Global Physical Security Market 2018-2022| Integration of IoT in Physical Security to Boost Growth| Technavio
LONDON--(BUSINESS WIRE)--Oct 1, 2018--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 press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181001005224/en/
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% until 2022. (Graphic: Business Wire)
This research report titled ’ ’ 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.
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.
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio’s report provides expert market research on the following topics:
Executive ReportMarket Outline Global Physical Security Market Overview
Market InsightsMarket Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends
Market Segmentation AnalysisRegional 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 LandscapeVendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (ADT, Hangzhou Hikvision Digital Technology, SECOM, and Johnson Controls (Tyco))
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at .
View source version on businesswire.com:https://www.businesswire.com/news/home/20181001005224/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: TECHNOLOGY INTERNET SECURITY
SOURCE: Technavio Research
Copyright Business Wire 2018.
PUB: 10/01/2018 07:33 AM/DISC: 10/01/2018 07:33 AM