Physical Security Market is expected to surpass the value of US$ 243.6 Bn by the end of 2031

The global physical security market is projected to expand at a CAGR of 8.10% during the forecast period from 2021 to 2031. Extensive use of physical security solutions across industries such as manufacturing, BFSI, retail, and manufacturing to counter the increasing risk of real-world threats such as unauthorized access and natural disasters is fueling the growth of the physical security market.

Read Report Overview at- https://www.transparencymarketresearch.com/physical-security-market.html

The need for robust operational control over disparate physical security systems to keep people, assets, and facilities safe from real-world threats is fueling the growth of the physical security market. The integration of Industrial Internet of Things (IIoT) and IoT has led to an increasingly interconnected network of Cyber-Physical Systems, which diminishes the distinction between physical security and cybersecurity.

The deployment of a large number of security systems in organizations that has increased the complexity of managing and controlling incidents due to gap in communication with other systems has led to the rise in security breaches. Changing work practices over the past few years wherein enterprises rely on both physical and virtual ecosystems hosted on public or private clouds to expand business capabilities is susceptible to real-world threats. This stimulates demand for physical security solutions.

Get PDF Brochure for More Insights at - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1611

Physical Security Market - Key Findings of Report

Need for recurring security of IoT ecosystems increases with rise in value of assets and number of connected devices. The fragmented and distributed nature of IoT is subject to larger attack surface with proximity to devices. Lack of sufficient physical security can pose severe security threats to the IoT ecosystem and lead to security breach, thus driving growth of physical security market.
Consistent technological advancements in physical security solutions such as smartphones, video surveillance, and RFID key card door locks that protects data from unauthorized users amplify demand for physical security solutions
Innovations in cloud computing and IoT expands vistas for the physical security market. Advent of novel technologies protects networks and data from physical activities that can cause serious loss or damage to an agency, institution, or business enterprise.

Presence of a robust technology underlying physical security systems does not require control box to control all operations; verifications in physical security system occur at the credential scanner

Significance of credential scanner lies in verification of physical security systems, which is connected to a network and provides safety solutions to IoT ecosystem

North America is anticipated to hold the leading share of the physical security market during the forecast period. Significant rise in demand from BFSI and government sectors for physical security solutions for safety of personnel, software, hardware, networks, and data from is creating opportunities in the physical security market of North America.

How Physical Security Market will recover after covid19 - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=1611

Physical Security Market - Growth Drivers

Characteristics of physical security to keep people, facility, and assets safe from threats of real-world such as natural disasters and unauthorized access fuels the growth of physical security market
Advancements in novel technologies such as cloud computing and IoT enables protection of networks and data from physical activities that can cause serious loss or damage to institutions, government agencies, or business enterprises

Get a Sample Research Report at - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1611

Physical Security Market - Key Players

Some of the key players operating in the physical security market are;

ADT Inc.
BAE Systems plc
Cloudstructure
Hexagon AB
Huawei Technologies Co. Ltd.
Qognify Ltd.
Secom Co. Ltd.
Teledyne FLIR LLC
Axis Communications AB
Honeywell international Inc.
Cisco Systems Inc.
Johnson Controls
Robert Bosch GmbH
SmartCone Technologies
Zjejiang Dahua Technology Co. Ltd

Make an Enquiry Before Buying at - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=1611

Browse Latest IT & Telecom Market Research Reports by TMR:

Data Center Physical Security Market - https://www.transparencymarketresearch.com/data-center-physical-security-market.html

Physical Security Information Management Market- https://www.transparencymarketresearch.com/physical-security-information-management.html

Endpoint Security Market - https://www.transparencymarketresearch.com/endpoint-security-market.html

Critical National Infrastructure Cyber Security Market- https://www.transparencymarketresearch.com/critical-national-infrastructure-cyber-security-market.html

Network Security Sandbox Market- https://www.transparencymarketresearch.com/network-security-sandbox-market.html

Virtual Firewalls Security Market- https://www.transparencymarketresearch.com/virtual-firewalls-security-market.html

Security System Integration Market- https://www.transparencymarketresearch.com/security-system-integration-market.html

Consumer Security Hardware Market- https://www.transparencymarketresearch.com/consumer-security-hardware-market.html

Contact Us:

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com

About Transparency Market Research

Transparency Market Research is a global market research reports company providing business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

This release was published on openPR.