Physical Security Market To Rise Up, Based On Increasing Terror Threats, Border Disputes And Refugee Crises Drive

 

 

 

The global physical security market is expected to reach USD 203.05 billion by 2030, growing at a CAGR of 6.1% according to a new study by Grand View Research, Inc. lack of physical security leads to higher rates of burglaries and thefts. Therefore, safeguarding the physical perimeter and individual assets, including expensive technological equipment, has gained importance and is driving the market growth. Increasing awareness about securing the perimeter in developing economies has led to a rise in deployment of IP-based cameras in residential societies as well as commercial complexes and offices.

 

Furthermore, increasing terror threats, border disputes, and refugee crises drive the adoption of stringent safety measures, thereby driving the physical security market growth. For instance, in February 2022, Hangzhou Hikvision Digital Technology Co., Ltd, the world's prominent manufacturer of innovative video surveillance systems and solutions, introduced the TandemVu PTZ camera line, which combines PTZ and bullet camera capabilities into a single unit. These cameras can monitor broad regions and zoom in on individual security incidents while simultaneously maintaining attention on both viewpoints. Further, this camera would be deployed in commercial complexes and residential societies to reduce terror threats and adopt more physical security on the premises.

 

Physical Security Market Segmentation

Grand View Research has segmented the global physical security market report on the basis of component, organizational size, end-user and region:

 

Based on the Component Insights, the market is segmented into Systems, Services.

• The systems segment led the market in 2021 and accounted for a share of over 65.00% of the global revenue.
• The segment is further categorized into Physical Access Control Systems (PACS), video surveillance systems, perimeter intrusion detection and prevention, Physical Security Information Management (PSIM), Physical Identity And Access Management (PIAM), and fire & life safety. The video surveillance system sub-segment dominated the systems market in 2021. The system included in video surveillance systems is analog cameras, axis network cameras, video encoders, monitors, and storage solutions.
• Technological advancements, such as UHD, coupled with decreasing cost of equipment, have led to increased adoption of video surveillance systems to enhance remote monitoring and physical security.
• This would improve existing security systems by adding a layer of awareness to detect future threats ahead of time. The services component segment is expected to grow at the fastest CAGR over the forecast period.
• Services comprise deployment, maintenance, and updating of equipment as well as software, which further improves performance by providing the user with optimum control of the complete security infrastructure.
• The sub-segments of services include system integration, remote monitoring, and others. Driven by factors, such as changing approach of customers toward security operations, demand for cost-effective physical security systems, stringent regulatory compliance, and rapid growth of enterprises, system integration led the services segment in 2021.

 

Based on the Organization Size Insights, the market is segmented into SMEs, Large Enterprises.

• The SMEs segment is anticipated to witness the fastest CAGR of 8.2% over the forecast period. The segment growth can be attributed to theft, environmental dangers, and intruders, as small businesses also have a lot of resources and people to protect.
• The large enterprise segment is also anticipated to register a significant CAGR over the forecast period. The segment is driven by the factors, such as more significant infrastructure to safeguard, highly critical information to protect, and greater revenue to spend.
• Furthermore, protecting their data from thefts, cyberattacks, and unauthorized access lets the segment shift towards physical security solutions. Cyber threats are most likely to target businesses that store essential personal and sensitive information. These threats further result in financial losses, information security, and data breaches.
• The PBAC connects to a cloud authorization service and enables businesses to quickly develop dynamic permission for employees to access facilities and protect their highly critical information from cyber-attacks or thefts.

 

Based on the End-user Insights, the market is segmented into Transportation, Government, Banking & Finance, Utility & Energy, Residential, Industrial, Retail, Commercial, Hospitality, Others.

• The residential segment is projected to register the highest CAGR of 6.9% over the forecast period due to the high number of damages caused to assets and resources during thefts and other attacks. Application in residential properties has enhanced user experience along with protecting assets from any potential risks.
• The growth is attributed to the development of smart homes coupled with the increased use of advanced video surveillance and access control systems.
• Moreover, remote monitoring through cloud-based services has made it easier to supervise and control the physical environment. Transportation is projected to be the second-fastest-growing end-user segment over the forecast period. 
• Over the past few years, several industries & sectors, such as BFSI, residential, government, and transportation, have witnessed several cases of security breaches. These factors are expected to drive the demand for physical security systems.

 

Physical Security Regional Outlook

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

Market leaders focus on providing diverse solutions to cater to various applications to gain a higher market share. Companies also focus on strategic alliances, mergers, and acquisitions to enhance their product offerings and improve their market share.

 

Some prominent players in the global physical security market include:

• Hangzhou Hikvision Digital Technology Co., Ltd.
• Honeywell International, Inc.
• Genetec, Inc.
• Cisco Systems, Inc.
• Axis Communications AB
• Pelco
• Robert Bosch GmbH
• Johnson Controls
• ADT LLC

 

Order a free sample PDF of the Physical Security Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Interactive Whiteboard Market To Strike CAGR, Boosted By Emergence Of Virtual Classrooms And E-Learning Courses

  

 

Interactive Whiteboard Industry Overview

 

The global interactive whiteboard market size is estimated to reach USD 2.8 billion by 2027, growing at a CAGR of 7.6% from 2020 to 2027, according to a study conducted by Grand View Research, Inc. Surging need for standalone systems for collaborative meetings and digital learning methods is expected to boost the demand for interactive whiteboards across the globe. Rising popularity of digital learning and increasing technological advancements are also responsible for driving the demand market for interactive whiteboard over the forecast period.

 

Interactive Whiteboard Market Segmentation

Grand View Research has segmented the global interactive whiteboard market based on technology, form factor, projection technique, application, and region:

 

Based on the Technology Insights, the market is segmented into Infrared, Resistive Membrane, Electromagnetic Pen, Capacitive, Others.

• The resistive membrane segment accounted for the largest share in 2019 and is projected to exceed USD 1000 million by 2027, growing at a CAGR of over 7% over the forecast period.
• Resistive membrane-based interactive whiteboard support touch-based interactions and can be wholly operated using a finger or a stylus. Additionally, the cost-effective factor is expected to fuel the growth of interactive whiteboard integrated with resistive technology over the forecast period.
• The infrared segment is projected to exhibit a CAGR exceeding 6.5% over the forecast period. Infrared-based IWBs are easy to operate and are durable as compared to other technology-based IWBs such as resistive membrane or capacitive IWBs.

 

Based on the Form Factor Insights, the market is segmented into Fixed, Portable.

• The portable IWBs segment held the largest market share exceeded 47% in 2019 and is predicted to register the highest growth rate over the forecast period.
• Portable IWBs are suitable for last-minute presentations during business trips. Portable IWBs do not require any external support or surfaces and support multi-touch functionality. Owing to these aforementioned advantages portable IWBs are gaining popularity among consumers, and hence the market for portable interactive whiteboard is expected to witness significant growth.
• The fixed segment is also expected to grow at a significant rate over the forecast period. This growth is attributed to several features such as high resolution for high image quality, low latency time, and more accurate and responsive interactivity.
• Fixed IWBs are user-friendly and offer standard aspect ratios that are compatible with a majority of the existing computer setups and projectors.

 

Based on the Projection Technique Insights, the market is segmented into Front Projection, Rear Projection.

• The front projection technique secured a market share exceeding 60% of the global market for the interactive whiteboard in 2019 and is anticipated to grow at the highest rate from 2020 to 2027. Interactive whiteboard with front projection technique are equipped with video projectors.
• Interactive whiteboard equipped with rear projection are expected to grow at a CAGR of more than 9.5% over the forecast period.
• The rear projection technique identifies and eliminates presenter shadow present behind the interactive whiteboard and overcomes a key concern associated with front-projection IWBs. Thus, the presenter has to face the projector while communicating with the audience.

 

Based on the Application Insights, the market is segmented into Education, Corporate, Commercial, Others.

• The education segment is expected to emerge as a lucrative market for manufacturers of IWBs. Interactive whiteboard in educational institutions enable teachers to easily create customized learning objects from existing content in order to offer a real-time visual experience to students.
• Additionally, IWBs also increase student participation in knowledge sharing sessions and group discussions, whilst also eliminating the need for taking down notes. These aforementioned factors are expected to propel the demand for the market for interactive whiteboard over the forecast period.
• The corporate segment accounted for more than 15.0% of the global market share in 2019. Interactive whiteboard are gaining traction within the corporate sector as professionals in corporate meeting and conference rooms make use of whiteboard during the planning, designing, and various other developmental stages of a product.

 

Interactive Whiteboard Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

The market players particularly focus on introducing new products in the market to enhance their product portfolio and to gain a competitive edge in the market.

Some prominent players in the global interactive whiteboard market include

• BenQ Corporation
• Boxlight Corporation
• Cisco Systems, Inc.
• Google Inc.
• Microsoft Corporation.

 

Order a free sample PDF of the Interactive Whiteboard Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

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Distributed Fiber Optic Sensor Market To Forsee Commendable Growth, Due To Rising Need Amongst Enterprises And Corporations To Engage In Effective Sensing Operations Of Their Machine Systems

 

 

 

 

 

The global distributed fiber optic sensor market size is expected to reach USD 2,533.5 million by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 7.3% from 2022 to 2030.

 

The distributed fiber optic sensors (DFOS) market is expected to grow exponentially over the forecast period globally. Factors such as significant demand from the civil engineering vertical and rising adoption in the oil & gas sector substantially boost the adoption of distributed fiber optic sensors. Fiber optics can withstand rough handling, such as in pipes, streams, and reactors, where manual inspection is not feasible. Furthermore, they help in structural health monitoring at dangerous workplaces and can also be used for border security purposes to prevent intrusion. Thus, its capability to work in a challenging environment is another factor propelling the market growth.

 

Distributed Fiber Optic Sensor Market Segmentation

For the purpose of this report, Grand View Research has segmented the distributed fiber optic sensor market based on application, technology, vertical, and region:

 

Based on the Application Insights, the market is segmented into Temperature Sensing, Acoustic/Vibration Sensing, Other.

• The temperature sensing segment dominated the market and accounted for a revenue share of 45.3% in 2021. DFOS sensors help to generate a continuous profile of strain, acoustics, temperature, or conditions along the entire length of the fiber.
• Deploying distributed temperature sensing systems (DTS) enables enterprises and organizations to engage in effective temperature measurement practices in challenging scenarios. The high accuracy of the technology being used and the ability to be deployed in several industries such as oil and gas, industrial, civil engineering, and power and utility drive the market for the technology. 
• Acoustic and vibration sensing also captured nearly 39% revenue share in 2020, thus showcasing the importance of the technology and application for various uses. However, the high cost of deployment and technological complexities act as refraining factors for the market.

 

Based on the Technology Insights, the market is segmented into Rayleigh Effect, Brillouin Scattering, Raman Effect, Interferometric, Bragg Grating.

• The Raman Effect technology segment captured the highest revenue share of more than 38.0% in 2021.
• This can be accredited to the use of technology in critical situations such as the safety of large structures, coolant leak detection, and fire detection with uses in advanced data processing practices.
• The Rayleigh effect segment is expected to offer significant growth opportunities to the market. It is due to the technology's ability to measure almost all physical parameters such as strain and temperature.

 

Based on the Vertical Insights, the market is segmented into Oil and Gas, Power and Utility, Safety and Security, Industrial, Civil Engineering.

• The oil and gas segment dominated the market and accounted for a revenue share of 36.0% in 2021. Also, other verticals, including power and utility, safety and security, industrial, and civil engineering, have a major impact on the market's growth.
• DFOS is essential in real-time and accurate downhole measurement for optimized performance, leading to real-time data-driven decision-making. The use of fiber optics for Distributed Temperature Sensing (DTS) and Distributed Acoustic Sensing (DAS) helps solve daily oil and gas field encounters, which is further offering an impetus to market growth.
• The power and utility sector has gained significant revenue share due to increasing demand amongst electric utility companies for localization and hot spot detection, smart grid, and ampacity. 

 

Distributed Fiber Optic Sensor Regional Outlook

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

Rising R&D activities and increasing investments made by service providers to accelerate innovation and provide better service offerings offer an impetus to market growth. This has helped users engage in data-driven decision-making and closely administer machine systems to mitigate potential risks.

 

Some prominent players in the global distributed fiber optic sensor market include

• Halliburton
• Schlumberger Limited
• Yokogawa Electric Corporation
• OFS Fitel, LLC
• Qinetiq Group PLC
• Omnisens SA
• Brugg Kable AG
• Luna Innovations Incorporated
• AP Sensing GmbH

 

Order a free sample PDF of the Distributed Fiber Optic Sensor Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Volatile Organic Compound Gas Sensor Market Is Extrapolated To Grow, Due To Increasing Imposition Of Regulations And Policies By Government Association

 

 

 

Volatile Organic Compound Gas Sensor Industry Overview

 

The global volatile organic compound gas sensor market size is anticipated to reach USD 186.7 million by 2025, registering a CAGR of 4.0% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The detection of volatile organic compound (VOC) gases in the air has received considerable attention and is becoming increasingly important in the development of leak detection devices. This factor is anticipated to drive the market growth.

 

Volatile Organic Compound Gas Sensor Market Segmentation

Grand View Research has segmented the global volatile organic compound gas sensors market on the basis of type, technology, application, and region:

 

Based on the Type Insights, the market is segmented into Single Gas Detection Sensor, Multiple Gas Detection Sensor.

• Single gas detection sensors detect one gas at a time and they are majorly used in automotive applications. They are best suited for combustible gases, acetone, butadiene, xylene, toluene, tetrachloroethylene, methylene chloride, and benzene, among others.
• Every process involving the manipulation and production of hydrocarbons emits VOC gases. As a result, the product is used for industrial applications such as oil refining, chemical processing, and petrochemical plant among others.
• Multiple gas detection sensors are widely used in the oil and gas sector owing to their portability and cost-effectiveness. These detectors are most commonly used for monitoring pipeline operations and detecting different gases, such as benzene, methylene chloride, perchloroethylene, MTBE, and formaldehyde.

 

Based on the Technology Insights, the market is segmented into Photo-Ionization Detector (PID), Infrared-based Detection, Metal-oxide Semiconductor, Others.

• Metal oxide semiconductor gas sensors operate when VOC gas comes in contact with metal oxide surfaces as oxidation or reduction of the gas changes conductivity or resistivity of the metal oxide surface. The conductivity of resistivity change is measured by electronic circuitry.
• They are widely used by end-use industries such as automotive, petrochemical, and medical owing to the benefits such as resistance to corrosion and longer life. Semiconductor technology-based sensors accounted for a considerable market share in 2018.

 

Based on the Application Insights, the market is segmented into Oil & Gas, Agriculture, Automotive, Chemical Industry, Manufacturing, Food & Beverages, Metals & Mining, Others.

• While production optimization remains the main focus for implementing sensors in oil and gas, health and safety are also important aspects. As a result, the use of VOC sensors is growing at a rapid pace for the real-time tracking of reservoir environment, monitoring of pipelines, monitoring of benzene leaks, and remote monitoring of plant equipment.
• Increasing demand for natural gas and petroleum has led to potential risks during production, such as exposure to toxic and combustible gases during extraction as well as gas leakage.
• The food and beverage manufacturing industry are expected to witness the rapid adoption of digital transformation and smart manufacturing initiatives in the forthcoming years. This growth is expected to arise from numerous food processing industry players that are functional across the value chain.

 

Volatile Organic Compound Gas Sensor Regional Outlook

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

The majority of the players are manufacturing IR based VOC sensor above 1.8 microns as most gases such as butane, methylene chloride, propane, acetone, and combustible gases are absorbed in a wavelength ranging from 2.0 microns to 4.0 microns.

Some prominent players in the global volatile organic compound gas sensor market include

• AlphaSense
• City Technology Ltd.
• Bosch Sensortec
• ABB Ltd
• Siemens AG
• Aeroqual Limited
• SGX Sensortech
• Integrated Device Technology, Inc.
• EcoSensors
• GfG Europe Ltd.

 

Order a free sample PDF of the Volatile Organic Compound Gas Sensor Market Intelligence Study, published by Grand View Research.