1. Market Research
  2. > ICT
  3. > IT Hardware
  4. > Security Systems Market Trends
North America Physical Security Market by Component, System, Service, Organization Size And Vertical - Global Forecast to 2026

North America Physical Security Market by Component, System, Service, Organization Size And Vertical - Global Forecast to 2026

  • June 2021
  • 246 pages
  • ID: 6093880
  • Format: PDF
  • MarketsandMarkets

Summary

Table of Contents

Search Inside

The global North America physical security market size is projected to grow from USD 37.4 billion in 2021 to USD 48.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period. Major driving factors for the North America physical security market include rise in security breaches, fraud, and data identity thefts, surge in use of BYOD/ IoT devices, high demand for cloud-based physical security solutions and services, high volume of online transactions, increasing use of IP-based video surveillance camera systems, and stringent government regulations.
• By component, the services segment to register the highest growth rate during the forecast period

Based on component, the North America physical security market is segmented into systems and services.The services segment is estimated to have a larger market size and higher market share during the forecast period.

The services segment includes various services that are required to deploy, execute, and maintain the physical security solutions in an organization.During COVID-19, the growing concern of data breaches and privacy compliance regulations is making companies focus on adopting physical security solutions to achieve compliance, improved data security, and better flexibility in operations in North America.

Major physical security vendors are widely supporting organizations with quick support services in such unprecedented times.Financial services, healthcare, and the retail industry verticals have witnessed huge data losses due to security breaches.

As a result, they are highly dependent on physical security services for strengthening their cybersecurity capabilities.
• By systems, the video surveillance segment to hold the largest market size during the forecast period

The systems segment is sub segmented into Physical Access Control Systems (PACS); video surveillance system; perimeter intrusion detection and prevention; Physical Security Information Management (PSIM); Physical Identity and Access Management (PIAM); security scanning, imaging, and metal detection; and fire and life safety.The increasing concern for safety and the rising incidents of terrorism are expected to drive the demand for video surveillance systems globally.

Video surveillance systems, such as Internet Protocol (IP) cameras and High Definition (HD) CCTVs play a major role in securing critical infrastructures, government entities, and commercial properties in North America.Nowadays, with the advent of smart transportation, automatic vehicle management systems are being used.

Vehicle management systems help operators in identifying the vehicles moving within the premises.They further capture images of the drivers and the vehicles, providing greater flexibility and hassle-free asset tracking.

In Canada and the US, the use of video surveillance cameras at workplaces is quite common. The use has become more widespread. Video surveillance solutions are majorly deployed in high-risk spaces, such as retail stores, financial institutions, manufacturing plants, transportation hubs, casinos, public infrastructures, and roads. The high adoption of video surveillance systems to reduce security threats and control and monitor criminal activities is one of the major factors which is expected to propel the growth of the video surveillance system segment.

The US is expected to hold the largest market size during the forecast period
The US is estimated to account for the higher market share in the North America physical security market.Early adoption of physical security solutions and the presence of several vendors that provide physical security systems and services is expected to drive market growth in the country.

Businesses in this country are increasingly implementing physical security solutions to prevent cyber-attacks, identity thefts, and commercial espionage; and ensure security and privacy of data to facilitate business continuity. The growth of the market in the US can primarily be attributed to the presence of key physical security market vendors, investments and innovations, strict regulatory environment, and high technology adoption rates in the country.

Government initiatives, fund support, and R&D have helped develop physical security solutions and services in the US, which are factors driving the growth of the market.Government in the US is investing in a significant number of federal budgets for developing the countries’ physical security framework.

The growing use of advanced technologies, such as the cloud, mobility solutions, AI, and IoT, is expected to drive the need for deploying physical security solutions in North America.Moreover, the US is a hotbed for advanced cyber-crimes, which are increasingly penetrating the region with the onset of the COVID-19 pandemic.

Such cyber incidents are also a wake-up call for enterprises in the country to invest in physical security technology.
• By Company Type: Tier 1 – 24%, Tier 2 – 20%, and Tier 3 – 56%
• By Designation: C-level – 38%, D-level – 28%, and Others – 34%
• By Region: North America – 65%, Europe – 20%, Asia Pacific – 12%, RoW – 3%
Key and innovative vendors in the North America Physical Security market include ADT (US), Cisco (US), Honeywell (US), Johnson Controls (Ireland), TELUS (Canada), Anixter [WESCO] (US), Genetec (Canada), Bosch Building Technologies (Germany), STANLEY Security (US), GardaWorld (Canada), Convergint Technologies (US), Bell Canada (Canada), Paladin Security (Canada), DSC (US), DMP (US), Telsco (Canada), Axis Communication (Sweden), Hanwha Techwin America (US), FLIR Systems (US), Qolsys (US), Chubb Fire & Security (UK), Alarm.com (US), Avigilon (Canada), Tyco (Ireland), ICT (New Zealand), AMAG Technology (US), PTI Security Systems (US), Kantech (US), Feenics (Canada), Brivo (Canada), Exacq Technologies (US), SightLogix (US), Kairos (US), Immix (US), IOTAS (US), Verkada (US), Openpath (US), SmartCone Technologies (Canada), Cloudastructure (US), and Qognify (US).

Research Coverage
The market study covers the North America Physical Security market size across segments.It aims at estimating the market size and the growth potential of this market across different segments component, authentication type, model type, organization size, end user, and region.

The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the revenue numbers’ closest approximations for the overall North America Physical Security market and its sub-segments.This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.

The report will also help stakeholders understand the market’s pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Certificate Authority Market by Component, SSL Certification Validation Type, Organization Size, Vertical And Region - Global Forecast to 2026

  • $ 4950
  • December 2021
  • 285 pages

The global certificate authority market is estimated to account for USD 127 Million in 2021. It is projected to reach USD 226 Million, at a CAGR of 12.3% from 2021 to 2026. The major driving factors contributing ...

  • World
  • Europe
  • Security Systems
  • Digital Signature
  • Industry analysis
  • Internet Penetration
  • Gross Domestic Product

ref:plp2021

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on