Physical Security Market is Set to 105.26 Billion USD by 2020


Posted February 10, 2017 by nilkanth

Physical Security Market categorizes the global market by system as access control, IP video surveillance software, locks,PSIM,PID, by services as system integration, maintenance & support, and designing & consulting, & by region.

 
The report "Physical Security Market by System (Access Control, IP Video Surveillance Software, Locks, PSIM, PID), Services (System Integration, Maintenance & Support, and Designing & Consulting), Vertical, and Region - Global Forecast to 2020", the global physical security market has been segmented on the basis of systems, services, verticals, and regions. Access control, video surveillance, physical security information management, perimeter intrusion detection, screening and scanning, and safety and security are the key systems of physical security.

Global physical security market to grow from USD 65.41 Billion in 2015 to USD 105.26 Billion by 2020, at a CAGR of 9.98% from 2015 to 2020. The video surveillance segment is expected to be dominating the physical security market, having been projected to grow at the highest CAGR during forecast period of 2015 to 2020.

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These solutions helps enterprises worldwide to maintain user identities and their related access permissions. A few systems, such as surveillance through traditional CCTV, are being replaced with IP video surveillance because of the various benefits offered by IP networks. The shift from analog to IP have led organizations to spend on technologies that are scalable and add security services in order to improve their business. This will enable the right individuals to access the right resources at the right time. Asia-Pacific is one of the emerging markets for physical security solutions and services.

The physical security market report further provides global adoption trends, future growth potential, and competitive benchmarking of leading players in this industry. These players include Anixter International, Cisco, Hewlett-Packard, IBM, EMC Corporation, Lockheed Martin, Schneider Electric, and CSC, who have been profiled in terms of their product offering, key strategies, and operational parameters.

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Issued By MarketsandMarkets
Country India
Categories Family , Security , Services
Tags access control systems market , physical security , physical security market
Last Updated February 10, 2017