Physical Security Market Report Forecasts Rising Demand from Emerging Markets - Scalar Market Research
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Chicago, IL -- (SBWire) -- 09/27/2016 --According to the report, "Physical Security Market, By System (Access Controls, Video Surveillance, Screening & Scanning, Perimeter Intrusion Detection, Safety & Security, Physical Security Information Management), By Service (Designing & Consulting, Maintenance & Support, System Integration), By Vertical (Telecom & IT, Transportation & Logistics, Government & Public Sector, Education, Healthcare, Banking, Financial Services & Insurance, Retail, Defense & Security), and By Geography (North America, Latin America, Europe, Asia-Pacific, Middle East & Africa) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022", the market for physical security market is expected to witness healthy growth by 2022.
The physical security market report focuses on the key drivers and restraints for the major market players around the world. The report also focuses on offering in-depth analysis of the market share, segmentation, revenue forecasts for the market on a global scale.
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According to the report, the physical security market is expected to grow at an impressive Compound Annual Growth Rate (CAGR) during the forecast period. It attributes this healthy growth of the market to the rise in the terrorist attacks and the increasing efforts by the organizations to protect their business assets, customers, and employees. The major restraining factors mentioned in the report include limited infrastructure and the lack of awareness. The report also suggests that the growing influence on smart cities, smart securities, and digital systems, along with the stringent rules and regulations set by the governments around the world, will be some of the major growth drivers for the market.
The physical security market report segments the global market by systems, services, verticals, and geographic regions. The systems segment is further divided into video surveillance, access control, perimeter intrusion detection, physical security information management, screening & scanning, and safety & security. The service segments include maintenance & support, designing & consulting, and system integration. The verticals include BFSI, telecom & IT, education, retail, healthcare, transportation & logistics, defense & security, and government & public security. The major geographic regions included in the report include Asia-Pacific, North America, Europe, Latin America, and Middle East & Africa.
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The key market players included in the physical security market report include Anixter, Inc., Cisco Systems, Inc., Communications Supply Corporation, EMC Corporation, Genetec, Inc., Hewlett-Packard Development Co. Ltd., Honeywell International, Inc., IBM Corporation, Schneider Electric SE, and such others. The report predicts major business opportunities across the emerging markets. It suggests that North America will dominate the global market based on market share and revenue.
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