Research Report: By Type (Hardware, Software), Regional Insight (China, Japan, India, Australia, South Korea) - Industry Analysis and Forecast to 2024. The Asia-Pacific (APAC) physical security market is progressing on account of the increasing spending on the transportation sector, growing security concerns, and popularity of internet protocol (IP)-based systems for video surveillance.

New York, Oct. 24, 2019 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Asia-Pacific (APAC) Physical Security Market" - https://www.reportlinker.com/p05815891/?utm_source=GNW
Valuing $26.3 billion in 2018, the market is expected to grow to $57.9 billion by 2024 at a 14.3% CAGR during the forecast period (2019–2024). Physical security includes keeping built structures, tangible property, and personnel safe from intruders and physical harm.

On segmenting by type, the APAC physical security market is bifurcated into software and hardware, of which hardware was the larger bifurcation during the historical period (2014–2018) in terms of revenue generation. This is attributed to the rapid deployment of access control, video surveillance, and metal, weapon, and perimeter intrusion detection systems to secure buildings, housing and office complexes, individual homes, manufacturing plants, and other facilities.

There are two types of video surveillance systems available — IP/network and analog — of which the latter type was more popular throughout the historical period. The demand for IP/network variants would grow faster, owing to which such systems will generate higher revenue by 2024. This shift in the APAC physical security market would be because these devices provide users with increased safety and convenience at less costs. Consumers also benefit from their remote access, high-definition (HD) picture quality, built-in wireless connections, and high scalability and durability.

The most important reason physical security systems are becoming rapidly popular in APAC is the increasing crime rate here. This picture is especially grim in China, Malaysia, Australia, and India, where the concerns regarding security have risen. To tackle the issue, the government in many of these nations is supporting the deployment of physical security systems. It is not just crimes, such as homicides and thefts, which are increasing, but also terrorist attacks. From 2012 to 2018, APAC recorded over 300 terrorist attacks, creating the need for tighter security measures.

Market Segmentation by Type
Hardware
Video surveillance system
By type
Analog
Analog camera
Digital video recorder (DVR)
IP/Network
IP/Network camera
Network video recorder (NVR)
By vertical
Government and transportation
Banking, financial services and insurance (BFSI)
Hospitality and healthcare
Retail
Industrial and manufacturing
Commercial offices/buildings
Education
Residential
Others (data centers and warehouses)
Road blocker
By type
Hydraulic blocker
Anti-Ram bollards
Others (spike barrier and axle barrier)
By Vertical
Government and transportation
BFSI
Hospitality and healthcare
Retail
Industrial and manufacturing
Commercial offices/buildings
Education
Residential
Others (data centers and warehouses)
Automatic security gate
By vertical
Government and transportation
BFSI
Hospitality and healthcare
Retail
Industrial and manufacturing
Commercial offices/buildings
Education
Residential
Others (data centers and warehouses)
Access control system
By type
Biometric
Fingerprint
Face
iris
Hand/Palm
Multimodal
Others (voice recognition, gait recognition, and vein recognition)
Card readers
Contact
Contactless
Turnstiles
Others (keypad locks, electronic locks, and smart locks)
By Vertical
Government and transportation
BFSI
Hospitality and healthcare
Retail
Industrial and manufacturing
Commercial offices/buildings
Education
Residential
Others (data centers and warehouses)
Perimeter intrusion detection system
By deployment type
Open area
Fence-Mounted
Buried
By vertical
Government and transportation
BFSI
Hospitality and healthcare
Retail
Industrial and manufacturing
Commercial offices/buildings
Education
Residential
Others (data centers and warehouses)
Metal and weapon detection system
By type
Handheld
Static
By vertical
Government and transportation
BFSI
Hospitality and healthcare
Retail
Industrial and manufacturing
Commercial offices/buildings
Education
Residential
Others (data centers and warehouses)
Under vehicle inspection system
By type
Fixed
Portable
By vertical
Government and transportation
BFSI
Hospitality and healthcare
Retail
Industrial and manufacturing
Commercial offices/buildings
Education
Residential
Others (data centers and warehouses)
Software
Video management system (VMS)
Video analytics
Access control management
Physical security information management
Others (motion detection software and intrusion alarm software)

Market Segmentation by Country
China
By type
By vertical
Japan
By type
By vertical
India
By type
By vertical
Australia
By type
By vertical
South Korea
By type
By vertical
Rest of APAC
By type
By vertical
Read the full report: https://www.reportlinker.com/p05815891/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

__________________________

Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.