|By Business Wire||
|April 30, 2014 05:40 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/stvspl/electronic) has announced the addition of the "Electronic Security Products Market in the US 2014-2018" report to their offering.
One of the major trends emerging in the Electronic Security Products market in the US is rapid technological advancements. Continual technological advancement in this market has led to an increase in the applications of biometric readers in various end-user segments. In addition, electronic security product vendors are able to deliver high-quality output to customers. The rate of change and technological advancement in the Electronic Security Products market in the US is very fast and this has resulted in the development of advanced and highly accurate security products. Therefore, end-users can completely rely on the products.
According to the report, one of the main factors is growing security concerns in the Government sector. As a result of the rising frequency of attacks in this sector, government organizations are implementing electronic security products that help monitor and provide enhanced protection. There has been a substantial increase in both the intensity and occurrence of security attacks, issues, and threats, leading to an increased number of thefts, robberies, and terrorist attacks in the Government sector. Therefore, to curb such breaches in security and eliminate attacks, there has been an increase in the adoption of electronic security products.
Further, the report states that one of the key challenges faced by the vendors in this market is the high cost of implementation. Despite potential benefits associated with electronic security products, certain organizations are refraining from investing in them, primarily because of their high costs. Also, there are certain hidden costs involved in the maintenance of these products, making end-users hesitant to adopt them. This in turn is affecting the growth of the Electronic Security Products market in the US.
- Bosch Security Systems Inc.
- Honeywell International Inc.
- Ingersoll-Rand plc
- Tyco International Ltd.
Other Prominent Vendors
- Cisco Systems Inc.
- Electronic Security Products Inc.
- Johnson Controls Inc.
- Stanley Black & Decker Inc.
- United Technologies Corp.
For more information visit http://www.researchandmarkets.com/research/stvspl/electronic
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