Securing Spaces: Essential Strategies and Technologies for Robust Physical Security in Modern Environments

The physical security market focuses on safeguarding tangible assets through a range of technologies and solutions. Its applications encompass surveillance systems, access control, perimeter security, and intrusion detection. Industries such as healthcare, transportation, and critical infrastructure rely on physical security to mitigate risks and protect people, property, and information. The market addresses evolving threats, emphasizing prevention and response measures to ensure comprehensive protection against unauthorized access, theft, and potential physical harm in diverse environments.

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Data Bridge Market Research analyses that Turkey Physical Security Market, which was USD 802.12 million in 2021, is expected to reach USD 1,610.06 million by 2029, at a CAGR of 9.1% during the forecast period of 2022 to 2029. Escalating regional tensions necessitate heightened physical security measures in Turkey, emphasizing the imperative to safeguard assets, infrastructure, and populations amidst evolving geopolitical challenges and potential security threats.

Key Findings of the Study

Tourism industry is expected to drive the market's growth rate

The flourishing Turkish tourism industry serves as a key driver for the country's physical security market. The protection of popular tourist destinations and facilities becomes imperative to ensure a secure environment for visitors. Heightened security measures safeguard tourists and contribute to sustained tourism growth by fostering a reputation of safety. This, in turn, stimulates increased investments in advanced physical security technologies and solutions to fortify key tourist hubs and maintain the industry's upward trajectory.

Report Scope and Market Segmentation

Segment Analysis:

The Turkey physical security market is segmented on component, authentication, deployment model, enterprise size, and end user.

• On the basis of component, the Turkey physical security market is segmented into hardware, services, and software
• On the basis of authentication, the Turkey physical security market has been segmented into single-factor authentication, two-factor authentication, and three-factor authentication
• On the basis of deployment model, the Turkey physical security market has been segmented into on-premise and cloud
• On the basis of enterprise size, the Turkey physical security market has been segmented into large sized enterprises and small and medium-sized enterprises
• On the basis of end user, the Turkey physical security market is segmented into commercial, government, industrial, and residential

Major Players

Data Bridge Market Research recognizes the following companies as the major Turkey physical security market players in Turkey physical security market are Pelco (A Motorola Solutions Company) (U.S.), Cisco Systems, Inc. (U.S.), Axis Communications AB (Sweden), Johnson Controls (Ireland), Aware, Inc. (U.S.), IDEMIA (France)

Market Developments

• In June 2022, Axis Communications AB launched the latest AXIS M11 Box cameras, delivering exceptional image quality in low light. This innovation strengthens the company's network security camera portfolio, reinforcing its position in the market. The enhanced cameras cater to diverse security needs, solidifying Axis Communications' commitment to providing advanced solutions for comprehensive surveillance across various sectors
• In October 2021, Honeywell and IDEMIA joined forces, integrating Honeywell's security and building management systems with IDEMIA's biometric-based access control solutions. This strategic partnership expanded Honeywell's product portfolio, establishing a significant presence in the building access control market. The partnership allowed for the development of intelligent building offerings, marking a pivotal move to tap into new opportunities within the security and access control sector
• In July 2021, Hangzhou Hikvision Digital Technology Co., Ltd launched its All-in-One Indoor Station tablet device, seamlessly integrating security solutions for homes and offices. This innovative gadget offers a unified platform, incorporating surveillance, access control, and communication features, providing comprehensive and convenient security management in a single, user-friendly device
• In December 2020, Thales Group launched a double-sided ID card reader, streamlining ID verification by inspecting both sides simultaneously in the cloud. This innovation accelerates onboarding processes, enhancing efficiency and shielding businesses from ID fraud risks. The introduction of this solution allows Thales to broaden its product range and extend its market presence, positioning the company for further growth
• In August 2020, Motorola Solutions acquired Pelco Corporation for USD 110 million, integrating Pelco's video management solutions into its portfolio. Designating Pelco as a key subsidiary, Motorola Solutions expanded its presence in the physical security market, strengthening their ability to provide innovative solutions for consumers and reinforcing their commitment to advancing the industry's technological landscape

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