Global physical security market is projected to exhibit a CAGR of over 8% during the forecast period, on account of increasing incidents of terror attacks. Physical security refers to security measures designed for the protection or prevention of unauthorized access to equipment, facilities or resources and other properties from damage and unauthorized physical access. Physical security involves the use of multiple layers which include video surveillance and access control, so as to protect resources. Technological advancements, increasing implementation of mobile based access control and growing deployment of wireless technology in security systems are expected to drive global physical security market in coming years.
Physical security market can be segmented based on the component and end-user. Based on the component, the market can be segmented into hardware, software and services.
North America dominated global physical security market in 2020 and the region is expected to maintain its leading position during the forecast period as well, on account of growing need for safety against increasing criminal activities and technological developments, in addition to preventing illegal immigration. Moreover, presence of leading players in the region is likely to positively impact the market. Over the coming years, physical security market in Asia-Pacific is anticipated to register strong growth, owing to increasing development activities in economies such as China and India.
Major players operating in global physical security market are
Years considered for this report
Historical Years2016-2019
Base Year2020
Estimated Year2021
Forecast Period2022-2026
Objective of the Study
- To analyze and forecast global physical security market size.
- To classify and forecast global physical security market based on component, end user and regional distribution.
- To identify drivers and challenges for global physical security market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global physical security market.
- To conduct the pricing analysis for global physical security market.
- To identify and analyze the profile of leading players operating in global physical security market.
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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of service providers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include service providers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the service offerings, distribution channels and presence of all major service providers across the globe.
Market Insights Research calculated global
Key Target Audience
- Physical Security service providers
- Security and intelligence service providers
- Research organizations and consulting companies
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to physical security
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
