The global Physical Security Market Size is expected to attain a market size of $146.2 billion by 2023, growing at a CAGR of 11.1% during the forecast period.
Internet of things has broadened the sphere of the worldwide physical security market. Physical security encompasses three fundamental elements, namely access control, surveillance, and testing. The places that are with security and safety procedures are guarded against attacks, accidents, and ecological catastrophes. The procedures for this purpose include locks, fencing, biometric access control systems, access control cards, and flames suppression systems. The areas that are with the security procedures are monitored with video surveillance cameras and notification devices such as temperature sensors, intrusion detection sensors, and smoke detectors.
To ensure more desirable security as well as to minimize the recuperation period after a catastrophe, procedures and policies related to disaster recovery need to be tested repeatedly. Based on the types, the Physical Security market is segmented into Solution and Services. The Solutions market is further segmented into Video Surveillance, Access & Entrance Control, Perimeter Intrusion Detection & Prevention, and Others. The Services market is segmented into Remote Monitoring and Systems Integration. The verticals covered under the report include Retail, Government, Risk Type, Healthcare, Manufacturing, BFSI, Telecom & IT, Transportation & Logistics, and Others.
Based on region, Physical Security market is segmented into North America (US, Canada, Mexico and Rest of North America), Europe (Germany, UK, France, Russia, Spain, Italy and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia Pacific) and Latin America, Middle East & Africa. North America remained the dominant region in the global Physical Security market in 2016. Asia Pacific would witness promising CAGR during the forecast period (2017-2023).
The report covers the analysis of key stake holders of the Physical Security market. Key companies profiled in the report include Anixter International Inc., Cisco System, Inc., Honeywell International, Inc., Schneider Electric SE (Pelco), Magal Security Systems, Ltd. (Senstar Corporation), Apollo Global Management (ADT Corporation), Robert Bosch GmbH (Bosch Security Systems, Inc.), and Genetec Inc.
Related Reports:
North America Physical Security Market (2017-2023)
Europe Physical Security Market (2017-2023)
Asia Pacific Physical Security Market (2017-2023)
LAMEA Physical Security Market (2017-2023)
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