Global Physical Security Market Grows To USD ~120 Billion By 2022 At ~ 10% of CAGR

Market Research Future published a half Cooked research “Global Physical Security Market Research Report – Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2022

Global Physical Security Market, By Type (System, Service), By Industry (Education, Oil & Gas, Government, Retail, Hospitality, BFSI, Retail) – Forecast 2022

Physical Security Global Market – Overview

According to a recent study report published by the Market Research Future, The global market of Physical Security is projected to gain prominence over the forecast period due to the increasing terrorist activities threats Worldwide. The Market is forecasted to witness a phenomenal growth by 2022; with a striking CAGR during forecast period 2016-2022. The global Physical Security market is expected to grow at USD ~120 Billion by 2022, at ~10% of CAGR between 2016 and 2022.Technological advancement and increasing demand for effective and advance technology-based products is anticipated to boost the market size of Physical Security market.

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The study indicates that the physical security market is boosted by the increasing demand for security measures against terrorist attacks and for controlling the business assets. The study indicates that apart from these factors, increasing usage of IoT and development of smart transportation systems to track the location of automobiles is also driving the physical security market. The market for Physical Security grew with the IT revolutions.  The technological advancements are contributing to development of cost effective security systems which boosts the physical security market. The study indicates that the combination of logical and physical components of security is a challenge faced by the physical security market.

Physical Security describes the security measures that are designed to protect the property from any attacks and to cease unauthorized access. Physical security is a broad term which includes CCTV surveillance, security guards, protective barriers, locks, access control protocols, security scanning, metal detection and many other techniques.

Physical Security Global Market – Competitive Analysis

Characterized by the presence of several well-established and small players, the global Market of Physical Security appears to be highly fragmented and competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. The Key players operating in the market compete based on pricing, product launch, technology launch, reputation and services. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. These Manufactures strive to develop products with the adept technologies, unrivalled design and features. International players are entering in the emerging markets of developing economies such as India/China market to tap the growing opportunity.

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Key Players:

  • Cisco Systems, Inc. (U.S.)
  • Anixter International Inc. (U.S.)
  • Tyco International Plc (Ireland)
  • Bosch Security Systems, Inc. (Germany)
  • ADT Corporation (U.S.)
  • Genetec Inc. (Canada)
  • Honeywell International, Inc. (U.S.)
  • Pelco (U.S.)
  • Stanley Security (U.S.)
  • Senstar Corporation (Canada) 

The Physical SecurityMarket is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Type         : Comprises System, Service and other – Segment System is further segmented as Access Control protocols, Biometrics systems, Locks, Video Surveillance, Physical Security Information Management, Security Scanning, Metal Detection, Fire & Life Safety and Segment Service is segmented further in to Maintenance & Support, Designing & Consulting, System integration.

Segmentation by Industry   : Comprises Defence & Public Sector, Education, Oil & Gas Energy, Government, Retail, Hospitality, BFSI, Retail, Transportation & Logistics, and IT & Telecom.

Segmentation by Regions    : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

Physical Security Global Market – Synopsis

The security industry will continue its trends of offering more specific solutions to particular situations. In the end, End Users aren’t looking to buy hardware/software – what they really want is to reduce trespassing, or make sure only certain people can access the sensitive areas in the office, or keep track of potential threats in an airport. The convergence of hardware into end-to-end solutions will be able to address specific security problems. They will consist of high-performance cameras, storage and access controls tightly integrated with video management and analytics tools. This approach will be easier for customers to purchase, install and implement, while offering a great return on their investment.

While high quality video tape is a core feature of modern security cameras, ultimately that information needs to be assessed and analyzed before a decision can be made to respond to its content. The recent advances in camera technologies, such as thermal imaging and enhanced low-light capabilities have been significant steps forward. But in the end, they just generate more tape that needs to be watched/reviewed. The security industry has been working hard on video analytics software that can work in real time to help professionals make informed decisions. In 2017 new camera capabilities are combined with real-time analytics to address several security challenges, including facial recognition, forensic analysis and perimeter protection.

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Regional Analysis: 

The regional analysis of physical security market is being studied for region such as Asia Pacific, Americas, Europe and Rest of the World. Government initiatives against the terrorist attacks and illegal immigration has driven the market of physical security in North America. It has been observed that North America region is leading in physical security market. The study reveals that Asia-Pacific region is expected to show a positive growth in the physical security market during the forecast period. Asia-Pacific countries like China, Japan and South Korea have a fair share in the physical security market. 

Physical Security Global Market – Regional Analysis

The regional analysis of physical security market is being studied for region such as Asia Pacific, Americas, Europe and Rest of the World. Government initiatives against the terrorist attacks and illegal immigration has driven the market of physical security in North America. It has been observed that North America region is leading in physical security market. The study reveals that Asia-Pacific region is expected to show a positive growth in the physical security market during the forecast period. Asia-Pacific countries like China, Japan and South Korea have a fair share in the physical security market. 

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