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The global physical security market is projected to exhibit a CAGR of over 8% during the forecast period, growing from $ 83 million in 2018 to $ 136 million by 2024, on account of increasing incidents of terror attacks. Physical security refers to security measures designed for the protection or prevention of unauthorized access to equipment, facilities or resources and other properties from damage and unauthorized physical access. Physical security involves the use of multiple layers which include video surveillance and access control, so as to protect resources. Technological advancements, increasing implementation of mobile based access control and growing deployment of wireless technology in security systems are expected to drive the global physical security market in coming years.
The physical security market can be segmented based on the component and end-user. Based on the component, the market can be segmented into hardware, software and services. The hardware segment accounted for the largest market share, on the back of growing deployment of security systems across various end-users. Video surveillance is the leading segment in the hardware component and the segment is poised to grow at a high rate during the forecast period, owing to rising implementation of video surveillance systems such as camera, monitor and storage devices in various verticals.
North America dominated the global physical security market in 2018 and the region is expected to maintain its leading position during the forecast period as well, on account of the growing need for safety against increasing criminal activities and technological developments, in addition to preventing illegal immigration. Moreover, the presence of leading players in the region is likely to positively impact the market. Over the coming years, the physical security market in Asia-Pacific is anticipated to register strong growth, owing to increasing development activities in economies such as China and India.
Major players operating in the global physical security market are Hikvision Digital Technology Co., Ltd., Johnson Controls International plc, Robert Bosch GmbH, ADT LLC, and Honeywell International Inc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. In the end of 2018, Johnson Controls introduced the next generation of INTEVO integrated security platform. The COMPACT and INTEVO integrated security platforms were upgraded with better processors, improved graphics and additional IP camera licenses.
Years considered for this report:
- Historical Years: 2014-2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2020-2024
Objective of the Study:
- To analyze and forecast the global physical security market size.
- To classify and forecast the global physical security market based on component, end-user and regional distribution.
- To identify drivers and challenges for the global physical security market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global physical security market.
- To conduct the pricing analysis for the global physical security market.
- To identify and analyze the profile of leading players operating in the global physical security market
Key Target Audience:
- Physical Security service providers
- Security and intelligence service providers
- Research organizations and consulting companies
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to physical security
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as service providers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, the global physical security market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Component:
Hardware
- Video Surveillance
- Access Control
- Intrusion Detection
- Others
Software
- Video Management Software
- Video Analytics Software
- Others
Services
- System Integration
- Remote Monitoring
- Video Surveillance as a Service
- Access Control as a Service
Market, by End-User:
- Government
- Retail
- BFSI
- Transportation
- IT & Telecom
- Others
Market, by Region:
North America
- United States
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Russia
- Spain
Asia-Pacific
- China
- Japan
- Singapore
- India
- Australia
Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Qatar
South America
- Brazil
- Colombia
- Argentina
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global physical security market.
Please note: With the Enterprise license, the PDF product is printable and editable and comes with a market data excel sheet.
Table of Contents
1. Product Overview2. Research Methodology3. Executive Summary
Companies Mentioned
A selection of companies mentioned in this report includes:
- ADT LLC
- Anixter International Inc.
- Cisco Systems, Inc.
- G4S plc
- Genetec
- Hikvision Digital Technology Co. Ltd
- Honeywell International Inc.
- Johnson Controls International plc
- Robert Bosch GmbH
- Secom Co., Ltd