Physical Security Market 2019 Global Leaders Analysis: ADT Corporation, Honeywell International, Pelco, Stanley Security, Senstar, Cisco Systems

Market Research Future published a research report on “Global Physical Security Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Market Overview:

Physical security defines the security measures that are designed to protect the property from any attacks and to terminate unauthorized access. Physical security is a wide-ranging term which includes CCTV surveillance, protective barriers, access control protocols, security guards, locks, security scanning, metal detection, and other techniques.

According to Market Research Future, the global Physical Security Market has improved by the increasing demand for security measures against terrorism and for controlling the commercial assets. In addition to these factors, growing usage of IoT and development of smart transportation systems to trace the location of automobiles is also driving the physical security market. The overall rise in security breaches is urging companies to shift from a traditional security system to an advanced logical security system. The technological progress is contributing to the development of cost-effective security systems that are in demand globally, boosting the physical security market. The amalgamation of logical and physical components of security is a challenge faced by the physical security market. The increasing implementation of cloud computing solutions in organizations, increasing automation, and integrated approach in the business process is projected to trigger the application of system integration solutions, subsequently driving the market forward.

The global physical security market is assessed to grow at USD ~120 Billion by 2022, at ~10% of CAGR between the forecast period of 2016 and 2022.

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Key Players

The prominent players in the physical security market are – Cisco Systems, Inc. (U.S.), Anixter International Inc. (U.S.), Tyco International Plc (Ireland), Bosch Security Systems, Inc. (Germany), ADT Corporation (U.S.), Genetec Inc. (Canada), Honeywell International, Inc. (U.S.), Pelco (U.S.), Stanley Security (U.S.), Senstar Corporation (Canada), among others

Physical Security Market Segmentation

The physical security market has been segmented on the basis of type, industry and region. Looking through the industry segment it has been observed that retail sector has shown a substantial increase in physical security market and holds the largest market share. The study indicates that the other sectors like transportation and logistics would show a positive growth in the physical security market.

Market Research Analysis:

On geographic basis, physical security market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of World. It has been observed that North America region is leading in the physical security market. North America is expected to grow with a high rate as well as hold the largest market share in the physical security market. In the North America region due to the political changes there has been a major focus onto the security concerns against the terrorist activities. Many technological advancements and strict government rules are being passed in the North America region for the illegal immigration and other illegal activities. The study shows that European region has a positive growth in the physical security market. The developing economies in Asia-Pacific regions like China, Japan and others are showing high adoption in the physical security systems.

Industry Updates

As noted in March 2019, IT integrators are entering the physical security market to provide advanced security services.

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Intended Audience

Software investors
Security solution vendors
Physical Security service providers
Value-added Resellers
Distributers
Investors and Venture Capitalist
Security Management Service Provider
Security Equipment Providers
Security Agencies
System Integrators
Research/Consultancy firms

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This release was published on openPR.