According to a new market research report published by Global Insight Services “Physical Security Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Physical security is the protection of people and property from physical harm. It includes the procedures and measures used to protect against fire, theft, vandalism, terrorism, and other physical threats. Physical security measures include locks, alarms, cameras, and guards.
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Key Players
The major players profiled in the global physical security market report include ADT Corporation, BAE Systems plc, Cisco Systems, Genetec Inc., Honeywell International Inc., Johnson Controls, PELCO Corporation, Robert Bosch GmbH, Stanley Convergent Security Solutions, Inc., and Senstar Corporation.
Key Trends
There are several key trends in physical security technology. One is the increasing use of biometrics. This includes fingerprint scanners, iris scanners, and facial recognition systems. These systems are used to identify individuals and to grant or deny access to buildings or other areas. In addition, the other trend is the use of video surveillance. This includes CCTV cameras and other video monitoring systems. These systems are used to deter crime and investigate incidents.
Another trend is the use of access control systems. These systems control who can enter a building or area and when they can enter. This can include electronic key cards, fingerprint scanners, and iris scanners. Finally, another trend is the use of security guards. These individuals can provide a physical presence to deter crime and respond to incidents.
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Key Drivers
Some of the key drivers of the physical security market include the increasing need for security, the growing number of terrorist attacks, and the increasing number of natural disasters. Other drivers include the increasing cost of security, the growing number of refugees, and the increasing number of people living in urban areas.
Key Market Segments
The global physical security market is segmented by component, organization size, industry vertical, and geography. By component, it is classified into systems and services. Based on systems type, it is bifurcated into physical access system, video surveillance system, physical security information management, and others. By service type, it is categorized into remote monitoring services, security system integration services, and others. Based on enterprise size, it is segregated into large enterprises, and small and medium enterprises (SMEs). By industry vertical, it is divided into BFSI, government, retail, transportation, residential, IT and Telecom, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and rest of the World.
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