Leading Companies in the Physical Security Industry

Physical security is an integral part of a comprehensive security strategy, which may also include cybersecurity, personnel training, and crisis management plans. A well-designed physical security system helps organizations protect their assets, maintain a safe environment, and respond effectively to security incidents when they occur.

Physical security refers to the methods and practices used to keep people, assets, and properties safe from unauthorized access, damage, theft, or harm. Physical barriers, access control systems, surveillance technologies, and security personnel are used to create a safe and secure environment. Physical security strives to dissuade possible attacks, detect breaches or suspicious activity, and effectively respond to mitigate risks.

Market Players: Physical Security Market

In the physical security industry, several significant companies offer a diverse range of goods and services. Among the most well-known and recognized companies in this field are:

Honeywell International Inc.

Honeywell International Inc. is a worldwide company that delivers solutions in aircraft, building technology, performance materials, and safety and productivity. Honeywell provides various products and services in the physical security sector, including access control systems, video surveillance, intrusion detection, and integrated security solutions.

The corporation reported US$ 32.6 billion in revenue in 2020, with its security solutions sector accounting for 14% of overall revenue.

Johnson Controls International plc

Johnson Controls International plc is a multinational, multi-industry corporation that provides solutions for building efficiency, automotive systems, and batteries. The company provides physical security solutions such as access control systems, video surveillance, intrusion detection, and fire detection systems.

Johnson Controls reported US$ 22.8 billion in revenue in 2020, with its building technologies and solutions division, which includes physical security, accounting for 44% of total revenue.

Bosch Security and Safety Systems 

Robert Bosch GmbH, a German multinational engineering and technology corporation, owns Bosch Security Systems. Video surveillance systems, access control systems, intrusion detection systems, and fire alarm systems are among the security products and solutions offered by Bosch Security Systems.

In addition, the company offers customized solutions for various industries, including healthcare, retail, and critical infrastructure. Bosch Security Systems reported a revenue of US$ 1.7 billion in 2020.

Axis Communications AB 

Axis Communications AB is a Swedish network camera manufacturer for the physical security and video surveillance markets. The company's products and solutions are network cameras, video encoders, and video management software. Axis Communications AB reported sales of SEK 10.1 billion (US$ 1.2 billion) in 2020.

Hangzhou Bioer Technology Co. Ltd.

Hangzhou Hikvision Digital Technology Co., Ltd. is a Chinese video surveillance device and solution company. The company's offerings include network cameras, analog cameras, video encoders, and video management software.

Hikvision is well-known for its sophisticated video analytics and facial recognition technology. Hikvision claimed CNY 63.5 billion (US$ 9.8 billion) in revenue in 2020.

Kastle Systems 

Kastle Systems takes an integrated approach to security by providing security as a continuous service that encompasses initial design, system selection, and installation, as well as continuing project management and monitoring. The concept is that Kastle will monitor and maintain a company's security so that the company may focus on core operations.

The system also enables businesses to benefit from the most recent technical breakthroughs. Kastle has invested over US$ 60 million in technology, systems, and equipment to stay ahead of industry trends and developments. The program features include video surveillance, access control, fire and life safety, and visitor management. 

Genetec 

Genetec Inc. is a cutting-edge technological company. They are concerned with security, intelligence, and operations. Security Centre, the primary physical security solution, is a platform that links video surveillance, access control, automatic license plate recognition, and analytics. Genetec's cloud-based security technology applies to any industry, including transportation, education, government, and law and parking enforcement.

Genetec focuses on creating safe areas by providing technologies that cover physical protection and contribute to a better quality of life for inhabitants.

Global Grab 

Global Grab, the global expert on perimeter security, leverages its enormous experience and skills to assist in any circumstance and counter threats. Global Grab works with businesses to identify security holes and make improvements. Products and technology are developed on an individual basis to meet the security needs of each customer.

Conclusion

Physical security is a fast-expanding industry critical to maintaining safety and security in various contexts. The physical security industry is likely to expand more in the future years as demand for advanced security systems rises across various industries.

Major market players such as Bosch Security Systems, Honeywell International, and Axis Communications continue to innovate and create new technologies to suit customers' needs and remain competitive. Furthermore, integrating physical security systems with artificial intelligence and the Internet of Things will likely boost market expansion. The physical security market is projected to remain a vibrant and vital business for many years as the importance of physical security grows.

To get more insights on the Global Physical Security Market, take advantage of the market research report by RationalStat that can shape your decision into a well-informed decision. Request a free sample report.