The growth of the Physical Security Market can be attributed to the increasing demand of physical security measure 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.

The use of advanced physical security techniques such as video surveillance to monitor various security assets helps prevent crime and protect property. With technological advancements in internet and camera hardware, IP cameras and IP network systems are expected to be rapidly adopted in the coming years.

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The change from analog to IP-based cameras provides a more efficient and flexible physical security system because of its controllable bandwidth, which gives high resolution. Thus, the rising adoption of IP-based cameras and reduced use of analog cameras offers growth opportunities for physical security solutions and service providers in near future.

The fire & life safety subsegment of physical security market is expected to witness highest growth during the forecast period. The increasing adoption of fire and life safety systems in airports, banks, shopping malls, organizations, schools as well as residential properties is expected to fuel the growth of fire & life safety segment.