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Physical security encompasses three fundamental elements, namely access control, surveillance, and testing. Internet of things has broadened the sphere of the worldwide physical security market. 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. 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.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria and Rest of Latin America, Middle East & Africa (LAMEA). Brazil remained the dominant Country in the Latin America, Middle East and Africa Physical Security market in 2016. UAE and Saudi Arabia 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 Latin America, Middle East and Africa Management (ADT Corporation), Robert Bosch GmbH (Bosch Security Systems, Inc.), and Genetec Inc.