
economies has created huge scope
in the market. End user demand
for such requirements as surveil-
lance, surveys, radiology, threat
detection, personal vision, fire
fighting and so on is creating huge
scope for the players in the global
thermal imaging market.
In terms of regions it is pre-
dicted that the thermal imaging
market by application will have
the highest CAGR over the period
2015-2022 in the APAC region.
The most common reason why
companies are entering the market
is the significant increase in adop-
tion of thermal imaging cameras
and the growing and wide ranging
variety of applications.
The end users, in this market,
such as military and defense, com-
mercial and so on are enabling the
companies to explore the potential
and as a result there is significant
rise in revenues compared to those
of the past. This kind of develop-
ment according to the researchers
will enable the global thermal ima-
ging market to attract other major
players to enter the market over the
coming years. Emerging economies
such as India, China, Japan and
Korea are expected to contribute
significantly in the next few years.
The report segments the thermal
imaging market on the basis of
application, end user and geo-
graphy. The major sector being the
end user segment which includes
military, defense and commercial.
On a regional scale, globally,
North America dominates this
market with high investments
from manufacturers due to gro-
wing demand. However, North
America is expected to contribute
more than 55% market share fol-
lowed by Europe and APAC. Both
the regions are expected to create
significant opportunities for the
growth of the market during the
forecasted years. Growing demand
for thermal imaging products in
emerging economies are the major
drivers.
One size
fits none
The best choice is the most choice. At Genetec
TM
, we understand
that, which is why our software is flexible, allowing you to
incorporate hardware from whomever, whenever, to create
a system that meets your needs, not ours. Whether you're
a coffee shop, commercial bank or a sprawling city, you want
to maintain your independence. We understand that too.
Visit us at genetec.com/fits to find out why Genetec
TM
fits
© G
e
n
e
t
e
c I
n
c
.
, 2
0
1
6
. T
M t
r
a
d
e
m
a
r
k o
f G
e
n
e
t
e
c I
n
c
.
genetec.com/fits
It is the drone market itself that is
spawning the growth of the anti-drone
market.
Det INT 2_16.indd 10
2016-04-12 15:03