- The key vendors in the Global Physical Security Market 2015-2019 are Axis Communications AB, Bosch Security Systems, Cisco Systems Inc., Honeywell Security Group, NICE Systems Ltd. and Tyco International Ltd.
London, 16 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Physical Security Market 2015-2019. One major trend upcoming in this market is the emergence of ubiquitous sensors that increase the availability of physical security systems. Ubiquitous sensors are smaller in size and can be used for mobile applications, transforming them into smart objects. The usage of ubiquitous sensors will have a positive impact on the security of business critical data and the maintenance of confidentiality. The overall market is expected to grow at a CAGR of 15.49 percent during the forecast period of 2014-2019.
Enterprises and government organizations are increasingly opting for surveillance systems for maintaining security and monitoring intrusion and theft. Hence, there is a growth in the number of installations of surveillance cameras globally.
“Many vendors in the Global Physical Security market are developing customized solutions to cater to the specific needs of customers,” says Faisal Ghaus, Vice President of TechNavio Research.
“Vendors are also providing open architecture systems that are designed to adapt to the current network environment.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
