“The global Physical Security market size was valued at $90.14 Billion in 2020 and is expected to reach $139.50 Billion by 2028 growing at the CAGR of 5.40% from 2021 to 2028.”, based on the report published by Evolve Business Intelligence in April 2021.
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The recent COVID scenario impacted the Physical Security market negatively. Due to the increasing spread of Coronavirus, several companies are working with a limited workforce leading to delays in work/production. This has impacted the market in the years 2020 and 2021.
The Physical Security market is segmented based on several segments including systems type, vertical, and services type. The study includes a comprehensive value chain analysis, defines porter’s five forces, as well as provides details on the key factors affecting the market growth (drivers, constraints/challenges, and opportunities).
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The report includes 10 key players in the Physical Security market ecosystem that have been strategically profiled, along with the market ranking/share for major players. The key players profiled in the report are:
- Bosch Building Technologies
- Johnson Controls
Furthermore, for the above-mentioned companies, the Physical Security market report demonstrates their business overview, financials revenues, and research and development. Additionally, the report also provides the competitive landscape for the market players, and the strategies adopted by them to grow in the Physical Security market (partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion).
- Base Year: 2020
- Estimated: 2021
- Forecast: 2022 to 2028 (This period can be changed in the customization)
- Compound Annual Growth Rate (CAGR) Period: 2021 to 2028
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