Physical Security Finds Colossal Demand in Nations Testifying Increase in Incidence of Crimes and Terror Activities

The global physical security market is predicted to see growth on the back of rising focus on finding solutions for overcoming security problems across the world. In order to keep a check on criminal activities and terrorism and avoid their occurrence, governments have been allocating increasing budgets for physical security. Adoption of physical security in businesses, industries, and other end-use sectors could gain impetus with rising government regulation in several countries that require improved security levels. Emerging regions such as Asia Pacific directing strong investments to infrastructure development could be a powerful factor augmenting the demand for physical security.

According to Transparency Market Research (TMR), the global physical security market could reach to a US$125.03 bn valuation by the end of 2019.

As per chipmaker ARM, looking at aggressive adoption of internet-connected devices that make up IoT, security is no longer optional. In this regard, the company has come up with a microprocessor that could improve physical security capabilities of such devices. Developers could be enabled to obtain a higher level of security certification and restrict physical tampering with the use of the processor named Cortex-M35P as it makes physical security accessible.

Emerging Trend of Convergence of Physical and Logical Security Augurs Well

In the recent past, the world physical security market witnessed the dominance of North America in terms of revenue growth. With high security concerns and improved security measures taken across most end-use verticals, the region could continue taking a commanding share of the market in the foreseeable future. In addition, the region is said to have largely magnified regulatory measures for adopting physical security.

  • Demand for physical security solutions is prognosticated to swell while riding on increasing requirement of biometric solutions, sophisticated access control systems, and internet protocol (IP) videos for various activities.
  • It could escalate with rising prevalence of crimes and terror activities in most parts of the world. With a view to serve security needs of people and their properties, nations have been underlining the requirement of physical security for both prevention and protection.
  • Furthermore, the world physical security market is prophesied to gain traction with growing demand for integrated solutions and rising trend of the convergence of physical and local securities.

Biometric Access Control and Video Surveillance Outshine Hardware Components

Access control systems and intrusion detection and prevention systems are two of the most important hardware components in physical security, besides backup power, visitor management, and fire and life safety.

  • Biometric categorized under access control systems is projected to collect massive market growth in the near term.
  • On the other hand, video surveillance could make up a market segment with both faster growth and larger share among intrusion detection and prevention systems.

If software components of physical security are concerned, physical security information management (PSIM) could reach the top of the list with respect to market share. However, management, analysis and modeling software is expected to rake in some demand in the international physical security market. Nevertheless, PSIM could achieve quick growth with rising awareness among end users, improved sophistication on the part of technology, and reducing costs.


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