Physical Security Market Analysis, Growth, Trends and Forecast 2016

Technavio Announces the Publication of its Research Report Global Physical Security Market in Retail Sector 2016-2020

Technavio recognizes the following companies as the key players in the global physical security market in retail sector: Axis Communications, Bosch Security Systems, Checkpoint Systems, Crossmatch, Honeywell Security, and Tyco Security

Other Prominent Vendors in the market are: ADT Security Systems, A2 Systems, ALL-TAG Security Americas, Anixter, ASSA ABLOY, AxxonSoft, Delphi, FLIR Systems, Gallagher, Genetec, Hikvision Digital, Intergraph, Ketec, Lenel Systems, Nedap, NetVersant, NortekSecurity (acquired by Melrose Industries and Nevada Corp in July 2016), Panasonic, S2 Security Corporation, Salient Systems, Samsung Techwin (named changed to Hanwha Techwin), Siemens, and videoNEXT

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Commenting on the report, an analyst from Technavios team said that increasing integration of video with other physical security is one of the trends spurring growth for the market. Retail shop owners prefer integrated security solutions over stand-alone security solutions as stand-alone security solutions may lead to compatibility issues. Integrated security solutions provide better support and functionality to its customers. A growing trend in the retail industry, mainly in grocery stores, is the integration of video surveillance with other security systems, such as access control and fire detection. The integrated platform allows for the management of several facilities across different regions using one platform. It also provides real-time remote access that allows operators to troubleshoot and attend to situations from remote locations.

According to the report, decline in prices of security products is a key driver aiding to the growth of this market. The prices of security solutions, such as IP cameras, are quickly...