Global Physical Security Market size is projected to be valued $148 Billion by 2024; with a CAGR of 9.8% from 2017 to 2025. Physical security technological shifts comprise video displays, distributed public address environment integrated with smart devices, ubiquitous sensors, video analytics, and power access system. Increasing security concerns towards network, cloud based security system which includes different services such as, IoT (Internet of things), and electronic security would show an increased growth trend for the market.
Increased utilization of internet of Things (IoT), increase in terror attack incidences, need to guard business assets, employees, and customers, growing expenditure on security of important infrastructure such as government headquarters, airports, banks, trade centers, data centers, and enterprise facilities, advanced technology along with cost effective security systems are boosting the growth of the global physical security market. However, lack of interaction between security solutions and restricted utilization of advanced technologies may hinder the growth of the market. Furthermore, technological advancements in video surveillance and current development of smart cities might provide with several growth opportunities in the forecasted years.
The global physical security market is categorized into type, industry vertical and geography. By type, the market is segmented into systems and services. The system segment is further bifurcated into access control, video surveillance, physical security information management, perimeter intrusion detection & prevention, security scanning, imaging & metal detection, and fire & life safety. Services are sub-segmented as system integration, maintenance & support, designing & consulting. By industry vertical, the segmentation are government, defense & public sector, BFSI, education, retail, telecom & IT, oil, gas & energy, transportation & logistics, hospitality & residential, and others.
By geography, the market has been bifurcated into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers UK, Germany, France Italy, and others. Asia-Pacific covers China, Japan, India, South Korea, and others. RoW covers South America, Middle East, and Africa.
The key companies operating in this market include Pelco, Anixter International Inc., Cisco Systems, Stanley Security Solutions Limited, ADT Corporation, Senstar Corporation, Bosch Security Systems, Inc., Tyco International Plc., Honeywell International, Inc., and Genetec Inc., among others.
The report covers
The detailed analysis of Physical Security Market with respect to key segments such as type and industry vertical has been included in the report
The report comprises the qualitative and quantitative analysis of the market with market estimation over 2016 – 2025 and CAGR between 2017 and 2025
Comprehensive analysis of market dynamics including growth factors, restraining factors and opportunities will be provided in the report
An exhaustive regional and country wise analysis of Physical Security Market has been covered in the report
Profile of the major key players operating in the Physical Security Market will be provided, with detailed study on their key financials, product & services, new developments and business strategies
Scope of the Global Physical Security Market
Smart Card and Readers
IP Video Surveillance
Physical Security Information Management
Perimeter Intrusion Detection & Prevention
Security Scanning, Imaging & Metal Detection
Electronic Inspection Tools
Fire & life Safety
Maintenance & Support
Designing & Consulting
Industry Vertical Segments
Government, Defense & Public Sector
Telecom & IT
Oil, Gas & Energy
Transportation & Logistics
Hospitality & Residential
Other Industry Verticals