Report: Global Physical Security Market to Reach $85B in 2018

Analysts expect the global security market to grow from $55.59 billion in 2013 to $85.51 billion in 2018, a 9% increase, according to a new report from Research and Markets.

Security concerns from personnel, information, hardware and network infrastructure have increased the demand for innovative physical security products, according to the report, “Physical Security Market By Products & Services Worldwide Market Forecasts and Analysis (2013 – 2018).”

The research firm forecasts that IP video, sophisticated access control system and monitoring solutions, such as physical security information management (PSIM) will drive the market. Additionally, the report notes that demand is very strong in emerging markets like Asia Pacific (APAC) compared with the developed markets.

The report divides the product sector into several groups, including video surveillance, access control, biometrics, RFID, intrusion detection, analysis, integration and modeling, situational awareness platforms and security systems. The study also classifies services such as video surveillance as a service (VSaaS), technical support, remote management services, security consulting, public safety and answering point (PSAP), and public alert and warning system.

The main vertical markets in the physical security space include public sector and utilities, transportation and logistics, financial services, IT, consumer goods and retail, defense and security, energy and power, healthcare and education.

For more information, click here.

If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!

Security Is Our Business, Too

For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.

A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!

Subscribe Today!

Get Our Newsletters