Security Control Room Market Analysis

Security Control Room Market Analysis

The display segment held 15% of the market share in 2021 and is poised to witness 6.5% growth rate through 2028. The industry expansion is credited to the increased usage of high-quality display solutions in various control centers such as traffic control centers and emergency operation centers. These centers require ultra-sharp and vivid image exposures to efficiently interpret the visual data in mission-critical situations.

Several industry participants are focusing on the development of innovative display solutions to address application-specific requirements, which will drive the demand for security control room solutions in the coming years.

The industrial safety segment in the security control room market accounted for 30% of revenue share in 2021 and is predicted to expand at more than 5% CAGR till 2028. The market demand is being led by an increase in situational awareness to establish a safe & secure work environment in industrial plants. Governments are making efforts to promote the adoption of automation technologies that ensure worker safety.
 

The utility & telecom segment captured 20% of the security control room market share in 2021 and is estimated to attain a CAGR of 8% by 2028. The industry progression is attributed to the rising usage of big data visualization technology to accurately monitor mission-critical situations in power plants. Various utilities, such as energy firms and water or wastewater treatment plants, deploy Supervisory Control and Data Acquisition (SCADA) system to collect and analyze data in real-time. The insights and findings received from the system allow a security control room operator to monitor and control operations effectively. Several power utility companies are focusing on strategic partnerships with security control room solution providers to monitor plant operations.
 

North America security control room market held over 35% of revenue share in 2021 and is slated to register growth of 7% during 2021 to 2028. The industry value is driven by rising government initiatives and investment activities to support the telecom infrastructure development in rural & remote regions. For instance, in August 2021, the Canadian government partnered with Telestat Lightspeed, a telecom company, to establish a high-speed internet network infrastructure in the rural regions of the country. The government will invest USD 1.44 billion to provide LTE and 5G networks with broadband internet connectivity in Canada by 2030. Such initiatives will require the establishment of network security control room solutions to ensure undisturbed and optimal network performance, further boosting the industry revenue.