Physical Security Market

Physical security means protection of hardware, software and data against any physical event which can cause potentially damage to the organization. It is used to protect organization from natural disasters such as theft, accidents and others. All government and business operations face new and complicated security challenges across various operations. The government of various countries have increased spending on physical security due to rise in terrorism and security concerns. The two primary concerns of physical security include prevention and protection serving the security interests of people, equipment, and property. The need for securing critical infrastructure combined with real-time response systems has emerged as the major concern for governments and organizations..

The Global Physical Security Market is estimated to account for US$ 817.1 Mn in terms of value by the end of 2030.

Market Dynamics

The adoption of advanced technologies such as the internet of things (IoT) is also expected to drive market growth over the forecast period. Nowadays companies have a large amount of data and it becomes difficult to handle a more complex system. Cyber-attacks are increasing due to connectivity through the usage of big data, cloud, social media, and other mobile services. Increasing the adoption of social media, cloud, and many other applications have increased the insider threat into the networks and provide significant loss to the IT industries. Companies such as Akamai Technologies has launched a Cloud Edge platform that is designed to secure delivery of data to connected devices and in-application messaging. According to IoT Analytics Research, approximately 22,000 million connected devices will deliver data across the Internet by 2020. Billions of application instances will send trillions of messages and it becomes challenging for businesses to protect sensitive data. This increases the demand for physical security.

Increased investment in infrastructure is expected to drive global physical security market growth over the forecast period. The investment in global infrastructure has been on a rise in the recent past. Currently, there is a need to expand and replace existing infrastructure including global energy infrastructure and public sectors such as airports, roads, railways, and communication networks. Furthermore, major sports events held during the forecast period are expected to drive the demand for physical security products. Therefore, such factors are expected to propel the global physical security market growth in the near future..

Key features of the study:

• This report provides an in-depth analysis of the global physical security market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global physical security market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered in the global physical security market are Axis Communications AB, VidSys Inc., Bosch Security Systems Inc., EMC Corporation, Morpho SA, Tyco International Ltd, HikVision Digital Technology Co., Ltd., Assa AB, Genetec Inc., Honeywell Security Group, Cisco Systems Inc., and Pelco Inc.
• The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The global physical security market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global physical security market.

Detailed Segmentation

• Global Physical Security Market, By Components:
  • Hardware
    • Intrusion detection and prevention
    • Access control
    • Others
  • Software
    • Physical Security Information Management (PSIM)
    • Management Analysis and Modeling Software
  • Services
    • Video Surveillance as a Service (VSaaS)
    • Remote Management Services
    • Technical Support
    • Public Safety Answering Point (PSAP)
    • Security Consulting
    • Public Alert and Warning System
    • Others
• Global Physical Security Market, By Application:
  • Transportation and Logistics
  • Government and Public Sector
  • Control Centers
  • Utilities/ Energy Markets
  • Chemical Facilities
  • Industrial
  • Retail
  • Business organizations
  • Hospitality and casinos
  • Others
•  Global Physical Security Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Company Profiles
  • Axis Communications AB *
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
  • VidSys Inc.
  • Bosch Security Systems Inc.
  • EMC Corporation
  •  Morpho SA
  •  Tyco International Ltd.
  • HikVision Digital Technology Co., Ltd.
  • Assa AB
  • Genetec Inc.
  • Honeywell Security Group
  • Cisco Systems Inc.
  • Pelco Inc.

“*” marked represents similar segmentation in other categories in the respective section.