Global Physical Security Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global physical security market in its upcoming report titled, “Global Physical Security Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global physical security market is estimated to register a CAGR around 10% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global physical security market report has been segmented on the basis of type, industrial vertical, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Physical security protects hardware, software, data, and networks against physical events and actions, that could cause damage or loss to an organization or institution. It protects organizations from fire, vandalism, and theft for which it uses multiple layers of interdependent systems which includes security guards, protective barriers, CCTV surveillance, locks, access control protocols, etc.
Increasing focus towards physical security owing to factors such as increasing adoption of Internet of Things (IoT) and cloud-based data storages, technological advancements in video surveillance, and rising spending on security of critical infrastructure by various organizations are major factors expected to drive growth of the global market over the forecast period.
In addition, increasing preference towards logical security which includes threat management, breach detection, and intrusion prevention is another factor expected to further fuel growth of the target market. Furthermore, increasing infrastructural development through smart cities provides higher safety to citizens as well monitor activities is another factor expected to boost growth of this market in the near future. Moreover, growing technological advancements such as adoption of access control systems along with availability of cost-effective systems are other factors expected to propel growth of the target market over the forecast period.
However, lack of physical & logical security integration and privacy concerns are the major factors expected to restrain growth of the global market over the forecast period.
Ongoing trend observed in the target market is increasing adoption of physical safety to reduce crime or breaches through theft and fire, this trend is expected to continue over the forecast period.
Technological advancements and innovative product development for security are expected to create potential revenue opportunities for players operating in the target market over the forecast period.
The market in North America is expected to dominate the target market in terms of revenue over the forecast period, owing to increasing need for security against terrorist activities, technological advancements in security systems in various countries in this region. The market in Asia Pacific is expected to register significant share in terms of revenue over the forecast period, owing to increasing government initiatives towards safety and rising investments by SMEs and large enterprises in security solutions in various countries in this region.
Global physical security market segmentation:
Segmentation by type:
- Access Control
- Video surveillance
- Physical Security Information Management
- Perimeter Intrusion Detection & Prevention
- Security Scanning, Imaging & Metal Detection
- Fire & Life Safety
- System Integration
- Maintenance & Support
- Designing & Consulting
Segmentation by industrial vertical:
- Government, Defense & Public Sector
- Transportation & Logistics
- Telecom & IT
- Banking, Financial services and Insurance (BFSI)
- Oil, Gas & Energy
- Hospitality & Residential
- Others (Healthcare, Chemical, Manufacturing, and Utilities)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Honeywell International Inc.
- Johnson Control International Plc
- Robert Bosch GmbH
- The ADT Corporation
- Anixter International Inc.
- Tyco International PLC.
- Cisco Systems, Inc.
- Genetec Inc.
- Stanley Security Solutions, Inc.
Request for TOC
Why Choose Us
- 360 Degree Approach
- Growth Consulting
- 24/7 Research Support
- Comprehensive-Level of Customization
- Comprehensive-Level of Customization
- Competitive Intelligence
- Single-Country/ Region Intelligence
- Post-Sale Service Assistance
- Access to Lead Analysts
- Available in PDF, Excel, Word/ PPT
Request for Customization
Don't just take our word. We are trusted by these great companies!