LONDON--(BUSINESS WIRE)--According to the latest market research report released by Technavio, the global physical security market is expected to accelerate at a CAGR of over 17% during the forecast period. Increasing demand for wireless network infrastructure is one of the key factors triggering the growth of the market.
This research report titled ‘Global Physical Security Market 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global physical security market into the following type:
- Hardware and software
- Service
In 2017, the hardware and software segment accounted for 96% of the global market and is projected to decline to 95% by 2022, exhibiting almost 1% decrease in market share.
Global physical security market: Top emerging trend
Integration of IoT in physical security is an emerging trend in this market space. IoT is used for wireless video surveillance for capturing videos and transmitting them to the devices over the wireless network. This helps in getting immediate responses for real-time decision-making. The growing demand for improving the efficiency of places such as waste management plants, energy plants, and water management plants will contribute to the increasing installation of IoT-based physical security devices. Hence, IoT is expected to impact the way in which enterprises are implementing their video surveillance products. IoT will make video surveillance and commercial systems more interactive, which will help in better communication with all physical security devices.
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Technavio’s report provides expert market research on the following topics:
Executive Report
- Market Outline
- Global Physical Security Market Overview
Market Insights
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by product (hardware and software and service)
- Market segmentation by end user (commercial and residential)
Vendor Landscape
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (ADT, Hangzhou Hikvision Digital Technology, SECOM, and Johnson Controls (Tyco))
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