Guard Tour System Market By Type (Web-based, Local network client-server, Desktop), By Patrol System (Wand Guard Patrol System, Cloud Guard Petrol System), By Functionality (Real-time Data Delivery, Offline), By End-user (Security Companies, Educational Institutes, Real Estate Organizations, Public Transport Services, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
Guard Tour System Market Outlook
The global guard tour system market size was valued at USD 220.1 Million in 2019 and is projected to reach USD 273.3 Million by 2027, expanding at a CAGR of 3.9% during the forecast period. A guard tour system tracks security tours, which helps organizations and companies to log, organize and execute guard tours and patrols in their assets.
The guard tour systems market is segmented on the basis of types, patrol systems, Functionality, end-users, and regions. Rising demand for security fuels the growth of the market.
Guard Tour System Market Dynamics
The market is driven by factors such as rise in the use of real-time tracking, integration of technology, rising security breaches and sophisticated attacks across enterprises and countries, increasing adoption of guard tour systems in emerging countries. Conversely, high costs of guard tour systems and lack of awareness among consumers are key restraints of this market. Increasing adoption of cloud-based systems and rising adoption of surveillance systems is an opportunity for manufacturer.
Guard Tour System Market Segment Insights
Types Segment Analysis
On the basis of types, the guard tour system market is segmented into web-based versions, local network client-server, and desktop. The web-based system segment is estimated to hold a large share of the market during the forecast period due to the ease of access to the data and security of the data.
The web based system is also used for connecting with the other systems, which are present at other locations, and also collects data through the multiple devices and locations and stores in a cloud based system, which can be accessed anywhere. Therefore the segment is anticipated to expand at high CAGR of 4.1% during the forecast period.
Web-based services are used for tracking and analyzing data, using a software. The system uses combination of advanced technologies such as Internet of Things (IoT) for analyzing the data. The IoT connects devices that are used for managing and tracking the activities in different locations.
It provides access to information of the activities of the guards, present in several location, which is one of the major advantage for this system. Increasing access to the Internet is one of the major factors propelling the demand for web-based systems.
The local network is one of the methods for analyzing and tracking changes in the guard tour systems. The network uses hardware and software for collection data. This helps in determining threats and monitoring potential threats. It connects with the VPN software, which is used for communicating information. This also allows to connect with the main office of the network center.
The guard security tour system is installed on the desktop. The collected data is transferred to desktop, using devices. The data is analyzed and monitored after gaining access to the desktop at the main location. However, a person cannot access the information on other devices or applications.
Patrol Systems Segment Analysis
Based on patrol systems, the guard tour systems market is segmented into wand guard patrol systems (handheld devices) and cloud guard patrol system (Mobile & Cloud Technology). The cloud guard patrol system (mobile & cloud technology) segment is anticipated to expand at a CAGR of 4.1% due to the use of mobile & cloud-based technology, for tracking and analyzing data, using mobile application.
The wand guard patrol systems (handheld devices) segment is anticipated to constitute 50.8% share of the market by 2027 due to the increasing demand for patrolling, growing number of threats, and rising security concerns.
Functionality Segment Analysis
In terms of Functionality, the market is segregated into real-time data delivery and offline. The real-time data delivery segment accounts for a major share of the market and is anticipated to expand at a high CAGR during the forecast period.
The real-time data delivery systems segment is projected to constitute 1/5 share of the market by 2027, as these systems provide access to the data in real-time and help in monitoring the activities of the security personnel, thus fueling the segment.
End User Segment Analysis
On the basis of end-users, the guard tour systems market is segmented into security companies, educational institutes, real estate organization, public transport services, and others. The security companies segment is projected to constitute 1/3 share of the market by 2027, due to the increasing demand for security services and rising number of security breaches.
Based on End-User, Security companies provide services such as the installation and maintenance of electronic security products. These companies provide services such as patrolling services and security guards to organizations and private institutes to prevent security breaches and unauthorized activities. Increase in awareness regarding safety among customers is fueling the growth of the market.
Educational Institutes: Educational institutes are vulnerable to several attacks, which is one of the major factors for the use of guard tour systems. The use of the security devices, ensures safety on the premises, thus fueling market growth. The guard tour systems provide real-time data that helps monitor and track activities. These systems are used for monitoring the movements of the staff and the children in-real time.
Real Estate Organizations: Real estate organizations are prone to several intrusions and threats. This has led to the adoption of guard tour systems to determine potential threats. These systems track movements; thereby gathering information in the monitored areas.
Public Transport Services: Public transport services employ security services to provide security to the passengers. Security devices detect the possibility of the potential offenders using these services, thus creating a safe environment for passengers. Moreover, the safety of the passengers is a major concern, which has led to the adoption of the guard tour systems. These systems are embedded with alarms that alert the authorities.
Others: The others segment includes residential complexes and healthcare departments such as hospitals and retail stores, hotels, remote locations, malls, and other places such as finance institutes where regular checking at selected locations are required.
These services are used for collecting data at these locations. The collected data is transferred to the servers, thus helping to analyze monitor threats. Moreover, the systems provide access to the data collected at various locations.
Regional Analysis
In terms of regions, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Europe is a promising region for the market. It constituted 1/3 share of the market in 2019. The market in the Asia Pacific, is projected to expand at a CAGR of xx% during the forecast period, between 2020 and 2027.
The demand for guard tour systems from end-users industries, such as security companies, educational institutes, real estate organizations, and public transport services, is expected to rise during the forecast period, between 2020 and 2027. The market in North America is projected to expand at a CAGR of xx% due to the increased demand for guard tour systems in security companies, educational institutes, real estate organizations, public transport services, in this region.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Guard Tour System Market
- Historical, Current and Projected Market Size in terms of Value
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Guard Tour System Market Performance
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Guard Tour Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Guard Tour Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Guard Tour Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Guard Tour Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Guard Tour Systems Market Size & Forecast, 2017-2027
4.5.1 Guard Tour Systems Market Size and Y-o-Y Growth
4.5.2 Guard Tour Systems Market Absolute $ Opportunity
Chapter 5 Global Guard Tour Systems Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Guard Tour Systems Market Size Forecast By Type
5.2.1 Web-based
5.2.2 Local network client-server
5.2.3 Desktop
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Guard Tour Systems Market Analysis and Forecast By Patrol System
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Patrol System
6.1.2 Basis Point Share (BPS) Analysis By Patrol System
6.1.3 Absolute $ Opportunity Assessment By Patrol System
6.2 Guard Tour Systems Market Size Forecast By Patrol System
6.2.1 Wand Guard Patrol System
6.2.2 Cloud Guard Patrol System
6.3 Market Attractiveness Analysis By Patrol System
Chapter 7 Global Guard Tour Systems Market Analysis and Forecast By Functionality
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By Functionality
7.1.2 Basis Point Share (BPS) Analysis By Functionality
7.1.3 Absolute $ Opportunity Assessment By Functionality
7.2 Guard Tour Systems Market Size Forecast By Functionality
7.2.1 Real-time Data Delivery
7.2.2 Offline
7.3 Market Attractiveness Analysis By Functionality
Chapter 8 Global Guard Tour Systems Market Analysis and Forecast By End-User
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities By End-User
8.1.2 Basis Point Share (BPS) Analysis By End-User
8.1.3 Absolute $ Opportunity Assessment By End-User
8.2 Guard Tour Systems Market Size Forecast By End-User
8.2.1 Security Companies
8.2.2 Educational Institutes
8.2.3 Real Estate Organization
8.2.4 Public Transport Services
8.2.5 Others
8.3 Market Attractiveness Analysis By End-User
Chapter 9 Global Guard Tour Systems Market Analysis and Forecast by Region
9.1 Introduction
9.1.1 Key Market Trends & Growth Opportunities by Region
9.1.2 Basis Point Share (BPS) Analysis by Region
9.1.3 Absolute $ Opportunity Assessment by Region
9.2 Guard Tour Systems Market Size Forecast by Region
9.2.1 North America
9.2.2 Europe
9.2.3 Asia Pacific
9.2.4 Latin America
9.2.5 Middle East & Africa (MEA)
9.3 Market Attractiveness Analysis by Region
Chapter 10 Coronavirus Disease (COVID-19) Impact
10.1 Introduction
10.2 Current & Future Impact Analysis
10.3 Economic Impact Analysis
10.4 Government Policies
10.5 Investment Scenario
Chapter 11 North America Guard Tour Systems Market Analysis and Forecast
11.1 Introduction
11.2 North America Guard Tour Systems Market Size Forecast by Country
11.2.1 U.S.
11.2.2 Canada
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 North America Guard Tour Systems Market Size Forecast By Type
11.6.1 Web-based
11.6.2 Local network client-server
11.6.3 Desktop
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 North America Guard Tour Systems Market Size Forecast By Patrol System
11.10.1 Wand Guard Patrol System
11.10.2 Cloud Guard Patrol System
11.11 Basis Point Share (BPS) Analysis By Patrol System
11.12 Absolute $ Opportunity Assessment By Patrol System
11.13 Market Attractiveness Analysis By Patrol System
11.14 North America Guard Tour Systems Market Size Forecast By Functionality
11.14.1 Real-time Data Delivery
11.14.2 Offline
11.15 Basis Point Share (BPS) Analysis By Functionality
11.16 Absolute $ Opportunity Assessment By Functionality
11.17 Market Attractiveness Analysis By Functionality
11.18 North America Guard Tour Systems Market Size Forecast By End-User
11.18.1 Security Companies
11.18.2 Educational Institutes
11.18.3 Real Estate Organization
11.18.4 Public Transport Services
11.18.5 Others
11.19 Basis Point Share (BPS) Analysis By End-User
11.20 Absolute $ Opportunity Assessment By End-User
11.21 Market Attractiveness Analysis By End-User
Chapter 12 Europe Guard Tour Systems Market Analysis and Forecast
12.1 Introduction
12.2 Europe Guard Tour Systems Market Size Forecast by Country
12.2.1 Germany
12.2.2 France
12.2.3 Italy
12.2.4 U.K.
12.2.5 Spain
12.2.6 Russia
12.2.7 Rest of Europe
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Europe Guard Tour Systems Market Size Forecast By Type
12.6.1 Web-based
12.6.2 Local network client-server
12.6.3 Desktop
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Europe Guard Tour Systems Market Size Forecast By Patrol System
12.10.1 Wand Guard Patrol System
12.10.2 Cloud Guard Patrol System
12.11 Basis Point Share (BPS) Analysis By Patrol System
12.12 Absolute $ Opportunity Assessment By Patrol System
12.13 Market Attractiveness Analysis By Patrol System
12.14 Europe Guard Tour Systems Market Size Forecast By Functionality
12.14.1 Real-time Data Delivery
12.14.2 Offline
12.15 Basis Point Share (BPS) Analysis By Functionality
12.16 Absolute $ Opportunity Assessment By Functionality
12.17 Market Attractiveness Analysis By Functionality
12.18 Europe Guard Tour Systems Market Size Forecast By End-User
12.18.1 Security Companies
12.18.2 Educational Institutes
12.18.3 Real Estate Organization
12.18.4 Public Transport Services
12.18.5 Others
12.19 Basis Point Share (BPS) Analysis By End-User
12.20 Absolute $ Opportunity Assessment By End-User
12.21 Market Attractiveness Analysis By End-User
Chapter 13 Asia Pacific Guard Tour Systems Market Analysis and Forecast
13.1 Introduction
13.2 Asia Pacific Guard Tour Systems Market Size Forecast by Country
13.2.1 China
13.2.2 Japan
13.2.3 South Korea
13.2.4 India
13.2.5 Australia
13.2.6 South East Asia (SEA)
13.2.7 Rest of Asia Pacific (APAC)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Asia Pacific Guard Tour Systems Market Size Forecast By Type
13.6.1 Web-based
13.6.2 Local network client-server
13.6.3 Desktop
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Asia Pacific Guard Tour Systems Market Size Forecast By Patrol System
13.10.1 Wand Guard Patrol System
13.10.2 Cloud Guard Patrol System
13.11 Basis Point Share (BPS) Analysis By Patrol System
13.12 Absolute $ Opportunity Assessment By Patrol System
13.13 Market Attractiveness Analysis By Patrol System
13.14 Asia Pacific Guard Tour Systems Market Size Forecast By Functionality
13.14.1 Real-time Data Delivery
13.14.2 Offline
13.15 Basis Point Share (BPS) Analysis By Functionality
13.16 Absolute $ Opportunity Assessment By Functionality
13.17 Market Attractiveness Analysis By Functionality
13.18 Asia Pacific Guard Tour Systems Market Size Forecast By End-User
13.18.1 Security Companies
13.18.2 Educational Institutes
13.18.3 Real Estate Organization
13.18.4 Public Transport Services
13.18.5 Others
13.19 Basis Point Share (BPS) Analysis By End-User
13.20 Absolute $ Opportunity Assessment By End-User
13.21 Market Attractiveness Analysis By End-User
Chapter 14 Latin America Guard Tour Systems Market Analysis and Forecast
14.1 Introduction
14.2 Latin America Guard Tour Systems Market Size Forecast by Country
14.2.1 Brazil
14.2.2 Mexico
14.2.3 Rest of Latin America (LATAM)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Latin America Guard Tour Systems Market Size Forecast By Type
14.6.1 Web-based
14.6.2 Local network client-server
14.6.3 Desktop
14.7 Basis Point Share (BPS) Analysis By Type
14.8 Absolute $ Opportunity Assessment By Type
14.9 Market Attractiveness Analysis By Type
14.10 Latin America Guard Tour Systems Market Size Forecast By Patrol System
14.10.1 Wand Guard Patrol System
14.10.2 Cloud Guard Patrol System
14.11 Basis Point Share (BPS) Analysis By Patrol System
14.12 Absolute $ Opportunity Assessment By Patrol System
14.13 Market Attractiveness Analysis By Patrol System
14.14 Latin America Guard Tour Systems Market Size Forecast By Functionality
14.14.1 Real-time Data Delivery
14.14.2 Offline
14.15 Basis Point Share (BPS) Analysis By Functionality
14.16 Absolute $ Opportunity Assessment By Functionality
14.17 Market Attractiveness Analysis By Functionality
14.18 Latin America Guard Tour Systems Market Size Forecast By End-User
14.18.1 Security Companies
14.18.2 Educational Institutes
14.18.3 Real Estate Organization
14.18.4 Public Transport Services
14.18.5 Others
14.19 Basis Point Share (BPS) Analysis By End-User
14.20 Absolute $ Opportunity Assessment By End-User
14.21 Market Attractiveness Analysis By End-User
Chapter 15 Middle East & Africa (MEA) Guard Tour Systems Market Analysis and Forecast
15.1 Introduction
15.2 Middle East & Africa (MEA) Guard Tour Systems Market Size Forecast by Country
15.2.1 Saudi Arabia
15.2.2 South Africa
15.2.3 UAE
15.2.4 Rest of Middle East & Africa (MEA)
15.3 Basis Point Share (BPS) Analysis by Country
15.4 Absolute $ Opportunity Assessment by Country
15.5 Market Attractiveness Analysis by Country
15.6 Middle East & Africa (MEA) Guard Tour Systems Market Size Forecast By Type
15.6.1 Web-based
15.6.2 Local network client-server
15.6.3 Desktop
15.7 Basis Point Share (BPS) Analysis By Type
15.8 Absolute $ Opportunity Assessment By Type
15.9 Market Attractiveness Analysis By Type
15.10 Middle East & Africa (MEA) Guard Tour Systems Market Size Forecast By Patrol System
15.10.1 Wand Guard Patrol System
15.10.2 Cloud Guard Patrol System
15.11 Basis Point Share (BPS) Analysis By Patrol System
15.12 Absolute $ Opportunity Assessment By Patrol System
15.13 Market Attractiveness Analysis By Patrol System
15.14 Middle East & Africa (MEA) Guard Tour Systems Market Size Forecast By Functionality
15.14.1 Real-time Data Delivery
15.14.2 Offline
15.15 Basis Point Share (BPS) Analysis By Functionality
15.16 Absolute $ Opportunity Assessment By Functionality
15.17 Market Attractiveness Analysis By Functionality
15.18 Middle East & Africa (MEA) Guard Tour Systems Market Size Forecast By End-User
15.18.1 Security Companies
15.18.2 Educational Institutes
15.18.3 Real Estate Organization
15.18.4 Public Transport Services
15.18.5 Others
15.19 Basis Point Share (BPS) Analysis By End-User
15.20 Absolute $ Opportunity Assessment By End-User
15.21 Market Attractiveness Analysis By End-User
Chapter 16 Competition Landscape
16.1 Guard Tour Systems Market: Competitive Dashboard
16.2 Global Guard Tour Systems Market: Market Share Analysis, 2019
16.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
16.3.1 Beijing Guodian NDT. Co.,Ltd
16.4.2 Beijing Landwell Electron Technology Co., Ltd
16.4.3 Blue Mobile Systems AB
16.4.4 COREDINATE GmbH
16.4.5 deister electronic Ltd.
16.4.6 Detex Corporation
16.4.7 DPRO Technology Sdn Bhd
16.4.8 EBS Ltd
16.4.9 EGT LTD
16.4.10 GALLAGHER GROUP LIMITED
16.4.11 Gallinet Ltd
16.4.12 Innovise
16.4.13 JM Prime Technologies Ltd
16.4.14 JWM Hi-Tech Development Co., Ltd
16.4.15 Kugadi Inc.
16.4.16 Morse Watchmans
16.4.17 NAM system a.s.
16.4.18 Omnigo Software
16.4.19 OnGuard
16.4.20 Oysta Technology
16.4.21 Promag Europe
16.4.22 RBH Security Group Ltd
16.4.23 S.A.V.V. Srl
16.4.24 Shenyang VSDIGITAL Technology Co., Ltd
16.4.25 Terracom S.A.
16.4.26 TimeKeeping Systems, Inc.
16.4.27 TOMST
16.4.28 TopSecu Technology Limited
16.4.29 Trackforce Valiant