Physical Security Market Research Report - Industry Analysis, Share, Growth and Forecast to 2020

Growing concerns for safety & security and terrorist activities are the important factors driving the demand for physical security systems, worldwide. Rise in criminal activities have made security solutions more sophisticated as well as complicated which is expected to emerge the services sectors in physical security market. Security needs for personnel, hardware, information and network infrastructure has raised the need for innovative physical security products which is anticipated to grow the market. Adoption of sophisticated access control systems, internet protocol (IP) video network are going to the drive the growth of the physical security market. And monitoring technologies such as physical security information management (PSIM) is anticipated to impact the market growth positively in coming years. Governing bodies of various countries are also expected to become proactive in defining security protocols for industrial environments and workplaces.
Lack of awareness is anticipated to hamper the market growth in coming years. However, strict regulations and security compliances issued by governments & international bodies offer the opportunity for the growth of this market over the forecast period.
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Component Insights

Physical security is carried out through software, hardware and services. Physical Security Information Management (PSIM) software couples surveillance through camera and video management for security including with incident management system. Software development and processor power have increased the PSIM acceptance. Access Control includes biometric systems such as fingerprint recognition, face recognition, iris recognition; locks include mechanical locks & electronic locks; video surveillance includes CCTV and IP video surveillance system (IP video surveillance management software and video analytics software); physical security...