© 2016 Global Market Insights, Inc. USA. All Rights Reserved Physical Security Market share research by applications and regions for : Global Market Insights Inc.
© 2016 Global Market Insights, Inc. USA. All Rights Reserved Asia Pacific is predicted to account for the highest market share in the physical security market owing to the growing deployment of security devices by the government in the countries, such as China and India, in public safety and transportation sectors. Furthermore, the growing IT industry and rapid industrialization in these countries will have a positive impact on the physical security market growth in this region. North America is predicted to grow at a significant CAGR over the forecast time frame owing to the growing demand for the use of access control systems in various verticals such as retail, government, and banking sectors. In addition, support and maintenance activities for the current systems are predicted to drive the physical security market growth in this region. Regional Analysis of Physical Security Market :
© 2016 Global Market Insights, Inc. USA. All Rights Reserved Based on application, the physical security market can be segmented into logistics, retail, transportation, utilities, government, public, chemical, telecom & IT, defense & military, and banking sectors. The transportation & logistics sector is predicted to be the fastest growing segment over the forecast timeline owing to the increasing safety threats and technological advancements such as cloud-based data storage & data analytics. The need for sophisticated devices for the implementation of cyber security is also increasing the adoption rate. Rising demand for IoT in the integration of two or more technologies the implementation of cloud-based data storage, and the use of big data analytics are contributing to the physical security market growth. Application Analysis of Physical Security Market :
© 2016 Global Market Insights, Inc. USA. All Rights Reserved The industry players participating in the physical security market include EMC Corporation, McAfee, Inc., Genetec, Inc. NICE Systems Ltd., Cisco Systems, Inc., Honeywell Security Group, Morpho S.A., Pelco, Inc., Axis Communications, Bosch Security Systems, IBM Corporation, Siemens AG, and Tyco International Ltd. The industry is concentrated in nature due to the presence of various global companies that have a large regional presence. IBM Corporation provides solutions for video surveillance such as logical security products and DVS partner products. It also provides video analytics tools such as smart vision suite and command control center solution. Cisco offers solutions, such as incident response, access control, and video surveillance, to protect businesses, employees, and customers from threats such as safety & privacy issues. Competitive Market Share of Physical Security Market:
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