How is Growing Terrorism Activities Driving APAC Physical Security Market?

Crime and terrorism activities across the globe, including the Asia-Pacific (APAC) region,have been rising rapidly. Terrorism activities are mostly related to data breaches for gaining access to confidential data.

While most enterprises pay a great deal of attention to implementing different security solutions for preventing cyberattacks, they do not spend enough on physical security which puts to prevent the theft for physical devices.

According to a P&S Intelligence, the APAC physical security market reached a value of $26.3 billion in 2018 and is predicted to generate a revenue of $57.9 billion by 2024, progressing at a 14.3% CAGR during the forecast period (2019–2024). Physical security is implemented through both software and hardware solutions.

In 2018, the larger demand was created for different hardware, such as video surveillance system, automatic security gate, road blocker, access control system, metal and weapon detection system, perimeter intrusion detection system, and under vehicle inspection system.

The requirement for physical security software is also predicted to increase considerably in the coming years. Types of software solutions used for physical security include video analytics, access control management, video management system, and physical security information management.

Get Sample Copy of Report : https://www.psmarketresearch.com/market-analysis/apac-physical-security-market/report-sample

The largest demand in the past was created for VMS, as it enables the unification of camera views throughout the property, thereby making it easier for monitor entry and exit of personnel. Apart from this, the need for video analytics is also expected to grow because of the rising need for retain analytics for vehicle plate recognition, shoplifter identification, and vehicle plate recognition.