Physical Security Market Size & Analysis – Forecasts To 2025

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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Physical Security
Market. Market Insights The global physical
security market is expected to grow at a
significant CAGR of more than 10 over the
forecast period. This growth is mainly attributed
to growing demand for physical security to
reduce risks associated with terror attacks,
burglaries, and fire. The rising adoption of
Internet of Things (IoT) and other cloud based
data storages is also likely to stimulate the
market for physical security. The increasing
adoption of logical security over conventional
methods such as badge readers, alarm systems and
door lock among others is expected to augment
market growth over the coming years. However,
challenges associated with integration of logical
and physical components of security are
projected to affect profitability.
Physical Security Market Type Insights On the
basis of type, the industry is segmented into
system and service. The system segment is
further segregated into access control, locks,
video surveillance, physical security information
management, perimeter intrusion detection
prevention, security scanning, imaging metal
detection, and fire life safety. The service
segment is segregated into system integration,
maintenance support and designing
consulting. The market for system integration
service is expected to occupy the highest share
owing to growing adoption of security strategies
by organisations globally. Moreover, increasing
application of cloud based solutions and other
technologies for data security is likely to boost
market growth.
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GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
The video surveillance segment under services is
projected to grow at a significant CAGR over the
coming years owing to rising safety concerns
coupled with increasing spending on counter
terrorism initiative. Increasing application of
video surveillance in the institutional and
commercial sectors is expected to reduce the
incidence of criminal activities. Physical
Security Market Vertical Insights On the basis
of vertical, the market is segmented into
government, defence public sector,
transportation logistics, telecom IT,
banking, financial services and insurance (BFSI),
education, retail, oil, gas energy, and
hospitality residential among others. The
residential segment is anticipated to record the
highest growth over the forecast period owing
toincreasing incidences of theft, fire, and
other attacks coupled with advancement in
technology such as video surveillance, rapid
intrusion system and smart access control among
others. The retail segment is projected to grow
significantly over the years on account of rising
adoption of physical security solutions to
prevent theft and harassment cases. The
transportation segment is also anticipated to
grow at a significant CAGR owing to increasing
adoption of physical security solutions such as
video surveillance in order to monitor traffic
conditions and avoid accidents. Physical
Security Market Regional Insights North America
occupied the largest share of this market since
the past few years. This can be attributed to
stringent government regulations towards safety
and security. Moreover, growing adoption of
physical security to reduce the risks associated
with terrorist and criminal activities is likely
to favor the market. Asia Pacific is also
expected to emerge as a key revenue generating
region. This can be associated with increasing
government support and investment in physical
security measures. Demand is expected to rise
from countries such as India, Australia, Japan
and China.
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GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
Physical Security Market Vendor Landscape The
report contains a chapter dedicated to vendors
operating in the market, covering raw material
manufactures, equipment developers,
manufacturers, and distributors. The report
provides these insights on a regional level.
This section of the report entails contact
details, experience, products manufactured/suppli
ed, and geographical presence of
companies. Physical Security Market End-Use
Landscape The end-use landscape entails a list
of current and prospective consumers prevailing
across the regions. This section provides
company addresses, contact details, products, and
regional presence of companies who are
purchasing or are likely to purchase physical
security over the coming years. Some leading
consumers of this market are Costco Wholesale
Corporation, Tesco PLC, Carrefour SA, Berkshire
Hathaway, and Allianz. Physical Security Market
Share Competitor Analysis Key players include
Bosch Security Systems Inc., Tyco International
PLC, ADT Corporation, Anixter International
Inc., Cisco Systems, Inc., Genetec Inc.,
Honeywell International, Inc, Senstar, and
Pelco. In January 2018, Cisco, the American
multinational technology conglomerate announced
acquiring Skyport, a privately-held server
security startup. Through this acquisition Cisco
will have access to seasoned software,
intellectual property, and network expertise of
Skyport so that it can accelerate priority areas
across multiple portfolios. In January 2018,
Hikvision USA, Inc., the world's largest
manufacturer of video surveillance products
solutions, and Eagle Eye Networks, a leading
global provider of cloud-based video surveillance
solutions announced a video surveillance
solution SB-507. The product combines Eagle
Eye's Cloud
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GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS

• Security Camera VMS and Hikvision IP cameras. The
  product also has a cyber-secure video highly
  resistant to being hacked, the video surveillance
  has restricted user permissions on a camera-by-
  camera basis.
• The report segments the Physical Security Market
  on the basis of By Type
• System (Access Control, Locks, Video
  Surveillance, Physical Security Information
  Management, Perimeter Intrusion Detection
  Prevention, Security Scanning, Imaging Metal
  Detection, Fire Life Safety)
• Service (System Integration, Maintenance
  Support, Designing Consulting)
• By Vertical
• Government
• Defence Public Sector
• Transportation Logistics
• Telecom IT
• BFSI
• Education

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GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS

• By Region
• North America
• Europe
• Asia Pacific
• Central South America
• Middle East Africa
• This article contains text from the Physical
  Security Market Size Analysis Forecasts To
  2025 report prepared by Global Market
  Estimates. For more information or to buy the
  report, please visit https//www.globalmarketest
  imates.com/physical-security-market/
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