Physical Security Market Showing Impressive Growth : Bosch Sicherheitssysteme GmbH., ADT LLC, Genetec Inc., Honeywell International Inc., Pelco, Stanley Security Solutions
The global physical security market size is estimated at USD 404.14 billion by 2028 and it is expected to register a substantial CAGR of 9.9%. Factors, such as increased spending on security to protect critical assets of organizations and rapid adoption of cloud-based data storage advanced analytics and technological developments in access control and video surveillance is projected to boost the market growth.
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Major Physical Security Market Competitors:
Some of the major players of the global physical security market are Anixter Inc., Cisco, Johnson Controls, Bosch Sicherheitssysteme GmbH., ADT LLC, Genetec Inc., Honeywell International Inc., Pelco, Stanley Security Solutions, Inc., Senstar Corporation, and others.
Physical Security information management has took place due to the increasing demand for centralized control and management of disparate devices among enterprises. It has been designed in order to ensure the physical protection of IT assets for instance equipment, personnel, and resources. These measures are taken in order to protect the assets from vandalism, natural disasters, or theft. It is widely applicable in government, defense & public sector, transportation & logistics, telecom & IT, banking, financial services, & insurance, education, retail, oil, gas & energy, hospitality & residential. Rise in incidences of terror attacks may act as a major driver in the growth of physical security market. On the other hand lack of cooperation among security solutions may hamper the market.
Major Physical Security Market Drivers & Restraints:
Rise in incidences of terror attacks
Increased usage of internet of things (IoT)
Need to protect business assets, employees, and customers
Limited use of advanced technologies
Lack of cooperation among security solutions
Physical Security Market Segmentation: Global Physical Security Market
The global physical security market is segmented on the basis of type intosystem, and service. The system segment is further sub segmented into access control, video surveillance, physical security information management, perimeter intrusion detection & prevention, security scanning, imaging & metal detection, and fire & life safety.
On the basis of vertical, the global physical security market is segmented into government, defense & public sector, transportation & logistics, telecom & IT, banking, financial services, and insurance, education, retail, oil, gas & energy, hospitality & residential, and others.
On the basis of geography, the global physical security market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa.
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Key Strategies of leading players
Enhance productivity and optimizing back end manufacturing processes
Product enhancement through integrating new strategies involving big data, advanced analytics into traditional manufacturing processes
Growing businesses through serving into new application areas and identifying pockets of growth in emerging markets
Focusing on cost effective production of devices with stability and robustness
Strategies for Product differentiation and adjusting to the life cycle changes
Strengthening collaboration with suppliers and distributors
More focused strategies are found in the report
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This report includes the estimation of market size for value (million US$) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Physical Security market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Table of Content: Physical Security Market
1 Industry Overview
3 Upstream & Production
4 Product Type Segment
5 Product Applications Segment
6 Regional Markets Overview
6.2. North America
6.5. South America
7 Physical Security Market Subdivisions
8 Physical Security Market Forecast
9 Key Companies List
10 Physical Security Market End-User Segments
11 Physical Security Market Company Competitions
12 Physical Security Market Research Conclusions
13 Related Reports
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