Global Physical Security Market, By Component (Systems, Services), Systems Type (Physical Access Control System (PACS), Video Surveillance System, Perimeter Intrusion Detection and Prevention, Physical Security Information Management (PSIM), Physical Identity and Access Management (PIAM), Security Scanning, Imaging, and Metal Detection, Fire and Life Safety), Service Type (Access Control as a Service (ACaaS), Video Surveillance as a Service (VSaaS), Remote Monitoring Services, Security Systems Integration Services), organization size (SMEs, Large Enterprises), Vertical (Banking, Financial Services and Insurance (BFSI), Government, Retail, Transportation, Residential, Telecom and Information Technology (IT), Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The physical security market is expected to witness market growth at a rate of 5.85% in the forecast period of 2021 to 2028. Data Bridge Market Research report on the physical security market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. Rapid digitization is escalating the growth of the physical security market.
Physical security refers to the type of security service that assists in protecting data, software, hardware, personnel and networks from physical actions and an incident that may significantly harm the enterprise or any agency. It incorporates protection from the fireplace, flood, burglary, theft, natural disasters and vandalism, and terrorism.
The surge in the incidents of terror attacks across the globe acts as one of the major factors driving the growth of the physical security market. The rise in the focus on improving physical security for organizations and identifying potential threats and high use in various end-use industries such as retail, banks, transportation, and hospitality for a different set of security purposes accelerates the market growth. The increase in technological advancements and deployment of wireless technology in security systems and the rise in IP-based cameras for video surveillance further influence the market. Additionally, rapid digitization, implementation of mobile-based access control, rise in need to ensure compliance with industry regulations and Adoption of IoT-based security systems with cloud computing platforms positively affect the physical security market. Furthermore, use of AI to boost surveillance and adoption of “as a service” model extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, the requirement of high capacity storage for high-resolution images/videos and recordings and complications with the integration of logical and physical components of security systems are expected to obstruct the market growth. Concerns regarding Violation of privacy and device vulnerability and chances of systems being hacked are projected to challenge the physical security market in the forecast period of 2021-2028.
This physical security market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on physical security market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Physical Security Market Scope and Market Size
The physical security market segmented on the basis of component, system type, service type, organization size and vertical. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the physical security market is segmented into systems and services.
- On the basis of system type, the physical security market is segmented into physical access control system (PACS), video surveillance system, perimeter intrusion detection and prevention, physical security information management (PSIM), physical identity and access management (PIAM), security scanning, imaging, and metal detection and fire and life safety.
- On the basis of service type, the physical security market is segmented into access control as a service (ACaaS), video surveillance as a service (VSaaS), remote monitoring services, and security systems integration services.
- On the basis of organization size, the physical security market is segmented into SMEs and large enterprises.
- On the basis of vertical, the physical security market is segmented into banking, financial services and insurance (BFSI), government, retail, transportation, residential, telecom, and information technology (IT) and others.
Global Physical Security Market Country Level Analysis
The physical security market is analyzed and market size, volume information is provided by country, component, system type, service type, organization size and vertical as referenced above.
The countries covered in the global physical security market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the physical security market due to the strong economic growth, regulatory reforms, and rising investments by SMEs within the region. Asia-Pacific is expected to witness the fastest growth because of the increasing demand for smart security solutions across India and China.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Physical Security Market Share Analysis
The physical security market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the physical security market.
The major players covered in the physical security market report are ADT, Bosch Sicherheitssysteme GmbH, Cisco, Honeywell International Inc., Johnson Controls, Anixter Inc., Genetec Inc., SECOM Plc., G4S plc, Schneider Electric, Dahua Technology Co., Ltd, Hangzhou Hikvision Digital Technology Co.,Ltd., Stanley Black & Decker, Inc., Axis Communications AB., ICTS INTERNATIONAL N.V., KBR Inc., Prosegur, Corps Security (UK) Ltd, Chubb Fire & Security Group, Securitas AB, Alion Science and Technology Corporation, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Physical Security Market
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