According to a new market research report from MarketsandMarkets, the industrial security systems market is projected to be around $25 billion in 2014 and is expected to reach $38 billion by 2020, growing at a compound annual growth rate (CAGR) of 8.69%.

The market can be segmented on the basis of systems, end users, service, components, and geography.

The various systems covered in this report consist of video surveillance systems, access control systems, and intrusion detection systems.

Each of the systems is further classified into products. The video surveillance systems market is categorized into analog cameras, Internet Protocol / IP-cameras, closed-circuit television (CCTV) cameras, digital video recorders (DVRs), network video recorders (NVRs), video encoders, and surveillance software.

The access control systems market is classified into smart cards and readers, radio-frequency identification (RFID) tags, biometrics systems, Automatic Number Plate Recognition (ANPR/LPR) systems, vehicle tracking systems, automatic boom barriers, turnstiles, automatic swing gates, under-vehicle inspection systems, and electronic locks.

And the intrusion detection systems market consists of control panels, detectors, keypads, and accessories.

The report provides a deep-dive analysis of the industrial security systems market and highlights the key drivers, restraints, and challenges that prevail in the market.

It also provides an in-depth insight on the key market and technological trends.

A Porter’s Five Forces analysis of the market is incorporated in the report along with an opportunity analysis based on upcoming products and prospective growth regions.