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Physical Security Market

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Physical Security Market : Demand for Technologically Improved Physical Security Solutions
and Services to Remain High
Exhibiting the a largely fragmented, hence a highly competitive vendor landscape, the
global physical security market witnesses companies increasingly focusing on the use of
advanced technologies. These companies are introducing several advancements in their
products and services to stay ahead of curve, finds Transparency Market Research (TMR) in a
new study. As an increasing number of government offices, enterprises, and residential areas
adopt advanced networking technologies and digital services, physical security products will
gain incredible popularity. Therefore, the companies operating in the global physical security
market are likely to plough in more funds and resources into expanding their product portfolio
to cater to the dynamic consumer preferences.
According to TMR, companies are also expected to focus on the development and delivery of
various cloud-based services. The rising awareness among consumers about the cost benefits
and flexibility offered by these services is fuelling their demand worldwide. Some of the most
prominent companies operating in the global physical security market are Honeywell Security
Group, NICE Systems, IBM Corporation, EMC Corporation, Assa Abloy AB, Morpho SA, Siemens
AG, and McAfee.
TMR forecasts the global physical security market to rise at a CAGR of 14.9% between 2013 and
2019. At this pace, the market is likely to reach US$125 bn by the end of 2019.
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Transportation and Logistics Industry Emerges as Key Application Segment
Among key application segments, the demand from transportation and logistics sector is
expected to be considerably high. The segment is also likely to hold dominance in the global
physical security market during the forecast period. Regionally, North America held the largest
share in the global market and is forecast to continue leading the market through the forecast
period. However, in the coming years, the physical security market in Asia Pacific is expected to
grow at a higher pace.
Concerns Pertaining to Inland Secure to Boost Adoption of Physical Security Services
Growing concerns with regards to inland security on account of rise in disruptive activities
worldwide will fuel the demand for physical security. With governments investing in
ascertaining improved security to their population, the adoption of physical security solutions is
forecast to increase in the coming years. In addition to this, the market is anticipated to gain
from the rising adoption of these solutions across various enterprises, irrespective of their size.
Considering this, the rising number of medium and small enterprises across emerging nations
will create growth opportunities for the market in Latin America and Asia Pacific.
Furthermore, stringent regulations implemented by governments to ensure improved security
in historical monuments, educational institutes, and places of religious prominence will create
growth opportunities for the market. TMR also expects the market to gain from the increasing
investment towards infrastructural development.
The report segments the global physical security market as:
Global Physical Security Market by Components: Hardware
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Intrusion detection and prevention
o Video surveillance
o Analog Cameras
o IP Cameras
o Digital video recorders (DVRs)
o Close circuit television (CCTV)
o Encoders
o Storage
o Network video recorders (NVRs)
Intrusion detection
o Panels
o Detectors
o Keypads
o Accessories
o Intruder alarms and locks
Access control
o Biometrics
 Fingerprint recognition
 Facial recognition
 Iris recognition
 Others (voice, signature, hand geometry, so on)
o RFID
 Active RFID
 Passive RFID
 Interrogators
o Card based access control
 Smart cards and readers
 Proximity cards and readers
 Controllers
 Others (touch screens and keypads, barcodes, magnetic stripes, so on)
o Others
 Fire and life safety
 Visitor management
 Backup power
Global Physical Security Market by Components: Software
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Physical security information management (PSIM)
Management analysis and modeling software
Global Physical Security Market by Components: By Services
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Video surveillance as a service (VSaaS)
Remote management services
Technical support
Public safety answering point (PSAP)
Security consulting
Public alert and warning system
Others (data source, hosted access control, managed access control, alert notification,
mobile security management)
Global Physical Security Market: Applications
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Transportation and logistics
o Aviation
o Rail
o Ports
o Road and city traffic
o New starts
Government and public sector
Control centers
Utilities/ energy markets
o Fossil generation facilities
o Oil and gas facilities
 Liquid natural gas facilities (import and export regulations and market
analysis)
o Nuclear power
o Solar
o Wind
o Hydro electric
Chemical facilities
Industrial (manufacturing sector excluding chemical facilities)
Retail
Business organizations (including IT sector)
Hospitality and casinos
Others (stadiums, educational and religious infrastructure, healthcare organizations)
Global Physical Security Market: Geography
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North America
Europe
Asia Pacific
Rest of the World (RoW)
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releases https://www.transparencymarketresearch.com/pressrelease/global-physicalsecurity-market.htm
Author
monali raghu
monali raghu349   documents Email
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