Physical security refers to the protection of various buildings and sensitive sites against any physical attack or damage. Physical security encompasses various aspects of building protection including video surveillance of the site, access control for personnel entry, intruder detection, entrance control, and network infrastructure, among others. Thereby, physical security solution providers offer integrated security systems which cover numerous above mentioned systems to ensure optimum security solutions. Apart from systems, companies also offer numerous physical security services in a subscription based model. These services include video surveillance as a service (VSaaS), access control as a service (ACaaS), remote monitoring services, and other security system integration services, among others.

Physical security solutions have become pivotal for various institutions all across the world due to rising threats and physical attacks and damage. Organizations from various end-use industries including banking and finance, education, healthcare, commercial, government, manufacturing and industrial, retail, events, transportation, residential, utilities and energy, among others seek to deploy physical security solutions to ensure safety for the property and personnel.

One of the major factors driving the growth of the physical security equipment and services market is the rising threat of terrorism all across the globe. It has become imperative for various organizations and governments across the world to invest in latest and advanced security solutions to ensure public and private safety of physical sites and people visiting or working there. Other factors such as rise in thefts and espionage have further fuelled the growth in the global physical security equipment and services market. Some of the factors restraining the growth in this market include high initial costs, and limited storage capacities, among others. However, with increasing demand for security and rise of subscription based models, the overall physical security and equipment market is expected to witness substantial growth during the forecast period.

The report titled “Global Physical Security Equipment and Services Market- Growth, Future Prospects and Competitive Analysis, 2016 – 2024” offers strategic insights into the global physical security equipment and services market along with the market size and estimates for the duration 2014 to 2024. The said research study covers in-depth analysis of multiple market segments based on technology (equipment and services), verticals and cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2015 & 2024. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report covers a section providing analysis on the types of security systems used i.e. analog and IP-based.

In order to help strategic decision makers, the report also includes competitive profiling of the leading providers of physical security equipment and services, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis, market positioning and key developments. Some of the major players profiled in the report are Tyco International Ltd., ADT LLC., Hikvision Digital Technology Co., Ltd., SECOM Co., Ltd., Honeywell International, Inc., Stanley Security Solutions, Bosch Sicherheitssysteme GmbH, United Technologies Corporation (UTC), G4S Plc., Siemens AG, China Security and Surveillance Technology, Inc., S1 Corporation, Panasonic Corporation, ALSOK (Sohgo Security Services Co. Ltd.) and Zhejiang Dahua Technology Co., Ltd.

Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the physical security industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2014 – 2015)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global physical security equipment and services market, offering market size and estimates for the period from 2016 to 2024, keeping in mind the above mentioned factors.

The global physical security equipment and services market is segmented, based on end-use verticals, into following categories

• Government
• Banking and Finance
• Commercial
• Residential
• Transportation
• Utilities and Energy
• Others (Education, Healthcare, Retail, Manufacturing and Industrial)

In 2015, the commercial end-use segment was the largest contributor in the global physical security equipment and services market, in terms of revenue. The commercial end-use vertical includes various business buildings and establishments such as office complexes, shopping complexes, hotels and restaurants, among others. With growing need to secure business areas and to provide safe environment to the employees and customers, this segment is expected to maintain its dominance throughout the forecast period.

The residential and transportation end-use segments are expected to witness relatively faster growth rates as compared to other verticals during the forecast period. Rising technological awareness among the general population and increasing demand for safe public transport in numerous countries across the world has led to the growing demand for physical security equipment and services in the transportation segment.

In 2015, North America dominated the overall physical security equipment and services market across the world. The segment contributed to more than one third of the total revenue generated globally in 2015. With increasing investments towards physical security and surveillance, the North America physical security equipment and services market is expected to grow at a significant rate during the forecast period.

Asia Pacific and Europe followed North America, in terms of revenue, in the global physical security equipment and services market. The Asia Pacific region led the overall global market for the physical security equipment segment especially for video surveillance equipment. In addition, increasing demand for IP-based VSaaS in China is expected to further fuel the demand in the video surveillance segment in the Asia Pacific region.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Physical Security Equipment And Services market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Physical Security Equipment And Services market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Physical Security Equipment And Services market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Physical Security Equipment And Services market?
• Which is the largest regional market for Physical Security Equipment And Services market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Physical Security Equipment And Services market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Physical Security Equipment And Services market worldwide?