JOHNSON CONTROL, ADT INC., HONEYWELL INTERNATIONAL INC., AND BAE SYSTEMS – PROMINENT MARKET PARTICIPANTS IN THE US ELECTRONIC SECURITY SYSTEMS MARKET
The federal government plays a vital role in the trend and growth of the US electronic security systems market. The companies offering security system products have to comply with the laws and regulations formed. The federal government has passed various acts for keeping an eye on the workings and maintaining the security of the individuals, such as Computer Fraud and Abuse Act of 1986 (18 USC 1030), National Policy for the Security of National Security Telecommunications and Information Systems (NSTISSC), and Federal Information Security Management Act (FISMA), among others. In Minnesota, as per the Data Security Laws, it is required that the state agencies shall establish cybersecurity guidelines, policies, and standards. It is also necessary to install and administer state data security systems on the state’s computer facilities, and shall ensure the integrity of computer-based and other data and provide applicable limitations on access to data. Such laws are anticipated to drive the demand for electronic security systems in the US.
The prominent market players in the US electronic security systems market Johnson Control, ADT Inc., Honeywell International Inc., and BAE Systems among others. Market leaders are involved in taking up various market initiatives such as mergers and partnerships, product innovations by implementing advanced technologies, and funding to maintain brand name in the US. For instance, in 2019, ADT acquired Georgia based Critical Systems, the acquisition would help the company to deepen its product offering and might help to serve customers in Atlanta and surrounding regions. Similarly, in 2019 Securityhunter, Inc. introduced security support Pro. Security support Pro is telephone and email support service for electronic support systems.
Many well-known, as well as small local companies, are present in the market to provide electroni security systems to their customers. The established firms are adopting the strategy of partnerships, contractual alliances for the deployment of electronic security systems to enhance their customer portfolio and expand footprint in different geographies. Some of the market initiatives from the market are mentioned below:
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Year |
News |
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2019 |
Securitas acquired Fredon Security, founded in 2012 as a division within Fredon Group, an Australian engineering and building services company. Fredon Security is focused in high-end electronic security solutions including system design, engineering, installation, commissioning and maintenance. The acquisition of Fredon Security puts us in a position of strength in delivering quality electronic security services to their clients. |
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2018 |
STANLEY Security, broadened its alarm verification offerings with STANLEY’s Thermal Perimeter Detection, a solution that offers a reinforced layer of identification and verification protection against intrusion, theft and damage in outdoor spaces with the use of thermal sensors and intelligent analytics.. |
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2017 |
LVW Electronics was awarded a five-year task order-based contract to provide electronic security and other systems support to the US Army Corps. |
