GCC Physical Security Market is expected to grow with a CAGR of 9.3% from 2022 to 2029. The years considered for the study are as mentioned below
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GCC physical security market is a highly consolidated market, which includes a specific number of key and local players. The market has witnessed increased strategic developments owing to a favorable market scenario.
The major players in GCC physical security market are introducing a solid range of product portfolios. This helped companies to maximize sales with an enhanced product portfolio.
For instance,
- In May 2022, IDEMIA launched a new generation of MorphoWave contactless fingerprint terminals. It is updated with new features like increased performance and a simplified profile. It will help the company with an improved product portfolio and higher market share
IDEMIA is dominating the GCC physical security market. Some of the major players operating in the GCC physical security market are Microsoft, Rapid7, Oracle, Micro Focus, Fortinet, Inc., BAE Systems, Palo Alto Networks, Aware, Inc., HID Global Corporation, Axis Communications AB, Hangzhou Hikvision Digital Technology Co., Ltd, IBM Corporation, Cisco Systems, Inc., Johnson Controls, Check Point Software Technologies Ltd., Trend Micro Incorporated, Bosch Sicherheitssysteme GmbH, Juniper Networks, Inc., McAfee, LLC, HEXAGON AB, Splunk Inc., Pelco Corporations, among others.
Thales Group
The company was founded in 1893 and headquartered in France. The company is engaged in development and providing solution in defence, aeronautics, space, transportation and digital identity and security markets. Their product categories are banking & payment, data protection, identity & access management, identity & biometric solutions, IoT, mobile, software monetization, industry analyst relations. Their focused product categories are identity & biometric solutions. Their subsidiaries includes Tampa Microwave, LLC (US), Thales Alenia Space France SAS (France), Thales Alenia Space Italia SpA (Italy), Thales Australia Ltd (Australia), Thales Avionics, Inc. (US) among others.
For instance,
- In December 2020, Thales Group introduced a double-sided ID card reader designed for inspecting both sides of an ID document simultaneously in the cloud, thus simplifying the ID verification process. The solution speeds up people on-boarding and protects the business from ID fraud. With this, the company will be able to expand its product portfolio and expand its market reach.
The company has presence in Americas, Europe, Asia-Pacific, and Middle East and Africa.
IDEMIA
The company was headquartered in France. The company is engaged in the development of identity technology solutions. Their product categories include payment, connectivity, access control, identity, travel, and public security. Their market-focused category is connectivity, access control, identity, travel, and public security.
For instance,
- In May 2022, IDEMIA launched a new generation of MorphoWave contactless fingerprint terminals. It is updated with new features like increased performance and a simplified profile. It will help the company with an improved product portfolio and higher market share
The company has a presence in the Americas, Europe, Asia-Pacific, and Middle East and Africa.
Hangzhou Hikvision Digital Technology Co., Ltd
The company was founded in 2001 and is headquartered in China. The company empowers decision-makers by enhancing safety and sustainable development with a network of products like cameras. Their product categories include network products, turbo HD products, transmission, display and control, mobile products, intelligent traffic products, access control, video intercom products, thermal products, alarm products, accessories, software, network cameras, PTZ cameras, network video recorders, datacenter storage, onboard security. Their market-focused category are network products, access control, onboard security, and alarm products.
Their subsidiaries are Hangzhou Ezviz Network Co., Ltd. (China), Prama Hikvision India Pvt Ltd (India), Hangzhou Hikrobot Technology Co., Ltd. (US), Chongqing Hikvision System Technology Co., Ltd. (China), Wuhan Hikstorage Technology Co., Ltd. (China) and Hangzhou Hikmicro Sensing Technology Co., Ltd (China) among others.
For instance,
- In July 2021, Hangzhou Hikvision Digital Technology Co., Ltd unveiled its All-in-One Indoor Station tablet gadget, which combines security solutions in homes and offices
The company is in the Americas, Europe, Asia-Pacific, and Middle East and Africa.
