openPR Logo
Press release

Physical Security Market 2020: Projected to Reach at $153 billion by 2023, AMR Reveals

02-05-2020 07:20 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Physical Security Market 2020: Projected to Reach at $153

North America is the global supplier of physical security solutions, followed by Asia-Pacific. China dominates the market in Asia-Pacific and similarly, U.S. leads the overall market in comparison to other countries.

A new report published by Allied Market Research, The global Physical Security Market was valued at $78 billion in 2016, and is projected to reach at $153 billion by 2023, growing at a CAGR of 10.3% from 2017 to 2023. In 2016, the services segment accounted for the highest revenue share in the physical security market.

The key factors that drive the global market are rise in incidence of terror attacks, increased awareness, and technological advancements. However, privacy issues and lack of physical & technological security integration hamper the market growth. Moreover, rise in demand for physical security solutions from smart cities is expected to provide lucrative opportunities for the market growth.

The physical security systems segment is expected to witness the highest growth rate during the forecast period. The video surveillance segment accounts for more than half of the total systems revenue. Moreover, other industry verticals (education, healthcare, retail, energy & utilities, and manufacturing & industrial) among the physical security applications dominated the global physical security market in 2016. However, residential sector is expected to grow at the highest pace during the forecast period.

DRIVING FACTORS FOR THE MARKET

1. Surge in terror attacks

2. Widespread awareness

3. Technological advancements

MARKET RESTRAINTS AND OPPORTUNITIES:

1. Privacy concerns

2. Lack of physical and logical security integration

3.High demand in smart cities

KEY MARKET PLAYERS

o Anixter International Inc.

o Tyco International PLC.

o Cisco Systems Inc.

o Genetec Inc.

o ADT Corporation

o Honeywell International Inc.

o Bosch Security Systems Inc.

o Stanley Security

o Senstar Corporation

QUESTIONS ANSWERED IN THE PHYSICAL SECURITY MARKET RESEARCH REPORT:

o What is the growth rate of the Physical Security Market during the forecast period?

o What will be the global Physical Security market size from 2017 to 2023?

o What are the leading manufacturing companies in the Physical Security Market?

o How the major current trends will shape the market in the future?

o What are the driving factors and opportunities in the Physical Security Market?

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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 Physical Security Market 2020: Projected to Reach at $153 billion by 2023, AMR Reveals here

News-ID: 1920604 • Views: 236

More Releases from Allied Market Research

North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently

All 5 Releases


More Releases for Security

Security Assessment Market Report 2018: Segmentation by Security Type (Endpoint …
Global Security Assessment market research report provides company profile for Kaspersky (Russia), IBM (US), FireEye (US), Optiv Security (US), Qualys (US), Trustwave (US), Veracode (US), Check Point (Israel), Absolute Software (Canada), Rapid7 (US), CynergisTek (US) and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth
Stadium Security Market -
Worries about the possibility of reoccurrence of terrorist attacks on large gatherings, especially during sports events, have been anticipated to increase the demand for stadium security. In 2017, the Manchester Arena bombing injured over 500 people and killed 23, including the attacker. Currently, almost every large stadium around the globe has been well-equipped with advanced systems such as intrusion alarms, metal detectors, fire alarms, access control systems, and CCTV cameras. Obtain
Cloud Security Market
Cloud Security Market size is characterized by increasing popularity of cloud-based services and their adoption by SMEs, rising incidences of cyber-crimes, and concerns related to data security and confidentiality. Also, favorable government initiatives and regulations for enforcing and ensuring the adoption of cybersecurity measures are expected to contribute significantly to the cloud security market growth over the forecast period. Request for an in-depth table of contents for this report @
Best Security Alarm System | Home Security Alarms | Security One
The securityoneonline.com organization prides itself on delivering exceptional customer service to its extensive and eclectic group of customers which encompasses a comprehensive demographic group of individuals and businesses with respect to age, geographic area and income level. While many organizations both within and outside of the security industry consider themselves to both value and provide premium customer service, securityoneonline.com has incorporated the rendering of superior customer service into its very
Pelco Security Products
Spytown is the Security SuperStore that specializes in home security systems and one of the leading manufacturers that supply their products is Altronix. Altronix Corporation is a leading designer and maker of low voltage electronic components. Altronix offers a wide-ranging line of Security, Fire, CCTV, Access, Nurse Call, and Automation products. The security industry requires electronic components which can perform flawlessly under rigorous conditions, twenty-four hours a day. Incorporating cutting edge
SafeTech’s Guard Security Announces Mobile Security Services
It is with great pleasure and enthusiasm that SafeTech Guard Security announces the launch of Mobile Security Services. Beginning today Guard Security will offer hired security guard officers who can perform mobile security patrols and security inspection. The security guard units will be positioned in vehicles to patrol larger areas that can not be covered on foot. The security guard officers are trained to work in both residential and commercial