Physical Security Market by Component (Systems (PACS, PSIM, PIAM, Video Surveillance, Fire and Life Safety) and Services (ACAAS, VSAAS, Remote Monitoring, Security Systems Integration)), Organization Size, Vertical, and Region - Global Forecast to 2023
[154 Pages Report] MarketsandMarkets forecasts the physical security market to grow from USD 84.1 billion in 2018 to USD 119.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 7.3% during the forecast period. The major factors driving the physical security market are rising incidents of terror attacks, technological advancements and deployment of wireless technology in security systems, increasing use of Internet Protocol (IP)-based cameras for video surveillance, and rising adoption of Internet of Things (IoT)-based security systems with cloud computing platforms.
See how this study impacted revenues for other players in Physical Security Market
Assisted a globally physical security ecosystem provider explore revenue opportunities for different physical security components, specifically, physical access control system, video surveillance, and PIDS in the Europe, North America, and Asia Pacific regions to explore a USD 700 billion opportunity.
Clients Problem Statement
A prominent provider in the physical security ecosystem wanted information about the components in the physical security market. Being one of the leading vendors in the physical security market, the client wanted information about the current and upcoming projects in the physical access control system, video surveillance, and PIDS in the Europe, North America, and Asia Pacific regions. The client also wanted to increase his market share in the said geographies. The client engaged MnM to conduct a study with these multiple objectives.
MnM Approach
MnM started by leveraging the existing body of research to provide a snapshot of market attractiveness across parameters such as current market size, future growth potential, key drivers, challenges, and uncertainties impacting the market. Detailed analysis about the competitive landscape for Europe, North America, and the Asia Pacific, along with the benchmarking of the key vendors were provided to the client.
A comprehensive list of current and upcoming physical access control systems, video surveillance, and PIDS projects in the targeted geographies was provided with their capacities and industry verticals. Market sizing, forecasting across various industry verticals such as government, retail, transportation, residential, and telecom & IT was provided.
Revenue Impact (RI)
Our analysis resulted in the client tapping into a USD 15 billion market, with projected revenue of USD 700 million within three years of our recommendations.
Physical Security Market Dynamics
Technological advancements and deployment of wireless technology in security systems
With developments in wireless technology, new wireless hardware components, such as wireless locks and wireless controllers, are being developed. The adoption of wireless technology in access control systems minimizes cables and conduits and the adoption of cloud technology minimizes the requirement for server and software, thereby reducing the time and cost of installation and integration. These technological developments reduce the cost of these systems in the long run and facilitate remote and secure access. Companies such as Matrix Systems, Inc. (US) and AIT Ltd. (UK) provide wireless solutions integrated with access control, video management, and video analytics. Wireless network equipment transmits the data, communicating easily within the fully encrypted, secure architecture of the server. AIT Ltd. (UK) also offers wireless door control for access control systems using radio frequency technology to communicate in real time with a centralized computer system.
The physical security market is expected to witness a transition from wired systems to wireless technology. Functions of a wireless video surveillance system include video capture, video transmission through wireless sensor networks, and video analysis. Wireless IP-based surveillance solutions are cost-effective to deploy as installation and cabling are not required. However, the processing of large amounts of video data at each wireless node for video surveillance applications is still challenging. For instance, in March 2015, Panasonic Corporation (Japan) announced the development of Nubo wireless cameras, which provide solutions for network vulnerability by using a 4G cellular connection instead of Wi-Fi. This wireless security camera is weather-resistant and developed for both indoor and outdoor purposes. Mitsubishi Electric Corporation (Japan) has developed a wireless security camera that can send video recordings to smartphones, laptops, desktops, or tablets, in isolated places. The security camera which is equipped with a transmitter and a battery and can be moved to temporary venues that will be very useful in the 2020 Tokyo Summer Olympics.
Physical Security Market: Research Design
Based on component, the services segment is expected to grow with the fastest growth rate in 2018.
The services segment is projected to lead the physical security market during the forecast period. Physical security services play a vital role in enhancing the existing video surveillance system by integrating digital video surveillance with network and IT systems. This integration enhances property safety and reduces loss from thefts. Moreover, the service segment is being continuously affected by the introduction of the integrated Social, Mobile, Analytics, and Cloud (SMAC) solution, which need proper monitoring.
Based on organization size, the large enterprises segment is expected to lead the physical security market in 2018.
The large enterprises segment is expected to lead the market in 2018. These enterprises were the early adopters of physical security solutions and services, as they have larger revenue pool to spend and a larger infrastructure to be protected. High spending on security, followed by the high need for securing large assets is leading large enterprises to contribute to a higher market share in the market.
The residential vertical to lead the physical security market in 2018.
Business and recreational travelers demand safe and secure hotel accommodation with responsive and friendly customer service. The residential segment faces the challenge to manage security without violating the privacy of their guests, comfort, and travel experiences. In residential premises, the implementation of access control and video surveillance security systems is growing. The residential properties are installing access control systems to prevent invasion and burglary. There is also an increasing demand for access control systems to minimize unauthorized access. Residential properties are increasingly adopting electronic lock-based access control systems. The demand for electronic products is growing with the increased home automation trend.
The Asia Pacific (APAC) physical security market is projected to grow at the highest CAGR during the forecast period.
The APAC physical security market is projected to grow at the highest CAGR during the forecast period. This growth is primarily driven by the rising adoption of access control systems in Small and Medium-sized Enterprises (SMEs), hospitality businesses, airports, ATMs, banks, residential buildings, and religious places, among others are expected to drive the market. Security systems are expected to witness increasing adoption in APAC as the countries in the region are emerging economies with a growing number of manufacturing bases, and there is also a constant risk of terror threats in the region.
Key Market Players
ADT (US), Bosch Building Technologies (Germany), Cisco (US), Honeywell (US), Johnson Controls, (US), Anixter (US), Genetec (Canada), SECOM (Japan), G4S (UK), Pelco (US), Dahua Technology (US), Kastle Systems (US), Hikvision (China), STANLEY (US), and Axis Communications (Sweden).
ADT is one of the leading vendors of the physical security market. Currently, ADT is working toward enhancing its market share and presence with the help of the organic and inorganic growth strategies, such as partnerships and collaborations, and mergers and acquisitions. For instance. In December 2018, ADT signed an agreement with West Corporation (US), a global leader in technology-enabled services, to enhance customer experiences with 911 emergency communications. Through this arrangement, ADT would use Wests Emergency Response Link (ERL) to ensure homes and businesses monitored by ADT benefit from the most accurate location data available so that the correct response teams are deployed even faster.
Scope of the Report
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Report Metrics |
Details |
|
Market size available for years |
2016-2023 |
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Base year considered |
2017 |
|
Forecast period |
20182023 |
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Forecast units |
Billion (USD) |
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Segments covered |
Component (Systems and Services), Organization size, Vertical and Region |
|
Geographies covered |
North America, Europe, APAC, Latin America, and MEA |
|
Companies covered |
ADT (US), Bosch Building Technologies (Germany), Cisco (US), Honeywell (US), Johnson Controls, (US), Anixter (US), Genetec (Canada), SECOM (Japan), G4S (UK), Pelco (US), Dahua Technology (US), Kastle Systems (US), Hikvision (China), STANLEY (US), and Axis Communications (Sweden). |
The research report categorizes the physical security market to forecast the revenues and analyze trends in each of the following subsegments:
By Component
- Systems
- Services
By Systems Type
- Physical Access Control System (PACS)
- Video Surveillance System
- Perimeter Intrusion Detection and Prevention
- Physical Security Information Management (PSIM)
- Physical Identity and Access Management (PIAM)
- Security Scanning, Imaging, and Metal Detection
- Fire and Life Safety
By Services Type
- Access Control as a Service (ACaaS)
- Video Surveillance as a Service (VSaaS)
- Remote Monitoring Services
- Security Systems Integration Services
By Organization Size
- Small and medium-sized Enterprises
- Large Enterprises
By Vertical
- Banking, Financial Services and Insurance (BFSI)
- Government
- Retail
- Transportation
- Residential
- Telecom and Information Technology (IT)
- Others*
By Region
- North America
- US
- Canada
- Europe
- UK
- Germany
- Rest of Europe
- APAC
- China
- Japan
- Rest of APAC
- MEA
- UAE
- KSA
- Rest of MEA
- Latin America
- Brazil
- Mexico
- Rest of Latin America
Recent Developments
- In January 2019, ADT launched its newly redesigned smart home security systemthe ADT Command Panel & Control Platform (ADT Command)as well as a suite of smart security and home automation products.
- In October 2018, Bosch Building Technologies signed an alliance with Hanwha Techwin (South Korea), Milestone Systems (Denmark), Pelco (US), and Vivotek Inc. (Taiwan), and jointly established the Open Security & Safety Alliance, Inc., a non-profit, non-stock corporation that brings together like-minded organizations to outline specifications for a common standardized platform for security and safety solutions.
- In October 2018, Cisco added new enhancements to Cisco Video Surveillance Manager and released 7.12 version. The new version comprises smart licensing, real-time camera status in maps, improved file storage, HA failover timeout configurable up to 5 minutes, and other features.
- In August 2018, Honeywell launched its smart home security products, which are available online and in select retail stores nationwide. The self-installed, all-in-one security product is simple to set up and allows for awareness in and around a consumer's home.
Critical Questions the Report Answers:
- Where will all these developments take the industry in the long term?
- What are the upcoming trends for the physical security market?
- Which segment provides the most opportunity for growth?
- Who are the leading vendors operating in this market?
- What are the opportunities for new market entrants?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Market Segmentation
1.2.2 Regions Covered
1.3 Years Considered for the Study
1.4 Currency Considered
1.5 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
2.4 Market Forecast
2.5 Assumptions for the Study
2.6 Limitations of the Study
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Physical Security Market
4.2 Market By Component, 20182023
4.3 Market By System, 20182023
4.4 Market By Service, 20182023
4.5 Market By Vertical, 2018
4.6 Market By Organization Size, 20182023
4.7 Market Investment Scenario
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Incidents of Terror Attacks
5.2.1.2 Technological Advancements and Deployment of Wireless Technology in Security Systems
5.2.1.3 Increasing Use of IP-Based Cameras for Video Surveillance
5.2.1.4 Implementation of Mobile-Based Access Control
5.2.1.5 Adoption of IoT-Based Security Systems With Cloud Computing Platforms
5.2.2 Restraints
5.2.2.1 Violation of Privacy
5.2.3 Opportunities
5.2.3.1 Adoption of As A Service Model
5.2.3.2 Use of AI to Boost Surveillance
5.2.4 Challenges
5.2.4.1 Integration of Logical and Physical Components of Security Systems
5.2.4.2 Device Vulnerability and Chances of Systems Being Hacked
5.2.4.3 Need for High Bandwidth to Transfer Data
5.2.4.4 Need for High Capacity Storage for High-Resolution Images/Videos and Recordings
5.3 Industry Trends
5.3.1 Use Cases
6 Physical Security Market By Component
6.1 Introduction
6.2 Systems
6.2.1 Physical Access Control System
6.2.1.1 Locks
6.2.1.1.1 Mechanical Locks
6.2.1.1.1.1 Less Security and Rising Adoption of Electronic Locks
6.2.1.1.2 Electronic Locks
6.2.1.1.2.1 Strong Security and Flexible Integration With Smart Building Systems
6.2.1.2 Biometrics
6.2.1.2.1 Fingerprint Recognition
6.2.1.2.1.1 Increasing Use of Fingerprint Sensors in Various Electronic Devices
6.2.1.2.2 Facial Recognition
6.2.1.2.2.1 Better Accuracy, and Non-Contact Process drive growth of Facial Recognition
6.2.1.2.3 Others
6.2.1.3 Smart Cards and Readers
6.2.1.3.1 Growing Threat of Authentication Breaches Drive the Demand for Smart Cards and Readers
6.2.1.4 Access Control Software
6.2.1.4.1 Rising Adoption of Cloud Computing
6.2.2 Video Surveillance System
6.2.2.1 Cameras
6.2.2.1.1 Analog Cameras
6.2.2.1.1.1 Low Price of Analog Cameras Across Price-Sensitive Verticals
6.2.2.1.2 IP Cameras
6.2.2.1.2.1 Proliferation of Remote Monitoring Devices
6.2.2.2 Recorders
6.2.2.2.1 Digital Video Recorders
6.2.2.2.1.1 Rising Adoption of Network Video Recorders
6.2.2.2.2 Network Video Recorders
6.2.2.2.2.1 Remote Operation Functionality to Drive the Demand for Network Video Recorders
6.2.2.2.3 Video Analytics Software
6.2.2.2.3.1 Increased Need for Actionable Intelligence increases the demand for Video Analytics
6.2.2.2.4 Video Management Software
6.2.2.2.4.1 Rising Deployment of Surveillance Cameras
6.2.3 Perimeter Intrusion Detection and Prevention
6.2.3.1 Growing Need to Secure External Premises
6.2.4 Physical Security Information Management
6.2.4.1 Growing Demand to Integrate Disparate Security Components
6.2.5 Physical Identity and Access Management
6.2.5.1 Ability to Integrate Multiple Components of Access Control Hardware
6.2.6 Security Scanning, Imaging, and Metal Detection
6.2.6.1 Increasing Focus on Public Safety
6.2.7 Fire and Life Safety
6.2.7.1 Rising Fire Incidents Led to Increased Deployment of Fire and Life Safety Systems
6.3 Services
6.3.1 Access Control as A Service
6.3.1.1 SMEs to Drive the Growth of the ACAAS Industry
6.3.2 Video Surveillance as A Service
6.3.2.1 Rising Adoption of Cloud Services to Significantly Result in Increased Adoption of VSAAS
6.3.3 Remote Monitoring Services
6.3.3.1 Use of IP-Based Connected Technologies to Enhance Remote Monitoring Capabilities
6.3.4 Security Systems Integration Services
6.3.4.1 Open Network Video Interface Forum Standard to Be A Key Enabler for Seamless Integration of Security Systems
7 Physical Security Market By Organization Size
7.1 Introduction
7.2 Small and Medium-Sized Enterprises
7.2.1 Early Adoption of Cloud-Based Physical Security Services By Small and Medium-Sized Enterprises
7.3 Large Enterprises
7.3.1 Cost Benefits of Cloud-Based Physical Security Services
8 Physical Security Market By Vertical
8.1 Introduction
8.2 Banking, Financial Services, and Insurance
8.2.1 Physical Security to Play an Important Role in the Security of Organizations
8.3 Government
8.3.1 Rising Incidence of Terror Attacks Globally
8.4 Retail
8.4.1 Video Analytics to Play an Important Role in Driving the Growth of the Retail Vertical
8.5 Transportation
8.5.1 Increased Criminal Activities, Liability Suits, Vandalism, and Terrorism-Related Threats to Urge the Need for Physical Security
8.6 Residential
8.6.1 Implementation of Access Control and Video Surveillance Security Systems
8.7 Telecom and IT
8.7.1 Increased Security Threats Related to Legal Data
8.8 Others
9 Physical Security Market By Region
9.1 Introduction
9.2 North America
9.2.1 United States
9.2.1.1 Rising Instances of Criminal Activities and Terrorist Attacks
9.2.2 Canada
9.2.2.1 Growing Economy of Canada has Led to an Increasing Focus on Securing Assets in Commercial and Industrial Areas
9.3 Europe
9.3.1 United Kingdom
9.3.1.1 Demand for Enhanced Security in Enterprises and Industrial Sectors in the UK
9.3.2 Germany
9.3.2.1 Increased Deployment of Biometric Access Control System in the Country
9.3.3 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.1.1 Growing Need for Security Systems for Large-Scale Industrialization in China
9.4.2 Japan
9.4.2.1 Strong Technological Advancements in the Manufacturing Vertical to Lead the Growth of Physical Security Systems in Japan
9.4.3 Rest of Asia Pacific
9.5 Middle East and Africa
9.5.1 United Arab Emirates
9.5.1.1 Increasing Awareness of Security Threats and Growing IT Spending to Drive the Market
9.5.2 Kingdom of Saudi Arabia
9.5.2.1 Increased Government Spending on Safety and Security Measures, and Surge in Tourism and Hospitality Sectors in the Country
9.5.3 Rest of Middle East and Africa
9.6 Latin America
9.6.1 Brazil
9.6.1.1 Government Initiatives for Growing Security Concern to Provide Growth Opportunities for the Market in Brazil
9.6.2 Mexico
9.6.2.1 Rising Awareness About Physical Security Systems and Services to Drive the Growth of the Market in Mexico
9.6.3 Rest of Latin America
10 Competitive Landscape
10.1 Overview
10.2 Competitive Situation and Trends
10.2.1 New Product Launches
10.2.2 Agreements, Collaborations, and Partnerships
10.2.3 Mergers and Acquisitions
10.2.4 Business Expansions
10.3 Key Players in the Physical Security Market
11 Company Profiles
(Business Overview, Products, Solutions, and Services Offered, Recent Developments, and MnM View)*
11.1 ADT
11.2 Bosch Building Technologies
11.3 Cisco
11.4 Honeywell
11.5 Johnson Controls
11.6 Anixter
11.7 Genetec
11.8 Secom
11.9 G4s
11.10 Pelco By Schneider Electric
11.11 Zhejiang Dahua Technology Co.
11.12 Kastle Systems
11.13 Hangzhou Hikvision Digital Technology Co.
11.14 Stanley Convergent Security Solutions
11.15 Axis Communications
*Details on Business Overview, Products, Solutions, and Services Offered, Recent Developments, and MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: MarketsandMarkets Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details
List of Tables (104 Tables)
Table 1 Factor Analysis
Table 2 Physical Security Market Size, By Component, 20162023 (USD Billion)
Table 3 Systems: Market Size By Type, 20162023 (USD Billion)
Table 4 Systems: Market Size By Region, 20162023 (USD Billion)
Table 5 Physical Access Control System Market Size, By Region, 20162023 (USD Billion)
Table 6 Video Surveillance System Market Size, By Region, 20162023 (USD Billion)
Table 7 IP Camera vs Analog Camera
Table 8 Perimeter Intrusion Detection and Prevention Market Size, By Region, 20162023 (USD Billion)
Table 9 Physical Security Information Management Market Size, By Region, 20162023 (USD Billion)
Table 10 Physical Identity and Access Management Market Size, By Region, 20162023 (USD Billion)
Table 11 Security Scanning, Imaging, and Metal Detection Market Size, By Region, 20162023 (USD Billion)
Table 12 Fire and Life Safety Market Size, By Region, 20162023 (USD Billion)
Table 13 Services: Market Size By Type, 20162023 (USD Billion)
Table 14 Services: Market Size By Region, 20162023 (USD Billion)
Table 15 Access Control as A Service Market Size, By Region, 20162023 (USD Billion)
Table 16 Video Surveillance as A Service Market Size, By Region, 20162023 (USD Billion)
Table 17 Remote Monitoring Services Market Size, By Region, 20162023 (USD Billion)
Table 18 Security Systems Integration Services Market Size, By Region, 20162023 (USD Billion)
Table 19 Physical Security Market Size, By Organization Size, 20162023 (USD Billion)
Table 20 Small and Medium-Sized Enterprises: Market Size By Region, 20162023 (USD Billion)
Table 21 Large Enterprises: Market Size By Region, 20162023 (USD Billion)
Table 22 Physical Security Market Size By Vertical, 20162023 (USD Billion)
Table 23 Banking, Financial Services, and Insurance: Market Size By Region, 20162023 (USD Billion)
Table 24 Government: Market Size By Region, 20162023 (USD Billion)
Table 25 Retail: Market Size By Region, 20162023 (USD Billion)
Table 26 Transportation: Market Size By Region, 20162023 (USD Billion)
Table 27 Residential: Market Size By Region, 20162023 (USD Billion)
Table 28 Telecom and IT: Market Size By Region, 20162023 (USD Billion)
Table 29 Others: Market Size By Region, 20162023 (USD Billion)
Table 30 Physical Security Market Size, By Region, 20162023 (USD Billion)
Table 31 North America: Market Size By Component, 20162023 (USD Billion)
Table 32 North America: Market Size By System, 20162023 (USD Billion)
Table 33 North America: Market Size By Service, 20162023 (USD Billion)
Table 34 North America: Market Size By Organization Size, 20162023 (USD Billion)
Table 35 North America: Market Size By Vertical, 20162023 (USD Billion)
Table 36 North America: Market Size By Country, 20162023 (USD Billion)
Table 37 US: Market Size By Component, 20162023 (USD Billion)
Table 38 US Market Size By System, 20162023 (USD Billion)
Table 39 US Market Size By Service, 20162023 (USD Billion)
Table 40 US: Market Size By Organization Size, 20162023 (USD Billion)
Table 41 US: Market Size By Vertical, 20162023 (USD Billion)
Table 42 Canada: Market Size By Component, 20162023 (USD Billion)
Table 43 Canada: Market Size By System, 20162023 (USD Billion)
Table 44 Canada: Market Size By Service, 20162023 (USD Billion)
Table 45 Canada: Market Size By Organization Size, 20162023 (USD Billion)
Table 46 Canada: Market Size By Vertical, 20162023 (USD Billion)
Table 47 Europe: Physical Security Market Size, By Component, 20162023 (USD Billion)
Table 48 Europe: Market Size By System, 20162023 (USD Billion)
Table 49 Europe: Market Size By Service, 20162023 (USD Billion)
Table 50 Europe: Market Size By Organization Size, 20162023 (USD Billion)
Table 51 Europe: Market Size By Vertical, 20162023 (USD Billion)
Table 52 Europe: Market Size By Country, 20162023 (USD Billion)
Table 53 UK: Market Size By Component, 20162023 (USD Billion)
Table 54 UK Market Size By System, 20162023 (USD Billion)
Table 55 UK Market Size By Service, 20162023 (USD Billion)
Table 56 UK: Market Size By Organization Size, 20162023 (USD Billion)
Table 57 UK: Market Size By Vertical, 20162023 (USD Billion)
Table 58 Germany: Market Size By Component, 20162023 (USD Billion)
Table 59 Germany Market Size By System, 20162023 (USD Billion)
Table 60 Germany Market Size By Service, 20162023 (USD Billion)
Table 61 Germany: Market Size By Organization Size, 20162023 (USD Billion)
Table 62 Germany: Market Size By Vertical, 20162023 (USD Billion)
Table 63 Rest of Europe: Market Size By Component, 20162023 (USD Billion)
Table 64 Rest of Europe Market Size By System, 20162023 (USD Billion)
Table 65 Rest of Europe Market Size By Service, 20162023 (USD Billion)
Table 66 Rest of Europe: Market Size By Organization Size, 20162023 (USD Billion)
Table 67 Rest of Europe: Market Size By Vertical, 20162023 (USD Billion)
Table 68 Asia Pacific: Physical Security Market Size, By Component, 20162023 (USD Billion)
Table 69 Asia Pacific: Market Size By System, 20162023 (USD Billion)
Table 70 Asia Pacific: Market Size By Service, 20162023 (USD Billion)
Table 71 Asia Pacific: Market Size By Organization Size, 20162023 (USD Billion)
Table 72 Asia Pacific: Market Size By Vertical, 20162023 (USD Billion)
Table 73 Asia Pacific: Market Size By Country, 20162023 (USD Billion)
Table 74 China: Market Size By Component, 20162023 (USD Billion)
Table 75 China: Market Size By System, 20162023 (USD Billion)
Table 76 China: Market Size By Service, 20162023 (USD Billion)
Table 77 China: Market Size By Organization Size, 20162023 (USD Billion)
Table 78 China: Market Size By Vertical, 20162023 (USD Billion)
Table 79 Japan: Market Size By Component, 20162023 (USD Billion)
Table 80 Japan: Market Size By System, 20162023 (USD Billion)
Table 81 Japan: Market Size By Service, 20162023 (USD Billion)
Table 82 Japan: Market Size By Organization Size, 20162023 (USD Billion)
Table 83 Japan: Market Size By Vertical, 20162023 (USD Billion)
Table 84 Rest of APAC: Market Size By Component, 20162023 (USD Billion)
Table 85 Rest of APAC Market Size By System, 20162023 (USD Billion)
Table 86 Rest of APAC Market Size By Service, 20162023 (USD Billion)
Table 87 Rest of APAC: Market Size By Organization Size, 20162023 (USD Billion)
Table 88 Rest of APAC: Market Size By Vertical, 20162023 (USD Billion)
Table 89 Middle East and Africa: Physical Security Market Size, By Component, 20162023 (USD Billion)
Table 90 Middle East and Africa: Market Size By System, 20162023 (USD Billion)
Table 91 Middle East and Africa: Market Size By Service, 20162023 (USD Billion)
Table 92 Middle East and Africa: Market Size By Organization Size, 20162023 (USD Billion)
Table 93 Middle East and Africa: Market Size By Vertical, 20162023 (USD Billion)
Table 94 Middle East and Africa: Market Size By Country, 20162023 (USD Billion)
Table 95 Latin America: Physical Security Market Size, By Component, 20162023 (USD Billion)
Table 96 Latin America: Market Size By System, 20162023 (USD Billion)
Table 97 Latin America: Market Size By Service, 20162023 (USD Billion)
Table 98 Latin America: Market Size By Organization Size, 20162023 (USD Billion)
Table 99 Latin America: Market Size By Vertical, 20162023 (USD Billion)
Table 100 Latin America: Market Size By Country, 20162023 (USD Billion)
Table 101 New Product Launches, 20162019
Table 102 Agreements, Collaborations, and Partnerships, 20162018
Table 103 Mergers and Acquisitions, 20162018
Table 104 Business Expansions, 20162018
List of Figures (31 Figures)
Figure 1 Global Market: Research Design
Figure 2 Physical Security Market , 20162023
Figure 3 Market Top 3 Fastest-Growing Segments
Figure 4 Physical Security Market By Key Country, 2018
Figure 5 Rising Need to Secure the Physical Infrastructure to Drive the Market Growth
Figure 6 Services Segment to Lead the Market During the Forecast Period
Figure 7 Video Surveillance System to Lead the Market During the Forecast Period
Figure 8 Security Systems Integration Services Segment to Lead the Market During the Forecast Period
Figure 9 Residential Vertical to Lead the Market During the Forecast Period
Figure 10 Large Enterprises Segment to Hold A Higher Market Share During the Forecast Period
Figure 11 Physical Security Market: Market Investment Scenario
Figure 12 Drivers, Restraints, Opportunities, and Challenges: Market
Figure 13 Top 10 Countries With the Highest Number of Terror Attacks and Fatalities, 2017 vs 2016
Figure 14 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 15 Video Surveillance System Segment to Have the Largest Market Size During the Forecast Period
Figure 16 Access Control as A Service to Be the Fastest-Growing Segment During the Forecast Period
Figure 17 Small and Medium-Sized Enterprises Segment to Grow at A Higher CAGR During the Forecast Period
Figure 18 Residential Vertical to Have the Largest Market Size During the Forecast Period
Figure 19 Market in Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 20 North America: Market Snapshot
Figure 21 Asia Pacific: Market Snapshot
Figure 22 Key Developments By Leading Players in the Market (20162018)
Figure 23 Market Evaluation Framework
Figure 24 Key Players in the Physical Security Market, 2018
Figure 25 ADT: Company Snapshot
Figure 26 Cisco: Company Snapshot
Figure 27 Honeywell: Company Snapshot
Figure 28 Johnson Controls: Company Snapshot
Figure 29 Anixter: Company Snapshot
Figure 30 Secom: Company Snapshot
Figure 31 G4s: Company Snapshot
The study involved four major activities to estimate the current market size for the physical security market. Exhaustive secondary research was done to collect information on the market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments of the market.
Secondary Research
In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet have been referred to identify and collect information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, whitepapers, certified publications and articles by recognized authors, gold standard and silver standard websites, regulatory bodies, trade directories, and databases.
Primary Research
The physical security market comprises several stakeholders, such as service providers, solution vendors, system integrators, security agencies, trade associations, government authorities, security equipment providers, and Value-Added Resellers (VARs). The demand-side of the market consists of all the firms operating specially in the chemical industry. The supply-side includes physical security providers, offering physical security solutions and services. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of the primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The top-down and bottom-up approaches were used to estimate and validate the size of the global physical security market and various other dependent submarkets in the overall market. While using the top-down approach, an exhaustive list of all the vendors who offer solution and services in the market was prepared. The market share for all the vendors in the market was estimated through annual reports, press releases, funding, investor presentations, paid databases, and primary interviews. Each vendor were evaluated based on their solutions by technology, product type, and applications. The aggregate of all companies revenue was extrapolated to reach at the overall market size. Further, each subsegment was studied and analyzed for its global market size and regional penetration. The markets were triangulated through both primary and secondary research. The primary procedure included extensive interviews for key insights from the industry leaders, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and marketing executives.
Data Triangulation
After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides.
Report Objectives
- To determine and forecast the global physical security market by component, organization size, vertical and region from 2018 to 2023, and analyze the various macroeconomic and microeconomic factors that affect market growth
- To forecast the size of the market segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA)
- To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
- To profile the key market players, provide a comparative analysis on the basis of business overviews, regional presence, product offerings, business strategies, and key financials, and illustrate the competitive landscape of the market
- To track and analyze competitive developments, such as mergers and acquisitions, new product/service launches, business expansions, partnerships and collaborations, and Research and Development (R&D) activities in the market
Speak to analyst to detect blind spots in your revenue decisions by analysing interconnected unknowns around ""
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Physical Security Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Physical Security Market
Understanding the physical security market
Understanding the physical security market by various physical security components
Trends in personal security/bodyguard industry within the physical security market
Market potential of security solutions in the US
Understanding he physical security with respect to key players, market size and growth expectations, new technologies and trends in security
Understanding the physical security market
Understanding market potential in Europe and Middle East
Understanding physical security market potential in Kazakhstan.
Physical security market by types
Adoption of physical security systems in residential communities
Understanding various products in the physical security space
Understanding market potential of consulting and design services in US
Data on losses due to cyber attacks
Understanding market potential of video analytics SW within the physical security market space
Wish to understand market potential in South Eastern Asian countries specifically in Singapore, Indonesia, Malaysia and Vietnam
Understanding PISM market in India along with major adopters
Wish to understand market potential in Europe specifically in England, northern and southern region
Develop strategy and understand various products in cyber security space
Market potential for scanners and document authentication in the physical security market
Understanding security technology spend within the overall spend?
Potential of network infrastructure segmented by products