logo
logo
Sign in

Physical Security Market Size, Volume, Trends, Share and Revenue| Regional Forecast By 2026

avatar
jony toal
Physical Security Market Size, Volume, Trends, Share and Revenue| Regional Forecast By 2026

Physical security market size is expected to grow from USD 102.7 billion in 2021 to USD 140.0 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 6.4% from 2021 to 2026. Physical security provides various benefits such as security from breach, etc.


Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1014


Physical security measures are designed to protect buildings and safeguard the equipment inside. In short, they keep unwanted people out, and give access to authorized individuals. Without physical security, organizations are liable to physical security threats such as theft, vandalism, fraud, and even accidents.


According to the Penn State University Police and Public Safety, physical security is primarily concerned with restricting physical access by unauthorized people (commonly interpreted as intruders) to controlled facilities.

According to MarketsandMarkets, physical security refers to restricting physical access by unauthorized individuals in controlled facilities to prevent damage to valuable hardware, software, network infrastructure, and other assets. Physical security includes security layers that protect personnel, network, and data in physical spaces, such as campuses, buildings, banks, and offices from internal or external physical threats (natural disasters, fire, theft, burglary, vandalism, and terrorist attacks)


The scope of this report covers the analysis of the physical security market since 2015, based on contemporary market trends and developments, and its potential growth from 2021 to 2026. It provides detailed market trends, vendors’ market shares, market size, forecasts, and analysis of key players in the managed security services overall market. By region, the physical security market in the Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast period. Countries in the region have been witnessing a significant rise in the adoption of physical security solutions and services. This growth can be attributed to the increase in technological innovations, rapid digitalization, etc. in the region. The physical security market is witnessing high growth opportunities in this region.


Get More Info @ https://www.prnewswire.com/news-releases/physical-security-market-worth-140-0-billion-by-2026--exclusive-research-by-marketsandmarkets-301467445.html


Rising instances of terrorist activities and security breaches to physical systems are expected to boost the growth of the physical security market. Additionally, physical security market is expected to witness rapid growth worldwide due to various factors such as increasing use of IP-based cameras for video surveillance and increasing cyber threats to physical security systems.


Market Players


Key and innovative vendors in Physical SecurityMarket are ADT (US), Cisco (US), Honeywell (US), Johnson Controls (Ireland), TELUS (Canada), Anixter (WESCO) (US), Genetec (Canada), Bosch Building Technology Solutions (Germany), HID Global (US), Pelco (US), Hikvision (China), Gallagher (New Zealand), SECOM (Japan), Allied Universal (US), Zhejiang Dahua Technology (US), STANLEY Security (US), Axis Communications (Sweden), Hanwha Techwin America (US), Teledyne FLIR (UK), Hexagon AB (Sweden), General Dynamics (US), BAE Systems (UK), Huawei (China), NEC (Japan), Qognify (US), SmartCone Technologies (Canada), Verkada (US), IOTAS (US), and Cloudastructure (US).


ADT provides monitored security, interactive home and business automation, and related monitoring services in the US. The company’s monitored security and home/business automation offerings include the installation and monitoring of residential and business security, and premises automation systems designed to detect intrusion, control access, and react to movement, smoke, carbon monoxide, flooding, temperature, and other environmental conditions and hazards and to address personal emergencies, such as injuries, medical emergencies, or incapacitation. The company also provides various alternate and backup alarm transmission methods, including cellular and broadband internet, monitoring of center-supported personal emergency response system products and services, and customer service for maintenance and installation of upgraded or additional equipment. In October 2019, ADT signed an agreement to sell ADT Security Services Canada to TELUS Corporation for approximately USD 575 million. The transaction comprises all of ADT Canada’s operations and assets.


About MarketsandMarkets™


MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.


Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.


MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: [email protected]

collect
0
avatar
jony toal
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more