The “Physical Security Market to 2025 – Global Analysis and Forecasts by Application, Services” report provides a detailed overview of the major factors impacting the global market with the market share analysis and revenues of various sub segments.
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Increasing adoption of internet in everything puts the business into high risk, IP network acceptance, access controls and other solutions are expected to drive the physical security market in near future. Security guidelines and regulations being implied at work places as well as industrial work space by governing bodies will upsurge the demand for physical security.
Physical threats may harm the financials, brand image and legal information of the organization, this has influenced many medium and large enterprises to implement physical security to avoid any damage to the company`s tangible and intangible assets. Social media is currently experiencing a rapid growth, the number of social media users has increased from thousands to millions and is estimated to grow with more pace in near future. This increasing trends of social media associates with the more security risks, and this also acts as a grounds to many illegal activities. As anticipated in previous studies, social media played an important role in physical and cyber threats around the globe, 2016 witnessed many civil and human right activities over social media.
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By the end of 2016, many ongoing civil and human right activities in countries like United States has set a platform to execute protests, some of the protects are still on going and represent a potential threat. Due to the success of these student protests, at the University of Missouri, such actions are expected to continue if that university management fulfil with the student organizers’ demands. These kind of social media threats are giving rise to more physical security solutions.
The global physical security market is broadly segmented by systems, services, end-users, and geography. Systems segment includes access control, video security and surveillance, intrusion detection, and physical security information management (PMIS), scanning. While service segment is further sub-segmented into system integration, maintenance, and consulting services. The major end-users of the physical security market are government & public sector, BFSI, transportation and logistics, defense, telecommunication, education, and retail, security and surveillance among others.
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Some of the key players in physical security market include Anixter International Inc., Cisco Systems, Inc., CSC, EMC Corporation, Genetec, Honeywell International, Hewlett-Packard, IBM, Lockheed Martin, Schneider Electric SA., among others. Cisco Physical Security solutions work in collaboration with other Cisco and partner technologies to offer a combined interface that provides awareness and security at some critical situations to act more quickly.
Some of the key points covered in the report:
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