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.
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 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.
The global physical security market is expected to grow at USD ~120 Billion by 2022, at ~10% of CAGR between 2016 and 2022.
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The prominent players in the physical security market are – 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), among others
The global physical security market has been segmented on the basis of type, industry and region.
Physical Security Market by Type:
- Access Control protocols
- Biometrics systems
- Video Surveillance
- Physical Security Information Management
- Security Scanning
- Metal Detection
- Fire & Life Safety
- Maintenance & Support
- Designing & Consulting
- System integration
Physical Security Market by Industry:
- Defense & Public Sector
- Transportation & Logistics
- IT & Telecom
- Oil, Gas & Energy
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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- 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
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