Global Physical Security Market to reach $85.51 billion by 2018, new report suggests

Extensive security concerns for personnel, information, hardware, and network infrastructure have increased the demand for innovative physical security products over the past few years, with the trend set to continue for the next 5 years, a new research report by Research and Markets has revealed.

According to their newly-released “Physical Security Market By Products & Services Worldwide Market Forecasts and Analysis (2013 – 2018)” report, the total physical security market is expected to grow from $55.59 billion in 2013 to $85.51 billion in 2018, at a CAGR of 9.0% from 2013 to 2018.

The adoption of Internet Protocol (IP) video network, sophisticated access control systems and monitoring solutions, such as Physical Security Information Management (PSIM) will represents major market drivers in the near future. The demand is huge in the emerging markets, such as Asia Pacific (APAC), as compared with the developed markets.

The market is segmented into: video surveillance, access control, biometrics, RFID, intrusion detection, analysis, integration and modeling, situational awareness platforms, security systems and others.

Tensor plc supplies an extensive range of Smart Card and biometric Access Control systems that provide users full jurisdiction over movement and access of personnel and vehicles in and around their site.

A Tensor system allows rapid communication when any delay occurs, such as when unauthorised personnel attempt to access a restricted area. The system gives full control over who is allowed access through any controlled point at any time of the day.

If you’d like to find out more about the extensive range of access control solutions supplied by Tensor, just contact us or Book a Demo, we’d be more than happy to answer all of your questions and queries.