Global Physical Security Market in the Retail Sector 2023-2027

Global Physical Security Market In The Retail Sector 2023-2027
The physical security market in the retail sector is forecasted to grow by USD 4,846.45 mn during 2022-2027, accelerating at a CAGR of 7.15% during the forecast period. The report on the physical security market in the retail sector provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing incidents of theft, consumer demand for safe shopping environments, and rising concerns about employee safety.

Technavio's physical security market in the retail sector is segmented as below:

By TypeHardware and softwareServicesBy End-userLarge enterprisesSMEsBy Geographical LandscapeNorth AmericaEuropeAPACSouth AmericaMiddle East and AfricaThis study identifies the increasing adoption of video surveillance as one of the prime reasons driving the physical security market in the retail sector growth during the next few years. Also, integration of retail sector with business intelligence and IoT and increasing use of thermal cameras for health and safety will lead to sizable demand in the market.

The report on the physical security market in the retail sector covers the following areas:Physical security market in the retail sector sizingPhysical security market in the retail sector forecastPhysical security market in the retail sector industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading physical security market in the retail sector vendors that include ADT Inc., Allied Universal, ASSA ABLOY AB, Canon Inc., Cisco Systems Inc., Corps of Commissionaires Management Ltd., Genetec Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Honeywell International Inc., Huawei Technologies Co. Ltd., Johnson Controls International Plc, Kastle Systems International LLC, KBR Inc., Motorola Solutions Inc., Robert Bosch GmbH, SECOM Plc, Securitas AB, Stanley Black and Decker Inc., WESCO International Inc., and Zhejiang Dahua Technology Co. Ltd.. Also, the physical security market in the retail sector analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.