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Physical Security Market by Type, Vertical & Region - Global Forecast to 2021 - Increasing Demand For Physical Security Measures to Protect Against Terror Attacks - Research and MarketsDUBLIN, Mar 22, 2017 /PRNewswire/ -- Research and Markets has announced the addition of the "Physical Security Market by Type, Vertical, and Region - Global Forecast to 2021" report to their offering. The physical security market is estimated to grow from USD 69.63 Billion in 2016 to USD 112.43 Billion by 2021, at the CAGR of 10.1% during the forecast period. The growth of the market can be attributed to the increasing demand for physical security measures to protect against incidences of terror attack. Controlling access of personnel to protect the assets of business, employees and customers is considered as a critical factor for the growth of physical security market. Increasing usage of internet of things (IoT) and smart technologies such as automobile tracking is influencing growth of physical security market. North America is expected to lead the physical security market, owing to rising need for security against increasing terrorist activities, illegal immigration, and criminal activities in the region. Furthermore, strict government regulations for safety & security and technological development in physical security solutions such as video surveillance are also fueling the growth of the market in North America. The physical security market in Asia-Pacific is projected to witness highest growth during the forecast period, due to the rising investments by big and small organizations for physical security measure. Furthermore, increasing demand for physical security solutions in growing economies like India, China, Australia, and Japan is also expected to boost the growth of physical security market in Asia-Pacific. Companies Mentioned
Key Topics Covered: For more information about this report visit http://www.researchandmarkets.com/research/5fnrhr/physical_security Media Contact: Research and Markets |