Physical Security Market By Offering (Hardware, Software, Services);By End User (Transportation, Government, Banking & Finance, Utility & Energy, Residential, Industrial, Retail, Commercial, Hospitality, Others); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2022-2032
Physical Security Market Overview
The global physical security market size was valued at around USD 3.8 billion in 2022 and is projected to grow at a compound annual rate of growth (CAGR) of around 7.3% from 2022 to 2032.The market size is projected to succeed in USD 7.2 billion by 2032.
Rising criminal activities such as theft, burglary, among others is expected to strengthen the growth of the market. Addition to that, rising investment of safety and security infrastructure is expected to foster the growth of the market. Further, development of residential and commercial buildings across the globe has raised the demand for physical security. This factor is envisioned to bolster the growth of the market.
Technological advancements such as integration of Internet of Things into security services is also believed to foster the growth of the market. In addition, IoT enables physical security services helps to deter crime incidence at higher rate. Further, physical security providers are focusing on deployment of advanced security technologies which in turn, is expected to impel the demand for such services.
Development of smart cities in various nations is believed to offer significant growth opportunities to the growth of market. Further, rising real estate industries in growing economies is further believed to offer significant growth opportunities to market.
Physical Security Market Regional Outlook
In the terms of geography, the physical security market is analyzed into North America, Latin America, Asia Pacific, Europe and Middle East & Africa. Among these regions, North America is slated to account for highest percentage of market share in overall physical security market during the forecast period. Presence of various key service providers in the region is expected to positively impact the growth of North America physical security market. Asia Pacific physical security market accounted for second position in overall physical security market in 2019.
Physical Security Market Segmentation
The research offers a comprehensive analysis of physical security market with respect to following sub-markets:
By Offering
- Hardware
- - - Video Surveillance
- - - Intrusion Detection
- - - Access Control
- - - Others
- Software
- Services
- - - System Integration
- - - Remote Monitoring
- - - Others
By End User
- Transportation
- Government
- Banking & Finance
- Utility & Energy
- Residential
- Industrial
- Retail
- Commercial
- Hospitality
- Others
By Geography
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Physical Security Market Competitive Landscape
The report profiles various major market players such as;
- ADT Inc.
- Bosch Building Technologies
- Cisco Systems, Inc.
- Honeywell International Inc.
- Johnson Controls International plc
- Anixter International Inc.
- Genetec (Canada), Secom Co., Ltd
- G4S plc
- Pelco by Schneider Electric
- Zhejiang Dahua Technology Co., Ltd.
- Kastle Systems
- Hikvision Digital Technology Co.,Ltd.
- STANLEY Convergent Security Solutions, Inc.
- Axis Communications (Sweden)
- Others Major and Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.
The study also provides company’s positioning and market share in physical security market.
Timeline Considered for Analysis:
- 2021: Base Year
- 2022: Estimated Year
- 2022 to 2032: Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global physical security market by the following segments:
- Offering
- End User
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Key Questions Answered in the Global Physical Security Industry Report;
- What is the overall market size in 2021? What will be the market growth during the forecast period i.e. 2022-2032?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
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- Publication date: 9th December 2023
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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