Global Physical Security Market (2020 to 2025) - Use of AI to Boost Surveillance Presents Opportunities

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Aug 19, 2020, 17:00 ET

DUBLIN, Aug. 19, 2020 /PRNewswire/ -- The "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 2025" report has been added to ResearchAndMarkets.com's offering.

The market size is expected to grow from USD 84.2 billion in 2018 to USD 120.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period.

Rising incidents of terror attacks, technological advancements and deployment of wireless technology in security systems, and increasing use of Internet Protocol (IP)-based cameras for video surveillance are expected to drive the overall growth of the physical security market across the globe.

Rising incidents of terror attacks, technological advancements and deployment of wireless technology in security systems, increasing use of IP-based cameras for video surveillance, implementation of mobile-based access control, and adoption of Internet of Things (IoT)-based security systems with cloud computing platforms are projected to drive the growth of the market across the globe. However, violation of privacy related to physical security systems and services is expected to restrict the growth of the market across the globe.

Based on component, the services segment is expected to grow with the fastest growth rate in 2020.

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) solutions, which need proper monitoring.

Based on organization size, the large enterprises segment is expected to lead the physical security market in 2020.

The large enterprises segment is expected to lead the physical security market in 2020. These enterprises were the early adopters of physical security solutions and services, as they have a 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 physical security market.

The residential vertical to lead the physical security market in 2020.

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 physical security 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 Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Physical Security Market
4.2 Market, by Component, 2020-2025
4.3 Market, by System, 2020-2025
4.4 Market, by Service, 2020-2025
4.5 Market, by Vertical, 2020
4.6 Market, by Organization Size, 2020-2025
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
5.2.1.1.1 COVID-19 Impact
5.2.1.2 Technological Advancements and Deployment of Wireless Technology in Security Systems
5.2.1.2.1 COVID-19 Impact
5.2.1.3 Increasing Use of Ip-Based Cameras for Video Surveillance
5.2.1.3.1 COVID-19 Impact
5.2.1.4 Implementation of Mobile-Based Access Control
5.2.1.4.1 COVID-19 Impact
5.2.1.5 Adoption of IoT-Based Security Systems With Cloud Computing Platforms
5.2.1.5.1 COVID-19 Impact
5.2.2 Restraints
5.2.2.1 Violation of Privacy
5.2.2.1.1 COVID-19 Impact
5.2.3 Opportunities
5.2.3.1 Adoption of As a Service Model
5.2.3.1.1 COVID-19 Impact
5.2.3.2 Use of Ai to Boost Surveillance
5.2.3.2.1 COVID-19 Impact
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
5.2.4.2.1 COVID-19 Impact
5.2.4.3 Need for High Bandwidth to Transfer Data
5.2.4.3.1 COVID-19 Impact
5.2.4.4 Need for High Capacity Storage for High-Resolution Images/Videos and Recordings
5.2.4.4.1 COVID-19 Impact
5.3 COVID-19-Driven Market Dynamics
5.3.1 Drivers and Opportunities
5.3.2 Restraints and Challenges
5.3.3 Cumulative Growth Analysis
5.4 Industry Trends
5.5 Value Chain Analysis
5.6 Ecosystem
5.7 Use Cases
5.8 Adjacent Markets

6 Physical Security Market, by Component
6.1 Introduction
6.1.1 Component: Market Drivers
6.1.2 Component: COVID-19 Impact Drivers
6.1.3 Market Estimates and Forecast, by Component, 2014-2025

7 Physical Security Market, by Systems
7.1 Introduction
7.2 Physical Access Control System
7.3 Video Surveillance System
7.4 Perimeter Intrusion Detection and Prevention
7.5 Physical Security Information Management
7.6 Physical Identity Access Management
7.7 Security Scanning, Imaging, and Metal Detection
7.8 Fire and Life Safety

8 Physical Security Market, by Services
8.1 Introduction
8.1.1 Services: Market Drivers
8.1.2 Services: COVID-19 Impact Drivers
8.1.3 Market Estimates and Forecast, by Services, 2014-2025
8.2 Access Control as a Service
8.2.1 Access Control as a Service: Physical Security Market Drivers
8.2.2 Access Control as a Service: COVID-19 Impact Drivers
8.2.3 Market Estimates and Forecast, by Access Control as a Service, 2014-2025
8.3 Video Surveillance as a Service
8.3.1 Video Surveillance as a Service: Market Drivers
8.3.2 Video Surveillance as a Service: COVID-19 Impact Drivers
8.3.3 Market Estimates and Forecast, by Video Surveillance as a Service, 2014-2025
8.4 Remote Monitoring Services
8.4.1 Remote Monitoring Services: Physical Security Market Drivers
8.4.2 Remote Monitoring Services: COVID-19 Impact Drivers
8.4.3 Market Estimates and Forecast, by Remote Monitoring Services, 2014-2025
8.5 Security Systems Integration Services
8.5.1 Security Systems Integration Services: Market Drivers
8.5.2 Security Systems Integration Services: COVID-19 Impact Drivers
8.5.3 Market Estimates and Forecast, by Security Systems Integration Services, 2014-2025

9 Physical Security Market, by Organization Size
9.1 Introduction
9.1.1 Market Estimates and Forecast, by Organization Size, 2014-2025
9.2 Small and Medium Enterprises
9.2.1 Small and Medium Enterprises: Market Drivers
9.2.2 Small and Medium Enterprises: COVID-19 Impact Drivers
9.2.3 Market Estimates and Forecast, by Small and Medium Enterprises, 2014-2025
9.3 Large Enterprises
9.3.1 Large Enterprises: Market Drivers
9.3.2 Large Enterprises: COVID-19 Impact Drivers
9.3.3 Market Estimates and Forecast, by Large Enterprises, 2014-2025

10 Physical Security Market, by Vertical
10.1 Introduction
10.1.1 Market Estimates and Forecast, by Vertical, 2014-2025
10.2 Banking, Financial Services, and Insurance
10.2.1 Banking, Financial Services, and Insurance: Market Drivers
10.2.2 Banking, Financial Services, and Insurance: COVID-19 Impact Drivers
10.2.3 Market Estimates and Forecast, by Banking, Financial Services, and Insurance, 2014-2025
10.3 Government
10.3.1 Government: Physical Security Market Drivers
10.3.2 Government: COVID-19 Impact Drivers
10.3.3 Market Estimates and Forecast, by Government, 2014-2025
10.4 Retail
10.4.1 Retail: Market Drivers
10.4.2 Retail: COVID-19 Impact Drivers
10.4.3 Market Estimates and Forecast, by Retail, 2014-2025
10.5 Transportation
10.5.1 Transportation: Market Drivers
10.5.2 Transportation: COVID-19 Impact Drivers
10.5.3 Market Estimates and Forecast, by Transportation, 2014-2025
10.6 Residential
10.6.1 Residential: Market Drivers
10.6.2 Residential: COVID-19 Impact Drivers
10.6.3 Market Estimates and Forecast, by Residential, 2014-2025
10.7 Telecom and It
10.7.1 Telecom and It: Market Drivers
10.7.2 Telecom and It: COVID-19 Impact Drivers
10.7.3 Market Estimates and Forecast, by Telecom and It, 2014-2025
10.8 Others
10.8.1 Market Estimates and Forecast, by Others, 2014-2025

11 Physical Security Market, by Region
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia-Pacific
11.5 Middle East and Africa
11.6 Latin America

12 Competitive Landscape
12.1 Overview
12.2 Competitive Situation and Trends
12.2.1 New Product Launches
12.2.2 Agreements, Collaborations, and Partnerships
12.2.3 Mergers and Acquisitions
12.2.4 Business Expansions
12.3 Revenue Analysis of Top Market Players
12.4 Key Players in the Market

13 Company Profiles
13.1 Introduction
13.2 ADT
13.3 Bosch Building Technologies
13.4 Cisco
13.5 Honeywell
13.6 Johnson Controls
13.7 Anixter (Wesco)
13.8 Genetec
13.9 Secom
13.10 G4S
13.11 Pelco by Schneider Electric
13.12 Hid Global
13.13 Zhejiang Dahua Technology Co.
13.14 Kastle Systems
13.15 Hangzhou Hikvision Digital Technology Co.
13.16 Stanley Convergent Security Solutions
13.17 Axis Communications
13.18 General Dynamics
13.19 Huawei
13.20 NEC Corporation
13.21 Hexagon
13.22 IBM
13.23 Other Vendors (Axxonsoft, Flir Systems, Everbridge, Qognify, and Alertenterprise)

14 Adjacent Markets
14.1 Introduction
14.2 Limitations
14.3 Cybersecurity
14.3.1 Market Overview
14.3.2 Cybersecurity Market by Component
14.3.2.1 Solutions
14.3.2.2 Services
14.3.3 Cybersecurity Market by Type
14.3.3.1 Network Security
14.3.3.2 Endpoint Security
14.3.3.3 Application Security
14.3.3.4 Cloud Security
14.3.4 Cybersecurity Market by Deployment
14.3.5 Cybersecurity Market by Organization Size
14.3.6 Cybersecurity Market by Industry Vertical
14.4 Identity and Access Management
14.4.1 Market Overview
14.4.2 Identity & Access Management Market, by Component
14.4.3 Identity & Access Management Market, by Organization Size
14.4.4 Identity & Access Management Market, by Deployment Type
14.4.5 Identity & Access Management Market, by Vertical
14.4.6 Geographic Analysis
14.5 Perimeter Intrusion Detection System
14.5.1 Market Overview
14.5.2 Perimeter Intrusion Detection Systems Market, by Component
14.5.3 Perimeter Intrusion Detection Systems Market, by Organization Size
14.5.4 Perimeter Intrusion Detection System Market, by Deployment Type
14.5.5 Perimeter Intrusion Detection Systems Market, by Region
14.5.5.1 North America

15 Appendix

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