What is the market size for the ?

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What is the CAGR for the ?

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What is the growth rate of the market?

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Which region held the largest market share in the market?

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Who are the prominent players in the market?

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Global Utilities Security Market 2016-2020

Q: What is the market size for the ?

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Q: What is the CAGR for the ?

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Q: What is the growth rate of the market?

. <a href='https://www.technavio.com/report/global-it-security-utilities-security-market'>Read More</a>

Q: Which region held the largest market share in the market?

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Q: Who are the prominent players in the market?

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Published: May 2016
Pages: 61
SKU: IRTNTR9229

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Outlook of the utilities security market

Technavio’s market research analysts have predicted the global utilities security market to grow steadily at a CAGR of more than 4% over the estimated period. Cloud-based enterprises are widely adopted by large companies and government organizations to ensure a safe and easy-to-access centralized system for data storage. Also, employees around the world can use cloud-based services to access large volumes of data without time and location constraints. Moreover, cloud-based services ensure lower cost of ownership along with easier and improved methods of managing the complexities involved with large data volumes. Therefore, the growing adoption of cloud-based services will propel the growth prospects of the utilities security market until the end of 2020.

In this industry research report, the analysts have estimated factors such as the shift from analog to IP cameras will spur the growth prospects of this market in the coming years. IP cameras are flexible, scalable, and easy to install, so they are slowly replacing analog cameras. Moreover, IP cameras have much lower installation, maintenance, and labor costs than that of analog cameras. These cameras can be easily integrated with the existing security devices and produces high-quality, sharp image. Also, IP cameras have the capability of image encryption as they have built-in servers or encoders which enable multi-level user access control, thereby preventing third-party manipulation. Therefore, the increasing adoption of IP cameras in utilities sector as they are cost-effective and have large area coverage will propel this market’s growth until the end of 2020.