Global Physical Security Market – Industry Trends and Forecast to 2024

Market Analysis: Global Physical Security Market

The global physical security market accounted for USD 70.11 billion in 2016 growing at a CAGR of 11.01% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Definition: Global Physical Security Market

Physical Security information management has took place due to the increasing demand for centralized control and management of disparate devices among enterprises. It has been designed in order to ensure the physical protection of IT assets for instance equipment, personnel, and resources. These measures are taken in order to protect the assets from vandalism, natural disasters, or theft. It is widely applicable in government, defense & public sector, transportation & logistics, telecom & IT, banking, financial services, & insurance, education, retail, oil, gas & energy, hospitality & residential. Rise in incidences of terror attacks may act as a major driver in the growth of physical security market. On the other hand lack of cooperation among security solutions may hamper the market.

Major market drivers & restraints:

Rise in incidences of terror attacks
Increased usage of internet of things (IoT)
Need to protect business assets, employees, and customers
Limited use of advanced technologies
Lack of cooperation among security solutions

Market Segmentation: Global Physical Security Market

The global physical security market is segmented on the basis of type intosystem, and service. The system segment is further sub segmented into access control, video surveillance, physical security information management, perimeter intrusion detection & prevention, security scanning, imaging & metal detection, and fire & life safety. The access control segment is further sub segmented into biometrics, locks, smart card & readers, and access control as a service (ACAAS). The biometrics segment is further sub segmented into fingerprint recognition, face recognition, and others. The locks segment is further sub segmented into mechanical locks, and electronic locks. The video surveillance segment is further sub segmented into CCTV, IP video surveillance system, video analytics, and video surveillance as a service (VSAAS). The security scanning, imaging & metal detection segment is further sub segmented into metal detectors, x-ray screening, and electronic inspection tools. The service segment is further sub segmented into system integration, maintenance & support, and designing & consulting.

On the basis of vertical, the global physical security market is segmented into government, defense & public sector, transportation & logistics, telecom & IT, banking, financial services, and insurance, education, retail, oil, gas & energy, hospitality & residential, and others.

On the basis of geography, the global physical security market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Company Share Analysis: Global Physical Security Market

The report for physical security market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.

Major Market Competitors: Global Physical Security Market

Some of the major players of the global physical security market are Anixter Inc., Cisco, Johnson Controls, Bosch Sicherheitssysteme GmbH., ADT LLC, Genetec Inc., Honeywell International Inc., Pelco, Stanley Security Solutions, Inc., Senstar Corporation, and others.

Research Methodology: Global Physical Security Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. 

Global Physical Security Market – Industry Trends and Forecast to 2024

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