Global Physical Security Market is valued USD 136.2 million in 2016 is anticipated to grow USD 293.86 million with the compounded annual growth of 8.92% over the forecast period 2018-2025.
New York 20 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Physical Security market industry is poised to raise USD 293.86 million by 2025. The major factors expected to augment the market are rising budget of the organization to realign and redefine their security strategy and the need of a physical safety to an environment aimed to mitigate or reduce crime or vandalism through theft, burglaries, and fire. Physical security is the protection of personnel, hardware, software, networks, and data from physical actions and events that could cause serious loss or damage to an enterprise, agency or institution. This includes protection from burglary, fire, natural disasters, terrorism, flood, vandalism, and theft.
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Global Physical Security Market Size Study, By Component (Services, Software, and Hardware), By Hardware (Access Control, Intrusion Detection, and Video Surveillance), By Services (Remote Monitoring, and System Integration), By End-Use Vertical, and By Regional Forecasts, 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Honeywell International Inc., ADT LLC, Siemens AG, Cisco Systems Inc., Hangzhou Hikvision Digital Technology Co., Ltd., Robert Bosch GmbH, Genetec Inc., Pelco, Johnson Control International Plc, IDEMIA, and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North American region accounted for the leading market share, more than XX % of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Access Control
- Intrusion Detection
- Video Surveillance
- Remote Monitoring
- System Integration
- Banking & Financial Services
- Utility & Energy
- North America
- Asia Pacific
- Latin America
- Rest of the World