Physical Security Market

Market overview
The physical security system is utilized to decrease unapproved access in offices, assets and
gear, thereby shielding the workforce as well as property from the harm or other external
damage. Physical security assures surge, flame, cataclysmic events, burglary, thievery and
vandalism as well.
The physical security market is estimated to rise from USD 84.1 Billion in 2018 to USD
119.4 Billion by 2023, expanding at a CAGR of 7.3% during the forecast period.
Recent developments
· In October 2017, Hangzhou Hikvision Digital Technology Co. released a new range of
portable and fixed Under-Vehicle Surveillance Systems (UVSS). These assists end users in
launching a high level of safety at hotels, airports, etc.
· In November 2017, Honeywell International Inc. presented a self-installed, Smart Home
Security System, an all-in-one security solution.
Market Drivers and Restrains
The increasing need for physical security is one of the main factors expected to increase the
market. Reasons, such as amplified spending on guard to protect critical assets of
organizations and quick adoption of cloud-based data storages and improved analytics, and
technological innovations in video surveillance and access control, are also projected to lift
the market growth.
The unstable focus from traditional systems, such as alarm systems, badge readers, and door
locks, to advanced logical security solutions, which contain threat management, breach
detection, and intrusion prevention, of various organizations and government agencies will
support the development.
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Report is segmented as
By Component
Systems (PACS, PSIM, PIAM, Video Surveillance, Fire and Life Safety)
Services (ACAAS, VSAAS, Remote Monitoring, Security Systems Integration )
Geographical Segmentation:
Based on geography region, the market is analysed under several regions such as North
America, Europe, Asia-Pacific and the Rest of the World. The North American region held
the highest share of the global Physical Security Market.
Key market players:
Honeywell International, Inc.
Hangzhou Hikvision Digital Technology Co., Ltd.
Robert Bosch GmbH
Johnson Control International Plc
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations
of market potential and forecasts with utmost granularity. Along this, the factors influential
in influencing the market dynamics and trends discussed in detail at the product level.
Further, the performance of the market at the regional and country-level had assessed and
the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance,
market position and growth strategies. Comparative analysis on prime strategically activities
of the market players delineating the key developments like mergers & acquisitions,
collaborations and an evaluation of the competitive environment within the industry had
provided. The report also provides a broad outlook of the current market along with
recommendations from industry experts on the opportunities for investment activity.
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