Physical security market includes an extensive range of products such as access control, video surveillance, intrusion detection, biometrics, security systems, RFID, integration and modeling and situational awareness platforms. Video surveillance includes IP cameras, analog cameras, closed-circuit television (CCTV), network video recorders and digital video recorders. Biometrics contains fingerprint recognition, facial recognition and iris recognition. Access control consists of smart cards, proximity cards and readers.
Biometrics holds a major share in the products range. Access control market is expected to grow at a rapid pace in the upcoming years. Physical security market can be segmented on the basis of service such as remote management, technical support and security consulting.
The expenditure on physical security solutions and services is anticipated to increase in the coming years with an increase in terrorist attacks and damages on critical infrastructure zones. Increasing adoption of sophisticated access control systems, monitoring solutions and Internet Protocol (IP) video network, such as physical security information management (PSIM) is expected to drive the market in the near future. The demand of innovative physical security products is huge in the emerging markets, such as Asia Pacific owing to the security concerns for personnel, information, hardware, and network infrastructure.
The current services such as security consulting, technical support and remote management are suitable for usage in nearly each vertical. In the recent times, there has been continuous innovation in this market. Cloud technology, smarter devices and ubiquitous sensor are some of the emerging technologies in the physical security market.
Some of the key participants in this market include Anixter, IBM, Siemens, EMC Corporation, Convergint Technologies, Cisco, Infrax Systems, Genetec, Nice, Honeywell International, Lockheed Martin, Revere Security Corp, Schneider Electric Sa, Vidsys, WiproAvigilon and Zicom among others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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