Physical Security Market

Table of Contents

1 Introduction (Page No. - 16)
    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 (Page No. - 20)
    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 (Page No. - 26)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Market Opportunities in the Physical Security Market
    4.2 Market By Component, 2018–2023
    4.3 Market By System, 2018–2023
    4.4 Market By Service, 2018–2023
    4.5 Market By Vertical, 2018
    4.6 Market By Organization Size, 2018–2023
    4.7 Market Investment Scenario

5 Market Overview and Industry Trends (Page No. - 33)
    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 (Page No. - 42)
    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 Led to Stagnant Deployment of Mechanical Locks
                               6.2.1.1.2 Electronic Locks
                                             6.2.1.1.2.1 Strong Security and Flexible Integration With Smart Building Systems to Spur the Growth of Electronic Locks
                    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 Led to the Growth of Fingerprint Recognition as A Standard Biometric Technology
                               6.2.1.2.2 Facial Recognition
                                             6.2.1.2.2.1 Better Accuracy, Non-Contact Process, and Ease of Deployment to Drive the 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 to 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 to Drive the Growth of Cloud-Based Access Control Software
           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 to Continue to Drive Their Adoption Across Price-Sensitive Verticals
                               6.2.2.1.2 IP Cameras
                                             6.2.2.1.2.1 Proliferation of Remote Monitoring Devices to Boost the Demand for IP Cameras
                    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 to Constrain the Growth of Digital 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 Led to the Demand for Video Analytics in Video Management Solutions
                               6.2.2.2.4 Video Management Software
                                             6.2.2.2.4.1 Rising Deployment of Surveillance Cameras to Fuel the Demand for Video Management Software
           6.2.3 Perimeter Intrusion Detection and Prevention
                    6.2.3.1 Growing Need to Secure External Premises to Fuel the Growth of Perimeter Intrusion Detection and Prevention System
           6.2.4 Physical Security Information Management
                    6.2.4.1 Growing Demand to Integrate Disparate Security Components to Drive the Growth of Psim Systems
           6.2.5 Physical Identity and Access Management
                    6.2.5.1 Ability to Integrate Multiple Components of Access Control Hardware to Drive the Demand for Piam
           6.2.6 Security Scanning, Imaging, and Metal Detection
                    6.2.6.1 Increasing Focus on Public Safety to Propel the Growth of Security Scanning, Imaging, and Metal Detection Systems
           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 Market By Organization Size (Page No. - 63)
    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 Led to the Growth of These Services
    7.3 Large Enterprises
           7.3.1 Cost Benefits of Cloud-Based Physical Security Services Led to the Increasing Adoption of These Services By Large Enterprises

8 Physical Security Market By Vertical (Page No. - 67)
    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 Operating in the BFSI Vertical
    8.3 Government
           8.3.1 Rising Incidence of Terror Attacks Globally Led to the Increasing Adoption of Physical Security Technologies and Solutions in the Government Vertical
    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 in the Transportation Vertical
    8.6 Residential
           8.6.1 Implementation of Access Control and Video Surveillance Security Systems to Grow in the Residential Vertical
    8.7 Telecom and IT
           8.7.1 Increased Security Threats Related to Legal Data to Propel the Need for Physical Security in the Telecom and IT Vertical
    8.8 Others

9 Market By Region (Page No. - 76)
    9.1 Introduction
    9.2 North America
           9.2.1 United States
                    9.2.1.1 Rising Instances of Criminal Activities and Terrorist Attacks to Increase the Demand for Physical Security in the Us
           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 to Further Propel the Growth of the Market in the Uk
           9.3.2 Germany
                    9.3.2.1 Increased Deployment of Biometric Access Control System has Propelled the Growth of the Physical Security Market 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 to Lead the Implementation of Physical Security Systems and Services
           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 to Drive the Market 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 (Page No. - 99)
     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 (Page No. - 111)
(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 (Page No. - 148)
     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 (64 Tables)

Table 1 Factor Analysis
Table 2 Physical Security Market Size, By Component, 2016–2023 (USD Billion)
Table 3 Systems: Market Size By Type, 2016–2023 (USD Billion)
Table 4 Systems: Market Size By Region, 2016–2023 (USD Billion)
Table 5 Physical Access Control System Market Size, By Region, 2016–2023 (USD Billion)
Table 6 Video Surveillance System Market Size, By Region, 2016–2023 (USD Billion)
Table 7 IP Camera vs Analog Camera
Table 8 Perimeter Intrusion Detection and Prevention Market Size, By Region, 2016–2023 (USD Billion)
Table 9 Physical Security Information Management Market Size, By Region, 2016–2023 (USD Billion)
Table 10 Physical Identity and Access Management Market Size, By Region, 2016–2023 (USD Billion)
Table 11 Security Scanning, Imaging, and Metal Detection Market Size, By Region, 2016–2023 (USD Billion)
Table 12 Fire and Life Safety Market Size, By Region, 2016–2023 (USD Billion)
Table 13 Services: Market Size By Type, 2016–2023 (USD Billion)
Table 14 Services: Market Size By Region, 2016–2023 (USD Billion)
Table 15 Access Control as A Service Market Size, By Region, 2016–2023 (USD Billion)
Table 16 Video Surveillance as A Service Market Size, By Region, 2016–2023 (USD Billion)
Table 17 Remote Monitoring Services Market Size, By Region, 2016–2023 (USD Billion)
Table 18 Security Systems Integration Services Market Size, By Region, 2016–2023 (USD Billion)
Table 19 Physical Security Market Size, By Organization Size, 2016–2023 (USD Billion)
Table 20 Small and Medium-Sized Enterprises: Market Size By Region, 2016–2023 (USD Billion)
Table 21 Large Enterprises: Market Size By Region, 2016–2023 (USD Billion)
Table 22 Market Size By Vertical, 2016–2023 (USD Billion)
Table 23 Banking, Financial Services, and Insurance: Market Size By Region, 2016–2023 (USD Billion)
Table 24 Government: Market Size By Region, 2016–2023 (USD Billion)
Table 25 Retail: Market Size By Region, 2016–2023 (USD Billion)
Table 26 Transportation: Market Size By Region, 2016–2023 (USD Billion)
Table 27 Residential: Market Size By Region, 2016–2023 (USD Billion)
Table 28 Telecom and IT: Market Size By Region, 2016–2023 (USD Billion)
Table 29 Others: Market Size By Region, 2016–2023 (USD Billion)
Table 30 Physical Security Market Size, By Region, 2016–2023 (USD Billion)
Table 31 North America: Market Size By Component, 2016–2023 (USD Billion)
Table 32 North America: Market Size By System, 2016–2023 (USD Billion)
Table 33 North America: Market Size By Service, 2016–2023 (USD Billion)
Table 34 North America: Market Size By Organization Size, 2016–2023 (USD Billion)
Table 35 North America: Market Size By Vertical, 2016–2023 (USD Billion)
Table 36 North America: Market Size By Country, 2016–2023 (USD Billion)
Table 37 Europe: Physical Security Market Size, By Component, 2016–2023 (USD Billion)
Table 38 Europe: Market Size By System, 2016–2023 (USD Billion)
Table 39 Europe: Market Size By Service, 2016–2023 (USD Billion)
Table 40 Europe: Market Size By Organization Size, 2016–2023 (USD Billion)
Table 41 Europe: Market Size By Vertical, 2016–2023 (USD Billion)
Table 42 Europe: Market Size By Country, 2016–2023 (USD Billion)
Table 43 Asia Pacific: Physical Security Market Size, By Component, 2016–2023 (USD Billion)
Table 44 Asia Pacific: Market Size By System, 2016–2023 (USD Billion)
Table 45 Asia Pacific: Market Size By Service, 2016–2023 (USD Billion)
Table 46 Asia Pacific: Market Size By Organization Size, 2016–2023 (USD Billion)
Table 47 Asia Pacific: Market Size By Vertical, 2016–2023 (USD Billion)
Table 48 Asia Pacific: Market Size By Country, 2016–2023 (USD Billion)
Table 49 Middle East and Africa: Physical Security Market Size, By Component, 2016–2023 (USD Billion)
Table 50 Middle East and Africa: Market Size By System, 2016–2023 (USD Billion)
Table 51 Middle East and Africa: Market Size By Service, 2016–2023 (USD Billion)
Table 52 Middle East and Africa: Market Size By Organization Size, 2016–2023 (USD Billion)
Table 53 Middle East and Africa: Market Size By Vertical, 2016–2023 (USD Billion)
Table 54 Middle East and Africa: Market Size By Country, 2016–2023 (USD Billion)
Table 55 Latin America: Physical Security Market Size, By Component, 2016–2023 (USD Billion)
Table 56 Latin America: Market Size By System, 2016–2023 (USD Billion)
Table 57 Latin America: Market Size By Service, 2016–2023 (USD Billion)
Table 58 Latin America: Market Size By Organization Size, 2016–2023 (USD Billion)
Table 59 Latin America: Market Size By Vertical, 2016–2023 (USD Billion)
Table 60 Latin America: Market Size By Country, 2016–2023 (USD Billion)
Table 61 New Product Launches, 2016–2019
Table 62 Agreements, Collaborations, and Partnerships, 2016–2018
Table 63 Mergers and Acquisitions, 2016–2018
Table 64 Business Expansions, 2016–2018

List of Figures (31 Figures)

Figure 1 Global Physical Security Market: Research Design
Figure 2 Market, 2016—2023
Figure 3 Market Top 3 Fastest-Growing Segments
Figure 4 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 (2016–2018)
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

Scope of Report

This research report categorizes the market to forecast revenues and analyze trends in each of the following submarkets:

On the basis of Component, the physical security market has been segmented as follows:

• Systems
• Services

On the basis of Systems Type, the market has been segmented as follows:

• 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

On the basis of Services Type, the market has been segmented as follows:

• Access Control as a Service (ACaaS)
• Video Surveillance as a Service (VSaaS)
• Remote Monitoring Services
• Security Systems Integration Services

On the basis of Organization Size, the physical security market has been segmented as follows:

• SMEs
• Large Enterprises

On the basis of Vertical, the market has been segmented as follows:

• Banking, Financial Services and Insurance (BFSI)
• Government
• Retail
• Transportation
• Residential
• Telecom and Information Technology (IT)
• Others*

On the basis of Regions, the physical security market has been segmented as follows:<

• 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

Available customizations

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

Company Information

• Detailed analysis and profiling of additional market players (Up to 5)