The global physical security market size was valued at USD 102.9 billion in 2019 and is expected to register a CAGR of 6% over the forecast period. Increasing importance of improving physical security for organizations and identifying potential threats are the key drivers for market growth.
A full report of Physical Security Market is available at: https://www.orionmarketreports.com/physical-security-market/24236/
Impact of COVID-19 on the Physical Security Market:
• Several major manufacturers of physical security systems around the world have ceased operations due to shutting down due to the Covid-19 pandemic, causing parts to be cut off.
• Demand for real-world security systems is expected to surge during the Covid-19 pandemic and for remote monitoring to implement effective locking of Covid quarantine areas.
• Demand for video surveillance and access control security systems is expected to surge due to closures caused by the Corona 19 epidemic to prevent robbery, intrusion and unauthorized access in residential and commercial spaces.
Physical Security Market Key Segments:
The physical security market is segmented on the basis of type, industry vertical, and geography.
By Type
• System
• Video Surveillance
• Access & Entrance Control
• Perimeter Intrusion & Detection
• Services
• Remote Monitoring
• Security Systems Integration
By Industry Vertical
• BFSI
• Commercial
• Government
• Residential
• Transportation
• Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
