Global Physical Security Equipment Market to Account for over US$ 60,000 Mn Revenues by 2022-end

An insightful study, titled “Physical Security Equipment Market: North America will Remain Dominant in the Market: Global Industry Analysis (2012 – 2016) & Opportunity Assessment (2017 – 2022)” has been freshly broadcasted to the vast research repository of Market Research Reports Search Engine (MRRSE). This 170 page research study provides detailed comprehensions and forecasts future growth of the global market with an in-depth study of the factors impacting revenue growth throughout the mentioned forecast period. Further, a deep analysis on the major players from diverse regions is also present in the report.

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Physical security equipment are used for protection of sensitive sites and buildings against any damage or physical attack. Physical security equipment help in several aspects of building protection such as network infrastructure, entrance control, intruder detection, access control, and video surveillance of a site.

Physical security equipment have become imperative for various institutions across the globe owing to the surge in threats associated with physical attacks and damage. Different organizations from various end-use sectors such as BFSI, healthcare, education, manufacturing, government, residential, retail, utilities & energy, commercial and transportation seek adoption of physical security equipment for ensuring safety of their personnel and property. There has been a rise in threats related to terrorism around the world, which in turn has led several governments and organizations to invest in advanced and latest security solutions to ensure safety of their physical sites and the people who work there. In addition, the rise in espionage and thefts, especially in commercial buildings and banking sector, have further fuelled the demand for physical security equipment.

The global physical security equipment market is fragmented in nature, with several small- and large-scale vendors competing to gain larger share of the market. The physical security equipment providers are focusing on offering highly-efficient and innovative security solutions, along with customized security services to sustain their market presence. They are also offering integrated security systems for ensuring optimum security solutions. Moreover, major players in the market have started adopting strategies such as M&A, acquiring niche companies for increasing their product portfolio.

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The global market for physical security equipment has been projected to register at a double-digit CAGR over the forecast period (2017-2022), by a latest study of Market Research Reports Search Engine (MRRSE). MRRSE’s report estimates the global physical security equipment market to account for over US$ 60,000 Mn revenues by 2022-end.

Emergence of thermal cameras is a major trend being observed in the market. As thermal cameras utilise infrared radiation for capturing images, and are heat & water resistant, they are ideal for monitoring large-scale/unique outdoor environments. Governments across the globe are providing funds to various institutions and critical infrastructures for buying efficient surveillance equipment. In addition, organisations that need sophisticated security systems for ensuring safety of their data, are adopting data analytics and cloud-based data storages.

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