Physical Security Market, By Component (Hardware, Software, Services), By Enterprise Size (Small and Medium Enterprises (SMEs)and Large Enterprises), By End User (Transportation, Government, Banking & Finance, Utility & Energy, Residential, Industrial, Retail, Commercial, Hospitality, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Jul 2024

Code : CMI4180

Pages :135

Formats :

Excel and PDF

Industry : Information and Communication Technology

Market Concentration and Competitive Landscape

Physical Security Market Concentration By Players

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New Applications and Technologies Push Boundaries

Due to rising security needs, the physical security landscape is witnessing major shifts due to technological innovations. Emerging domains like smart cities, IoT, AI and analytics are opening up whole new vistas for security applications that were hitherto unexplored. Advanced video analytics, biometric authentication, drone & robotics, unmanned vehicle perimeter control, and others are empowering security deployments. Even conventional security systems are undergoing changes with integration of IT/OT convergence, interoperable solutions, cloud-based centralized management and predictive insights. These new solutions are finding applications beyond the traditional sectors of government, infrastructure and enterprises into diverse domains like transportation, logistics, manufacturing, healthcare, educational institutes and other. The capabilities these bring to deliver contactless and remote security operations while optimizing resources are proving highly valuable especially amid the current pandemic situation. With innovation poised to drive the physical security market, there has been increase in investments to develop next generation security technologies.

Key Players Insights