DUBLIN, Mar 22, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Physical Security Market by Type, Vertical, and Region - Global Forecast to 2021" report to their offering.
The physical security market is estimated to grow from USD 69.63 Billion in 2016 to USD 112.43 Billion by 2021, at the CAGR of 10.1% during the forecast period. The growth of the market can be attributed to the increasing demand for physical security measures to protect against incidences of terror attack. Controlling access of personnel to protect the assets of business, employees and customers is considered as a critical factor for the growth of physical security market. Increasing usage of internet of things (IoT) and smart technologies such as automobile tracking is influencing growth of physical security market.
Based on type, the physical security market has been segmented into system and service. Based on type of service, the system integration service segment is projected to lead the service segment during forecast period. The growth of this segment can be attributed to the rapidly growing deployment of security strategies in organizations of all sizes in regions across the globe.
North America is expected to lead the physical security market, owing to rising need for security against increasing terrorist activities, illegal immigration, and criminal activities in the region. Furthermore, strict government regulations for safety & security and technological development in physical security solutions such as video surveillance are also fueling the growth of the market in North America.
The physical security market in Asia-Pacific is projected to witness highest growth during the forecast period, due to the rising investments by big and small organizations for physical security measure. Furthermore, increasing demand for physical security solutions in growing economies like India, China, Australia, and Japan is also expected to boost the growth of physical security market in Asia-Pacific.
- ADT Corporation
- Anixter International Inc.
- Bosch Security Systems, Inc.
- Cisco Systems, Inc.
- Genetec Inc.
- Honeywell International, Inc.
- Senstar Corporation
- Stanley Security
- Tyco International PLC
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Physical Security Market, By Type
7 Physical Security Market, By Vertical
8 Regional Analysis
9 Competitive Landscape
10 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/5fnrhr/physical_security
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SOURCE Research and Markets