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Physical security encompasses three fundamental elements, namely access control, surveillance, and testing. The places that are with security and safety procedures are guarded against attacks, accidents, and ecological catastrophes. The procedures for this purpose include locks, fencing, biometric access control systems, access control cards, and flames suppression systems.
Various industry verticals would witness a significant shift in the security process across domains due to technologically advanced concepts such as cloud, intelligent and analytics-based security systems, etc. With the technological breakthroughs prevailing, the investing sentiment has been very positive, especially for hybrid solutions for real-time security monitoring. Widespread adoption of Cloud-based security systems would be a trend of the future and would witness rapid expansion in the years ahead due to the efficiency of the systems.
The cloud-based security system encompasses various services such as IoT (Internet of things), the third-party safety, electronic security and mobile internet security practices. Based on the types, the Physical Security market is segmented into Solution and Services. The Solutions market is further segmented into Video Surveillance, Access & Entrance Control, Perimeter Intrusion Detection & Prevention, and Others.
The Services market is segmented into Remote Monitoring and Systems Integration. The verticals covered under the report include Retail, Government, Risk Type, Healthcare, Manufacturing, BFSI, Telecom & IT, Transportation & Logistics, and Others. Based on Country, Physical Security market is segmented into China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia Pacific.
China remained the dominant Country in the Asia Pacific Physical Security market in 2016. India and South Korea would witness promising CAGR during the forecast period (2017-2023).
The report covers the analysis of key stake holders of the Physical Security market. Key companies profiled in the report include Anixter International Inc., Cisco System, Inc., Honeywell International, Inc., Schneider Electric SE (Pelco), Magal Security Systems, Ltd. (Senstar Corporation), Apollo Asia Pacific Management (ADT Corporation), Robert Bosch GmbH (Bosch Security Systems, Inc.), and Genetec Inc.