Physical Security Market: Breakup by Component, 2022 & 2031
Source: Primary Research and Secondary Research Analysis
Physical security is a category of security service that assists in defending data, hardware, software, users, and networks against physical intrusions and other events that could severely harm any company or governmental agency. One of the critical aspects anticipated to propel the market is the necessity to protect external conditions from crime, vandalism, potential break-ins, theft, and fire incidents. Additionally, factors like increased investment in security to safeguard a company's most important assets, acceptance of cloud-based data storage, augmented analytics, and technological advancements in access control and video surveillance are some of the main trends anticipated to propel market growth. Additionally, the focus has shifted from traditional security measures like door locks, alarm systems, and badge readers to advanced logical security, including measures such as threat management, breach detection, and intrusion prevention. This has enabled businesses and government organizations to prevent crimes and breaches. However, small businesses may experience financial constraints that slow the market's expansion. A delayed onboarding process, high information maintenance costs, and legacy data complexity will all hamper the market's growth rate. Moreover, North America has the highest rate of advanced physical security system deployment. Strong economic growth, legislative changes, and increased demand by small and medium-sized enterprises in physical security solutions are some drivers driving the regional market. In addition, many public buildings and transportation networks, including airports, seaports, railroads, and bus terminals, strongly emphasize securing their infrastructure. Market leaders concentrate on offering a variety of solutions to accommodate different applications to increase their market share. Businesses also put a lot of effort into strategic partnerships, mergers, and acquisitions to expand their product lines and increase their market share.
Market Segmentation:
Market Breakup By Component
Systems
Services
Market Breakup By System Type
Physical Access Control System (PACS)
Video Surveillance System
Perimeter Intrusion Detection and Prevention
Physical Security Information Management (PSIM)
Physical Identity and Access Management (PIAM)
Security Scanning
Imaging, and Metal Detection
Fire and Life Safety
Market Breakup By Service Type
Access Control as a Service (ACaaS)
Video Surveillance as a Service (VSaaS)
Remote Monitoring Services
Security Systems Integration Services
Market Breakup By Organization Size
SMEs
Large Enterprises
Market Breakup By Vertical
Banking, Financial Services and Insurance (BFSI)
Government
Retail
Transportation
Residential
Telecom and Information Technology (I.T.)
Others
Market Breakup By Services
Managed Services
Professional Services
Regional Analysis
The report has been prepared after analyzing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political factors of the country. The team have closely analyzed the data of revenue, production, and manufacturers of each region. These analyses will help the reader to identify the key regions as potential worth of investment in the coming years.
Market Breakup By Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The reader can will get an updated information on their revenue of manufacturers, product portfolio, recent development and expansion plans during the forecast period
Major players operating in the Physical Security market are:
ADT
Cisco Systems Inc.
Honeywell International Inc.
Johnson Controls
TELUS
Anixter Inc.
Genetec Inc.
Bosch Sicherheitssysteme GmbH
HID Global
Pelco, Inc.
Hangzhou Hikvision Digital Technology Co., Ltd.
Arthur J. Gallagher & Co.
SECOM CO., LTD.
Allied Universal
Dahua Technology USA Inc.
STANLEY CONVERGENT SECURITY SOLUTIONS, INC.
Axis Communications AB.
Others
Global Physical Security Market Research Report, 2020-2031.
Table of Contents
Global Physical Security Market Research Report, 2020-2031.
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