North America Physical Security Market Size, Trends, Opportunities by 2026

1. North America Physical Security Market Size, Trends, Opportunities by 2026 The global North America Physical Security Market size is projected to grow from USD 37.4 billion in 2021 to USD 48.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period. Major driving factors for the North America physical security market include rise in security breaches, fraud, and data identity thefts, surge in use of BYOD/ IoT devices, high demand for cloud-based physical security solutions and services, high volume of online transactions, increasing use of IP-based video surveillance camera systems, and stringent government regulations. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=153090597 By component, the services segment to register the highest growth rate during the forecast period Based on component, the North America physical security market is segmented into systems and services. The services segment is estimated to have a larger market size and higher market share during the forecast period. The services segment includes various services that are required to deploy, execute, and maintain the physical security solutions in an organization. During COVID-19, the growing concern of data breaches and privacy compliance regulations is making companies focus on adopting physical security solutions to achieve compliance, improved data security, and better flexibility in operations in North America. Major physical security vendors are widely supporting organizations with quick support services in such unprecedented times. Financial services, healthcare, and the retail industry verticals have witnessed huge data losses due to security breaches. As a result, they are highly dependent on physical security services for strengthening their cybersecurity capabilities. Based on end-user, the retail segment is estimated to grow at the highest CAGR during the forecast period The COVID-19 outbreak has impacted every possible vertical across the globe, especially high-profile and high- value data verticals such as BFSI, healthcare, retail, and government. With the increasing cyber threat landscape and risk surface, the demand for physical security solutions is also rising in North America. The retail vertical is an early adopter of cutting-edge physical security solutions as they possess highly sensitive personal user data. Retail store outlets are ever-increasingly heading toward the adoption of physical security solutions and services in North America. The retail vertical is largely prone to cyberattacks due to the use of different payment methods, such as MasterCard or Visa. These payment methods capture users’ personal and confidential details, which may consist of phone numbers, email addresses, credit card information, and complete addresses, along with their online behaviors. Regulatory compliances such as PCI-DSS compel retail trade owners to adopt strong physical security measures. Non-compliance with these regulations could lead companies to pay heavy penalties of approximately USD 100,000 every month or USD 500,000 per security incident. Physical security solutions and services also help the retail industry vertical deliver robust security, secure identities, and manage regulatory compliances. United States to hold the largest market share during the forecast period. The US has several prominent market players delivering physical security solutions to all end-users in North America. The US has a strong economy and are expected to be major contributors to the physical security solution market growth. The geographical presence, significant Research and Development (R & D) activities, partnerships, and acquisitions and mergers are the major factors for deploying North America physical security and services. Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=153090597 Market Players Key and innovative vendors in the North America physical security market include ADT (US), Cisco (US), Honeywell (US), Johnson Controls (Ireland), TELUS (Canada), Anixter [WESCO] (US), Genetec (Canada), Bosch Building Technologies (Germany), STANLEY Security (US), GardaWorld (Canada), Convergint Technologies (US), Bell Canada (Canada), Paladin Security (Canada), DSC (US), DMP (US), Telsco (Canada), Axis Communication (Sweden), Hanwha Techwin America (US), FLIR Systems (US), Qolsys (US), Chubb Fire & Security (UK), Alarm.com (US), Avigilon (Canada), Tyco (Ireland), ICT (New Zealand), AMAG Technology (US), PTI Security

2. Systems (US), Kantech (US), Feenics (Canada), Brivo (Canada), Exacq Technologies (US), SightLogix (US), Kairos (US), Immix (US), IOTAS (US), Verkada (US), Openpath (US), SmartCone Technologies (Canada), Cloudastructure (US), and Qognify (US). About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting- edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit MarketsandMarkets™ or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com/