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Physical Security Market by Component (Systems (PACS, PSIM, PIAM, Video Surveillance, Fire and Life Safety) and Services (ACAAS, VSAAS, Remote Monitoring, Security Systems Integration)), Organization Size, Vertical, and Region - Global Forecast to 2023

Physical Security Market by Component (Systems (PACS, PSIM, PIAM, Video Surveillance, Fire and Life Safety) and Services (ACAAS, VSAAS, Remote Monitoring, Security Systems Integration)), Organization Size, Vertical, and Region - Global Forecast to 2023

Rising incidents of terror attacks, technological advancements and deployment of wireless technology in security systems, and increasing use of Internet Protocol (IP)-based cameras for video surveillance are expected to drive the overall growth of the physical security market across the globe.

The physical security market is projected to grow from USD 84.1 billion in 2018 to USD 119.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 7.3% from 2018 to 2023. Rising incidents of terror attacks, technological advancements and deployment of wireless technology in security systems, increasing use of IP-based cameras for video surveillance, implementation of mobile-based access control, and adoption of Internet of Things (IoT)-based security systems with cloud computing platforms are projected to drive the growth of the market across the globe. However, violation of privacy related to physical security systems and services is expected to restrict the growth of the market across the globe.

Based on component, the services segment is expected to grow with the fastest growth rate in 2018.
The services segment is projected to lead the physical security market during the forecast period. Physical security services play a vital role in enhancing the existing video surveillance system by integrating digital video surveillance with network and IT systems. This integration enhances property safety and reduces loss from thefts. Moreover, the service segment is being continuously affected by the introduction of the integrated Social, Mobile, Analytics, and Cloud (SMAC) solution, which need proper monitoring.

Based on organization size, the large enterprises segment is expected to lead the physical security market in 2018.
The large enterprises segment is expected to lead the physical security market in 2018. These enterprises were the early adopters of physical security solutions and services, as they have larger revenue pool to spend and a larger infrastructure to be protected. High spending on security, followed by the high need for securing large assets is leading large enterprises to contribute to a higher market share in the physical security market.

The residential vertical to lead the physical security market in 2018.
Business and recreational travelers demand safe and secure hotel accommodation with responsive and friendly customer service. The residential segment faces the challenge to manage security without violating the privacy of their guests, comfort, and travel experiences. In residential premises, the implementation of access control and video surveillance security systems is growing. The residential properties are installing access control systems to prevent invasion and burglary. There is also an increasing demand for access control systems to minimize unauthorized access. Residential properties are increasingly adopting electronic lock-based access control systems. The demand for electronic products is growing with the increased home automation trend.

The Asia Pacific (APAC) physical security market is projected to grow at the highest CAGR during the forecast period.
The APAC physical security market is projected to grow at the highest CAGR during the forecast period. This growth is primarily driven by the rising adoption of access control systems in Small and Medium-sized Enterprises (SMEs), hospitality businesses, airports, ATMs, banks, residential buildings, and religious places, among others are expected to drive the physical security market. Security systems are expected to witness increasing adoption in APAC as the countries in the region are emerging economies with a growing number of manufacturing bases, and there is also a constant risk of terror threats in the region.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the physical security market.
By Company Type: Tier 1 - 40%, Tier 2 - 35%, and Tier 3 - 25%
By Designation: C-level - 45%, Directors - 30%, and Others - 25%
By Region: North America - 35%, Europe - 20%, Asia Pacific - 30%, and RoW - 15%

The major vendors of physical security solutions and services include ADT Inc. (US), Bosch Building Technologies, (Germany), Cisco Systems, Inc. (US), Honeywell International Inc., (US), Johnson Controls International plc, (US), Anixter International Inc. (US), Genetec (Canada), Secom Co., Ltd (Japan), G4S plc (UK), Pelco by Schneider Electric (US), Zhejiang Dahua Technology Co., Ltd. (US), Kastle Systems (US), Hikvision Digital Technology Co., Ltd. (China), STANLEY Convergent Security Solutions, Inc. (US), and Axis Communications (Sweden). The study included an in-depth competitive analysis of these key players with their company profiles, recent developments, and key growth strategies adopted by them.

Research coverage
The market study covers the physical security market across different segments. It aims at estimating the market size and the growth potential of this market across different segments based on component, organization size, vertical and region. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key benefits of buying the report
The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall physical security market and its segments. This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and to plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
      • MARKET SEGMENTATION
      • REGIONS COVERED
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY CONSIDERED
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET BREAKUP AND DATA TRIANGULATION
    • MARKET SIZE ESTIMATION
      • TOP-DOWN APPROACH
      • BOTTOM-UP APPROACH
    • MARKET FORECAST
      • Table FACTOR ANALYSIS
    • ASSUMPTIONS FOR THE STUDY
    • LIMITATIONS OF THE STUDY
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE PHYSICAL SECURITY MARKET
    • PHYSICAL SECURITY MARKET, BY COMPONENT, 2018-2023
    • PHYSICAL SECURITY MARKET, BY SYSTEM, 2018-2023
    • PHYSICAL SECURITY MARKET, BY SERVICE, 2018-2023
    • PHYSICAL SECURITY MARKET, BY VERTICAL, 2018
    • PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2018-2023
    • MARKET INVESTMENT SCENARIO
  • MARKET OVERVIEW AND INDUSTRY TRENDS
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
    • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • INDUSTRY TRENDS
      • USE CASES
  • PHYSICAL SECURITY MARKET, BY COMPONENT
    • INTRODUCTION
      • Table PHYSICAL SECURITY MARKET SIZE, BY COMPONENT, 2016-2023 (USD BILLION)
    • SYSTEMS
      • Table SYSTEMS: PHYSICAL SECURITY MARKET SIZE, BY TYPE, 2016-2023 (USD BILLION)
      • Table SYSTEMS: PHYSICAL SECURITY MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • PHYSICAL ACCESS CONTROL SYSTEM
        • Table PHYSICAL ACCESS CONTROL SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • VIDEO SURVEILLANCE SYSTEM
        • Table VIDEO SURVEILLANCE SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
        • Table IP CAMERA VS. ANALOG CAMERA
      • PERIMETER INTRUSION DETECTION AND PREVENTION
        • Table PERIMETER INTRUSION DETECTION AND PREVENTION MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • PHYSICAL SECURITY INFORMATION MANAGEMENT
        • Table PHYSICAL SECURITY INFORMATION MANAGEMENT MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • PHYSICAL IDENTITY AND ACCESS MANAGEMENT
        • Table PHYSICAL IDENTITY AND ACCESS MANAGEMENT MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • SECURITY SCANNING, IMAGING, AND METAL DETECTION
        • Table SECURITY SCANNING, IMAGING, AND METAL DETECTION MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • FIRE AND LIFE SAFETY
        • Table FIRE AND LIFE SAFETY MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • SERVICES
      • Table SERVICES: PHYSICAL SECURITY MARKET SIZE, BY TYPE, 2016-2023 (USD BILLION)
      • Table SERVICES: PHYSICAL SECURITY MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • ACCESS CONTROL AS A SERVICE
        • Table ACCESS CONTROL AS A SERVICE MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • VIDEO SURVEILLANCE AS A SERVICE
        • Table VIDEO SURVEILLANCE AS A SERVICE MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • REMOTE MONITORING SERVICES
        • Table REMOTE MONITORING SERVICES MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
      • SECURITY SYSTEMS INTEGRATION SERVICES
        • Table SECURITY SYSTEMS INTEGRATION SERVICES MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
  • PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE
    • INTRODUCTION
      • Table PHYSICAL SECURITY MARKET SIZE, BY ORGANIZATION SIZE, 2016-2023 (USD BILLION)
    • SMALL AND MEDIUM-SIZED ENTERPRISES
      • EARLY ADOPTION OF CLOUD-BASED PHYSICAL SECURITY SERVICES BY SMALL AND MEDIUM-SIZED ENTERPRISES LED TO THE GROWTH OF THESE SERVICES
        • Table SMALL AND MEDIUM-SIZED ENTERPRISES: PHYSICAL SECURITY MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • LARGE ENTERPRISES
      • COST BENEFITS OF CLOUD-BASED PHYSICAL SECURITY SERVICES LED TO THE INCREASING ADOPTION OF THESE SERVICES BY LARGE ENTERPRISES
        • Table LARGE ENTERPRISES: PHYSICAL SECURITY MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
  • PHYSICAL SECURITY MARKET, BY VERTICAL
    • INTRODUCTION
      • Table PHYSICAL SECURITY MARKET SIZE, BY VERTICAL, 2016-2023 (USD BILLION)
    • BANKING, FINANCIAL SERVICES, AND INSURANCE
      • PHYSICAL SECURITY TO PLAY AN IMPORTANT ROLE IN THE SECURITY OF ORGANIZATIONS OPERATING IN THE BFSI VERTICAL
        • Table BANKING, FINANCIAL SERVICES, AND INSURANCE: PHYSICAL SECURITY MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • GOVERNMENT
      • RISING INCIDENCE OF TERROR ATTACKS GLOBALLY LED TO THE INCREASING ADOPTION OF PHYSICAL SECURITY TECHNOLOGIES AND SOLUTIONS IN THE GOVERNMENT VERTICAL
        • Table GOVERNMENT: PHYSICAL SECURITY MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • RETAIL
      • VIDEO ANALYTICS TO PLAY AN IMPORTANT ROLE IN DRIVING THE GROWTH OF THE RETAIL VERTICAL
        • Table RETAIL: PHYSICAL SECURITY MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • TRANSPORTATION
      • INCREASED CRIMINAL ACTIVITIES, LIABILITY SUITS, VANDALISM, AND TERRORISM-RELATED THREATS TO URGE THE NEED FOR PHYSICAL SECURITY IN THE TRANSPORTATION VERTICAL
        • Table TRANSPORTATION: PHYSICAL SECURITY MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • RESIDENTIAL
      • IMPLEMENTATION OF ACCESS CONTROL AND VIDEO SURVEILLANCE SECURITY SYSTEMS TO GROW IN THE RESIDENTIAL VERTICAL
        • Table RESIDENTIAL: PHYSICAL SECURITY MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • TELECOM AND IT
      • INCREASED SECURITY THREATS RELATED TO LEGAL DATA TO PROPEL THE NEED FOR PHYSICAL SECURITY IN THE TELECOM AND IT VERTICAL
        • Table TELECOM AND IT: PHYSICAL SECURITY MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • OTHERS
      • Table OTHERS: PHYSICAL SECURITY MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
  • PHYSICAL SECURITY MARKET, BY REGION
    • INTRODUCTION
      • Table PHYSICAL SECURITY MARKET SIZE, BY REGION, 2016-2023 (USD BILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: PHYSICAL SECURITY MARKET SIZE, BY COMPONENT, 2016-2023 (USD BILLION)
      • Table NORTH AMERICA: PHYSICAL SECURITY MARKET SIZE, BY SYSTEM, 2016-2023 (USD BILLION)
      • Table NORTH AMERICA: PHYSICAL SECURITY MARKET SIZE, BY SERVICE, 2016-2023 (USD BILLION)
      • Table NORTH AMERICA: PHYSICAL SECURITY MARKET SIZE, BY ORGANIZATION SIZE, 2016-2023 (USD BILLION)
      • Table NORTH AMERICA: PHYSICAL SECURITY MARKET SIZE, BY VERTICAL, 2016-2023 (USD BILLION)
      • Table NORTH AMERICA: PHYSICAL SECURITY MARKET SIZE, BY COUNTRY, 2016-2023 (USD BILLION)
      • UNITED STATES
      • CANADA
    • EUROPE
      • Table EUROPE: PHYSICAL SECURITY MARKET SIZE, BY COMPONENT, 2016-2023 (USD BILLION)
      • Table EUROPE: PHYSICAL SECURITY MARKET SIZE, BY SYSTEM, 2016-2023 (USD BILLION)
      • Table EUROPE: PHYSICAL SECURITY MARKET SIZE, BY SERVICE, 2016-2023 (USD BILLION)
      • Table EUROPE: PHYSICAL SECURITY MARKET SIZE, BY ORGANIZATION SIZE, 2016-2023 (USD BILLION)
      • Table EUROPE: PHYSICAL SECURITY MARKET SIZE, BY VERTICAL, 2016-2023 (USD BILLION)
      • Table EUROPE: PHYSICAL SECURITY MARKET SIZE, BY COUNTRY, 2016-2023 (USD BILLION)
      • UNITED KINGDOM
      • GERMANY
      • REST OF EUROPE
    • ASIA PACIFIC
      • Table ASIA PACIFIC: PHYSICAL SECURITY MARKET SIZE, BY COMPONENT, 2016-2023 (USD BILLION)
      • Table ASIA PACIFIC: PHYSICAL SECURITY MARKET SIZE, BY SYSTEM, 2016-2023 (USD BILLION)
      • Table ASIA PACIFIC: PHYSICAL SECURITY MARKET SIZE, BY SERVICE, 2016-2023 (USD BILLION)
      • Table ASIA PACIFIC: PHYSICAL SECURITY MARKET SIZE, BY ORGANIZATION SIZE, 2016-2023 (USD BILLION)
      • Table ASIA PACIFIC: PHYSICAL SECURITY MARKET SIZE, BY VERTICAL, 2016-2023 (USD BILLION)
      • Table ASIA PACIFIC: PHYSICAL SECURITY MARKET SIZE, BY COUNTRY, 2016-2023 (USD BILLION)
      • CHINA
      • JAPAN
      • REST OF ASIA PACIFIC
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: PHYSICAL SECURITY MARKET SIZE, BY COMPONENT, 2016-2023 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: PHYSICAL SECURITY MARKET SIZE, BY SYSTEM, 2016-2023 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: PHYSICAL SECURITY MARKET SIZE, BY SERVICE, 2016-2023 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: PHYSICAL SECURITY MARKET SIZE, BY ORGANIZATION SIZE, 2016-2023 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: PHYSICAL SECURITY MARKET SIZE, BY VERTICAL, 2016-2023 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: PHYSICAL SECURITY MARKET SIZE, BY COUNTRY, 2016-2023 (USD BILLION)
      • UNITED ARAB EMIRATES
      • KINGDOM OF SAUDI ARABIA
      • REST OF MIDDLE EAST AND AFRICA
    • LATIN AMERICA
      • Table LATIN AMERICA: PHYSICAL SECURITY MARKET SIZE, BY COMPONENT, 2016-2023 (USD BILLION)
      • Table LATIN AMERICA: PHYSICAL SECURITY MARKET SIZE, BY SYSTEM, 2016-2023 (USD BILLION)
      • Table LATIN AMERICA: PHYSICAL SECURITY MARKET SIZE, BY SERVICE, 2016-2023 (USD BILLION)
      • Table LATIN AMERICA: PHYSICAL SECURITY MARKET SIZE, BY ORGANIZATION SIZE, 2016-2023 (USD BILLION)
      • Table LATIN AMERICA: PHYSICAL SECURITY MARKET SIZE, BY VERTICAL, 2016-2023 (USD BILLION)
      • Table LATIN AMERICA: PHYSICAL SECURITY MARKET SIZE, BY COUNTRY, 2016-2023 (USD BILLION)
      • BRAZIL
      • MEXICO
      • REST OF LATIN AMERICA
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE SITUATION AND TRENDS
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2016-2019
      • AGREEMENTS, COLLABORATIONS, AND PARTNERSHIPS
        • Table AGREEMENTS, COLLABORATIONS, AND PARTNERSHIPS, 2016-2018
      • MERGERS AND ACQUISITIONS
        • Table MERGERS AND ACQUISITIONS, 2016-2018
      • BUSINESS EXPANSIONS
        • Table BUSINESS EXPANSIONS, 2016-2018
    • KEY PLAYERS IN THE PHYSICAL SECURITY MARKET
  • COMPANY PROFILES
    • ADT
      • BUSINESS OVERVIEW
      • PRODUCTS, SOLUTIONS, AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BOSCH BUILDING TECHNOLOGIES
      • BUSINESS OVERVIEW
      • SYSTEMS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CISCO
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HONEYWELL
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • JOHNSON CONTROLS
      • BUSINESS OVERVIEW
      • SYSTEMS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ANIXTER
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GENETEC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SECOM
      • BUSINESS OVERVIEW
      • SYSTEMS, SOLUTIONS, AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • G4S
      • BUSINESS OVERVIEW
      • PRODUCTS, SOLUTIONS, AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • PELCO BY SCHNEIDER ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCTS, SOLUTIONS, AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ZHEJIANG DAHUA TECHNOLOGY CO.
    • KASTLE SYSTEMS
    • HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO.
    • STANLEY CONVERGENT SECURITY SOLUTIONS
    • AXIS COMMUNICATIONS
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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