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SOURCE Research and Markets
DUBLIN, Ireland, February 21, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/s43t9d/physical_security) has announced the addition of the "Concise Analysis of the Physical Security Market - Forecast to 2019" report to their offering.
The worldwide market for physical security was valued at USD 48.05 billion in 2012 and is projected to reach the market size of USD 125.03 billion by 2019, growing at a CAGR of 14.9% during the period from 2013 to 2019. Some of the major factors driving the demand for physical security include rising global security concerns and increasing budget allocations for physical security by governments to prevent terrorism and crime activities. In addition, regulations imposed by governments of different countries demanding increased security levels is driving the adoption of physical security in several end-user sectors including industrial and business organizations. Continued investments in infrastructure worldwide, especially, in Asia Pacific region is expected to emerge as a significant factor behind the growth of physical security market in coming years.
The primary concern in physical security is the protection and prevention in order to serve security interests of people, equipment, and property. The increase in incidences of terror activities and crime has resulted in escalated demand for physical security solutions. It is expected that internet protocol (IP) video, sophisticated access control systems and biometric solutions would drive the demand for physical security solutions. Further, the emerging trend of convergence of logical and physical security and increased demand for integrated physical security solutions are expected to boost the growth of physical security market.
The different components of physical security include hardware, software and services. The market for physical security hardware has been further segmented into intrusion detection and prevention systems, access control systems and others (fire and life safety, visitor management and backup power). Among intrusion detection and prevention hardware products, video surveillance was the largest market and held around 72% share in 2012 and is expected to be the fastest growing segment throughout the forecast period. In access control segment, biometric access control held the largest market share of around 38% of total access control market in 2012. Physical security software market has been segmented into physical security information management (PSIM) and management, analysis and modeling software.
Key Topics Covered:
2 Executive Summary
3 Global Physical Security Market Analysis
4 Global Physical Security Market Size and Forecast by Components, 2013 - 2019 (Revenue)
5 Global Physical Security Market Size and Forecast by Hardware, 2013 - 2019 (Revenue)
6 Global Physical Security Market Size and Forecast by Software, 2013 - 2019 (Revenue)
7 Global Physical Security Market Size and Forecast by Services, 2013 - 2019 (Revenue)
8 Global Physical Security Market Size and Forecast by Application, 2013 - 2019 (Revenue)
9 Global Physical Security Market Size and Forecast by Geography, 2013 - 2019 (Revenue)
10 Company Profiles
For more information visit http://www.researchandmarkets.com/research/s43t9d/physical_security
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