Physical Security Market size was valued at USD 102.3 Billion in 2021, registering a CAGR of 6.5% during the forecast period (2022-2030), and the market is projected to be worth USD 180.3 Billion by 2030.
Physical security measures are intended to secure buildings and the equipment contained within them. In short, they keep undesired people out while allowing authorised people in. While network and cybersecurity are crucial, preventing physical security breaches and threats is critical to ensuring the safety of the equipment and data, as well as any workers or academics that have access to the facility. It safeguards against natural calamities, fire, robbery, vandalism, and terrorism. It consists of several layers of interconnected systems, such as security guards, CCTV cameras, locks, protective barriers, access control protocols, and other similar measures.
Physical Security Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Component (System, Services), By System 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), and companies (Axis Communications AB; Pelco; Robert Bosch GmbH; Johnson Control International Plc; ADT LLC, Hangzhou Hikvision Digital Technology Co., Ltd.; Honeywell International, Inc.; Genetec Inc.; Cisco Systems Inc), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 6.5%, over the forecast period of 2022–2030.
The increased adoption of Physical Security in the Electronic Security industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Physical Security also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Physical Security in many sectors also boosts the market growth during the forecast period.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||180.3 Billion|
|By Component||System, Services|
|By System 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 Industrial Vertical||Retail, Transportation, Residential, IT and Telecom, BFSI, Government|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Axis Communications AB; Pelco; Robert Bosch GmbH; Johnson Control International Plc; ADT LLC, Hangzhou Hikvision Digital Technology Co., Ltd.; Honeywell International, Inc.; Genetec Inc.; Cisco Systems Inc|
The COVID-19 pandemic has had a substantial negative influence on the Physical Security market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Axis Communications AB; Pelco; Robert Bosch GmbH; Johnson Control International Plc; ADT LLC, Hangzhou Hikvision Digital Technology Co., Ltd.; Honeywell International, Inc.; Genetec Inc.; Cisco Systems Inc
Market Segment Analysis:
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 Industry Vertical
- IT and Telecom
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Physical Security industries in the region.
Key Physical Security Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Physical Security Market segments.
– Largest Market Share Held by Industry to Industry for Physical Security
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Physical Security Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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