Risk and Opportunity Assessment with Regional Analysis and Segmentation By Type (System, Service), By Industry (Education, Oil & Gas, Government, Retail, Hospitality, BFSI, Retail) – Forecast 2022
Physical security refers to various security measures undertaken and designed to protect a property from any potential attacks and to prevent any unauthorized access. It is a broad concept that includes protective barriers, locks, CCTV surveillance, metal detection, security guards, access control protocols, security scanning, and other techniques.
The global physical security market was analyzed by Market Research Future (MRFR) and it was projected that a noteworthy CAGR of 10% will be attained by the market over the forecast period of 2016 to 2022. The valuation of the physical security market was further stated to surpass its previous valuation to reach a projected figure of USD 120 Billion by the end of the forecast period.
Key Players Observed in Physical Security Market Research Report are-
Bosch Security Systems, Inc. (Germany), ADT Corporation (U.S.), Cisco Systems, Inc. (U.S.), Anixter International Inc. (U.S.), Honeywell International, Inc. (U.S.), Tyco International Plc (Ireland), Senstar Corporation (Canada), Genetec Inc. (Canada), Pelco (U.S.), Stanley Security (U.S.), and others
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The global physical security market is on a constant rise and is expected to remain the same in the coming years as per MRFR. The global market is driven by the rising demand for security measures and techniques against prevalent terrorist attacks and for controlling the assets of business. The study of the market reveals that the increasing adoption of IoT and the development of various smart transportation systems for tracking down the location of automobiles is also pushing the global market towards a positive direction. Additionally, technologically advancements are also majorly contributing to the overall development of cost-effective security systems. On the flip side, it was reported that the combination of physical and logical components of security can pose to be a major challenge for the global physical security market.
July 2019, globally leading supplier of metallized foil-based solutions, Kurz announced that it will introducing the world’s leading security solution for protecting government banknotes and documents, named KINEGRAM, at the Tech in Gov Expo.
- Software investors
- Security solution vendors
- Physical Security service providers
- Value-added Resellers
- Investors and Venture Capitalist
- Security Management Service Provider
- Security Equipment Providers
- Security Agencies
- System Integrators
- Research/Consultancy firms
The global Physical Security Market has been segmented in terms of type and industry.
By type, the market divides into systems and services. The systems segment is broken down into locks, access control protocols, video surveillance, biometrics systems, metal detection, metal detection, fire & life safety, security scanning, and others. The services segment is narrowed down into Designing & Consulting, Maintenance & Support, and System integration.
By Industry, the market includes government, IT & telecom, defense & public sector, retail, transportation & logistics, oil, gas & energy, hospitality, education, BFSI, and others.
The global physical security market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
The North American region led the global physical security market back in 2018. The region is projected to maintain its stay at the top over the forecast period as well. This is because MSPs are allowing companies to outsource their security services, thereby enabling companies to reduce their operation costs spent in security measures. Additoonally, the presence of a vast pool of companies in North America is also pushing the growth of the market in this region. Also, needless to mention that the increasing efforts from the government herein to curb down and prevent terrorist attacks and illegal immigration is also accelerating the overall growth of the regional market.
Elsewhere, Asia Pacific is expected to grow at a decent pace to be one of the key regions in the global physical security market. The growth of the regional market is due to the rising investments in security solutions and services by SMEs and large enterprises, regulatory reforms, and surging economic growth. Herein, countries like China and India are majorly contributing to the welfare of the Asia Pacific physical security market.
Study Objectives of Physical Security Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the physical security market.
- To provide insights about factors affecting the market growth.
- To analyze the physical security market based porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment on the basis of type, industry and region.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the physical security
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Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
1.3.1 Global Physical Security Market: by Type
1.3.2 Global Physical Security Market: by Industry
1.3.3 Global Physical Security Market: by Region
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
2.4.3 Market Crackdown & Data Triangulation
3 Market Dynamics
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
4 Executive Summary
5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.2 Supply Chain Analysis
List of Tables
Table 1 Physical Security Market, by Type
Table 2 Physical Security Market, by Industry
Table 3 Physical Security Market, by Regions
Table 4 North America Physical Security Market, by Type
Table 5 North America Physical Security Market, by Industry
Table 6 U.s. Physical Security Market, by Type
Table 7 U.s. Physical Security Market, by Industry
List of Figures
Figure 1 Research Type
Figure 2 Physical Security Market: by Type (%)
Figure 3 Physical Security Market: by Industry (%)
Figure 4 Physical Security Market: by Region
Figure 5 North America Physical Security Market, by Type (%)
Figure 6 North America Physical Security Market, by Industry (%)
Figure 7 Europe Physical Security Market, by Type (%)
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