Physical Security Market ? Lucrative Opportunuty Across?Globe

Posted by RASHMI on February 27th, 2019

The global physical security market is expected to rise significantly owing to the rising terror activities and crimes that have increased the demand for these solutions. The major concern of the physical security is to protect and prevent unforeseen incidence and provide better security to the people and property.

Globally, the demand for physical security has grown due to the emerging trend of convergence of physical and logical security. Rising demands for integrated physical security solutions will further trigger growth for the physical security market. Moreover, different regulations imposed by various governments to increase security levels will flourish in the global market for physical security.

As per the analysis in the report, there are certain valuations that will help the players to involve in the global physical security market. The market value for physical security is expected to reach US$ 125.03 bn by the end of 2019. During the forecast period between 2013 and 2019, this market is projected to expand at 14.9% of CAGR.

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The global physical security market has different components that include software, hardware, and services. On the basis of hardware, the market is further divided into intrusion detection, access control systems, prevention systems, and others (visitor management, fire and life safety, and backup power).

Among the intrusion detection and prevention systems, video surveillance dominates the market as compared to the other segments under this category. In the access control segment, biometric access control is leading and hold the largest number of shares under this category.