The Worldwide Physical Security Industry Is Expected To Grow...| MENAFN.COM

Sunday, 03 July 2022 05:55 GMT

The Worldwide Physical Security Industry Is Expected To Grow To $140 Billion By 2026'


(MENAFN- PR Newswire)

DUBLIN, June 23, 2022 /PRNewswire/ -- 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 Market4.2 Market, by System, 20214.3 Market, by Vertical, 20214.4 Market Investment Scenario

5 Market Overview and Industry Trends 5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Rising Instances of Terrorist Activities and Security Breaches to Physical Systems5.2.1.2 Increasing Use of IP-Based Cameras for Video Surveillance5.2.1.3 Increasing Adoption of 'As a Service' Model5.2.1.4 Increasing Cyber Threats to Physical Security Systems5.2.2 Restraints5.2.2.1 Violation of Privacy5.2.2.2 Considerable False Alarm Rates5.2.2.3 Lack of Efficient Storage and Data Management Capacities5.2.3 Opportunities5.2.3.1 Digital Transformation Enabled by Video Security Systems5.2.3.2 Integration of Technologies, Such as Ai, Ml, and Analytics, in Physical Security5.2.3.3 Adoption of Iot-Based Security Systems with Cloud Computing Platforms5.2.3.4 Convergence of Multiple Physical Security Systems5.2.4 Challenges5.2.4.1 Integration of Logical and Physical Components of Security Systems5.2.4.2 High Installation and Maintenance Costs for Smes5.3 COVID-19-Driven Market Dynamics5.3.1 Cumulative Growth Analysis5.3.2 COVID-19 Drivers and Opportunities Descriptive Information5.3.3 COVID-19 Restraints and Challenges Descriptive Information5.4 Ecosystem5.5 Value Chain Analysis5.6 Patent Analysis5.7 Pricing Model Analysis5.8 Technology Analysis5.8.1 Physical Security and Ai/Ml5.8.2 Physical Security and Cloud5.8.3 Physical Security and Smart Devices5.8.4 Physical Security and Wireless Security Systems5.8.5 Physical Security and Contactless Biometrics5.8.6 Physical Security and Drones5.9 Use Cases5.10 Trends and Disruptions Impacting Customers5.11 Porter's Five Forces Analysis5.12 Regulatory Implications5.12.1 General Data Protection Regulation (Gdpr)5.12.2 Sarbanes-Oxley (Sox) Act5.12.3 Health Insurance Portability and Accountability Act5.12.4 Health Information Technology for Economic and Clinical Health5.12.5 Payment Card Industry Data Security Standard5.12.6 Federal Information Processing Standards

6 Physical Security Market, by Component 6.1 Introduction6.2 Systems6.2.1 Systems: Market Drivers6.2.2 Systems: COVID-19 Impact6.3 Services6.3.1 Services: Market Drivers6.3.2 Services: COVID-19 Impact

7 Physical Security Market, by System 7.1 Introduction7.2 Physical Access Control System7.2.1 Physical Access Control Systems: Market Drivers7.2.2 Physical Access Control Systems: COVID-19 Impact Drivers7.2.3 Locks7.2.3.1 Mechanical Locks7.2.3.2 Electronic Locks7.2.4 Biometrics7.2.4.1 Fingerprint Recognition7.2.4.2 Facial Recognition7.2.4.3 Other Biometrics7.2.5 Smart Cards and Readers7.2.6 Access Control Software7.3 Video Surveillance Systems7.3.1 Video Surveillance Systems: Physical Security Market Drivers7.3.2 Video Surveillance Systems: COVID-19 Impact Drivers7.3.3 Cameras7.3.3.1 Analog Cameras7.3.3.2 Ip Cameras7.3.4 Recorders7.3.4.1 Digital Video Recorders7.3.4.2 Network Video Recorders7.3.5 Video Analytics Software7.3.5.1 Video Management Software7.4 Perimeter Intrusion Detection and Prevention7.4.1 Perimeter Intrusion Detection and Prevention: Physical Security Market Drivers7.4.2 Perimeter Intrusion Detection and Prevention: COVID-19 Impact Drivers7.5 Physical Security Information Management7.5.1 Physical Security Information Management: Market Drivers7.5.2 Physical Security Information Management: COVID-19 Impact Drivers7.6 Physical Identity Access Management7.6.1 Physical Identity Access Management: Physical Security Market Drivers7.6.2 Physical Identity Access Management: COVID-19 Impact Drivers7.7 Security Scanning, Imaging, and Metal Detection7.7.1 Security Scanning, Imaging, and Metal Detection: Market Drivers7.7.2 Security Scanning, Imaging, and Metal Detection: COVID-19 Impact Drivers7.8 Fire and Life Safety7.8.1 Fire and Life Safety: Market Drivers7.8.2 Fire and Life Safety: COVID-19 Impact Drivers

8 Physical Security Market, by Service 8.1 Introduction8.2 Managed Services8.2.1 Managed Services: Market Drivers8.2.2 Managed Services: COVID-19 Impact Drivers8.3 Professional Services8.3.1 Professional Services: Market Drivers8.3.2 Professional Services: COVID-19 Impact

9 Physical Security Market, by Organization Size 9.1 Introduction9.2 Small and Medium-Sized Enterprises9.2.1 Small and Medium-Sized Enterprises: Market Drivers9.2.2 Small and Medium-Sized Enterprises: COVID-19 Impact9.3 Large Enterprises9.3.1 Large Enterprises: Market Drivers9.3.2 Large Enterprises: COVID-19 Impact

10 Physical Security Market, by Vertical 10.1 Introduction10.2 Banking, Financial Services, and Insurance10.2.1 Banking, Financial Services, and Insurance: Market Drivers10.2.2 Banking, Financial Services, and Insurance: COVID-19 Impact10.3 Government10.3.1 Government: Physical Security Market Drivers10.3.2 Government: COVID-19 Impact10.4 Retail10.4.1 Retail: Market Drivers10.4.2 Retail: COVID-19 Impact10.5 Transportation10.5.1 Transportation: Market Drivers10.5.2 Transportation: COVID-19 Impact10.6 Residential10.6.1 Residential: Physical Security Market Drivers10.6.2 Residential: COVID-19 Impact10.7 Telecom and It10.7.1 Telecom and It: Market Drivers10.7.2 Telecom and It: COVID-19 Impact10.8 Other Verticals

11 Physical Security Market, by Region

12 Competitive Landscape 12.1 Overview12.2 Historical Revenue Analysis12.3 Market Share Analysis of Leading Players12.4 Market Structure12.5 Ranking of Key Players12.6 Competitive Scenario12.6.1 Recent Developments12.7 Market Evaluation Framework12.8 Company Evaluation Quadrant12.8.1 Company Evaluation Quadrant Definitions and Methodology12.9 Competitive Benchmarking12.9.1 Company Footprint12.10 Competitive Leadership Mapping12.10.1 Stars12.10.2 Emerging Leaders12.10.3 Pervasive Players12.10.4 Participants12.11 Startup/SME Evaluation Quadrant12.11.1 Progressive Companies12.11.2 Responsive Companies12.11.3 Dynamic Companies12.11.4 Starting Blocks

13 Company Profiles 13.1 Introduction13.2 Key Players13.2.1 Adt13.2.2 Cisco13.2.3 Honeywell13.2.4 Johnson Controls13.2.5 Telus13.2.6 Anixter (Wesco)13.2.7 Genetec13.2.8 Bosch Building Technologies13.2.9 Hid Global13.2.10 Pelco13.2.11 Hikvision13.3 Other Players13.3.1 Gallagher13.3.2 Secom13.3.3 Allied Universal13.3.4 Zhejiang Dahua Technology13.3.5 Stanley Security13.3.6 Axis Communications13.3.7 Hanwha Techwin America13.3.8 Teledyne Flir13.3.9 Hexagon Ab13.3.10 General Dynamics13.3.11 Bae Systems13.3.12 Huawei13.3.13 Nec13.4 Start-Ups13.4.1 Qognify13.4.2 Smartcone Technologies13.4.3 Verkada13.4.4 Iotas13.4.5 Cloudastructure

14 Appendix

For more information about this report visit

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