Press release
Worldwide Physical Security Market to Soar at 14.9% CAGR thanks to Rising Adoption Biometric Access Control Segment
Transparency Market Research’s (TMR) new report, titled “Physical Security Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019”, offers key insights into the said market. According to this report, the global physical security market will expand at a healthy CAGR of 14.9% during the forecast period from 2013 to 2019. In 2012, the global physical security market was valued at more than US$48 bn and by 2019, the market’s value is projected to be more than US$125 bn.Component-wise, the global physical security market is divided into hardware and software. The key hardware segments of the global physical security market are intrusion detection and prevention, access control, and others. Among components, the video surveillance segment led the global physical security market in 2012 with a market share of 72%. In addition to this, the video surveillance segment is projected to expand at the highest CAGR during the forecast period. In the access control market, the biometric access control segment held the largest market share of nearly 38% in 2012.
Software-wise, the global physical security market is classified into management analysis and modeling software and physical security information management (PSIM).
Service-wise, the global physical security market is segmented into public alert and warning system, security consulting, public safety answering point (PSAP), technical support, remote management services, video surveillance as a service (VSaaS), and others. The VSaaS market is projected to expand at a marked CAGR of 18.1% till 2020.
Get More Information: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1611
Application-wise, the global physical security market is divided into transportation and logistics, hospitality and casinos, business organizations, retail, industrial, chemical facilities, utilities/energy, control centers, government and public sector, and others. The transportation and logistics segment dominated the global physical security market in 2012.
Geography-wise, the global physical security market is segmented into Asia Pacific, Europe, North America, and Rest of the World (RoW). North America dominated the global physical security market in 2012. On the other hand, Asia Pacific is projected to witness the highest growth, at a CAGR of 17% during the forecast period. The growing support from police forces and the government sector to advance security and prevent the frequent incidents of crime and terror attacks will fuel this regional market.
The global physical security market is driven by the growing security concerns around the world and the accelerating budget allocation for physical security by governments. Moreover, factors such as rising adoption of physical security systems in business organizations and growing demand for complex and effective security management products and solutions will also drive the global physical security market. On the other hand, the global physical security market will be restrained by device interoperability issues related to physical security systems.
Players in the global physical security market will tap into market opportunities such as growing awareness regarding smart cities, utilizing smart security and emerging technologies such as cloud. The key players operating in the global physical security market are Morpho SA, Honeywell Security Group, NICE Systems, Siemens AG, Assa Abloy AB, BM Corporation, McAfee, and EMC Corporation.
Another prominent trend that will shape the global physical security market is convergence. In the future, almost all physical security systems will rely on IT systems and networking protocols to support their operations. This growing convergence will bring flexibility in deployment of physical security and drive the global physical security market in the years to come.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Worldwide Physical Security Market to Soar at 14.9% CAGR thanks to Rising Adoption Biometric Access Control Segment here
News-ID: 402513 • Views: …
More Releases from TMR

Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,…