Tuesday, 06 June 2023 06:46 GMT

Global Physical Security Market Report To 2026 - Digital Transformation Enabled By Video Security Systems Presents Opportunities

(MENAFN- GlobeNewsWire - Nasdaq)

Dublin, June 23, 2022 (GLOBE NEWSWIRE) -- The 'Physical Security Market with COVID-19 Impact Analysis by Component (Systems (PACS, PSIM, PIAM, Video Surveillance, Fire and Life Safety) and Services), Organization Size (SMEs and Large Enterprises), Vertical, and Region - Global Forecast to 2026' report has been added to ResearchAndMarkets.com's offering.
The global physical security market size is expected to grow from USD 102.7 billion in 2021 to USD 140.0 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 6.4% from 2021 to 2026.

The major factors fueling the physical security market include Rising instances of terrorist activities and security breaches to physical systems, Increasing use of IP-based cameras for video surveillance, and Increasing cyber threats to physical security systems.

Services to grow at a higher CAGR during the forecast period

The physical security market is segmented based on types of services into managed services and professional services. Managed service providers help customers and keep their physical security systems, solutions, hardware, and software updated with the latest available enhancements. The in-house capabilities of customers are enhanced, as MSPs safeguard physical and IT system assets.

The professional services segment includes various services that are required to deploy, execute, and maintain physical security platforms in organizations. As the adoption of these platforms increases, the demand for these services is also expected to increase. The services in the physical security market are critical as they provide support for the proper functioning of the software and hardware-based solutions. physical security services comprise technical support services that require the effective integration of physical security solutions. Technical expertise is required to maintain and update physical security hardware and software.
In organization size segment, Large enterprises to have a higher market share during the forecast period

The large enterprises are highly dependent on physical security systems to protect their highly critical information. To protect their sensitive information from cyberattacks, data thefts, and unauthorized access, large corporations are quickly moving to physical security solutions.

The increasing complexity of threats and the growing sophisticated attacks are forcing large corporations and governments to regularly upgrade their security systems. Businesses that possess a large amount of sensitive and personal information run the highest risk of being targeted by cyber threats.

These threats could result in immense financial losses, information security incidents, and data breaches. Large enterprises have adopted physical security solutions as they largely use the cloud, BYOD devices, mobile devices, and IoT-based applications that are highly susceptible to cyberattacks. Amplifying internet penetration and increasing eCommerce activities are expected to increase the adoption of physical security technology across large firms.
Among, larger firms, critical infrastructure and critical information industries are the major adopters of physical security solutions and services. For example, Manitoba Hydro, the major energy utility company in the province of Manitoba, Canada, upgraded to Genetec Security Center for video surveillance, access control, and intrusion detection. physical security governance laws in the region also support a drive to boost the adoption rate of physical security solutions among large enterprises.

Key Topics Covered:

1 Introduction
2 Research Methodology
3 Executive Summary

4 Premium Insights
4.1 Brief Overview of the Physical Security Market
4.2 Market, by System, 2021
4.3 Market, by Vertical, 2021
4.4 Market Investment Scenario

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Rising Instances of Terrorist Activities and Security Breaches to Physical Systems Increasing Use of IP-Based Cameras for Video Surveillance Increasing Adoption of 'As a Service' Model Increasing Cyber Threats to Physical Security Systems
5.2.2 Restraints Violation of Privacy Considerable False Alarm Rates Lack of Efficient Storage and Data Management Capacities
5.2.3 Opportunities Digital Transformation Enabled by Video Security Systems Integration of Technologies, Such as Ai, Ml, and Analytics, in Physical Security Adoption of Iot-Based Security Systems with Cloud Computing Platforms Convergence of Multiple Physical Security Systems
5.2.4 Challenges Integration of Logical and Physical Components of Security Systems High Installation and Maintenance Costs for Smes
5.3 COVID-19-Driven Market Dynamics
5.3.1 Cumulative Growth Analysis
5.3.2 COVID-19 Drivers and Opportunities Descriptive Information
5.3.3 COVID-19 Restraints and Challenges Descriptive Information
5.4 Ecosystem
5.5 Value Chain Analysis
5.6 Patent Analysis
5.7 Pricing Model Analysis
5.8 Technology Analysis
5.8.1 Physical Security and Ai/Ml
5.8.2 Physical Security and Cloud
5.8.3 Physical Security and Smart Devices
5.8.4 Physical Security and Wireless Security Systems
5.8.5 Physical Security and Contactless Biometrics
5.8.6 Physical Security and Drones
5.9 Use Cases
5.10 Trends and Disruptions Impacting Customers
5.11 Porter's Five Forces Analysis
5.12 Regulatory Implications
5.12.1 General Data Protection Regulation (Gdpr)
5.12.2 Sarbanes-Oxley (Sox) Act
5.12.3 Health Insurance Portability and Accountability Act
5.12.4 Health Information Technology for Economic and Clinical Health
5.12.5 Payment Card Industry Data Security Standard
5.12.6 Federal Information Processing Standards

6 Physical Security Market, by Component
6.1 Introduction
6.2 Systems
6.2.1 Systems: Market Drivers
6.2.2 Systems: COVID-19 Impact
6.3 Services
6.3.1 Services: Market Drivers
6.3.2 Services: COVID-19 Impact

7 Physical Security Market, by System
7.1 Introduction
7.2 Physical Access Control System
7.2.1 Physical Access Control Systems: Market Drivers
7.2.2 Physical Access Control Systems: COVID-19 Impact Drivers
7.2.3 Locks Mechanical Locks Electronic Locks
7.2.4 Biometrics Fingerprint Recognition Facial Recognition Other Biometrics
7.2.5 Smart Cards and Readers
7.2.6 Access Control Software
7.3 Video Surveillance Systems
7.3.1 Video Surveillance Systems: Physical Security Market Drivers
7.3.2 Video Surveillance Systems: COVID-19 Impact Drivers
7.3.3 Cameras Analog Cameras Ip Cameras
7.3.4 Recorders Digital Video Recorders Network Video Recorders
7.3.5 Video Analytics Software Video Management Software
7.4 Perimeter Intrusion Detection and Prevention
7.4.1 Perimeter Intrusion Detection and Prevention: Physical Security Market Drivers
7.4.2 Perimeter Intrusion Detection and Prevention: COVID-19 Impact Drivers
7.5 Physical Security Information Management
7.5.1 Physical Security Information Management: Market Drivers
7.5.2 Physical Security Information Management: COVID-19 Impact Drivers
7.6 Physical Identity Access Management
7.6.1 Physical Identity Access Management: Physical Security Market Drivers
7.6.2 Physical Identity Access Management: COVID-19 Impact Drivers
7.7 Security Scanning, Imaging, and Metal Detection
7.7.1 Security Scanning, Imaging, and Metal Detection: Market Drivers
7.7.2 Security Scanning, Imaging, and Metal Detection: COVID-19 Impact Drivers
7.8 Fire and Life Safety
7.8.1 Fire and Life Safety: Market Drivers
7.8.2 Fire and Life Safety: COVID-19 Impact Drivers

8 Physical Security Market, by Service
8.1 Introduction
8.2 Managed Services
8.2.1 Managed Services: Market Drivers
8.2.2 Managed Services: COVID-19 Impact Drivers
8.3 Professional Services
8.3.1 Professional Services: Market Drivers
8.3.2 Professional Services: COVID-19 Impact

9 Physical Security Market, by Organization Size
9.1 Introduction
9.2 Small and Medium-Sized Enterprises
9.2.1 Small and Medium-Sized Enterprises: Market Drivers
9.2.2 Small and Medium-Sized Enterprises: COVID-19 Impact
9.3 Large Enterprises
9.3.1 Large Enterprises: Market Drivers
9.3.2 Large Enterprises: COVID-19 Impact

10 Physical Security Market, by Vertical
10.1 Introduction
10.2 Banking, Financial Services, and Insurance
10.2.1 Banking, Financial Services, and Insurance: Market Drivers
10.2.2 Banking, Financial Services, and Insurance: COVID-19 Impact
10.3 Government
10.3.1 Government: Physical Security Market Drivers
10.3.2 Government: COVID-19 Impact
10.4 Retail
10.4.1 Retail: Market Drivers
10.4.2 Retail: COVID-19 Impact
10.5 Transportation
10.5.1 Transportation: Market Drivers
10.5.2 Transportation: COVID-19 Impact
10.6 Residential
10.6.1 Residential: Physical Security Market Drivers
10.6.2 Residential: COVID-19 Impact
10.7 Telecom and It
10.7.1 Telecom and It: Market Drivers
10.7.2 Telecom and It: COVID-19 Impact
10.8 Other Verticals

11 Physical Security Market, by Region

12 Competitive Landscape
12.1 Overview
12.2 Historical Revenue Analysis
12.3 Market Share Analysis of Leading Players
12.4 Market Structure
12.5 Ranking of Key Players
12.6 Competitive Scenario
12.6.1 Recent Developments
12.7 Market Evaluation Framework
12.8 Company Evaluation Quadrant
12.8.1 Company Evaluation Quadrant Definitions and Methodology
12.9 Competitive Benchmarking
12.9.1 Company Footprint
12.10 Competitive Leadership Mapping
12.10.1 Stars
12.10.2 Emerging Leaders
12.10.3 Pervasive Players
12.10.4 Participants
12.11 Startup/SME Evaluation Quadrant
12.11.1 Progressive Companies
12.11.2 Responsive Companies
12.11.3 Dynamic Companies
12.11.4 Starting Blocks

13 Company Profiles
13.1 Introduction
13.2 Key Players
13.2.1 Adt
13.2.2 Cisco
13.2.3 Honeywell
13.2.4 Johnson Controls
13.2.5 Telus
13.2.6 Anixter (Wesco)
13.2.7 Genetec
13.2.8 Bosch Building Technologies
13.2.9 Hid Global
13.2.10 Pelco
13.2.11 Hikvision
13.3 Other Players
13.3.1 Gallagher
13.3.2 Secom
13.3.3 Allied Universal
13.3.4 Zhejiang Dahua Technology
13.3.5 Stanley Security
13.3.6 Axis Communications
13.3.7 Hanwha Techwin America
13.3.8 Teledyne Flir
13.3.9 Hexagon Ab
13.3.10 General Dynamics
13.3.11 Bae Systems
13.3.12 Huawei
13.3.13 Nec
13.4 Start-Ups
13.4.1 Qognify
13.4.2 Smartcone Technologies
13.4.3 Verkada
13.4.4 Iotas
13.4.5 Cloudastructure

14 Appendix

For more information about this report visit


  • Global Physical Security Market

Global Physical Security Market Global Physical Security Market Tags Alarms Perimeter Intrusion Perimeter Intrusion Detection Physical Security Security Services Security Solution


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.