Rise in Adoption of Physical Security Systems in Business Organizations to Boost Physical Security Market

Physical security basically refers to the physical and electronic methods that are designed to monitor objects and people. Secondly, it is also utilized to control access and interference to property and information. Physical security services are those services, which add to smoothen the physical security measures. Physical security systems are strong and powerful devices, which are used to stop and investigate felonies by having them installed in public places such as shopping malls, multiplexes, banks, automated teller machines (ATMs), airports, casinos, and others. Increasing incidences of terrorism and rising concerns about safety and security are some important factors, which are driving the global demand for physical security systems. With the growing demand for physical security products owing to soaring criminal activities, security solutions have become advanced and complicated. This has led to the growth of the physical security service industry.

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Physical Security Market - Analyzing the Market

The physical security market is mainly analyzed on three fronts: Components, application, and region. Industry components are further classified into hardware, software, and services.

The physical security hardware market has been further classified into access control systems, intrusion detection and prevention systems, and others such as fire and visitor management, life safety, and backup power. Video surveillance was the biggest market among intrusion detection and prevention hardware products, which accounted for around 72% of total market share in 2012. It is likely to be the fastest growing category during 2013 to 2019. In access control, biometric access control accounted for the biggest market share of around 38% of total access control market in 2012.

Physical security software market has been...