Market Highlights
The study reveals that physical security is trending in North America region. The physical security market is driven by the innovation and advancements in security systems to make more advanced and cost effective security systems. A recent trend in IoT and smart technologies is boosting the physical security market.
The study indicates that the increasing security concerns against the terrorist attacks and illegal activities is a key driver for Physical Security Market. The study indicates a trend of high usage of UHD video surveillance, SSDs & HDD and IP networking for physical security. The study reveals that the combination of logical and physical security solution results as a limitation to the physical security market.
The physical security market is growing rapidly over 10% of CAGR and is expected to reach at USD ~120 billion by the end of forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Physical Security Market Research Report -Forecast to 2022”.
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Industry Updates
As noted in March 2019, IT integrators are entering the physical security market to provide advanced security services.
Key Players
The prominent players in the physical security market are – Cisco Systems, Inc. (U.S.), Anixter International Inc. (U.S.), Tyco International Plc (Ireland), Bosch Security Systems, Inc. (Germany), ADT Corporation (U.S.), Genetec Inc. (Canada), Honeywell International, Inc. (U.S.), Pelco (U.S.), Stanley Security (U.S.), Senstar Corporation (Canada), among others
Segmental Analysis
The global physical security market is segmented by type, industry, and region. Physical security market by type, into System and Service. Sub-segments under system are access control protocols, biometric systems, locks, video surveillance, physical security information management, security, scanning, metal detection, and fire & life safety. Sub-segments under service are maintenance & support, designing & consulting, system integration. Physical security market by industry is segmented into defense & public sector, government, transportation & logistics, IT & telecom, BFSI, education, retail, oil, gas & energy, hospitality, and others. The global physical security market is segmented by region, into North America, Europe, Asia Pacific, and the rest of the world.
Access control segment is considered to be the fastest growing segment in the physical security market in the forecast period. Its growth can be contributed to factors such as the rise in industrialization and security breaches. Video surveillance also has a high demand in commercial, financial, infrastructural and institutional sectors due to its ability to monitor, reduce and deter illegal activities
The services segment is estimated to drive the market forward owing to initiation of advancement in technology as well as infrastructure in developing countries, which has created a rise in the demand for additional security services.
Regional Analysis
North America has the leading the global physical security market and initiatives taken by the government against terrorist attacks and illegal immigration are essential factors driving the market in this region. The presence of key players of the global physical security market also adds value to the regional market share. Asia Pacific region is predicted to show fast and substantial growth, owing to the economic growth in developing countries, introduction of regulatory reforms by government and rise in investments by SMEs and leading enterprises in security solutions. Maximum progress is expected from countries like China, Japan, and South Korea during the forecast period.
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Intended Audience
- Software investors
- Security solution vendors
- Physical Security service providers
- Value-added Resellers
- Distributers
- Investors and Venture Capitalist
- Security Management Service Provider
- Security Equipment Providers
- Security Agencies
- System Integrators
- Research/Consultancy firms
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