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Physical Security Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Jun 2022
  • Pages: 138
  • SKU: IRTNTR73603
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Based on Technavio's market sizing methodology, the physical security market size is predicted to surge to USD 62.75 billion from 2021 to 2026 at a CAGR of 9.4%.

This physical security market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers physical security market segmentation by:

  • Type - Hardware and software and Services
  • Geography - North America, Europe, APAC, South America, and Middle East and Africa

The physical security market report also offers information on several market vendors, including ADT Inc., ASSA ABLOY AB, Axis Communications AB, Everbridge Inc., Genetec Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Honeywell International Inc., IDEMIA, Johnson Controls International Plc, MOBOTIX AG, Panasonic Corp., Robert Bosch GmbH, Salient Systems Corp., Schneider Electric SE, SECOM Plc, Securitas AB, Siemens AG, Sohgo Security Services Co. Ltd., Stanley Black and Decker Inc., and Teledyne Technologies Inc. among others.

What will the Physical Security Market Size be During the Forecast Period?

Physical Security Market Size

Download the Free Report Sample to Unlock the Physical Security Market Size for the Forecast Period and Other Important Statistics

 

Who are the Major Physical Security Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ADT Inc.
  • ASSA ABLOY AB
  • Axis Communications AB
  • Everbridge Inc.
  • Genetec Inc.
  • Hangzhou Hikvision Digital Technology Co. Ltd.
  • Honeywell International Inc.
  • IDEMIA
  • Johnson Controls International Plc
  • MOBOTIX AG
  • Panasonic Corp.
  • Robert Bosch GmbH
  • Salient Systems Corp.
  • Schneider Electric SE
  • SECOM Plc
  • Securitas AB
  • Siemens AG
  • Sohgo Security Services Co. Ltd.
  • Stanley Black and Decker Inc.
  • Teledyne Technologies Inc.

 

This statistical study of the physical security market encompasses successful business strategies deployed by the key vendors. The physical security market is fragmented and the vendors are deploying growth strategies such as expanding their consumer base to increase their market shares to compete in the market.

Product Insights and News

  • adt.com - The company offers physical security products such as ADT command panel, Security key fob and Door and windows alarms.

  • adt.com - Under the unified segment, the company operates and reports in a single segment that includes the revenue generated from all the products.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The physical security market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Physical Security Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the physical security market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Physical Security Market?

Physical Security Market Market segmentation by region

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33% of the market's growth will originate from Europe during the forecast period. Germany and UK are the key markets for physical security in Europe. Market growth in this region will be faster than the growth of the market in the North American, MEA, and South American regions.

The rise in the crime rate in the country will facilitate the physical security market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Most countries in North America were severely affected by the COVID-19 pandemic in 2020. The rise in the number of COVID-19 cases across the region during the first half of 2020 compelled governments to introduce emergency legislation, which included restrictions on the operational activities of several industries. However, the successful COVID-19 vaccination drives conducted by governments across the region and the resumption of industrial activities stabilized the growth of the market in the first half of 2021. 

What are the Revenue-generating Type Segments in the Physical Security Market?

Physical Security Market Segmentation

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The physical security market share growth by the hardware and software segment will be significant during the forecast period. The hardware and software component was the largest contributor to the global physical security market because the investments made by vendors in the market in hardware and software are higher than that in services. An increase in loss resulting from customer theft, employee theft, poor inventory management, and inefficient operations has compelled retailers to invest in electronic article surveillance systems as part of a well-managed and well-executed loss prevention plan.

This report provides an accurate prediction of the contribution of all the segments to the growth of the physical security market size and actionable market insights on post COVID-19 impact on each segment.

Physical Security Market: Key Drivers, Trends, and Challenges

The increasing concerns about terrorism and crime is notably driving the physical security market growth, although factors such as the high initial investment may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the physical security industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Physical Security Market Driver

One of the key factors driving growth in the physical security market is the increasing concerns about terrorism and crime. Modern cities are exposed to the threat of crimes and terrorism due to the rapid growth in population combined with socioeconomic factors such as joblessness among the youth. Terrorism and crime incidents are not limited to developing economies; the number of such incidents is also rising in developed economies. Hence, businesses, as well as commercial and residential complexes, are employing physical security solutions, which involve video surveillance, access control and others. Crime rates and the number of terrorist incidents have been increasing in several countries in South Asia, including India, over the past few years. Therefore, concerns over rising incidents of terrorism and crimes will drive the growth of the market during the forecast period.

Key Physical Security Market Trend

The integration of IoT in physical security is a physical security market trend that is expected to have a positive impact in the coming years. IoT is a technology with the help of which physical objects are accessible via the Internet. IoT connects a wide range of objects ranging from sensor-powered microcontrollers to devices powered by processors. These objects are interconnected in a way that makes it suitable to collect and analyze data in real time. IoT is used for wireless video surveillance to capture videos and transmit them to devices over a wireless network. This helps in getting an immediate response to a problem and enables real-time decision-making. The growing demand for improving the efficiency of industrial facilities such as waste management plants, energy plants, and water management plants will contribute to the increasing installation of IoT-based physical security devices. IoT will make video surveillance and commercial systems more interactive, which will help in better communication with all physical security devices. Thus, the rising integration of IoT in physical security solutions will boost the growth of the market in focus.

Key Physical Security Market Challenge

The high initial investment will be a major challenge for the physical security market during the forecast period. The new entrants to the market require a large amount of initial investment for the basic IT infrastructure of physical security solutions. An initial IT infrastructure investment can cost up to tens of thousands of dollars, which is difficult for certain companies to bear. Therefore, there are fewer new entrants in the industry. Since there are a number of new physical security technologies that are coming up, there would be an increasing need for updated professional expertise. If professional expertise does not exist, organizations invest plenty of resources in training personnel. Moreover, as the number of people who are professionally adept with new technologies is limited, the cost of hiring them would be high for organizations. Hence, the high initial investment is a major challenge for the growth of the global physical security market.

This physical security market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global physical security market as a part of the global IT consulting and other services market within the global IT services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the physical security market during the forecast period.

 

Physical Security Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 9.4%

Market growth 2022-2026

$ 62.75 billion

Market structure

Fragmented

YoY growth (%)

8.79

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 33%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ADT Inc., ASSA ABLOY AB, Axis Communications AB, Everbridge Inc., Genetec Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Honeywell International Inc., IDEMIA, Johnson Controls International Plc, MOBOTIX AG, Panasonic Corp., Robert Bosch GmbH, Salient Systems Corp., Schneider Electric SE, SECOM Plc, Securitas AB, Siemens AG, Sohgo Security Services Co. Ltd., Stanley Black and Decker Inc., and Teledyne Technologies Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Physical Security Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive physical security market growth during the next five years
  • Precise estimation of the physical security market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the physical security industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of physical security market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Hardware and software - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Hardware and software - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Hardware and software - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Hardware and software - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Hardware and software - Year-over-year growth 2021-2026 (%)
    • 5.4 Services - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Services - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Services - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Services - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Services - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 36: Market opportunity by Type ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 UK - Market size and forecast 2021-2026
      • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 ADT Inc.
              • Exhibit 89: ADT Inc. - Overview
              • Exhibit 90: ADT Inc. - Product / Service
              • Exhibit 91: ADT Inc. - Key news
              • Exhibit 92: ADT Inc. - Key offerings
            • 10.4 Axis Communications AB
              • Exhibit 93: Axis Communications AB - Overview
              • Exhibit 94: Axis Communications AB - Product / Service
              • Exhibit 95: Axis Communications AB - Key news
              • Exhibit 96: Axis Communications AB - Key offerings
            • 10.5 Hangzhou Hikvision Digital Technology Co. Ltd.
              • Exhibit 97: Hangzhou Hikvision Digital Technology Co. Ltd. - Overview
              • Exhibit 98: Hangzhou Hikvision Digital Technology Co. Ltd. - Product / Service
              • Exhibit 99: Hangzhou Hikvision Digital Technology Co. Ltd. - Key offerings
            • 10.6 Honeywell International Inc.
              • Exhibit 100: Honeywell International Inc. - Overview
              • Exhibit 101: Honeywell International Inc. - Business segments
              • Exhibit 102: Honeywell International Inc. - Key news
              • Exhibit 103: Honeywell International Inc. - Key offerings
              • Exhibit 104: Honeywell International Inc. - Segment focus
            • 10.7 Johnson Controls International Plc
              • Exhibit 105: Johnson Controls International Plc - Overview
              • Exhibit 106: Johnson Controls International Plc - Business segments
              • Exhibit 107: Johnson Controls International Plc - Key news
              • Exhibit 108: Johnson Controls International Plc - Key offerings
              • Exhibit 109: Johnson Controls International Plc - Segment focus
            • 10.8 Panasonic Corp.
              • Exhibit 110: Panasonic Corp. - Overview
              • Exhibit 111: Panasonic Corp. - Business segments
              • Exhibit 112: Panasonic Corp. - Key offerings
              • Exhibit 113: Panasonic Corp. - Segment focus
            • 10.9 Robert Bosch GmbH
              • Exhibit 114: Robert Bosch GmbH - Overview
              • Exhibit 115: Robert Bosch GmbH - Business segments
              • Exhibit 116: Robert Bosch GmbH - Key news
              • Exhibit 117: Robert Bosch GmbH - Key offerings
              • Exhibit 118: Robert Bosch GmbH - Segment focus
            • 10.10 Schneider Electric SE
              • Exhibit 119: Schneider Electric SE - Overview
              • Exhibit 120: Schneider Electric SE - Business segments
              • Exhibit 121: Schneider Electric SE - Key news
              • Exhibit 122: Schneider Electric SE - Key offerings
              • Exhibit 123: Schneider Electric SE - Segment focus
            • 10.11 SECOM Plc
              • Exhibit 124: SECOM Plc - Overview
              • Exhibit 125: SECOM Plc - Business segments
              • Exhibit 126: SECOM Plc - Key offerings
              • Exhibit 127: SECOM Plc - Segment focus
            • 10.12 Teledyne Technologies Inc.
              • Exhibit 128: Teledyne Technologies Inc. - Overview
              • Exhibit 129: Teledyne Technologies Inc. - Business segments
              • Exhibit 130: Teledyne Technologies Inc. - Key news
              • Exhibit 131: Teledyne Technologies Inc. - Key offerings
              • Exhibit 132: Teledyne Technologies Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 133: Inclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 134: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 135: Research methodology
                • Exhibit 136: Validation techniques employed for market sizing
                • Exhibit 137: Information sources
              • 11.5 List of abbreviations
                • Exhibit 138: List of abbreviations
              • consulting services: o
                • integration services: o
                  • services: o

                    Research Framework

                    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                    TechnavioINFORMATION SOURCES

                    Primary sources

                    • Manufacturers and suppliers
                    • Channel partners
                    • Industry experts
                    • Strategic decision makers

                    Secondary sources

                    • Industry journals and periodicals
                    • Government data
                    • Financial reports of key industry players
                    • Historical data
                    • Press releases
                    Technavio

                    TechnavioDATA ANALYSIS

                    Data Synthesis

                    • Collation of data
                    • Estimation of key figures
                    • Analysis of derived insights

                    Data Validation

                    • Triangulation with data models
                    • Reference against proprietary databases
                    • Corroboration with industry experts
                    Technavio

                    TechnavioREPORT WRITING

                    Qualitative

                    • Market drivers
                    • Market challenges
                    • Market trends
                    • Five forces analysis

                    Quantitative

                    • Market size and forecast
                    • Market segmentation
                    • Geographical insights
                    • Competitive landscape
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                    Physical Security Market market growth will increase by $62.75 bn during 2022-2026.
                    The physical security market market is expected to grow at a CAGR of 9.4% during 2022-2026.
                    Technavio has segmented the physical security market market by type (Hardware and software and Services) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
                    ADT Inc., ASSA ABLOY AB, Axis Communications AB, Everbridge Inc., Genetec Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Honeywell International Inc., IDEMIA, Johnson Controls International Plc, MOBOTIX AG, Panasonic Corp., Robert Bosch GmbH, Salient Systems Corp., Schneider Electric SE, SECOM Plc, Securitas AB, Siemens AG, Sohgo Security Services Co. Ltd., Stanley Black and Decker Inc., Teledyne Technologies Inc. are a few of the key vendors in the physical security market market.
                    Europe will register the highest growth rate of 33% among the other regions. Therefore, the physical security market market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
                    The key factors driving the physical security market market growth are:
                    • Increasing concerns about terrorism and crime
                    • Integration of IoT in physical security
                    The physical security market market vendors should focus on grabbing business opportunities from the hardware and software segment as it accounted for the largest market share in the base year.
                    • What are the key global market and the regional market share?
                    • What are the revenue-generating key market segments?
                    • What are the key factors driving and challenging this market’s growth?
                    • Who are the key market vendors and their growth strategies?
                    • What are the latest trends influencing the growth of this market?
                    • What are the variables influencing the market growth in the primary regions?
                    • What are the factors influencing the growth of the parent market?
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