Physical Security Equipment and Services Market Introduction
Physical security equipment and services enable end users to protect their physical and digital assets such as hardware, data, network, and software from the events such as theft, natural disaster, burglary, and that could cause a serious loss or damage to their organizations.
Drivers and Restraints
Increase in security breaches incidences; rising inclination of end user industries towards advanced physical security equipment and services; increase in penetration of smart devices are anticipated to accelerate the Physical Security Equipment and Services Market growth. However, lack of awareness especially emerging countries along with regular cyber-attack incidents are projected to hamper the market growth to some extent.
Prominent players are aimed at improving the video resolution and range of the video surveillance equipment. Further, considerable investment by key players on research and development has been observed to develop and introduce enhanced equipment such as smart sensors to cater end users’ demand. Moreover, key players have launched solutions that enable end users to manage multiple security systems using a single, integrated interface.
The global Physical Security Equipment and Services Market is been segmented into technology and end user industry.
- Access Control
- Consumer Video Surveillance
- Entrance Control (Vehicle & Pedestrian)
- Intruder Alarms
- Thermal Cameras
- Video Surveillance
- Wireless Infrastructure
- Access Control as a Service (ACaaS)
- Remote Monitoring Service
- Security Systems Integration
- Video Surveillance as a Service (VSaaS)
b) End User Industry
- Banking, Financial services and Insurance (BFSI)
- Manufacturing & Industrial
- Sports & Leisure
- Utilities & Energy
Major region targeted in the global Physical Security Equipment and Services Market includes North America, Western Europe, Eastern Europe, Asia Pacific, and Middle East and Africa (MEA). Currently, Asia Pacific dominated the market in terms of expenditure on physical security equipment services owing to rise in security concerns; growing IT security expenditure; and availability of advanced physical security equipment at low price due to huge presence suppliers especially in China.
Physical Security Equipment and Services Market Competitive Landscape
Some of the prominent players identified in the market are ADT, Bosch Security Systems, G4S Technology, Hikvision Digital Technology Co., Ltd., Honeywell International Inc., SECOM Co., Ltd., Siemens AG, Stanley Security Solutions, Tyco International Ltd., and United Technologies Corporation (UTC).
The research study would provide an in-depth assessment of the Physical Security Equipment and Services Market and include reliable analysis, insights, facts and industry-validated market estimation and projections, supplemented by appropriate assumptions, methodologies, and approaches. Insights and analysis on various market segments such as by technology, end user industry, and region included in this research report scope.
Major Regions/Countries include:
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on physical security equipment and services market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.