Physical Security Market By Component (System, Services), By Systems Type (Physical Access System, Video Surveillance System, Perimeter Intrusion and Detection, Physical Security Information Management, Others), By Service Type (Access Control as a Service, Video Surveillance as a Service, Remote Monitoring Services, Security Systems Integration Services, Others), By Enterprise Size (Large Enterprises, SMEs), By Industry Vertical (BFSI, Government, Retail, Transportation, Residential, IT and Telecom, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030
Physical security is the protection of personnel, hardware, software, networks, and data from physical actions and events that could cause serious loss or damage to an enterprise, agency, or institution. This includes protection from fire, flood, natural disasters, burglary, theft, vandalism, and terrorism. While most of these are covered by insurance, physical security's prioritization of damage prevention avoids time, money and resources lost because of these events.
Growth in the number in terror attacks and growing awareness boost the growth of the global physical security market. In addition, growth in technological advancements s also positively impacts the growth of the market. However, privacy concerns and lack of physical and logical security integration hampers the market growth. On the contrary, increase in demand for physical security in smart cities is expected to offer remunerative opportunities for the expansion of the market during the forecast period.
The physical security market is segmented on the basis of component, system type, service type, enterprise size, industry vertical, and geography. On the basis of component, it is classified into system, and services. On the basis of systems type, it is bifurcated into physical access system, video surveillance system, perimeter intrusion and detection, physical security information management, and others. On the basis of service type, it is segregated into access control as a service, video surveillance as a service, remote monitoring services, security system integration services, and others. On the basis of enterprise size, it is categorized into large enterprises, and SMEs. On the basis of industry vertical, it is divided into BFSI, government, retail, transportation, residential, IT and Telecom, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the physical security market are ADT Inc., BAE Systems, Cisco system Inc., Genetec Inc., HONEYWELL INTERNATIONAL, INC., Johnson Controls, PELCO Corporation, Robert Bosch GmbH, STANLEY CONVERGENT SECURITY SOLUTIONS, INC., and Senstar Corporation.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global physical security market forecast along with current & future trends to explain the imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on global physical security market trends, physical security market analysis is provided in the report.
The Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2021 to 2030 is provided to determine the physical security software market potential.
Key Market Segments
By Systems Type
Physical Access System
Video Surveillance System
Perimeter Intrusion and Detection
Physical Security Information Management
By Service Type
Access Control as a Service
Video Surveillance as a Service
Remote Monitoring Services
Security Systems Integration Services
By Enterprise Size
By Industry Vertical
IT and Telecom
Rest of Europe
Rest of Asia-Pacific
Key Market Players
BAE Systems plc
Cisco system Inc.
HONEYWELL INTERNATIONAL, INC.
Robert Bosch GmbH
STANLEY CONVERGENT SECURITY SOLUTIONS, INC.
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