Physical security market is anticipated to grow at a significant CAGR of 6.2% during the forecast period. The increasing crime rates and the rising terrorist activities have increased the concerns over the safety and security of assets, people, and processes. These growing attacks have taken to the loss of numerous human lives and extreme damage to infrastructure, highlighting the requirements for physical security solutions. However, organizations prioritize securing only critical servers and do not give much surveillance to resting data in the database. Thus, the deficiency of an adequate budget continues to be an important concern for physical security professionals to effectively conduct their IT security operations.
Growing attacks of theft and robbery during COVID-19 has instantly increased the demand for physical security, followed by other issues such as the growing need for surveillance involving physical security systems and services. Furthermore, many companies are still working in WFH and hybrid work models, the demand for physical security for security assessments is further expected to increase for effective security across the globe.
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Physical Security Market Segmentation
By System
- Video Surveillance
- Access & Entrance Control
- Perimeter Intrusion Detection & Prevention
- Consumer Video Surveillance
- Wireless Infrastructure
By Services
- Remote Monitoring Services
- Security Systems Integration
By Application
- BFSI
- Commercial
- Government
- Residential
- Transportation
- Others (Education, Healthcare, Retail, And Energy & Utilities)
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- ADT
- Allied Universal
- Anixter, Inc.
- Arthur J. Gallagher & Co.
- Axis Communications AB.
- Bosch Sicherheitssysteme GmbH
- Dahua Technology Co., Ltd
- General Dynamics Corp
- Genetec Inc.
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Hanwha Techwin
- Hexagon AB
- HID Global Corp
- Honeywell International Inc.
- Johnson Controls.
- Pelco Corp.
- SECOM CO., LTD.
- STANLEY CONVERGENT SECURITY SOLUTIONS, INC.
- Teledyne FLIR LLC
- TELUS
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