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Physical Security Market Expected to Reach USD 158.79 Billion by 2022 - Scalar Market Research
The global physical security market report offers in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key players, premium insights, technology trends and forecast to 2022. It also focuses on the key drivers and opportunities in this market.
Browse Report Summary: https://www.scalarmarketresearch.com/market-reports/physical-security-market
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Key findings of the report:
The rise in the terrorist attacks and the increasing efforts by organizations to protect their business assets, customers, and employees are some of the major driving factors for the physical security market.
The growing influence on smart cities, smart securities, and digital systems, along with the stringent rules and regulations set by the governments around the world, will be some of the major growth drivers for the market.
The rapid technological advancements and the demand from the emerging markets are also attributed as some of the strong growth opportunities for the market.
Transportation expected to be the fastest-growing end-user segment
According to the, report, transportation is expected to be the fastest-growing end-user segment in the global physical security market. The commercial sector on the other hand is expected to dominate the global market for physical security by overall market share. The rising demand, growing security threats, and the advancing technologies are expected to be some of the major driving factors for these regions during the forecast period.
Asia-Pacific expected to grow at the fastest CAGR
According to the report, the rapid rise from the emerging markets is expected to grow the demand for the global physical security market. The report expects the Asia-pacific region to grow at the fastest rate during the forecast period while the North America region is expected to hold the largest share of the overall market. The growing investments in hybrid solutions and the rising adoption of cloud-based data storage are expected to be some of the major growth drivers for this market during the forecast period.
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The physical security market report provides analysis of the key players, including:
1. Axis Communications AB
2. Bosch Security Systems Inc.
3. Morpho SA (Safran)
4. HikVision Digital Technology Co., Ltd.
5. Pelco, Inc.
6. AssaAbloy AB
7. Tyco International Ltd.
8. VidSys, Inc.
9. McAfee, Inc.
10. Computer Sciences Corporation
11. NICE Systems Ltd.
12. Siemens AG
13. Cisco Systems, Inc.
14. EMC Corporation
15. Genetec, Inc.
16. IBM Corporation
17. Honeywell Security Group
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About Scalar Market Research:
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