Global Physical Security Market - Forecast to 2023: Adoption of As A Service Model & Use of AI to Boost Surveillance
Canon, Inc. American Depositary Shares (CAJ)
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Source: GlobeNewswire
Dublin, Feb. 22, 2019 (GLOBE NEWSWIRE) -- The "Global Physical Security Market by Component and Services, Organization Size, Vertical and Region - Forecast to 2023" report has been added to ResearchAndMarkets.com's offering The physical security market is projected to grow from USD 84.1 billion in 2018 to USD 119.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 7.3% from 2018 to 2023. Rising incidents of terror attacks, technological advancements and deployment of wireless technology in security systems, increasing use of IP-based cameras for video surveillance, implementation of mobile-based access control, and adoption of Internet of Things (IoT)-based security systems with cloud computing platforms are projected to drive the growth of the market across the globe. Physical security refers to the measures taken to prevent damage and unauthorized access to valuable hardware, software, network infrastructure, and other assets from intern
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