North America held the largest share of the security control room market

[166 Pages Report] The security control room market is expected to grow from USD 6.71 Billion in 2017 to USD 10.00 Billion by 2023, at a CAGR of 6.80% during the forecast period. This report provides the market size and future growth potential of the security control room market across different segments such as offering, application, vertical, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and challenges for the security control room market. This report also profiles the key players operating in the market. The base year considered for the study is 2017, and the market size forecast is provided for the period between 2018 and 2023.

This report covers the security control room market based on offering, application, vertical, and geography. The security control room market for services offering is expected to grow at the highest CAGR between 2018 and 2023. The services offerings, including installation, managed services, and maintenance and support services, are an integral part of a control room and are able to work effectively in a critical working environment.

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The security control room market for industrial safety applications is expected to grow at the highest CAGR between 2018 and 2023. Industrial safety applications are evolving at a high rate as these are chiefly used in manufacturing plants such as oil & gas and nuclear plants. Along with the growing industrialization worldwide, the need for industrial safety systems is increasing to protect human resources, industrial machinery, and manufacturing plants, in case any process goes beyond the allowed control margins. A control room in industrial safety plays a critical role as it has to deal with critical operations taking place in a controlled environment.

The security control room market in APAC is expected to grow at the highest CAGR between 2018 and 2023. The emerging economies such as China and India are witnessing unparalleled growth in security control room and other countries such as Taiwan, Indonesia, Singapore, and Malaysia have been exhibiting positive growth in this market. Increasing developments in the field of transportation, communication, public infrastructure, and construction are expected to create demand for public safety and control rooms.

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