Global Physical Security Market to Exhibit Progressive 14.90% CAGR from 2013 to 2019
A new market research report has been recently published by Transparency Market Research and made available for sale on the company website. The research report, titled “Physical Security Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019,” provides a comprehensive analysis of the global physical security market, emphasizing on the market overview, market drivers and restraints, product segmentation, major geographical segments, current market trends, opportunities and challenges, and competitive landscape of the market.According to the research study, in 2012, the global market for physical security was worth US$48 bn and is estimated to reach a value of US$125 bn by the end of 2019. The market is anticipated to register a significant 14.90% CAGR between 2013 and 2019.
Browse the full Physical Security Market (Hardware, Software and Services) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at https://www.transparencymarketresearch.com/physical-security-market.html
The growing security concerns across the globe, rising budget allocation for physical security by several governments, growing adoption in business organizations, and complexity of vulnerabilities are the major factors that are expected to fuel the growth of the global physical security market in the coming years. In addition, the growing investments in infrastructure, introduction of the smart city concept, and technological developments are further expected to drive the global physical security market. On the other hand, privacy concerns against the installation of surveillance cameras and device interoperability issues are the key factors hampering the growth of the market.
On the basis of component, the global market for physical security is broadly divided into software and hardware. Among the major segments studied in the hardware segment, in 2012, the video surveillance segment dominated the overall market, holding a share of 72% in the global physical security market. Moreover, this segment is expected to witness rapid growth throughout the forecast period. On the other hand, in 2012, in the access control segment, the biometric segment accounted for a share of 38% in the global market. Furthermore, the software segment of the global physical security market is further segmented into management analysis and modeling software and physical security information management.
On the basis of application, the global market for physical security has been segmented into the public sector, industrial, business organizations, control centers, hospitality and casinos, government, retail, chemical facilities, transportation and logistics, utilities/energy, and others. Among all these segments, in 2012, the transportation and logistics segment led the overall market and is expected to remain in that position in the next few years.
On the basis of geography, the global physical security market is classified into Asia Pacific, North America, Europe, and Rest of the World. In 2012, the North America region led the overall physical security market. On the other hand, the Asia Pacific market is estimated to grow rapidly, registering a 17% CAGR between 2013 and 2019. The high growth of the market in this region can be attributed to the growing support from the government sector and police forces to develop effective security infrastructure and reduce the rate of terror attacks and crime.
The research study further talks about the competitive landscape of the global physical security market, including the company profile, contact information, product portfolio, financial overview, business policies, SWOT analysis, and recent developments such as major mergers and acquisitions. Some of the major players operating in the global physical security market are Nice Systems, Genetec, Cisco Systems, Assa Abloy, Honeywell Security Group, Vidsys, Pelco, MacAfee, EMC Corporation, Axis Communications, Siemens, IBM, Bosch Security Systems, Morpho SA, CSC, Tyco International Ltd, and Hikvision Digital Technology.
Key Segments of the Physical Security Market:
Intrusion detection and prevention
- Analog Cameras
- IP Cameras
- Digital video recorders (DVRs)
- Close circuit television (CCTV)
- Network video recorders (NVRs)
- Intruder alarms and locks
- Fingerprint recognition
- Facial recognition
- Iris recognition
- Others (voice, signature, hand geometry, so on)
- Active RFID
- Passive RFID
Card based access control
- Smart cards and readers
- Proximity cards and readers
- Others (touch screens and keypads, barcodes, magnetic stripes, so on)
- Fire and life safety
- Visitor management
- Backup power
- Physical security information management (PSIM)
- Management analysis and modeling software
- 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)
Transportation and logistics
- Road and city traffic
- New starts
- Government and public sector
- Control centers
Utilities/ energy markets
- Fossil generation facilities
Oil and gas facilities
- Liquid natural gas facilities (import and export regulations and market analysis)
- Nuclear power
- Hydro electric
- Chemical facilities
- Industrial (manufacturing sector excluding chemical facilities)
- Business organizations (including IT sector)
- Hospitality and casinos
- Others (stadiums, educational and religious infrastructure, healthcare organizations)
- North America
- Asia Pacific
- Rest of the World (RoW)
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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