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Physical Security Market by Type, & Service, Vertical And Region - Global Forecast to 2021

Physical Security Market: Global Forecast until 2021

  • March 2017
  • 158 pages
  • ID: 4784300
In this report:
The hospitality & residential segment in North America is expected to grow from USD ##.## billion in 2016 to USD ##.## billion in 2021, at a CAGR of ##.##% from 2016 to 2021.
North America accounted for the largest share of ##.##% of the physical security market in 2016 whereas the market in Asia-Pacific is expected to grow at the highest CAGR of ##.##% from 2016 to 2021.

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Need to protect business assets, employees, and consumers against growing incidences of terror attacks is predicted to push the increase of the physical security market

The physical security market is forecasted to grow from ~$69.6B in 2016 to ~$112.4B by 2021, at a compound annual growth rate of 10.10 percent between 2016 and 2021. The sector is anticipated to witness significant rise in near future, due to the need to protect business assets, employees, and clients against increasing incidences of terror attacks. Growing use of internet of things and smart technologies also anticipated to drive the increase of the physical security market. Lack of correlation among security solutions can acts as a restraint for the increase ot the physical security market

Established on category, the system segment is forecasted to dominate the physical security market during the outlook period

Established on category, the system segment of the physical security market is forecasted to dominate the industry during the estimate period. The rising concern for safety and security is predicted to push the demand for physical security system market. The growing incidences of terrorism & cyber-attacks are also contributing to the increase of this segment

Established on service, the designing & consulting service segment of the physical security market is anticipated to witness more considerable rise during the outlook period

Established on service, the designing & consulting service segment of the physical security market is expected to witness more significant increase during the estimate period. The increasing demand to enhance security measures to protect the assets of organizations is anticipated to fuel the rise of the designing & consulting service segment

North America continent is forecasted to dominate the physical security market during the outlook period

North America (NA) is expected to dominate the physical security market during the estimate period, due to the high adoption of physical security solutions and services across different industries, including transportation, commercial buildings, government & defense areas, and critical infrastructures, including nuclear plants, chemical industries, and oil & gas facilities across the territory. The Asia-Pacific physical security market is anticipated to witness more important increase during the outlook period, due to the increased incidences of terror attacks in this area.

Breakdown of profiles of primaries is presented below:

• By Company category: Tier 1 60.0 percent, Tier 2 - 20.0 percent, and Tier 3 - 20.0 percent

• By Description: C-suite - 30.0 percent, Director-level - 40.0 percent, and Others - 30.0 percent

• By Area: North America continent - 55.0 percent, EU - 25.0 percent, Asia-Pac - 20.0 percent

Research Coverage: This analysis offers in-depth segmentation of the physical security market established on category, vertical, and area. Established on type the market has been broken down into system and service.

The system segment is further split into access control, video surveillance, physical security information management, perimeter intrusion detection & prevention, security scanning, imaging & metal detection, and fire & life safety.

Established on service the market has been divided into system integration, maintenance & support and designing & consulting. Based on vertical, the sector has been broken down into government, defense & public market; transportation & logistics; telecom & IT; Banking, Financial services and Insurance (BFSI); education; retail; oil, gas & energy; hospitality & residential; and others (healthcare, chemical/pharma, manufacturing, and utilities). The geographic review includes localities, like North America, Europe (EU), Asia Pacific (APAC), Middle East (ME) & African continent, and Latin America area.

Main highlights

The analysis will facilitate industry top players/new sector entrants in these ways:

1. This report comprehensively segments the physical security market, and offers closest approximations of revenue numbers for the global market and segments across different areas.

2. The market research benefits partners to comprehend the pulse of the sector and offers them information on key market drivers, market restraints, opportunities, and alternatives in the physical security market.

3. This industry report benefits partners to obtain better understanding of their competitors, and obtain more insight to improve their rank and business in the physical security market. The competitive outlook section includes recent product launches, strategic agreements, collaborations & alliances, acquisitions, and business developments undertaken by the top players in the physical security market.

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