Physical Security Market Worth $171.0 Billion By 2027 | CAGR: 6.5%

The global physical security market size is expected to reach USD 171.0 billion by 2027 and is anticipated to register a CAGR of 6.5% over the forecast period, according to a new report by Grand View Research, Inc. Lack of physical security leads to higher rates of burglaries and thefts. Therefore, safeguarding the physical perimeter and individual assets, including expensive technological equipment, has gained importance and is driving the market growth. Increasing awareness about securing the perimeter in developing economies has led to a rise in deployment of IP-based cameras in residential societies as well as commercial complexes and offices. Furthermore, increasing terror threats, border disputes, and refugee crises drive the adoption of stringent safety measures, thereby driving the physical security market growth.

Governments across different countries and regions are taking up smart city initiatives to enhance their infrastructure and are hence deploying improved security systems. Additionally, modernizing the existing infrastructure with robust security measures and strengthening the security of government agencies have been some of the top priorities for governments across developed countries. Organizations are increasingly concerned about employee safety and are hence setting up systems to prevent unauthorized access, further driving the demand for physical security solutions.

China accounted for the largest share of the Asia Pacific market in 2019. The market in China has been strongly supported by the growth in new construction projects and smart city initiatives. Furthermore, the presence of technology giants such as Hangzhou Hikvision Digital Technology Co., Ltd and Dahua Technology Co., Ltd is another factor contributing to the market growth. Companies in the market are focusing on strategic partnerships and acquisitions to enhance their product and service offerings. In August 2019, Dahua Technology Co., Ltd entered into a strategic alliance with Pepper to offer enhanced security to its video as well as non-video IoT services to protect against unauthorized access of data. The partnership would allow the incorporation of Pepper’s intelligent solutions into Dahua Technology Co., Ltd’s hardware.

Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/physical-security-market

Further key findings from the study suggest:

Video surveillance dominated the physical security market with a value of USD 33.1 billion in 2019 as these systems enable real-time continuous monitoring and help lower chances of theft
System integration is anticipated to dominate the market through the forecast period owing to factors such as stringent regulations and demand for cost-effective systems
The residential segment is anticipated to register the highest CAGR of more than 7.0% over the forecast period owing to measures taken by consumers to protect their assets from potential threats
Key companies in the market include Hangzhou Hikvision Digital Technology Co., Ltd.; Honeywell International, Inc.; Johnson Controls; Robert Bosch GmbH; and ADT. These players focus on adopting strategies such as mergers and acquisitions to enhance their market presence

Grand View Research has segmented the global physical security market on the basis of component, systems, services, end use, and region:

Physical Security Component Outlook (Revenue, USD Billion, 2016 – 2027)

Systems
Services

Physical Security Systems Outlook (Revenue, USD Billion, 2016 – 2027)

Video Surveillance
Intrusion Detection
Access Control
Exterior Security Systems

Physical Security Services Outlook (Revenue, USD Billion, 2016 – 2027)

System Integration
Remote Monitoring
Others

Physical Security End-use Outlook (Revenue, USD Billion, 2016 – 2027)

Transportation
Government
Banking & Finance
Utility & Energy
Residential
Manufacturing & Industrial
Retail
Commercial
Hospitality
Others

Physical Security Regional Outlook (Revenue, USD Billion, 2016 – 2027)

North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
Asia Pacific
- China
- India
- Japan
Latin America
- Brazil
- Mexico
Middle East & Africa

Table of Content

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Methodology
1.3.1 Information Procurement
1.3.2 Purchased Database
1.3.3 GVR’s internal database
1.3.4 Secondary sources & third-party perspectives
1.3.5 Primary Research
1.4 Information Analysis
1.5 Market Formulation & Data Visualization
1.6 Data Validation & Publishing
1.7 List of Abbreviations
Chapter 2 Executive Summary
2.1 Market Snapshot
Chapter 3 Physical Security Market Variables, Trends & Scope
3.1 Penetration and Growth Prospect Mapping
3.2 Physical Security – Value Chain Analysis
3.3 Market Dynamics
3.3.1 Market driver analysis
3.3.2 Market restraint analysis
3.4 Industry Analysis Tool
3.4.1 Porter’s Five Forces analysis
3.4.2 Physical security market – PEST analysis
3.5 Physical Security Market: Competitive Analysis
3.5.1 Major Deals and Strategic Alliances, 2016-2019
3.5.2 Key Company Analysis, 2019

Continue………..

Data Center Security Market to witness major growth in coming years

Summary:

The Report Data Center Security Market Analysis By Application (Financial Services, IT & Telecom, Government, Education, Healthcare, Media & Entertainment), By Service (Consulting, Integration & Deployment, Managed Service), and By Solution (Logical Security, Physical Security) And Segment Forecasts To 2024

The data center security market is expected to reach USD 15.49 billion by 2024, according to a new report by Grand View Research, Inc. Data center security encompasses all the measures taken to encapsulate the data center environment and protect it from intrusion. It needs to be safeguarded against attacks and manipulation at both physical and logical level, subsequently creating a need for a cumulative deployment of security infrastructure. The increasing awareness about the need for security, growing demand from the data center users for an integrated infrastructure, increasing adoption of cloud computing and virtualization, and threat to the stored information due to the rising number of cyber-attacks are expected to propel industry over the forecast period.

With a large number of businesses moving to cloud computing platforms and virtualization of data storage techniques, the traditional boundaries and perimeters of the networks are being eliminated. The end users need to be upgraded and equipped with new and efficient technology to tackle rising numerous threats and vulnerabilities. These existing conditions are expected to help the industry grow in the coming years.

The demand is also fueled by a large number of small and medium enterprises that are moving their resources to public clouds and the growing amount of data generated online. The necessity to protect and safeguard information, which includes critical information such as transaction records, personal information, and intellectual property, will help to upsurge the demand over the forecast period.

The increasing number of attacks not only jeopardizes the reputation of companies but also endangers large amount of private and corporate information. The recent rise in the attacks in large corporations to gain access to these repositories of data has brought the security issues in the data centers to the forefront, hence creating awareness amongst the industries as well as the masses.

The ever-changing nature of technology and the growing sophistication of attacks have led to innovations and resource pooling by vendors in the data center security market, which may pave the way for customizable and configurable solutions. As there is a growing need for data center security solutions, the market is expected to foresee adoption in numerous diverse verticals.

Access Research Report of Mobile Robotics Market
https://www.grandviewresearch.com/industry-analysis/data-center-security-market

Further key findings from the report suggest:

The gradual shift toward cloud computing as well as cloud storage and networking is bringing out numerous potential vulnerabilities and risks of exposure of important and crucial information. This has awakened the industry to strive for better and advanced security measures at various levels in the data center networks.
The growing number of security breaches and the increasing number of attacks on data centers across the world are creating awareness regarding the need of improved security measures, both physical, and logical. Moreover, due to the recent exasperating breaches of the information repositories of large corporations, the necessity of a comprehensive security policy and its execution is in a greater demand. With a growing demand from data center users to safeguard their information and the major initiatives taken by the governments as well as industries to regulate data security and privacy, the industry is expected to grow at a rapid rate over the coming years.
Symantec Corporation, Juniper Networks Inc., IBM Corp., Cisco Systems Inc., and Fortinet, Inc. are some of the prominent vendors in the market. The other key vendors include CheckPoint Software Technologies Limited, Dell Inc., Trend Micro Inc., Honeywell International, Citrix Systems, Inc., EMC Corp, McAfee Inc. (Intel Corp.), and Hewlett-Packard Enterprise,among others.

Grand View Research has segmented the data center security market has been segmented on the basis of application, service, solution, and region:

Data Center Security Market Application Outlook (Revenue, USD Million, 2015 – 2024)

Financial Services
IT and telecom
Government
Education
Healthcare
Media & entertainment
Others

Data Center Security Market Component Outlook (Revenue, USD Million, 2015 – 2024)

Solution
- Logical security
  - Threat and application security
  - Compliance management
  - Data protection
  - Access control
  - Others
- Physical security
  - Surveillance solution
  - Monitoring solution
  - Access control
  - Others
Service
- Consulting
- Integration and deployment
- Managed services

Data Center Security Market Regional Outlook (Revenue, USD Million, 2015 – 2024)

North America
Europe
Asia Pacific
South America
Middle East & Africa

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Growing Demand In Military & Defense Applications Expected To Drive Global Mobile Robotics Market: Grand View Research, Inc.

According to a new study by Grand View Research, Inc., global mobile robotics market growth can be attributed to increased adoption in military & defense applications. Commercialization of automated cars due to technological advancement in mobile robotics is expected to drive the market over the next six years. Favorable regulatory scenario, including funds and grants for promoting the robotics industry is also expected to positively impact the global market.

Availability of open source platforms coupled with reduction in sensor and camera prices is expected to propel demand for domestic mobile robots such as vacuum cleaners and lawn mowers. Scarcity of experts equipped with the skill sets required for R&D may pose a challenge to mobile robotics market growth. Relatively low market penetration coupled with growing demand from end-use industries is expected to be a growth opportunity for key industry participants.

Access Research Report of Mobile Robotics Market
https://www.grandviewresearch.com/industry-analysis/mobile-robotics-market

Further key findings from the study suggest:

Unmanned Ground Vehicles (UGVs) are expected to be the most dominant segment over the next six years due to a plethora of mobile robotics opportunities in military and defense. UAVs have considerable growth potential owing to their capability to cater to diverse applications such as surveying, wildlife research, mapping, security, and defense.
The mobile robotics market for service applications is expected to witness high growth over the forecast period. Professional robots dominated the overall service robotics market, with a large number of applications in defense and agricultural applications. Increasing use in personal assistance and for medical purposes, such as in drug delivery, is expected to be favorable for the personal robotics market. In the industrial segment, warehousing & distribution is expected to remain the key market; other applications mainly include painting, coating, and inspection.
Asia Pacific was the dominant regional market in 2013; it is further expected to continue being the market leader over the next six years. Increased adoption of mobile robots in industrial, agricultural, and medical applications has driven regional mobile robotics market growth. Growing domestic robots demand is expected to be the key driving force for the North America market.
Leading mobile robotics market players have strived to develop robots capable of delivering and sustaining in challenging environments. There has been an increased emphasis on developing mobile-based applications to control unmanned vehicles. The industry is characterized by notable mergers and acquisitions; for instance, Adept Technology’s acquisition of MobileRobotics Inc.

Grand View Research has segmented the global mobile robotics market on the basis of product, application and region:

Mobile Robotics Product Outlook (Revenue, 2012 – 2020)

Unmanned Ground Vehicles (UGVs)
Unmanned Aerial Vehicles (UAVs)
Unmanned Surface Vehicles (USVs)
Autonomous Underwater Vehicles (AUVs)

Mobile Robotics Application Outlook (Revenue, 2012 – 2020)

Industrial
Service

Mobile Robotics Regional Outlook (Revenue, 2012 – 2020)

North America
Europe
Asia Pacific
RoW

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About Grand View Research

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Automated Fingerprint Identification System (AFIS) Market Can Rise Rapidly between 2018 and 2025

The global automated fingerprint identification system (AFIS) market size is projected to reach USD 12.46 billion by 2025, according to a new study conducted by Grand View Research, Inc. It is anticipated to expand at a CAGR of 18.4% over the forecast period. Increasing demand for advanced security systems across various business domains is expected to boost the growth. In addition, rising adoption of mobile payment solutions and demand for integrated AFIS solutions are expected to fuel the expansion.

AFIS is increasingly used to cater to the safety and security needs of individuals and organizations, on account of growing number of threats across the globe. A biometric identification system is difficult to circumvent. Systems based on this technology provide a secure identification and verification mechanism to mitigate the level of transaction frauds and security breaches. This factor is expected to drive the demand for automated fingerprint identification systems over the forecast period.

Smart homes are equipped with advanced security systems such as fingerprint access control. Additionally, existing building retrofits are installing biometric security systems to counter thefts and malicious entries. This is further expected to boost the market growth. Furthermore, increasing terrorist activities and theft cases have compelled governments to deploy AFIS solutions in various government agencies, which, in turn, is expected to drive the market in near future.

Access Research Report of Automated Fingerprint Identification System Market
https://www.grandviewresearch.com/industry-analysis/automated-fingerprint-identification-system-market

Further key findings from the study suggest:

Software segment is anticipated to account for a significant market share over the forecast period owing to the advantages offered by biometric identity and security software
Government segment is expected to account for a significant market share over the forecast period owing to the increasing use of AFIS technology in e-governance applications and law and enforcement agencies
North America is expected to continue to lead the market over the forecast period and reach USD 4.05 billion by 2025. Growing adoption of AFIS by law enforcement agencies for criminal identification is anticipated to propel regional market
Key companies operating in the Automated Fingerprint Identification System (AFIS) market include Gemalto NV; NEC Corporation; Crossmatch; IDEMIA; Dermalog Identification Systems GmbH; SUPREMA; Fujitsu Limited; Sonda Technologies; HID Global Corporation; Papillon Systems; East Shore Technologies, Inc.; and AFIX Technologies.

Grand View Research has segmented the global Automated Fingerprint Identification System (AFIS) market on the basis of component, end use, and region:

Automated Fingerprint Identification System (AFIS) Component Outlook (Revenue, USD Million; 2014 – 2025)

Hardware
Software
Service

Automated Fingerprint Identification System (AFIS) End-use Outlook (Revenue, USD Million; 2014 – 2025)

Banking & Finance
Consumer Electronics
Defense & Security
Government
Healthcare
Transport/Logistics
Others

Automated Fingerprint Identification System (AFIS) Regional Outlook (Revenue, USD Million; 2014 – 2025)

North America
- U.S.
- Canada
Europe
- U.K.
- Germany
Asia Pacific
- China
- India
- Japan
Latin America
- Brazil
MEA

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