Market Share of Electronic Security Industry
The Electronic Security Market is highly competitive due to the presence of many large and regional players. The market players are adopting strategies like product innovation, partnerships, mergers, and acquisitions to extend their geographic reach and stay ahead of the competitors. Some of the major players in the market are Axis Communications AB, Bosch Security Systems Inc., Honeywell International Inc., Tyco Security Products, and Checkpoint Systems Inc., among others.
- In April 2022, Securden Inc., which offers solutions targeted at governance and access security, received USD 10.5 million in a Series A investment led by New York-based investment firm Tiger Global Management.
- In April 2022, Cyberlink Corp. announced an integration of its facial recognition security software, FaceMe Security, with Axis camera station. The end-to-end integration brought FaceMe's facial recognition functionalities to AXIS camera and VMS setups, fusing live stream monitoring and group tagging in a seamless solution.
Electronic Security Market Leaders
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Axis Communications AB
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Bosch Security Systems Inc.
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Honeywell International Inc.
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Tyco Security Products
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Checkpoint Systems Inc.
*Disclaimer: Major Players sorted in no particular order
