Press release
Physical Security Market to reach USD 147.55 Bn by 2029, emerging at a CAGR of 5.2 percent and forecast (2023-2029)
A new report by MMR indicates that the global physical security market was valued at USD 98.36 Bn in 2021, and it is expected to reach USD 147.55 Bn by 2029 with a CAGR of 5.2 percent during the forecast period.Physical Security Market Report Scope and Research Methodology
Physical security is the protection of assets, such as hardware, software, data, personnel, and networks, against physical events and actions that may cause damage or loss to an organization. The market includes access control, surveillance, and testing. Physical places are protected against attacks, adverse coincidences, or environmental calamities by using locks, biometric access control systems, access control cards, fire sensors, and alarm systems.
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The report uses a Research Methodology that will provide data on market size, share, growth, trends, and forecast from 2022-2029. The report also includes PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market. The report provides valuable insights to industry players, investors, and new entrants to formulate their market strategies.
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Physical Security Market Dynamics
Drivers of the market include the incidences of terror attacks, technological advancements, and growth in demand for physical security in smart cities. Public security and entities like commercial, residential, and BFSI services are the key areas of focus for governments to ensure protection against crime, theft, disasters, and accidents. Governments are spending huge amounts on installing advanced video surveillance and access control systems.
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The objective of the report is to present a comprehensive analysis of the Global Physical Security Market to the stakeholders in the industry. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
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Physical Security Market Regional Insights
North America dominates the global Physical Security market, followed by Asia Pacific and Europe. Rapid and consistent renovation activities of residential places, along with rising construction activities at commercial places, are the driving factors for the physical security market in North America.
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Physical Security Market Segmentation
By Type:
• Video Surveillance
• Access & Entrance Control
• Perimeter Intrusion & Detection
• Remote Monitoring
• Security Systems Integration
• Safe Security System
By Industry Vertical:
• BFSI
• Commercial
• Government
• Other
Physical Security Market Key Competitors include:
• Anixter International Inc.
• Tyco International PLC.
• Cisco Systems, Inc.
• Genetec Inc.
• ADT Corporation
• Honeywell International, Inc.
• Bosch Security Systems, Inc.
• Stanley Security
• Senstar Corporation
• Hikvision
• Axis Communication
• Pelco
• Dahua Technology
• Kastle Systems
• SECOM
Table of Content for Physical Security Market
Global Physical Security Market: Research Methodology
Global Physical Security Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Physical Security Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Physical Security Market Segmentation
Global Market, by Type (2021-2029)
Global Market, by Industry Vertical (2021-2029)
Regional Physical Security Market (2021-2029)
Regional Market, by Type (2021-2029)
Regional Market, by Industry Vertical (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Type and Industry Vertical
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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