Physical Security Market Overview :

Global Physical Security Market is estimated to reach $148 billion by 2024; growing at a CAGR of 9.9% from 2016 to 2024. Physical security explains security measures which are designed to refuse unauthorized access to equipment, facilities and resources and to guard personnel and property from damage such as surveillance, theft, and terrorist attacks. These technological shifts comprise video displays, distributed public address environment integrated with smart devices, ubiquitous sensors, video analytics, and power access system. Increasing security concerns towards network, hardware, and personnel may also boost the market. Cloud based security system which includes different services such as, IoT (Internet of things), electronic security, the third-party safety and mobile internet security practices would show an increased business opportunity for the market.

Increased utilization of internet of Things (IoT), increase in terror attack incidences, need to guard business assets, employees, and customers, growing expenditure on security of important infrastructure such as government headquarters, airports, banks, trade centers, data centers, and enterprise facilities, advanced technology along with cost effective security systems are boosting the growth of the global physical security market. However, lack of interaction between security solutions and restricted utilization of advanced technologies may hinder the growth of the market. Furthermore, technological advancements in video surveillance and current development of smart cities might provide with several growth opportunities in the forecasted years.

The global physical security market is categorized into type, industry vertical and geography. By type, the market is segmented into systems and services. The system segment is further bifurcated into access control, video surveillance, physical security information management, perimeter intrusion detection & prevention, security scanning, imaging & metal detection, and fire & life safety. Services are sub-segmented as system integration, maintenance & support, designing & consulting. By industry vertical, the segmentation are government, defense & public sector, BFSI, education, retail, telecom & IT, oil, gas & energy, transportation & logistics, hospitality & residential, and others.

By geography, the market has been bifurcated into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers UK, Germany, France Italy, and others. Asia-Pacific covers China, Japan, India, South Korea, and others. RoW covers South America, Middle East, and Africa.

The key companies operating in this market include Bosch Security Systems, Inc., Tyco   International Plc., Honeywell International, Inc., Pelco, Anixter International Inc., Cisco Systems, Stanley Security Solutions Limited, ADT Corporation, Senstar Corporation, and   Genetec Inc. among others.

The key takeaways from the report

• The report will provide a detailed analysis of Global Physical Security Market with respect to major segments such as type and industry vertical
• The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
• Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
• An exhaustive regional analysis of Global Physical Security Market from 2015 to 2024 has been included in the report
• Profile of the key players in the Global Physical Security Market will be provided, which include key financials, product & services, new developments and business strategies

Scope of the Global Physical Security Market

Type Segments

• Systems
• Access Control
• Biometrics
• Face Recognition
• Fingerprint Recognition
• Other Biometric
• Locks
• Electronic Locks
• Mechanical Locks
• Smart Card and Readers
• ACaaS
• Video surveillance
• CCTV
• VSaaS
• Video Analytics
• IP Video Surveillance
• Physical Security Information Management
• Perimeter Intrusion Detection & Prevention
• Security Scanning, Imaging & Metal Detection
• Metal Detectors
• X-ray Screening
• Electronic Inspection Tools
• Fire & life Safety
• Services
•     System Integration
•     Maintenance & Support
•     Designing & Consulting

Industry Vertical Segments

• Government, Defense & Public Sector
• BFSI
• Education
• Retail
• Telecom & IT
• Oil, Gas & Energy
• Transportation & Logistics
• Hospitality & Residential
• Other Industry Verticals

Geography Segments

• North America
• U.S.
• Canada
• Mexico

• Europe
• UK
• Germany
• France
• Italy
• Others

• Asia-Pacific
• China
• Japan
• India
• South Korea
• Others
• RoW
• South America
• Middle East
• Africa