The global physical security market is anticipated to grow at a considerable CAGR of 6.2% during the forecast period. The global physical security market is expected to grow during the forecast period due to the growing incidence of terror attacks, technological advancements, and an increase in the demand for such services in smart cities. However, privacy concerns and lack of physical & logical security integration are expected to hinder the market growth during the forecast period. Moreover, many companies are launching their software for the physical security market which indirectly grows the market.
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Some of the software launched by the company is
- In February 2022, Hikvision, launched a comprehensive cybersecurity support initiative called Network Cyber-Protect to support industry professionals and Hikvision dealers safeguard their physical security network infrastructure from spiteful and costly cyber-attacks.
- In August 2021, Hikvision launched a computer vision platform to centralize physical security operations. HikCentral Professional, software that eases the remote monitoring of various, integrated physical security systems, including its facial recognition technology, from a centralized platform.
- In August 2020, Bosch Building Technologies launched Intelligent Insights to visualize and interpret video data capture. Intelligent Insights is a new software tool that presents every element together from scene to screen, from intelligent cameras enabling video data capture and interpretation, to the visualization and reporting of data.
Global Physical Security Market Report Segment
By System
- Video Surveillance
- Access & Entrance Control
- Perimeter Intrusion Detection & Prevention
- Consumer Video Surveillance
- Wireless Infrastructure
By Services
- Remote Monitoring Services
- Security Systems Integration
By Application
- BFSI
- Commercial
- Government
- Residential
- Transportation
- Others (Education, Healthcare, Retail, and Energy & Utilities)
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Physical Security Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
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
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