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Physical Security Market Share

Report ID: GMI2022
Published Date: Jan 2021
Report Format: PDF

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Physical Security Market Share

The players operating in the market are developing new solutions for catering to different end-use demands. The high adoption of physical security systems across several industry verticals is encouraging market players to launch innovative solutions that help to strengthen the safety system. Market players are also focusing on R&D activities associated with high performance access control solutions in response to the demand from the corporate sector. Increasing competition among established players will boost the market revenue.

Key players operating in the physical security market include:

Axis Communications AB
ASSA Abloy
Hangzhou Hikvision Digital Technology Co., Ltd
Honeywell International Inc
Johnson Controls
STANLEY Convergent Security Solutions, Inc.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The physical security industry size was valued at USD 70 billion in annual value in 2020 and is likely to rise at an 11% CAGR through 2027 owing to a growing demand from the transportation sector.

The U.S. industry share from the video surveillance segment is anticipated to grow at around 10% up to 2027 due to the expanding hospitality sector across the region.

The physical security industry size for the Germany region reached USD 4 billion in 2020 and will grow with increasing requirements from the manufacturing sector for improved safety at production facilities.

The MEA physical security industry share is pegged to record an 11% CAGR through 2027 driven by the growing retail sector, to ensure customer and employee safety across the region.

Axis Communications, ASSA Abloy, Hangzhou Hikvision Digital Technology, Honeywell International, Johnson Controls, and STANLEY Convergent Security Solutions are few prominent companies that offer physical security solutions.