Physical Security Global Market Report 2022: With the Advent of IoT, the Risk of Cyberattacks Rises, Bolstering Demand
Global Physical Security Market
Dublin, Feb. 21, 2023 (GLOBE NEWSWIRE) -- The "Physical Security Market, By Components and Services, By Application, By Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
The Global Physical Security Market is estimated to account for US$ 817.1 Mn in terms of value by the end of 2030.
The adoption of advanced technologies such as the internet of things (IoT) is also expected to drive market growth over the forecast period. Companies now have a large amount of data and this requires a more complex system.
Cyber-attacks are increasing due to connectivity through the usage of big data, cloud, social media, and other mobile services. Increasing the adoption of social media, cloud, and many other applications have increased the insider threat to networks and create significant losses to IT industries.
Companies such as Akamai Technologies has launched a Cloud Edge platform that is designed to secure delivery of data to connected devices and in-application messaging.
According to IoT Analytics Research, approximately 22,000 million connected devices will deliver data across the Internet by 2020. Billions of application instances will send trillions of messages and it becomes challenging for businesses to protect sensitive data. This increases the demand for physical security.
Increased investment in infrastructure is expected to drive global physical security market growth over the forecast period. The investment in global infrastructure has been on the rise in the recent past.
Currently, there is a need to expand and replace existing infrastructure including global energy infrastructure and public sectors such as airports, roads, railways, and communication networks.
Furthermore, major sports events held during the forecast period are expected to drive the demand for physical security products. Therefore, such factors are expected to propel the global physical security market growth in the near future..
Key features of the study:
This report provides an in-depth analysis of the global physical security market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global physical security market based on the following parameters - regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The global physical security market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global physical security market.
Global Physical Security Market, By Components:
Intrusion detection and prevention
Physical Security Information Management (PSIM)
Management Analysis and Modeling Software
Video Surveillance as a Service (VSaaS)
Remote Management Services
Public Safety Answering Point (PSAP)
Public Alert and Warning System
Global Physical Security Market, By Application:
Transportation and Logistics
Government and Public Sector
Utilities/ Energy Markets
Hospitality and casinos
Global Physical Security Market, By Region:
Middle East and Africa
Axis Communications AB
Bosch Security Systems Inc.
Tyco International Ltd.
HikVision Digital Technology Co., Ltd.
Honeywell Security Group
Cisco Systems Inc.
No. of Pages
2021 - 2030
Estimated Market Value (USD) in 2021
Forecasted Market Value (USD) by 2030
Compound Annual Growth Rate
For more information about this report visit https://www.researchandmarkets.com/r/r9zyg1-security?w=12
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