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The Worldwide Commercial Security System Industry is Expected to Reach $342.6 Billion by 2026
The Worldwide Commercial Security System Industry is Expected to Reach $342.6 Billion by 2026 | #Verdafero | The “Global Commercial #Security System #Market with COVID-19 Impact Analysis by Hardware (Fire Protection, Video Surveillance, Access Control), Service (System Integration, Remote Monitoring), Software, Vertical, and Geography – Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering (prnewswire).
The global commercial security system market is projected to grow from USD 223.9 billion in 2021 to USD 342.6 billion by 2026; it is estimated to grow at a CAGR of 8.9% during the forecast period.
Key factors contributing to the growth of the commercial security system market include the rising number of terrorist attacks and organized crimes across the world, growing construction industry, expanding adoption of IP cameras, accelerating implementation of stringent fire protection-related regulations, and rising adoption of IoT-based security systems powered by cloud computing platforms. (read more)