Physical security involves the protection of hardware, software, data, personnel, and networks against physical events and actions, which could potentially cause damage or loss to an organization. It provides safety from natural disasters, fire, theft, vandalism, and terrorism. It includes multiple layers containing interdependent systems, including security guards, CCTV surveillance, locks, protective barriers, access control protocols, and other similar techniques.
The global physical security market is driven by factors such as increase in the number of terror attacks, rise in awareness, and technological advancements. However, privacy concerns and lack of physical & logical security integration hamper the physical security market growth.
The global physical security market is segmented based on type, vertical, and region. Based on type, it is divided into system and service. Based on vertical, it is classified into banking, financial services, and insurance (BFSI); commercial; government; residential; transportation; and others (education, healthcare, retail, energy & utilities, manufacturing, & industrial). The market in segmented based on region into North America, Europe, Asia-Pacific, and LAMEA.
The players operating in the global physical security market include Anixter International Inc., Tyco International PLC., Cisco Systems, Inc., Genetec Inc., ADT Corporation, Honeywell International, Inc., Bosch Security Systems, Inc., Stanley Security, and Senstar Corporation.
KEY MARKET SEGMENTS
The global physical security market is segmented on the basis of type, industry vertical, and geography.
BY INDUSTRY VERTICAL
KEY MARKET PLAYERS
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