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Rise in Adoption of Physical Security Systems in Business Organizations to Boost Physical Security Market

  • Date Submitted: 11/04/2015 02:41 AM
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Transparency Market Research’s (TMR) new report, titled “Physical Security Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019”, offers key insights into the said market. According to this report, the global physical security market will expand at a healthy CAGR of 14.9% during the forecast period from 2013 to 2019. In 2012, the global physical security market was valued at more than US$48 bn and by 2019, the market’s value is projected to be more than US$125 bn.

Browse the full Physical Security Market report at:
http://www.transparencymarketresearch.com/physical-security-market.html

Component-wise, the global physical security market is divided into hardware and software. The key hardware segments of the global physical security market are intrusion detection and prevention, access control, and others. Among components, the video surveillance segment led the global physical security market in 2012 with a market share of 72%. In addition to this, the video surveillance segment is projected to expand at the highest CAGR during the forecast period. In the access control market, the biometric access control segment held the largest market share of nearly 38% in 2012.

Software-wise, the global physical security market is classified into management analysis and modeling software and physical security information management (PSIM).

Service-wise, the global physical security market is segmented into public alert and warning system, security consulting, public safety answering point (PSAP), technical support, remote management services, video surveillance as a service (VSaaS), and others. The VSaaS market is projected to expand at a marked CAGR of 18.1% till 2020.

Application-wise, the global physical security market is divided into transportation and logistics, hospitality and casinos, business organizations, retail, industrial, chemical facilities, utilities/energy, control centers, government and public sector, and...

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