Physical security entails safeguarding individuals, assets, and tangible belongings from theft, harm, unauthorized access, or obliteration. The aim of physical security is to uphold a specified safety standard for a site by blocking unauthorized entry by people, vehicles, and cargo, recognizing and detaining intruders, and averting emergencies and sabotage.
The expansion of the physical security market is anticipated to be fueled by the increase in harmful actions and security violations aimed at physical infrastructures, heightened investments to safeguard essential organizational assets, and the integration of cloud-based data storage options.
Key Industry Trends:
Implementation of surveillance and access control systems driven by AI technology.
Incorporating IoT devices for immediate surveillance and danger identification.
Transition to cloud-oriented security solutions for improved scalability and administration.
Driving Factors:
Increasing worries about physical dangers and unsanctioned entry.
Government policies requiring strict security protocols.
Technological progress allowing for enhanced and more efficient security systems
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List of Physical Security Companies Studied:
Axis Communications AB (Sweden)
Bosch Sicherheitssysteme GmbH(Germany)
Dahua Technology Co., Ltd (China)
Johnson Controls (Ireland)
Cisco Systems, Inc.(U.S.)
SECOM CO., LTD. (Japan)
ADT (U.S.)
Covered Segmentation:
By Component:
Hardware
Software
Services
By End-user:
Residential
Commercial/Industrial
Small and Medium-sized Enterprises
Large Enterprises
By Type:
Video Surveillance Systems
Biometrics & Access Control Systems
Intrusion Detection and Prevention Systems
Fire Detection Systems
Physical Security Information Management (PSIM)
Others (Physical Identity and Access management, etc.)
By Vertical:
BFSI
Government
Healthcare
Manufacturing
Retail
Transportation & Logistics
Energy & Utilities
Others (Education, Sports, etc.)
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Reginal Insights:
North America captured a significant portion of the market. Factors like strong economic growth, regulatory shifts, and heightened investments from small and medium enterprises in physical security solutions impact the expansion of the regional market.
The U.S. occupies the biggest portion of North America because of a growing emphasis on safety and security in different industries. Due to continuous technological advancements and increasing awareness of possible risks, companies are expected to keep investing in sophisticated physical security measures.
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