Market Outlook : Physical Security Market in the Retail Sector Market Globally Grow at a CAGR of 6.67% by Revenue During the Period 2017-2020

ALBANY, NY, April 12, 2017 : The global retail market will grow significantly during the forecast period, driven by the discount, dollar store, food, and service retail concepts. Restaurants will be the strongest category in terms of overall unit growth among all retail concepts. The demand for physical security deployments will increase in line with the significant growth in the global retail industry. Retail stores face many challenges such as theft and inventory shrinkage, which lead to decreased profits. Retail surveillance using network video solutions such as IP cameras will help protect the business. By preventing crime, retailers can reduce losses and create a safer environment for staff and customers.

Technavios analysts forecast the global physical security market in retail sector to grow at a CAGR of 6.67% during the period 2016-2020.

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Covered in this report
The report covers the present scenario and the growth prospects of the global physical security market in retail sector for 2016-2020. This report provides a list of vendors that are active in providing physical security in the retail sector across the globe. Vendors are identified based on their product features, geographical presence, customer base, and product portfolio.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Physical Security Market in Retail Sector 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Axis Communications
Bosch Security Systems
Checkpoint Systems
Crossmatch
Honeywell Security
Tyco Security

Other prominent vendors
ADT Security Systems (acquired by Apollo Global Management in June 2016)
A2 Systems
ALL-TAG Security Americas
Anixter
ASSA ABLOY
AxxonSoft
Delphi
FLIR Systems
Gallagher
Genetec
Hikvision Digital
Intergraph
Ketec
Lenel Systems
Nedap
NetVersant
NortekSecurity (acquired by Melrose Industries and Nevada Corp in July 2016)
Panasonic
S2 Security Corporation
Salient Systems
Samsung Techwin (named changed to Hanwha Techwin)
Siemens
videoNEXT

Market driver
Decline in prices of security products
For a full, detailed list, view our report

Market challenge
Non-uniform standards and certification procedures for manufacturing security solutions in Europe
For a full, detailed list, view our report

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Market trend
Increasing integration of video with other physical security
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.