North America Physical Security Market, By Component (Systems and 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 and Security Systems Integration Services), Organization Size (SMEs and Large Enterprises), Vertical (Banking, Financial Services and Insurance (BFSI), Government, Retail, Transportation, Residential, Telecom and Information Technology (IT) and Others), Country (U.S., Canada and Mexico) Industry Trends and Forecast to 2028
Surge in the adoption of advanced technologies such as artificial intelligence and block chain technology, growing need of resources and solutions that offer cost-effective and high-end security solutions and surging IT infrastructural development especially in the various developing regions of the world are the major factors attributable to the growth of the physical security market. Data Bridge Market Research analyses that the physical security market will exhibit a CAGR of 5.25% for the forecast period of 2021-2028.
From the name itself, it is clear that physical security is a set of systems and solutions that are designed to secure and protect the hardware, software, data, personnel, and networks against uncertainties, fraudulent trade activities, cyber-attacks and cyber threats. Physical security is a type of security service that utilizes multiple layers of interdependent systems to safeguards an organization’s intellectual properties.
Rising focus on the technological advancements in the security systems and growing proliferation of high speed internet will emerge as the major market growth driving factor. Surge in the application of physical security by the retail, banks, transportation, and hospitality industries across the globe, rising cases of false identity, cyber-attacks and data breaches, rapid digitization of the emerging economies and surge in the expenditure for research and development activities in regards to security solutions will further aggravate the growth of the market.
However, lack of skilled workforce and technological expertise in underdeveloped and developing economies will act as a growth restraint for the market. Lack of a strong IT infrastructure in developing and underdeveloped countries and requirement of high capacity storage for high-resolution images/videos and recordings will yet again hamper the market growth rate. Rising concerns related to the violation of privacy and device vulnerability will also hamper the market growth rate.
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 localised 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, geographical 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.
North America Physical Security Market Scope and Market Size
The physical security market is segmented on the basis of component, system type, service type, organization size and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- 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.
North America Physical Security Market Country Level Analysis
The physical security market is analysed 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 physical security market report are U.S., Canada and Mexico.
U.S. in North America dominates the physical security market and will continue to flourish its trend of dominance during the forecast period owing to the rising focus on technological advancements, early adoption of physical security solutions and the presence of several vendors that provide physical security systems.
The country section of the physical security market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 North America 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, global presence, production sites and facilities, production capacities, 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 physical security market.
The major players covered in the physical security report are ADT, Bosch Security Systems, Inc., Honeywell International, Inc., Pelco Corporate, G4S plc, Kastle system, Axis Communications AB, Johnson Controls, Bold Group, AxxonSoft., Qognify Ltd., CNL Software, STANLEY Convergent Security Solutions, Inc., HEXAGON, Network Harbor, Siemens, AlertEnterprise, Nanodems, ProTech Security, HID Global Corporation, Genetec Inc., Aventura Technologies, Inc., Saab AB among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : North America Physical Security Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.