Physical Security Market is worth is expected to reach USD 158.79 billion by 2022 - Scalar Market Research
Physical Security Market is worth USD 71.59 billion in 2016 and is expected to reach USD 158.79 billion by 2022, at a CAGR of 14.2% from 2016 to 2022.
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The global physical security market report offers in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and challenges in the physical security market.
KEY PREMIUM INDUSTRY INSIGHTS
The key factors driving the growth of the physical security market include the rise in the terrorist attacks and the concerns towards the protection of the employees, customers, and business assets.
The growth in the digital systems, smart securities, and smart cities and the stringent rules and regulations laid by the governments and international bodies are the key growth opportunities for the physical security market in the near future.
However, the lack of awareness and the infrastructure limitations are the key factors that are hampering the market growth.
The major challenges faced by the physical security market include the technological variations & innovations and integration of the logical and physical securities by the key players.
The research methodology for Scalar Market Research’s physical security market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.
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