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Physical Security Market is worth is expected to reach USD 158.79 billion by 2022 - Scalar Market Research

03-29-2017 10:07 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Scalar Market Research

Physical Security Market is worth is expected to reach USD 158.79

Physical Security Market, by Components (Hardware [Intrusion Detection & Prevention, Access control, Others], Software [Physical Security Information Management (PSIM), Management Analysis and Modeling Software], Service [Video Surveillance as a Service (VSaaS), Remote Management Services, Technical Support, Public Safety Answering Point (PSAP), Security Consulting, Public Alert and Warning System, Others]), End-user (Banking & Finance, Commercial, Education, Government, Healthcare, Manufacturing & Industrial, Residential, Retail, Sports & Leisure, Transportation, and Utilities & Energy) - Global Revenue, Trends, Growth, Share, Size and Forecast to 2022

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.

RESEARCH METHODOLOGY

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.

Browse Report: https://www.scalarmarketresearch.com/market-reports/physical-security-market

About Scalar Market Research

Scalar Market Research Inc. aspires to assist organizations from around the world to achieve their business goal with premium market research reports and consulting services. Our real-time industry tracking with the help of advanced analytics offers a crystal clear view of all the activities in niche markets. Our team, with thorough global understanding, works relentlessly to gather the necessary market insights, including customer analysis, competitions and global forecast.

Find out more about our services at: www.scalarmarketresearch.com

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