Brooklyn, NY — (PRESS RELEASE JET) — 09/29/2017 — The study presents a perspective on the numerous opportunities and the key trends in the market for physical security. Key insights have also been presented into the competitive landscape, detailing the prime vendors dominant in the market.
The report starts by giving an overview on the market for physical security. This section encapsulates the specifications, definition, and classification of physical security. Physical security covers physical security personnel and technologies such as cameras and scanners. The growing occurrence of crime and terror activities has resulted in an increased demand for physical security solutions in institutions, agencies, and enterprises. As per the study, physical security is being implemented mainly in three sectors, namely civil, national defense, and aviation.
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Moving next, the segmentation of the physical security market has been presented. In terms of hardware, the market can be categorized into intrusion detection and prevention, access control, and others. Intrusion detection and prevention can further be segmented into video surveillance, intruder alarms and locks, and intrusion detection.
On the other hand, access control can further be categorized into card-based access control, RFID, and biometrics. The others segment includes backup power systems, visitor management, and fire and life safety. Moving further, on the basis of geography, the report segments the physical security market into North America, Europe, Southeast Asia, Japan, China, and India.
In the following section of the study, the key dynamics shaping the growth of the market for physical security have been presented. The rising allocation of funding by several governments in order to enhance physical security and the growing concerns on security globally are amongst the prime factors fuelling the growth of the market for physical security.
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In addition, the rising regulations implemented by governments for increasing the levels of security globally will also positively impact the development of this market. Furthermore, upcoming technologies including cloud and intelligent analytics have emerged as key opportunities in the market.
Contrariwise, the growing concerns about privacy owing to the installation of surveillance cameras may inhibit the development of the market for physical security. In addition, the device interoperability problems involved in physical security systems may also negatively impact the growth of the market, as per this study.
In the last sections of the report, the key manufacturers in the global physical security market have been analyzed in terms of their product specifications and pictures and company profile. Cisco Systems, Anixter International, EMC Corporation, Honeywell International, Genetic, and Hewlett-Packard, among others, are the chief companies dominant in the market, as stated in the report.
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