Physical Security Market

Advancement in industrial communication technology, rising deployment of Industrial Internet of Things solutions, and growth in small and medium enterprises are the key factors contributing towards the growth of the global physical security market. Physical security refers to protection of data, network, software, hardware, and personnel form physical risk due to natural calamities, terrorism, theft, burglary, and vandalism. Access control, testing, and surveillance are key components of physical security infrastructure or network to ensure robust security.

Increasing number of small and medium enterprises and focus on safeguarding assets and personnel are the key factors driving the global physical security market. Additionally, rising demand and adoption of physical security as a service is contributing towards the growth of the global physical security market. The proliferation of Internet of Things and Industrial Internet of Things has contributed towards the adoption of IP based surveillance systems. This has resulted in demand for physical security systems to safeguard the potential threats posed by connected devices.

Additionally, increasing incidences of terror attacks, advancement in technology, and proliferation of cloud services in security systems are the key forces driving the growth of the global physical security market. The global physical security market is anticipated to witness steady growth during the forecast period.

North America contributed a dominating share to the global physical security market in 2019 and is expected to be a dominating region throughout the forecast period owing to adoption of advanced physical security systems across small and medium enterprises and presence of extensive physical security network to ensure safety of public infrastructure across the United States.

Asia Pacific is anticipated to be the fastest growing region during the forecast period owing to expanding industrial infrastructure and increased adoption of physical security systems across the leading countries. Proliferation of physical security as a service across the emerging economies is anticipated to contribute towards the growth of the Asia Pacific physical security market during the forecast period.

Physical Security Market Share Analysis, by Geography (2022)

The report titled “Physical Security Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global physical security market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.

The global physical security market is segmented based on component, organization size, end use, and geography. Based on component, the global physical security market is segmented into systems and services. The systems segment is sub-segmented into physical access control system (PACS), video surveillance system, perimeter intrusion detection and prevention, physical security information management (PSIM), physical identity and access management (PIAM), scanning & imaging, fire & life safety, and others. The service components are sub-segmented into access control as a service (ACaaS), video surveillance as a service (VSaaS), remote monitoring services, security systems integration services, and others. Based on organization size, the global physical security market is segmented into large enterprise and small & medium enterprises (SME). Based on end use, the global physical security is segmented into residential, commercial, and industrial. Based on geography, the global physical security market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on physical security. Further, market share of prominent companies in the global physical security market would also be estimated. the study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the physical security companies.

The global physical security market study would take into consideration the participants engaged throughout the ecosystem of the market, along with their contribution. Product portfolio would focus on all the products under the physical security business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global physical security market.

Major players active in the global physical security market include ADT Inc., Anixter International, Axis Communications AB, Bosch Sicherheitssysteme GmbH, Cisco Systems, Inc., G4S plc, Genetec Inc, Hangzhou Hikvision Digital Technology Co., Ltd, Honeywell International Inc., Johnson Controls International plc, Kastle Systems, Pelco Incorporated, Secom Co., Ltd., Stanley Convergent Security Solutions Inc., and Zhejiang Dahua Technology Co., Ltd.

The Global Physical Security Market is Segmented as Below:

By Component

• Systems 
• Services 

By Organization Size

• Large Enterprise 
• Small & Medium Enterprises (SME)

By End Use

• Residential
• Commercial
• Industrial

By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa