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

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% between 2016 and 2021.

The objective of the research study is to provide detailed segmentation of the physical security market based on type, vertical, and region. It also aims to provide information regarding key factors influencing the market growth, strategically analyze sub segments with respect to individual growth trends, prospects, and contribution to the total market, analyze opportunities in the market for stakeholders, provide strategic profiles of key market players to comprehensively analyze core competencies, and draw a competitive landscape of the market. The base year considered for the study is 2015 and the market size forecast is from 2016 to 2021.

The research methodology used to estimate and forecast the physical security market begins with obtaining data on key vendor revenues and the market size of individual segments through secondary sources, such as annual reports, press releases, investors’ presentations, white papers, and paid databases, which include Factiva, Bloomberg, among others. Vendor offerings are also taken into consideration to determine market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the physical security market from the individual technology segment in the market.

After arriving at the overall market size, the total market was split into several segments and sub segments, which were then verified through primary research by conducting extensive interviews with key industry personnel, such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub segments. The breakdown of profiles of primary participants is depicted in the below figure:

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the physical security market comprises physical security solutions and service providers, and system integrators. 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).

Target Audience

• Security Service Vendors
• Security Solution Providers
• System Integrators
• Value-added Resellers
• Distributers
• Research Organizations
• Security Agencies
• Investors and Venture Capitalist
• Security Management Service Provider
• Security Equipment Providers

“The research study answers several questions for the stakeholders, primarily which market segments to focus on during the next two to five years for prioritizing the efforts and investments”

Scope of the Report

The research report categorizes the physical security market to forecast revenues and analyze trends in each of the following sub segments:

By Type

• System
  • Access Control
    • Biometrics
      • Fingerprint Recognition
      • Face Recognition
      • Others
    • Locks
      • Electronic Locks
      • Mechanical Locks
    • Smart Card and Readers
    • ACaaS
  • Video Surveillance
    • CCTV
    • IP Video Surveillance
    • Video Analytics
    • VSaas
  • Physical Security Information Management
  • Perimeter Intrusion Detection & Prevention
  • Security Scanning, Imaging & Metal Detection
    • Metal Detectors
    • X-ray Screening
    • Electronic Inspection Tools
  • Fire & Life Safety
• Service
  • System Integration
  • Maintenance & Support
  • Designing & Consulting

By Vertical

• Government, Defense & Public Sector
• Transportation & Logistics
• Telecom & IT
• BFSI
• Education
• Retail
• Oil, Gas & Energy
• Hospitality & Residential
• Others (Healthcare, Chemical/Pharma, Manufacturing and Utilities)

By Region

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

• Product matrix, which gives a detailed comparison of product portfolio of each company

Geographic Analysis

• Further breakdown of the Asia-Pacific physical security market
• Further breakdown of the Middle East & Africa physical security market
• Further breakdown of the Latin America physical security market

Company Information

• Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interview: By Company Type, Designation, and Region
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 28)
    4.1 Attractive Market Opportunities 
    4.2 Global Market, By Vertical and Region
    4.3 Global Market, By Region

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Type
                    5.2.1.1 By System
                    5.2.1.2 By Service
           5.2.2 By Vertical
           5.2.3 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Rise in Incidents of Terror Attacks
                    5.3.1.2 Need to Protect Business Assets, Employees, and Customers
                    5.3.1.3 Increased Use of (IoT)
           5.3.2 Restraints
                    5.3.2.1 Limited Use of Advanced Technologies
                    5.3.2.2 Lack of Synergy Among Security Solutions
           5.3.3 Opportunities
                    5.3.3.1 Technological Developments in Video Surveillance
                    5.3.3.2 Stringent Regulations and Security Compliances Pertaining to Physical Security
                    5.3.3.3 Use of IP-Based Cameras for Video Surveillance
                    5.3.3.4 Ongoing Development of Smart Cities
           5.3.4 Challenges
                    5.3.4.1 Integration of Logical and Physical Components of Security
                    5.3.4.2 Device Vulnerability and Chances of Systems Being Hacked

6 Physical Security Market, By Type (Page No. - 40)
    6.1 Introduction
    6.2 System
           6.2.1 Access Control
                    6.2.1.1 Biometrics
                               6.2.1.1.1 Fingerprint Recognition
                               6.2.1.1.2 Face Recognition
                               6.2.1.1.3 Others
                    6.2.1.2 Locks
                               6.2.1.2.1 Mechanical Locks
                               6.2.1.2.2 Electronic Locks
                    6.2.1.3 Smart Card & Readers
                    6.2.1.4 Access Control as A Service (ACaaS)
           6.2.2 Video Surveillance
                    6.2.2.1 CCTV
                    6.2.2.2 IP Video Surveillance System
                    6.2.2.3 Video Analytics
                    6.2.2.4 Video Surveillance as A Service (VSaaS)
           6.2.3 Physical Security Information Management
           6.2.4 Perimeter Intrusion Detection & Prevention
           6.2.5 Security Scanning, Imaging & Metal Detection
                    6.2.5.1 Metal Detectors
                    6.2.5.2 X-Ray Screening
                    6.2.5.3 Electronic Inspection Tools
           6.2.6 Fire & Life Safety
    6.3 Service
           6.3.1 System Integration
           6.3.2 Maintenance & Support
           6.3.3 Designing & Consulting

7 Market, By Vertical (Page No. - 60)
    7.1 Introduction
    7.2 Government, Defence & Public Sector
    7.3 Transportation & Logistics
    7.4 Telecom & IT
    7.5 BFSI
    7.6 Education
    7.7 Retail
    7.8 Oil, Gas & Energy
    7.9 Hospitality & Residential
    7.10 Others

8 Regional Analysis (Page No. - 72)
    8.1 Introduction
    8.2 North America
    8.3 Europe
    8.4 Asia-Pacific
    8.5 Middle East & Africa (MEA)
    8.6 Latin America

9 Competitive Landscape (Page No. - 89)
    9.1 Overview
    9.2 Market: Vendor Analysis
    9.3 Competitive Situation and Trends
           9.3.1 New Product Launches
           9.3.2 Agreements, Collaborations & Partnerships
           9.3.3 Acquisitions
           9.3.4 Expansions

10 Company Profiles (Page No. - 102)
(Business Overview, Products and Services offered, Recent Developments, SWOT Analysis, and MnM View)*
     10.1 Introduction
     10.2 Anixter International Inc.
     10.3 Cisco Systems, Inc.
     10.4 Tyco International PLC
     10.5 Genetec Inc.
     10.6 Honeywell International, Inc.
     10.7 ADT Corporation
     10.8 Bosch Security Systems, Inc.
     10.9 Pelco
     10.10 Stanley Security
     10.11 Senstar Corporation

*Details on Business Overview, Products and Services offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.

11 Appendix (Page No. - 142)
     11.1 Other Developments
     11.2 Industry Experts
     11.3 Discussion Guide
     11.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.5 Introducing RT: Real-Time Market Intelligence
             11.5.1 Visual Presentation of Market Data
             11.5.2 Real-Time Information on Market Trends and Developments
             11.5.3 Information Specific to Various Segments
             11.5.4 Competitive Intelligence (By Tracking Developments of Leading Market Players)
             11.5.5 Forward Integration in the Value Chain to Find Potential Clients
             11.5.6 Comparison of Two Or More Markets
     11.6 Available Customizations
     11.7 Related Reports
     11.8 Author Details

List of Tables (79 Tables)

Table 1 Physical Security Market Size, By Type, 2014–2021 (USD Billion)
Table 2 System Segment, By Type, 2014–2021 (USD Billion)
Table 3 System Segment, By Region, 2014–2021 (USD Billion)
Table 4 Access Control Sub Segment, By Type, 2014–2021 (USD Billion)
Table 5 Access Control Sub Segment, By Region, 2014–2021 (USD Billion)
Table 6 Biometrics Sub Segment, By Type, 2014–2021 (USD Million)
Table 7 Biometrics Sub Segment, By Region, 2014–2021 (USD Million)
Table 8 Locks Sub Segment, By Type, 2014–2021 (USD Billion)
Table 9 Locks Sub Segment, By Region, 2014–2021 (USD Million)
Table 10 Smart Card & Readers Segment, By Region, 2014–2021 (USD Million)
Table 11 Acaas Sub Segment, By Region, 2014–2021 (USD Million)
Table 12 Video Surveillance Sub Segment, By Type, 2014–2021 (USD Billion)
Table 13 Video Surveillance Sub Segment, By Region, 2014–2021 (USD Billion)
Table 14 CCTV Sub Segment, By Region, 2014–2021 (USD Billion)
Table 15 IP Video Surveillance Sub Segment, By Region, 2014–2021 (USD Million)
Table 16 Video Analytics Sub Segment, By Region, 2014–2021 (USD Million)
Table 17 Vsaas Sub Segment, By Region, 2014–2021 (USD Million)
Table 18 Physical Security Information Management Segment, By Region, 2014–2021 (USD Million)
Table 19 Perimeter Intrusion Detection & Prevention, Region, 2014-2021 (USD Billion)
Table 20 Security Scanning, Imaging, & Metal Detection Sub Segment, 2014–2021 (USD Billion)
Table 21 Security Scanning, Imaging, & Metal Detection Sub Segment, By Region, 2014–2021 (USD Billion)
Table 22 Metal Detectors Sub Segment, By Region, 2014–2021 (USD Million)
Table 23 X-Ray Screening Sub Segment, By Region, 2014–2021 (USD Million)
Table 24 Electronic Inspection Tools Sub Segment, By Region, 2014–2021 (USD Million)
Table 25 Fire & Life Safety Market Size, By Region, 2014–2021 (USD Billion)
Table 26 Service Segment, By Type, 2014–2021 (USD Billion)
Table 27 Service Segment, By Region, 2014–2021 (USD Billion)
Table 28 System Integration Sub Segment, By Region, 2014–2021 (USD Billion)
Table 29 Maintenance & Support Sub Segment, By Region, 2014–2021 (USD Billion)
Table 30 Designing & Consulting Sub Segment, By Region, 2014–2021 (USD Billion)
Table 31 Physical Security Market Size, By Vertical, 2014-2021 (USD Billion)
Table 32 Government, Defense, & Public Sector Segment, By Region, 2014-2021 (USD Billion)
Table 33 Transportation & Logistics Segment, By Region, 2014-2021 (USD Billion)
Table 34 Telecom & It Segment, By Region, 2014-2021 (USD Billion)
Table 35 BFSI Segment, By Region, 2014-2021 (USD Billion)
Table 36 Education Segment, By Region, 2014-2021 (USD Billion)
Table 37 Retail Segment, By Region, 2014-2021 (USD Billion)
Table 38 Oil, Gas, & Energy, By Region, 2014-2021 (USD Billion)
Table 39 Hospitality & Residential, By Region, 2014-2021 (USD Billion)
Table 40 Others Verticals Segment, By Region, 2014-2021 (USD Billion)
Table 41 Physical Security Market Size, By Region, 2014-2021 (USD Billion)
Table 42 North America: Market, By Type, 2014–2021 (USD Billion)
Table 43 North America: System Segment, By Type, 2014–2021 (USD Billion)
Table 44 North America: Access Control Sub Segment, By Type, 2014–2021 (USD Billion)
Table 45 North America: Video Surveillance Sub Segment, By Type, 2014–2021 (USD Billion)
Table 46 North America: Service Segment, By Type, 2014–2021 (USD Billion)
Table 47 North America: Physical Security Market, By Vertical, 2014–2021 (USD Billion)
Table 48 Europe: Market, By Type, 2014–2021 (USD Billion)
Table 49 Europe: System Segment, By Type, 2014–2021 (USD Billion)
Table 50 Europe: Access Control Sub Segment, By Type, 2014–2021 (USD Billion)
Table 51 Europe: Video Surveillance Sub Segment, By Type, 2014–2021 (USD Billion)
Table 52 Europe: Service Segment, By Type, 2014–2021 (USD Billion)
Table 53 Europe: Physical Security Market, By Vertical, 2014–2021 (USD Million)
Table 54 Asia-Pacific: Market, By Type, 2014–2021 (USD Billion)
Table 55 Asia-Pacific: System Segment, By Type, 2014–2021 (USD Billion)
Table 56 Asia-Pacific: Access Control Sub Segment, By Type, 2014–2021 (USD Billion)
Table 57 Asia-Pacific: Video Surveillance Sub Segment, By Type, 2014–2021 (USD Billion)
Table 58 Asia-Pacific: Service Segment, By Type, 2014–2021 (USD Billion)
Table 59 Asia-Pacific: Physical Security Market, By Vertical, 2014–2021 (USD Billion)
Table 60 Middle East & Africa: Market, By Type, 2014–2021 (USD Billion)
Table 61 Middle East & Africa: System Segment, By Type, 2014–2021 (USD Billion)
Table 62 Middle East & Africa: Access Control Sub Segment, By Type, 2014–2021 (USD Billion)
Table 63 Middle East & Africa: Video Surveillance Sub Segment, By Type, 2014–2021 (USD Billion)
Table 64 Middle East & Africa: Service Segment, By Type, 2014–2021 (USD Billion)
Table 65 Middle East & Africa: Physical Security Market, By Vertical, 2014–2021 (USD Billion)
Table 66 Latin America: Market, By Type, 2014–2021 (USD Billion)
Table 67 Latin America: System Segment, By Type, 2014–2021 (USD Billion)
Table 68 Latin America: Access Control Sub Segment, By Type, 2014–2021 (USD Billion)
Table 69 Latin America: Video Surveillance Sub Segment, By Type, 2014–2021 (USD Billion)
Table 70 Latin America: Service Segment, By Type, 2014–2021 (USD Billion)
Table 71 Latin America: Market, By Vertical, 2014–2021 (USD Billion)
Table 72 Market Evaluation Framework
Table 73 New Product Launches, 2014-2017
Table 74 Agreements, Collaborations & Partnerships, 2014-2017
Table 75 Acquisitions, 2014-2016
Table 76 Expansions, 2015-2016
Table 77 New Product Launches/ Developments, 2014-2016
Table 78 New Partnerships, 2014-2016
Table 79 Acquisitions, 2014-2016

List of Figures (53 Figures)

Figure 1 Physical Security Market
Figure 2 Global Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Research Methodology: Data Triangulation
Figure 6 The Video Surveillance Segment is Expected to Lead the Physical Security Market During the Forecast Period
Figure 7 The Retail Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 8 North America is Expected to Lead the Market By 2021
Figure 9 Increasing Incidents of Terrorist Attacks are Expected to Fuel the Growth of the Market
Figure 10 The Service Segment is Projected to Grow at A Higher CAGR During the Forecast Period
Figure 11 The Video Surveillance Segment is Estimated to Lead the Market in 2016
Figure 12 System Integration is Estimated to Lead the Market in 2016
Figure 13 The Government, Defence, & Public Segment is Estimated to Dominate the Market in 2016
Figure 14 The Government, Defence, & Public Segment is Estimated to Be the Largest Segment of the Physical Security Market in 2016
Figure 15 The Market in Asia-Pacific is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 16 Physical Security Market, By Type
Figure 17 System Segment, By Type
Figure 18 Market Segmentation, By Service
Figure 19 Market Segmentation, By Vertical
Figure 20 Market Segmentation, By Region
Figure 21 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 22 The System Segment is Expected to Lead the Market During the Forecast Period
Figure 23 Video Surveillance System is Estimated to Be the Leading Segment of the Physical Security Market in 2016
Figure 24 Designing & Consulting is Expected to Be the Fastest-Growing Service Sub Segment During the Forecast Period
Figure 25 The Government, Defence, & Public Sector is Projected to Be the Largest Segment of the Market During the Forecast Period
Figure 26 The Government, Defence, & Public Segment is Projected to Witness the Highest Growth in Asia-Pacific During the Forecast Period
Figure 27 The Transportation & Logistics Segment is Expected to Witness Highest Growth in Asia-Pacific During the Forecast Period
Figure 28 The Telecom & It Segment is Expected to Witness the Highest Growth in Asia-Pacific During the Forecast Period
Figure 29 The BFSI Segment is Expected to Witness the Highest Growth in Asia-Pacific During the Forecast Period
Figure 30 The Education Segment is Expected to Witness Significant Growth in the Asia-Pacific During the Forecast Period
Figure 31 The Retail Segment is Expected to Witness Highest Growth in the Asia-Pacific During the Forecast Period
Figure 32 The Oil, Gas, & Energy Segment is Expected to Witness Significant Growth in Asia-Pacific During the Forecast Period
Figure 33 The Hospitality & Residential Segment is Expected to Witness Highest Growth in the Asia-Pacific During the Forecast Period
Figure 34 The Other Verticals Segment is Expected to Witness Significant Growth in the Asia-Pacific During the Forecast Period
Figure 35 Asia-Pacific is Emerging as A Lucrative Market for Investment in the Physical Security Market During the Forecast Period
Figure 36 The Physical Security Market in Asia-Pacific is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 37 North America Physical Security Market Snapshot
Figure 38 Asia-Pacific Market Snapshot
Figure 39 Companies Adopted New Product Launches as the Key Growth Strategy From 2014 to 2017
Figure 40 Vendor Analysis, By Product Offering
Figure 41 Vendor Analysis, By Business Strategy
Figure 42 New Product Launches Was the Key Strategy Adopted By Market Players
Figure 43 Geographic Revenue Mix of Top Three Market Players
Figure 44 Anixter International Inc.: Company Snapshot
Figure 45 Anixter International Inc.: SWOT Analysis
Figure 46 Cisco Systems, Inc.: Company Snapshot
Figure 47 Cisco Systems, Inc.: SWOT Analysis
Figure 48 Tyco International PLC.: Company Snapshot
Figure 49 Tyco International PLC.: SWOT Analysis
Figure 50 Genetec: SWOT Analysis
Figure 51 Honeywell International, Inc.: Company Snapshot
Figure 52 Honeywell International, Inc.: SWOT Analysis
Figure 53 ADT Corporation: Company Snapshot

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 of physical security measure 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 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.

Integration of logical and physical components of security acts a challenge for the growth of the market.

Top vendors in the physical security market, including Bosch Security Systems Inc. (Germany), Tyco International PLC (Ireland) and ADT Corporation (U.S.) have adopted new product launches as their key strategies to enhance their product portfolio and customer experience. Existing players in this market are innovating and upgrading their products to enhance their market share.

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