HOME Research Insight New Product Launches, Partnerships, Collaborations & Agreements, Expansions, and Acquisitions to Achieve Growth in the Physical Security Market.



New Product Launches, Partnerships, Collaborations & Agreements, Expansions, and Acquisitions to Achieve Growth in the Physical Security Market.


The physical security market is expected to grow from USD 69.63 Billion in 2016 to USD 112.43 Billion by 2021, at a CAGR of 10.1% during the forecast period. The physical security market has witnessed substantial growth, owing the increasing concern to protect business assets, employees, and customers. The increasing incidences of terror attacks on government organizations, enterprises, and critical infrastructures in recent years is expected to further aid the growth of the market.

Key players in the physical security market include Anixter International Inc. (U.S.), Cisco Systems, Inc. (U.S.), Tyco International Plc (Ireland), Bosch Security Systems, Inc. (Germany), ADT Corporation (U.S.), Genetec Inc. (Canada), Honeywell International, Inc. (U.S.), Pelco (U.S.), Stanley Security (U.S.), and Senstar Corporation (Canada). These players have adopted various growth strategies, such as new product launches, partnerships, collaborations & agreements, expansions, and acquisitions to achieve growth in the physical security market. The strategy of new product launches accounted for a share of 59% of the total growth strategies adopted by the market players between 2014 and 2017. Agreements, collaborations, and partnerships accounted for a share of 25% of the total growth strategies adopted by the market players between 2014 and 2017. Market players have been focusing on these strategies to expend customer base and increase revenue.

Bosch Security Systems, Inc. (Germany) is one of the leading players in the physical security market.  The company offers various products, such as the G and B Series control panels & systems, which provides an integrated use of different physical security & safety domains (intrusion, fire, access, video systems) along with mobile access combined in one system. The company’s video systems provide complete video surveillance solutions and include IP cameras, analog cameras, encoders & decoders, recording, video software, workstations & servers, monitors, switching systems & keyboards, and accessories. In November 2016, Bosch Security Systems partnered with Sony Corporation to provide innovative products and solutions in the field of video security applications.

Tyco International Plc (Ireland) is one of the leading global providers of security products & services, fire detection & suppression products & services, and life safety products, worldwide. It also offers products and services across various markets, such as commercial, industrial, retail, small business, institutional and governmental. The company offers various solutions, such as fire detection, which includes fire alarms control panels, fire alarm monitoring, smoke, heat, carbon monoxide detectors, mass notification & voice evacuation system, emerging lighting system, and risk assessment, service & installation. The company collaborated with key players, such as Bold Technologies (U.S.) to integrate SG-System 5 with Manitou central station software. The company has presence in the U.S. and Canada (North America), Central America and South America (Latin America), Europe, the Middle East & Africa (EMEA), and the Asia-Pacific. In February 2017, Tyco launched two new IP cameras, namely, 2MP PTZ and 12MP fisheye cameras that helps add power and value to its growing Illustra IP camera portfolio.

The physical security market research report analyses global adoption trends, growth potentials, key drivers, competitive outlook, restraints, opportunities, regulatory landscapes, and the value chain of this market.

Related Reports:

Physical Security Market by Type (System (Access Control, Video Surveillance, PSIM, Perimeter Intrusion Detection & Prevention, Security Scanning, Imaging & Metal Detection, Fire & Life Safety), & Service), Vertical, and Region - Global Forecast to 2021

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