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

2020-08-05
Price :
Published : Aug-2020
No. of Pages : 367

Rising incidents of terror attacks, technological advancements and deployment of wireless technology in security systems, and increasing use of Internet Protocol (IP)-based cameras for video surveillance are expected to drive the overall growth of the physical security market across the globe.

The physical security market is projected to grow from USD 93.5 billion in 2020 to USD 120.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.2% from 2020 to 2025.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. However, violation of privacy related to physical security systems and services is expected to restrict the growth of the market across the globe.

Based on component, the services segment is expected to grow with the fastest growth rate in 2020.

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. This integration enhances property safety and reduces loss from thefts. Moreover, the service segment is being continuously affected by the introduction of the integrated Social, Mobile, Analytics, and Cloud (SMAC) solution, which need proper monitoring.

Based on organization size, the large enterprises segment is expected to lead the physical security market in 2020.

The large enterprises segment is expected to lead the physical security market in 2020. These enterprises were the early adopters of physical security solutions and services, as they have larger revenue pool to spend and a larger infrastructure to be protected. High spending on security, followed by the high need for securing large assets is leading large enterprises to contribute to a higher market share in the physical security market.

The residential vertical to lead the physical security market in 2020.

Business and recreational travelers demand safe and secure hotel accommodation with responsive and friendly customer service. The residential segment faces the challenge to manage security without violating the privacy of their guests, comfort, and travel experiences.In residential premises, the implementation of access control and video surveillance security systems is growing. The residential properties are installing access control systems to prevent invasion and burglary. There is also an increasing demand for access control systems to minimize unauthorized access. Residential properties are increasingly adopting electronic lock-based access control systems. The demand for electronic products is growing with the increased home automation trend.

The Asia Pacific (APAC) physical security market is projected to grow at the highest CAGR during the forecast period.

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.Security systems are expected to witness increasing adoption in APAC as the countries in the region are emerging economies with a growing number of manufacturing bases, and there is also a constant risk of terror threats in the region.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the physical security market.

  • By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
  • By Designation: C-level – 45%, Directors – 30%, and Others – 25%
  • By Region: North America – 35%,Europe– 20%, Asia Pacific– 30%,and RoW – 15%

The major vendors of physical security solutions and services include 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), and Axis Communications (Sweden).The study included an in-depth competitive analysis of these key players with their company profiles, recent developments, and key growth strategies adopted by them.

Research coverage

The market study covers the physical security market across different segments. It aims at estimating the market size and the growth potential of this market across different segments based on component, organization size, vertical and region. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key benefits of buying the 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. The report also aims at helping stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

Filed in: Information Technology
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

Smart City Platforms Market by Offering (Platforms (Connectivity Management Platform, Integration Platform, Device Management Platform, Security Platform, and Data Management Platform) and Services), Delivery Model, and Region – Global Forecast to 2025

Increase in demand for platform providers is one of the major factors expected to drive the growth of the smart city platforms market The global smart city platforms market size is expected to grow from USD 138.7 billion in 2020 to USD 236.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 11.2% during the forecast period.A huge opportunity for platform provider vendors is available due to the implementation of integrated Internet of Things (IoT) solutions in a smart city. These IoT solutions have various segments, such as hardware, software, and cloud security services. Presently, platform providers have to install, manage, and maintain technological solutions provided for smart cities in an integrated platform on a regular basis. Platform providers act as intermediaries fo......
$4950

Anti-money Laundering Market by Component, Solution (KYC/CDD and Watchlist, Transaction Screening and Monitoring), Deployment Mode, End User (Banking and Financials, Gaming/Gambling Organizations), and Region – Global Forecast to 2025

The global post-COVID-19 AML Solution market size to grow at a Compound Annual Growth Rate (CAGR) of 15.6% during the forecast period MarketsandMarkets forecasts the globalpost-COVID-19 AML Solution market size to grow from USD 2.2 billion in 2020 to USD 4.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.6% during 2020–2025. The major growth drivers for the market include stringent government regulation and increased focus of financial institutions on digital payment related issues. However, increased complexities of AML solutions limiting ability of early detection of frauds is restraining the market. Transaction Screening and Monitoring Solution to grow at the highest rate during the forecast period The transaction screening and monitoring solution is developed......
$4950

Artificial Intelligence (Chipsets) Market by Technology (Machine learning, Natural Language Processing, Context Aware Computing, Computer Vision), Hardware (Processor, Memory, Network), End-User Industry, and region – Global Forecast to 2026

“The AI (chipsets) market is projected to grow at a CAGR of 40.1% from 2020 to 2026.” The global AI (chipsets) market size is expected to be valued at USD 7.6 billion in 2020 and is likely to reach USD 57.8 billion by 2026, at a CAGR of 40.1% during the forecast period. Major drivers for the market are increasingly large and complex datasets driving the need for AI, the adoption of AI for improving consumer services & reducing operational costs, the growing number of AI applications, the improving computing power, and growing adoption of deep learning and neural networks. The major restraint for the market is the lack of a skilled workforce. Critical challenges facing the AI (chipsets) market include low return on investment, creating models & mechanisms for AI, and the a......
$4950

Digital Signature Market by Component (Solutions and Services), Solution (Software and Hardware), Deployment Mode, Organization Size, Vertical (BFSI, Government, Healthcare and Life Sciences, Legal, Real Estate), and Region – Global Forecast to 2026

Government initiatives and transition toward digitalization to drive the overall growth of the digital signature market. The digital signature market is projected to grow from USD 2.8 billion in 2020 to USD 14.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 31.0% during the forecast period. Government initiatives and transition toward digitalization to drive the overall market growth. By component, services segment to grow at a higher CAGR during the forecast period The services in the digital signature market are critical as they provide support for proper functioning of software and hardware solutions. Digital signature services comprise technical support services required to effectively integrate digital signature solutions, and technical expertise required to mai......
$4950

Digital Logistics Market by Solution (Asset Management, Warehouse Management, Data Management and Analytics, Security, Network Management), Service, Function (Warehouse Management, Transportation Management), Vertical, and Region – Global Forecast to 2025

“Exponential growth in the eCommerce industry  to drive the growth of the digital logistics market” The global digital logistics market size is expected to grow from USD 17.4 billion in 2020 to USD 46.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.7% during the forecast period. The rise in e-commerce activities requires logistics providers to operate faster and more efficiently to rapidly process small individual orders. Online customers expect order accuracy, same-day or same-hour delivery, and free returns. E-commerce companies are exploring ways to reduce order delivery times and operational costs. The e-commerce industry drives the demand for transparency, affordability, convenience, and speed in delivery as well as compelling frictionless returns. To cater to......
$4950

Image Recognition in CPG Market by Component (Hardware, Solutions & Services), Application (Inventory Analysis, Product and Shelf Monitoring Analysis & Gauging Emotions), Deployment Mode, End User (Online & Offline), and Region – Global Forecast to 2025

“Need for efficient and profitable retail execution processes with adherence to compliance standards expected to drive the growth of the image recognition in CPG market” The global image recognition in CPG market size is expected to grow from an estimated value of USD 1.4 billion in 2020 to USD 3.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.7 % from 2020 to 2025. The image recognition in CPG industry is driven by various factors, such as Increased in the need for efficient and profitable retail execution processes with adherence to compliance standards and technological advancements to boost the adoption of image recognition in CPG market across the globe during the forecast period.However, High installation cost of image recognition services can hinder the growt......
$5650

Industrial Cybersecurity Market by Security type (Network, Endpoint, Application, Cloud, Wireless and Others), Offering (Products and Solutions & Services), End-User (Power, Utilities, Transportation, Chemicals & Manufacturing and Others) & Geography – Global Forecast to 2025

“ICS market is projected to grow at CAGR of 5.8% from 2020 to 2025” The ICS market is expected to grow at a CAGR of 5.81% from USD 16.9 billion in 2020 to USD 22.5 billion. Increasing cyber-attacks on various industries to increase the industrial cybersecurity market. “ICS market for application security expected to grow at highest CAGR during forecast period” Application security refers to the security of software and code from external and internal threats, including web attacks, DDoS attacks, site scraping, and fraud. It involves security policies to protect industrial applications and confidential information from both random and targeted application security attacks. It is a structured practice for the protection of applications, using hardware, software, and operatio......
$4950

Hadoop Big Data Analytics Market by Component (Solutions and Service), Deployment Mode, Organization Size, Business Function, Vertical (BFSI, Healthcare and Life Sciences, Manufacturing), and Region – Global Forecast to 2025

 “Surging demand for enhancing customer experience and carrying out real-time patient health and asset monitoring, remotely, is expected to act as a growth opportunity for the Hadoop big data analytics market.” The global Hadoop big data analytics market size to grow from USD 12.8 billion in 2020 to USD 23.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 13.0% during the forecast period. Various factors such as the growing focus on digital transformation, rise in investments in analytics, increasing focus on remote monitoring in support of the COVID-19 pandemic, growing adoption of smart payment technologies, and business need to build a digital infrastructure for large-scale deployments are expected to drive the adoption of Hadoop big data analytics market. The object......
$4950

Industrial Control Systems (ICS) Security Market by Component, Solution (Antimalware/Antivirus, DDoS Mitigation, Encryption, Firewall, IDPS, Security and Vulnerability Management), Service, Security Type, Vertical, and Region – Global Forecast to 2025

An increase in the number of security breaches and cyberattacks and stringent government regulations is driving the growth of the global ICS security market The global ICS security market size in the post-COVID-19 scenario is projected to grow from USD 15.8 billion in 2020 to USD 22.2 billion by 2025 at a CAGR of 7.0% during the forecast period. An increasingnumber of security breaches and cyberattacks and a mandate to follow regulatory and data protection laws pertaining to industry security regulations have contributed to the growth of the ICS security market ecosystem. By component, solutions segment to lead the market in 2020 In the post-COVID-19 scenario, the solutions segment is expected to dominate the ICS security market during the forecast years. Continuing to deal with ......
$4950

J Sainsbury plc – Enterprise Tech Ecosystem Series

J Sainsbury plc - Enterprise Tech Ecosystem Series Summary J Sainsbury plc (Sainsbury's) is a multi-channel retailer that offers groceries, general merchandise, and clothing products through its retail outlets. The company operates supermarkets and convenience stores under the brand names Sainsbury's, Habitat, Tu, and Argos across the UK and Ireland. These stores offer grocery, general merchandize, fruits and vegetables, meat and fish, dairy, eggs, juice, chilled and frozen food, pet food, baby and toddler products, beer, spirits, and wine. Sainsbury's digital transformation strategies are primarily designed to make the company capable of serving its customers seamlessly through both online and offline channels with a fully-connected and agile retail ecosystem. With COVID-19 disrupti......
$1495
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy