Physical Security Equipment And Services Market By Technology (Physical Security Equipment, Physical Security Services), By Verticals (Government, Banking And Finance, Commercial, Residential, Transportation, Utilities And Energy) - Growth, Future Prospects & Competitive Analysis, 2016 - 2024

Physical security refers to the protection of various buildings and sensitive sites against any physical attack or damage. Physical security encompasses various aspects of building protection, including video surveillance of the site, access control for personnel entry, intruder detection, entrance control, and network infrastructure, among others. As a result, physical security solution providers provide integrated security systems that cover many of the systems mentioned above to ensure optimal security solutions. Apart from systems, companies also offer numerous physical security services in a subscription-based model. These services include video surveillance as a service (VSaaS), access control as a service (ACaaS), remote monitoring services, and other security system integration services, among others.

Physical security solutions have become pivotal for various institutions all across the world due to rising threats, physical attacks, and damage. Organizations from various end-use industries, including banking and finance, education, healthcare, commercial, government, manufacturing and industrial, retail, events, transportation, residential, utilities, and energy, among others, seek to deploy physical security solutions to ensure safety for the property and personnel.

One of the major factors driving the growth of the physical security equipment and services market is the rising threat of terrorism all across the globe. It has become imperative for various organizations and governments across the world to invest in the latest and most advanced security solutions to ensure the public and private safety of physical sites and the people visiting or working there. Other factors, such as the rise in thefts and espionage, have further fuelled the growth in the global physical security equipment and services market. Some of the factors restraining the growth of this market include high initial costs and limited storage capacities, among others. However, with increasing demand for security and the rise of subscription-based models, the overall physical security and equipment market is expected to witness substantial growth during the forecast period.

The report titled "Global Physical Security Equipment and Services Market: Growth, Future Prospects, and Competitive Analysis, 2016–2024" offers strategic insights into the global physical security equipment and services market, along with the market size and estimates for the duration of 2014–2024. The said research study covers an in-depth analysis of multiple market segments based on technology (equipment and services), verticals, and a cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2015 and 2024. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. In addition, the report covers a section providing an analysis of the types of security systems used, i.e., analog and IP-based.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading providers of physical security equipment and services, their SCOT (Strengths, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments. Some of the major players profiled in the report are Tyco International Ltd., ADT LLC, Hikvision Digital Technology Co., Ltd., SECOM Co., Ltd., Honeywell International, Inc., Stanley Security Solutions, Bosch Sicherheitssysteme GmbH, United Technologies Corporation (UTC), G4S Plc., Siemens AG, China Security and Surveillance Technology, Inc., S1 Corporation, Panasonic Corporation, ALSOK (Sohgo Security Services Co., Ltd.), and Zhuji

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the physical security industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2014–2015)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global physical security equipment and services market, offering market size and estimates for the period from 2016 to 2024, keeping in mind the above-mentioned factors.

The global physical security equipment and services market is segmented, based on end-use verticals, into the following categories:

  • Government
  • Banking and Finance
  • Commercial
  • Residential
  • Transportation
  • Utilities and Energy
  • Others (education, healthcare, retail, manufacturing, and industrial)

 In 2015, the commercial end-use segment was the largest contributor to the global physical security equipment and services market in terms of revenue. The commercial end-use vertical includes various business buildings and establishments, such as office complexes, shopping complexes, hotels, and restaurants, among others. With a growing need to secure business areas and provide a safe environment for employees and customers, this segment is expected to maintain its dominance throughout the forecast period.

The residential and transportation end-use segments are expected to witness relatively faster growth rates as compared to other verticals during the forecast period. Rising technological awareness among the general population and increasing demand for safe public transport in numerous countries across the world have led to a growing demand for physical security equipment and services in the transportation segment.

The global physical security equipment and services market has been segmented on the basis of geographical regions, as per the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • CIS
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • South Asia
  • Australasia
  • Rest of Asia Pacific
  • Middle East and Africa (MEA)
  • GCC countries
  • North Africa
  • Southern Africa
  • the remainder of MEA
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America

In 2015, North America dominated the overall physical security equipment and services market across the world. The segment contributed to more than one-third of the total revenue generated globally in 2015. With increasing investments in physical security and surveillance, the North American physical security equipment and services market is expected to grow at a significant rate during the forecast period.

Asia Pacific and Europe followed North America in terms of revenue in the global physical security equipment and services market. The Asia Pacific region led the overall global market for the physical security equipment segment, especially video surveillance equipment. In addition, increasing demand for IP-based VSaaS in China is expected to further fuel demand in the video surveillance segment in the Asia Pacific region.

Frequently Asked Questions:

The market for Physical Security Equipment And Services Market is expected to reach US$ 143.5 Bn in 2024.

The Physical Security Equipment And Services Market is expected to see significant CAGR growth over the coming years, at 10.7%.

The report is forecasted to 2016-2024.

The base year of this report is 2015.

Tyco International Ltd.,ADT LLC.,Hikvision Digital Technology Co., Ltd.,SECOM Co., Ltd.,Honeywell International, Inc. are some of the major players in the global market.

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Published Date:  Jan 2017
Category:  Technology & Media
Report ID:   58339
Report Format:   PDF
Pages:   120
Rating:    4.3 (65)
Delivery Time: 24 Hours to 48 Hours   
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