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Physical Security Market .pdf


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Physical Security Market share research by applications
and regions for 2017-2024: Global Market Insights Inc.

The global Physical Security Market share report provides numbers for applications
and regional segments of the industry covering historical as well as forecast data for
decision makers.
Physical Security Market size is anticipated to witness a high growth over the forecast
timeline owing to the growing security concerns and rising terror activities across the
globe. Technological advancements, such as the adoption of access control systems
along with the availability of cost-efficient systems, are expected to increase the
demand for physical security market in the coming years.
The physical security market is expected to witness technological innovations such as
the transition from analog to built-in IP network system. Such technological
advancements comprise ubiquitous sensors, video analytics & displays, power access
systems, and smart devices with built-in distributed public-address environment.
Increasing safety issues of personal network and hardware infrastructure will further
have a positive impact on the physical security market demand.

The growing implementation of advanced technologies, such as cloud, intelligence,
and analytics-based safety systems, is expected to improve the safety landscape. In
addition, increasing investments in hybrid solutions for real-time monitoring are
anticipated to boost the physical security market growth over the forecast time frame.
The emerging necessity to safeguard business assets, customers, and employees
against growing frequencies of attack has led to a significant market growth.
The need for sophisticated devices for the implementation of cyber security is also
increasing the adoption rate. Rising demand for IoT in the integration of two or more
technologies the implementation of cloud-based data storage, and the use of big data
analytics are contributing to the physical security market growth. Furthermore, the use
of identity management & biometrics, Video Surveillance as a Service (VSaaS), and
Access Control as a Service (ACaaS) are enhancing the overall demand. The rising
need to enhance efficiencies in business operations by adopting tools, such as
surveillance tools, is escalating the industry size.
An increase in the growth of smart securities, digital systems, and smart cities and
inflexible rules & regulations imposed by domestic governments & international bodies
will provide tremendous growth opportunities for the physical security market. Trends,
such as Ultra-high Definition (UHD), Video Surveillance, IP Networking, and Power
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over Ethernet (PoE) for security and surveillance, are supporting the increased
adoption.
Numerous factors, such as lack of linkage between solutions, lack of information &
knowledge regarding implementation, and limited infrastructure boundaries, are
restraining physical security market growth. Furthermore, the industry is also
undergoing challenges such as technological discrepancies & innovations and
assimilation of physical securities with logical securities.
Based on application, the physical security market can be segmented into logistics,
retail, transportation, utilities, government, public, chemical, telecom & IT, defense &
military, and banking sectors. The transportation & logistics sector is predicted to be
the fastest growing segment over the forecast timeline owing to the increasing safety
threats and technological advancements such as cloud-based data storage & data
analytics.
The growing threat of cyber-attacks and the need for safeguarding the resources in
the cyber security area are predicted to increase the demand for physical securities in
government segments. With the growing number of retail stores in various countries,
the need for physical securities, such as IP surveillance, video analytics, and access
control systems, is boosting the physical security market growth. Based on software,
the market can be categorized into management analysis & modeling software and
Physical Security Information Management (PSIM).
On the basis of service type, the physical security market can be segmented into
Public Safety Answering Point (PSAP), technical support, Video Surveillance as a
Service (VSaaS), public alert & warning system, and remote management services.
The VSaaS market is expected to grow at the highest rate owing to the increased
government spending for safety monitoring at airports, railway stations, and streets.
The physical security market based on the component can be segmented into
hardware, services, and software. The hardware segment is expected to grow at the
highest rate and can be further divided into card-based access control systems,
biometrics, intrusion detection & prevention systems, and video surveillance devices
such as CCTVs. Growing investments in these devices are expected to fuel the market
growth.
Asia Pacific is predicted to account for the highest market share in the physical security
market owing to the growing deployment of security devices by the government in the
countries, such as China and India, in public safety and transportation sectors.
Furthermore, the growing IT industry and rapid industrialization in these countries will
have a positive impact on the physical security market growth in this region.
North America is predicted to grow at a significant CAGR over the forecast time frame
owing to the growing demand for the use of access control systems in various verticals
such as retail, government, and banking sectors. In addition, support and maintenance
activities for the current systems are predicted to drive the physical security market
growth in this region.
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The industry players participating in the physical security market include EMC
Corporation, McAfee, Inc., Genetec, Inc. NICE Systems Ltd., Cisco Systems, Inc.,
Honeywell Security Group, Morpho S.A., Pelco, Inc., Axis Communications, Bosch
Security Systems, IBM Corporation, Siemens AG, and Tyco International Ltd.
The industry is concentrated in nature due to the presence of various global
companies that have a large regional presence. IBM Corporation provides solutions
for video surveillance such as logical security products and DVS partner products. It
also provides video analytics tools such as smart vision suite and command control
center solution. Cisco offers solutions, such as incident response, access control, and
video surveillance, to protect businesses, employees, and customers from threats
such as safety & privacy issues.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market
research and consulting service provider; offering syndicated and custom research
reports along with growth consulting services. Our business intelligence and industry
research reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These exhaustive
reports are designed via a proprietary research methodology and are available for key
industries such as chemicals, advanced materials, technology, renewable energy and
biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free 1-888-689-0688
Email: sales@gminsights.com
Website: https://www.gminsights.com

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