Press Release

Global physical security services market is segmented into industry, service, system and region. On considering the industry, physical security services market is divided into hospitality, Oil & Gas, Retail, Education, BFSI, Telecom & IT, Logistics & Transportation, Government, Public & Defense Sector and more. On the basis of service, market is divided into system integration, consulting & designing and support & maintenance. Based on system, market is divided into Life & Fire Safety, Metal Detection, Security Scanning, Physical Security Information Management, Video Surveillance, Locks, Biometrics Systems and Access Control Protocols.

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In addition, the global physical security services market is projected to experience several technological innovations such as the transformation of analog to IP networking system. However, these technological innovations are consists of ubiquitous sensors, video analytics & display, power access system, and the number of smart devices. Increasing several safety concerns of personal network and hardware infrastructure are highly influencing the demand for physical security service market across the world.

Rapidly increase in the occurrences of terror as well as criminal activities resulted in the growing demand for the global physical security market. In addition, the healthy growth rate in the occurrences of government organizations, critical infrastructure, and the terrorists’ attacks on organizations are boosting the companies as well as government to adopt the physical security services.   However, infrastructures such as airports, energy & power generation, railway stations, trade centers, enterprise facilities, banks, and data centers have increased expenditure on physical security services.

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In addition, physical security services are protecting the working of manufacturing industries by avoiding the loss of accidents as well as working hours in the organization. Biometric solutions, Internet protocol, refined access control systems, and video are some major trends of the global physical security services market. Likewise, functions of online payments, mobile banking, mobile payments, and growing ATMs are helping the user to manage their information securely.

Increase in the growth in the security across the globe and distribution of budget are some major factors contributing to the growth of global physical security services market. In addition, government rules & regulations for several areas improving the security level is boosting the global physical security services market in several business and industrial applications. Likewise, the rise in concerns about inland security across the globe owing to the huge growth in the disruptive as well as terrorist attacks is also a major factor will fuel the growth of this market into coming years.

The segmentation of the global physical security services market is done on considering the factors such as service, region, industry, and system. In terms of industry, the global physical security services market is sub-divided into oil & gas, BFSI, logistics & transportation, IT & telecom, government, retail, public & defense sector, education, and many more. On considering the service segment, the market is fragmented into designing & consulting, system integration, and maintenance & support. In terms of system, the global physical security services market is sub-divided into metal detection, video surveillance, fire & life safety, biometrics system, locks, physical security information management, security scanning, and access control protocols.

In terms of geographical expansion, the global physical security services market is fragmented into Europe, North America, Middle East & Africa, Asia-Pacific, and South America. Amongst these, North America is one of the leading regions with highest global physical security services market share over the forecast period. Cisco Systems, Honeywell International, and Axis Communications are some major players of the global physical security services market.

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Key Segments in the “Global Physical Security Services Market” are-

By Industry, market is segmented into:

  • Hospitality
  • Oil & Gas
  • Retail
  • Education
  • BFSI
  • Telecom & IT
  • Logistics & Transportation
  • Government
  • Public & Defense Sector
  • Others

By Service, market is segmented into:

  • System integration
  • Consulting & Designing
  • Support & Maintenance

By System, market is segmented into:

  • Packaging Life & Fire Safety
  • Metal Detection
  • Security Scanning
  • Physical Security Information Management
  • Video Surveillance
  • Locks
  • Biometrics Systems and Access Control Protocols

By Regions market is segmented into:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

What to expect from the Global Physical Security Services Market report?

  • Predictions of future made for this market during the forecast period.
  • Information on the current technologies, trends, devices, procedures, and products in the industry.
  • Detailed analysis of the market segmentation, depending on the types, devices, and products.
  • Government regulations and economic factors affecting the growth of the market.
  • An insight into the leading manufacturers.
  • Regional demographics of the market.

Who should buy this report?

Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies.

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This post was originally published on The Picayune Current