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Technological innovation has led to the transformation of the physical security market from analog to incorporated IP networked systems. The advancements include disseminated public address environment integrated with smart devices, ubiquitous sensors, video displays, video analytics and power access system. Growing concern over hardware, personnel, network and information infrastructure would positively drive market growth during the forecast period. Internet of things has broadened the sphere of the worldwide physical security market.
Physical security encompasses three fundamental elements, namely access control, surveillance, and testing. 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 Germany, UK, France, Russia, Spain, Italy and Rest of Europe. Germany remained the dominant Country in the Europe Physical Security market in 2016. France and Russia 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 Europe Management (ADT Corporation), Robert Bosch GmbH (Bosch Security Systems, Inc.), and Genetec Inc.