Physical Security Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Increasing adoption of internet in everything puts the business into high risk, IP network acceptance, access controls and other solutions are expected to drive the physical security market in near future. Security guidelines and regulations being implied at work places as well as industrial work space by governing bodies will upsurge the demand for physical security.
Physical threats may harm the financials, brand image and legal information of the organization, this has influenced many medium and large enterprises to implement physical security to avoid any damage to the company`s tangible and intangible assets. Social media is currently experiencing a rapid growth, the number of social media users has increased from thousands to millions and is estimated to grow with more pace in near future. This increasing trends of social media associates with the more security risks, and this also acts as a grounds to many illegal activities. As anticipated in previous studies, social media played an important role in physical and cyber threats around the globe, 2015 witnessed many civil and human right activities over social media.
By the end of 2015, many ongoing civil and human right activities in countries like United States has set a platform to execute protests, some of the protects are still on going and represent a potential threat. Due to the success of these student protests, at the University of Missouri, such actions are expected to continue if that university management fulfil with the student organizers' demands. These kind of social media threats are giving rise to more physical security solutions.
The global physical security market is broadly segmented by systems, services, end-users, and geography. Systems segment includes access control, video security and surveillance, intrusion detection, and physical security information management (PMIS), scanning. While service segment is further sub-segmented into system integration, maintenance, and consulting services. The major end-users of the physical security market are government & public sector, BFSI, transportation and logistics, defense, telecommunication, education, and retail, security and surveillance among others.
Some of the key players in physical security market include Anixter International Inc., Cisco Systems, Inc., CSC, EMC Corporation, Genetec, Honeywell International, Hewlett-Packard, IBM, Lockheed Martin, Schneider Electric SA., among others. Cisco Physical Security solutions work in collaboration with other Cisco and partner technologies to offer a combined interface that provides awareness and security at some critical situations to act more quickly. REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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Country Scope
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1.1 List of Tables
1.2 List of Figures
2 Introduction
2.1 The Insight Partners Research Report Guidance
3 Key Takeaways
4 Physical Security Market Landscape
4.1 Overview
4.2 Definitions
4.3 Market Segmentation
4.3.1 By Systems
4.3.2 By Services
4.3.3 By End-users
4.3.4 By Regions
4.3.4.1 By Countries
4.4 Value Chain Analysis
5 Physical Security Market - Key Industry Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
6 Physical Security Market - Five Forces Analysis
6.1 Porters Five Forces Analysis
6.1.1 Bargaining Power of Suppliers
6.1.2 Bargaining Power of Buyers
6.1.3 Threat of Substitutes
6.1.4 Threat of New Entrants
6.1.5 Degree of Competition
7 Physical Security Market - Competitive Landscape
7.1 Global Physical Security Market Sales Revenue (US$ Bn), 2014 - 2025
7.2 Physical Security Market - Market Share Analysis of Market Positioning of Key Players, 2015
7.2.1 Global Physical Security Market, Market Share or Market Positioning of Key Players, 2015
7.2.2 Physical Security Market, Key Players by Region
8 Global Physical Security Market Revenue and Forecasts to 2028 - Systems
8.1 Overview
8.1.1 Segment Share (%), 2015 & 2025
8.2 Access Control
8.2.1 Overview
8.2.2 Global Access Control Market Revenue and Forecasts to 2028 (US$ Bn)
8.3 Video Surveillance
8.3.1 Overview
8.3.2 Global Video Surveillance Market Revenue and Forecasts to 2028 (US$ Bn)
8.4 Physical Security Information Management (PSIM)
8.4.1 Overview
8.4.2 Global Physical Security Information Management (PSIM) Market Revenue and Forecasts to 2028 (US$ Bn)
8.5 3D Screening and Scanning
8.5.1 Overview
8.5.2 Global Screening and Scanning Market Revenue and Forecasts to 2028 (US$ Bn)
8.6 Screening and Scanning
8.6.1 Overview
8.6.2 Global Screening and Scanning Market Revenue and Forecasts to 2028 (US$ Bn)
9 Global Physical Security Market Revenue and Forecasts to 2028 - Services
9.1 Overview
9.1.1 Segment Share (%), 2015 & 2025
9.2 System Integration
9.2.1 Overview
9.2.2 Global System Integration Market Revenue and Forecasts to 2028 (US$ Bn)
9.3 Maintenance and Support
9.3.1 Overview
9.3.2 Global Maintenance and Support Market Revenue and Forecasts to 2028 (US$ Bn)
9.4 Designing and Consulting
9.4.1 Overview
9.4.2 Global designing and Consulting Market Revenue and Forecasts to 2028 (US$ Bn)
9.5 Others
9.5.1 Overview
9.5.2 Global Others Market Revenue and Forecasts to 2028 (US$ Bn)
10 Global Physical Security Market Revenue and Forecasts to 2028 - End-users
10.1 Overview
10.1.1 Segment Share (%), 2015 & 2025
10.2 Government & Public Sector
10.2.1 Overview
10.2.2 Global Government & Public Sector Market Revenue and Forecasts to 2028 (US$ Bn)
10.3 Transportation & Logistics
10.3.1 Overview
10.3.2 Global Transportation & Logistics Market Revenue and Forecasts to 2028 (US$ Bn)
10.4 Telecom and IT
10.4.1 Overview
10.4.2 Global Consumer Electronics Market Revenue and Forecasts to 2028 (US$ Bn)
10.5 BFSI
10.5.1 Overview
10.5.2 Global BFSI Market Revenue and Forecasts to 2028 (US$ Bn)
10.6 Retail
10.6.1 Overview
10.6.2 Global Retail Market Revenue and Forecasts to 2028 (US$ Bn)
10.7 Education
10.7.1 Overview
10.7.2 Global Education Market Revenue and Forecasts to 2028 (US$ Bn)
10.8 Others
10.8.1 Overview
10.8.2 Global Others Market Revenue and Forecasts to 2028 (US$ Bn)\
11 Global Physical Security Market Revenue and Forecasts to 2028 - Geographical Analysis
11.1 Overview
11.1.1 Segment Share (%), 2015 & 2025
11.2 North America
11.2.1 Overview
11.2.1.1 Segment Share (%), 2015 & 2025
11.2.2 U.S.
11.2.2.1 U.S. Physical Security Market Revenue Forecasts to 2028 (US$ Bn)
11.2.3 Canada
11.2.3.1 Canada Physical Security Market Revenue Forecasts to 2028 (US$ Bn)
11.2.4 Mexico
11.2.4.1 Mexico Physical Security Market Revenue Forecasts to 2028 (US$ Bn)
11.3 Europe
11.3.1 Overview
11.3.1.1 Segment Share (%), 2015 & 2025
11.3.2 France
11.3.2.1 France Physical Security Market Revenue Forecasts to 2028 (US$ Bn)
11.3.3 Germany
11.3.3.1 Germany Physical Security Market Revenue Forecasts to 2028 (US$ Bn)
11.3.4 Italy
11.3.4.1 Italy Physical Security Market Revenue Forecasts to 2028 (US$ Bn)
11.3.5 Spain
11.3.5.1 Spain Physical Security Market Revenue Forecasts to 2028 (US$ Bn)
11.3.6 U.K
11.3.6.1 U.K Physical Security Market Revenue Forecasts to 2028 (US$ Bn)
11.3.7 Rest of Europe
11.3.7.1 Rest of Europe Physical Security Market Revenue Forecasts to 2028 (US$ Bn)
11.4 Asia Pacific (APAC)
11.4.1 Overview
11.4.1.1 Segment Share (%), 2015 & 2025
11.4.2 Australia
11.4.2.1 Australia Physical Security Market Revenue Forecasts to 2028 (US$ Bn)
11.4.3 China
11.4.3.1 China Physical Security Market Revenue Forecasts to 2028 (US$ Bn)
11.4.4 India
11.4.4.1 India Physical Security Market Revenue Forecasts to 2028 (US$ Bn)
11.4.5 Japan
11.4.5.1 Japan Physical Security Market Revenue Forecasts to 2028 (US$ Bn)
11.4.6 Rest of APAC
11.4.6.1 Rest of APAC Physical Security Market Revenue Forecasts to 2028 (US$ Bn)
11.5 Middle East & Africa (MEA)
11.5.1 Overview
11.5.1.1 Segment Share (%), 2015 & 2025
11.5.2 Saudi Arabia
11.5.2.1 Saudi Arabia Physical Security Market Revenue Forecasts to 2028 (US$ Bn)
11.5.3 South Africa
11.5.3.1 South Africa Physical Security Market Revenue Forecasts to 2028 (US$ Bn)
11.5.4 UAE
11.5.4.1 UAE Physical Security Market Revenue Forecasts to 2028 (US$ Bn)
11.5.5 Rest of MEA
11.5.5.1 Rest of MEA Physical Security Market Revenue Forecasts to 2028 (US$ Bn)
11.6 South America (SAM)
11.6.1 Overview
11.6.1.1 Segment Share (%), 2015 & 2025
11.6.2 Brazil
11.6.2.1 Brazil Physical Security Market Revenue Forecasts to 2028 (US$ Bn)
11.6.3 Rest of SAM
11.6.3.1 Rest of SAM Physical Security Market Revenue Forecasts to 2028 (US$ Bn)
12 Global Physical Security Market, Key Company Profiles
12.1 Anixter International Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Developments
12.2 Cisco Systems, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 SWOT Analysis
12.2.5 Key Developments
12.3 CSC
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 SWOT Analysis
12.3.5 Key Developments
12.4 EMC Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 SWOT Analysis
12.4.5 Key Developments
12.5 Genetec
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 SWOT Analysis
12.5.5 Key Developments
12.6 Honeywell International
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
12.6.4 SWOT Analysis
12.6.5 Key Developments
12.7 Hewlett Packard
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 SWOT Analysis
12.7.5 Key Developments
12.8 IBM Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 SWOT Analysis
12.8.5 Key Developments
12.9 Lockheed Martin
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 SWOT Analysis
12.9.5 Key Developments
12.10 Schneider Electric SA
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Financial Overview
12.10.4 SWOT Analysis
12.10.5 Key Developments
13 Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
13.3 Methodology
13.3.1 Coverage
13.3.2 Secondary Research
13.3.3 Primary Research
13.4 Contact Us
13.5 Disclaimer
Anixter International Inc.
Cisco Systems, Inc.
CSC
EMC Corporation
Genetec
Honeywell International
Hewlett Packard
IBM Corporation
Lockheed Martin
Schneider Electric SA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.