The global physical security market is anticipated to grow at a significant CAGR of 6.2% during the forecast period. The increasing crime rates and the rising terrorist activities have increased the concerns over the safety and security of assets, people, and processes. These growing attacks have taken to the loss of numerous human lives and extreme damage to infrastructure, highlighting the requirements for physical security solutions. However, organizations prioritize securing only critical servers and do not give much surveillance to resting data in the database. Thus, the deficiency of an adequate budget continues to be an important concern for physical security professionals to effectively conduct their IT security operations.
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Growing attacks of theft and robbery during COVID-19 has instantly increased the demand for physical security, followed by other issues such as the growing need for surveillance involving physical security systems and services. Furthermore, many companies are still working in WFH and hybrid work models, the demand for physical security for security assessments is further expected to increase for effective security across the globe.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Physical Security Market by System
- Video Surveillance
- Access & Entrance Control
- Perimeter Intrusion Detection & Prevention
- Consumer Video Surveillance
- Wireless Infrastructure
Global Physical Security Market by Services
- Remote Monitoring Services
- Security Systems Integration
Global Physical Security Market by Application
- BFSI
- Commercial
- Government
- Residential
- Transportation
- Others (Education, Healthcare, Retail, And Energy & Utilities)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ADT
- Allied Universal
- Anixter, Inc.
- Arthur J. Gallagher & Co.
- Axis Communications AB.
- Bosch Sicherheitssysteme GmbH
- Dahua Technology Co., Ltd
- General Dynamics Corp
- Genetec Inc.
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Hanwha Techwin
- Hexagon AB
- HID Global Corp
- Honeywell International Inc.
- Johnson Controls.
- Pelco Corp.
- SECOM CO., LTD.
- STANLEY CONVERGENT SECURITY SOLUTIONS, INC.
- Teledyne FLIR LLC
- TELUS
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global physical security market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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