The Asia Pacific Smart Security Market would witness market growth of 12.5% CAGR during the forecast period (2023-2030).
In public spaces and transportation hubs, these solutions are employed to manage traffic flow and monitor crowds. Intelligent traffic management systems use cameras and sensors to optimize traffic signals, reduce congestion, and enhance road safety. Similarly, surveillance systems help monitor and manage large gatherings in crowded areas efficiently. These solutions leverage biometric technologies for secure and convenient authentication. The accuracy and dependability of identity verification procedures are improved using biometric identifiers, like fingerprints, facial features, and iris patterns.
AI and ML technologies increasingly being integrated into these systems to enhance facial recognition, behavior analysis, and anomaly detection capabilities. The IoT plays an important role in these solutions, with smart cameras, sensors, and access control systems becoming interconnected. This connectivity allowed for real-time monitoring and remote access. Cloud-based security solutions gaining popularity due to their scalability, flexibility, and ease of remote management. Cloud platforms allow users to store and access data securely from anywhere. This included smart doorbell cameras, smart locks, and integrated home security systems.
According to the report titled Cities as Engines of Growth, published in 2022 by the Government of India, the population of urban areas in India is projected to have increased approximately fourfold, from 109 million in 1970 to 460 million in 2018. The country is projected to experience an additional 416 million inhabitants in its urban areas by 2050. Additionally, as per the State Council of China, urbanization has accelerated rapidly throughout China in recent years, with the National Bureau of Statistics estimating that the rate increased to 64.72 percent last year. As of the end of 2022, 914 million people were living in cities, an increase of 12.05 million from 2021. All these factors will uplift the regional market’s expansion in the coming years.
The China market dominated the Asia Pacific Smart Security Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $13,260.9 million by 2030. The Japan market is registering a CAGR of 11.7% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 13.1% during (2023 - 2030).
Based on Protocol, the market is segmented into Hybrid, Wireless Protocols, and Wired Protocols. Based on Type, the market is segmented into Intelligent Video Surveillance, Access Control Systems, Smart Intruder Alarms, and Others. Based on Application, the market is segmented into Commercial, Residential, and Industrial. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Smart Security Market is Predict to reach $135 Billion by 2030, at a CAGR of 12.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Alarm.com Holdings, Inc., Netgear, Inc., ADT, Inc., Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International, Inc., Johnson Controls International PLC, Samsung Electronics Co., Ltd. (Samsung Group), Amazon.com, Inc., Robert Bosch GmbH and Legrand Group
By Protocol
By Type
By Application
By Country
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