Southeast Asian Remote Building Security Solutions to Witness Massive Growth
Increasing digitalization is bolstering the transformational growth of the industry in the post-pandemic era
Research Overview
The remote building security solutions market in Southeast Asia is currently nascent. However, the COVID-19 pandemic has accelerated the need for remote monitoring solutions, boosting demand in this market. This demand, along with increasing manpower costs, favorable regulations in certain regions, and a shortage of skilled security forces, will help the market achieve a compound annual growth rate (CAGR) of 15.3% between 2021 and 2027. While Singapore is slightly ahead of other countries in Southeast Asia in terms of adoption rates, Malaysia and the Philippines will experience strong growth rates in the forecast period (2022 to 2027).
This study defines remote building security solutions as integrated security systems that manage multiple electronic building security systems from a single platform in a remote location. Such solutions are typically offered as subscription services by third-party security solution providers.
Revenues considered include hardware, software, and service revenues for remote building security solutions. The base year for the study is 2021.
Take your first step towards achieving growth-centric solutions with our
Growth Pipeline Dialog™. Speak to our industry experts in a complimentary open discussion that will spark innovative thinking and growth opportunities that will benefit your organization.