Companies have Launched their Software for the Global Physical Security Market which is Expected to Boost the Market

The global physical security market is anticipated to grow at a considerable CAGR of 6.2% during the forecast period (2022-2028). The global physical security market is expected to grow during the forecast period due to the growing incidence of terror attacks, technological advancements, and an increase in the demand for such services in smart cities. However, privacy concerns and lack of physical & logical security integration are expected to hinder the market growth during the forecast period. Moreover, many companies are launching their software for the physical security market which indirectly grows the market.

Browse the full report description of “Global Physical Security Market Size, Share & Trends Analysis Report by System (Video Surveillance, Access & Entrance Control, Perimeter Intrusion Detection & Prevention, Consumer Video Surveillance, and Wireless Infrastructure), by Services (Remote Monitoring Services, and Security Systems Integration) and by Applications (BFSI, Commercial, Government, Residential, Transportation, and Others) Forecast Period (2022-2028).” at https://www.omrglobal.com/industry-reports/physical-security-market

Some of the software launched by the company is

• In February 2022, Hikvision, launched a comprehensive cybersecurity support initiative called Network Cyber-Protect to support industry professionals and Hikvision dealers safeguard their physical security network infrastructure from spiteful and costly cyber-attacks.

• In August 2021, Hikvision launched a computer vision platform to centralize physical security operations. HikCentral Professional, software that eases the remote monitoring of various, integrated physical security systems, including its facial recognition technology, from a centralized platform.

• In August 2020, Bosch Building Technologies launched Intelligent Insights to visualize and interpret video data capture. Intelligent Insights is a new software tool that presents every element together from scene to screen, from intelligent cameras enabling video data capture and interpretation, to the visualization and reporting of data.

Market Coverage

• The market number available for – 2021-2028

• Base year- 2021

• Forecast period- 2022-2028

• Segment Covered- 

o By System

o By Services

o By Application

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- including ADT, Allied Universal, Anixter, Inc., Arthur J. Gallagher & Co., Axis Communications AB., Bosch Sicherheitssysteme GmbH, and others.

Key questions addressed by the report

• What is the market growth rate?

• Which segment and region dominate the market in the base year?

• Which segment and region will project the fastest growth in the market?

• How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

• Who is the leader in the market?

• How players are addressing challenges to sustain growth?

• Where is the investment opportunity?

Global Physical Security Market Report Segment

By System

• Video Surveillance
• Access & Entrance Control
• Perimeter Intrusion Detection & Prevention
• Consumer Video Surveillance
• Wireless Infrastructure

By Services

• Remote Monitoring Services
• Security Systems Integration

By Application

• BFSI
• Commercial
• Government
• Residential
• Transportation
• Others (Education, Healthcare, Retail, and Energy & Utilities)

Global Physical Security Market Report Segment by Region

North America

• United States

• Canada

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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