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Physical security consists of security of hardware, software, data, workforce, and networks against physiological incidents, which could almost certainly result in significant damage to an organization. The adoption of physical security leads to creating a defense system against natural disasters, fire, theft, vandalism, and also terrorism. The security system incorporates multi-layer interdependent systems such as security guards, CCTV surveillance, locks, protective barriers, access control protocols, and various other effective techniques. The need for physical security solutions has witnessed significant growth due to cross border and in-door terror plots from rouge nations. Security concerns are top most concerns in the present ecosystem, like never before. Governments are around the world are spending heavily on procuring solutions to protect the country and its inhabitants from terror threats. Newer technologies, such as drones, smart fence sensors, and mass notification systems (MNS) have come to regular use to surveillance activities at major events or assemblies in tier 1 cities.
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 US, Canada, Mexico and Rest of North America. US remained the dominant Country in the North America Physical Security market in 2016. Canada 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 North America Management (ADT Corporation), Robert Bosch GmbH (Bosch Security Systems, Inc.), and Genetec Inc.