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Explore Physical Security market “estimated to reach US$ 119.4 billion by 2023”

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Top Key Players in the Physical Security Market include are ADT Inc. (US), Bosch Building Technologies, (Germany), Cisco Systems, Inc. (US), Honeywell International Inc., (US), Johnson Controls International plc, (US)

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The “Physical Security Market by Component (Systems (PACS, PSIM, PIAM, Video Surveillance, Fire and Life Safety) and Services (ACAAS, VSAAS, Remote Monitoring, Security Systems Integration)), Organization Size, Vertical, and Region - Global Forecast to 2023” report presents an in-depth assessment of the Physical Security including enabling technologies, key trends, market drivers, challenges, deployment case studies, standardization, opportunities, future roadmap, value chain, Top key player profiles and strategies. The report also presents market size forecasts from 2018 till 2023.

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The Physical Security Market is projected to grow from US$ 84.1 Billion in 2018 to US$ 119.4 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 7.3% from 2018 to 2023.

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Rising incidents of terror attacks, technological advancements and deployment of wireless technology in security systems, increasing use of IP-based cameras for video surveillance, implementation of mobile-based access control,and adoption of Internet of Things (IoT)-based security systems with cloud computing platforms are projected to drive the growth of the market across the globe.

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The services segment is projected to lead the physical security market during the forecast period. Physical security services play a vital role in enhancing the existing video surveillance system by integrating digital video surveillance with network and IT systems.

The APAC Physical Security Market is projected to grow at the highest CAGR during the forecast period. This growth is primarily driven by the rising adoption of access control systems in Small and Medium-sized Enterprises (SMEs), hospitality businesses, airports, ATMs, banks, residential buildings, and religious places, among others are expected to drive the physical security market.

#The Study Objectives of this report are:

  • To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To forecast the size of the market segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA)
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the physical security market
  • To profile the key market players, provide a comparative analysis on the basis of business overviews, regional presence, product offerings, business strategies, and key financials, and illustrate the competitive landscape of the market
  • To track and analyze competitive developments, such as mergers and acquisitions, new product/service launches, business expansions, partnerships and collaborations, and Research and Development (R&D) activities in the market

#Top Key Players in the “Physical Security Market” include are

  • ADT Inc. (US)
  • Bosch Building Technologies (Germany)
  • Cisco Systems Inc. (US)
  • Honeywell International Inc. (US)
  • Johnson Controls International plc (US)
  • Anixter International Inc. (US)
  • Genetec (Canada)
  • Secom Co. Ltd (Japan)
  • G4S plc (UK)
  • Pelco by Schneider Electric (US)
  • Zhejiang Dahua Technology Co. Ltd. (US)
  • Kastle Systems (US)
  • Hikvision Digital Technology Co.Ltd. (China)
  • STANLEY Convergent Security Solutions Inc. (US)
  • Axis Communications (Sweden)

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Reason to access this report:

The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall physical security market and its segments. This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and to plan suitable go-to-market strategies.

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