Market Share of Europe Physical Security Industry
The European physical security market is fragemented, owing to the presence of several companies. The players adopt strategies like product innovation, new product launches, partnerships, collaborations, and mergers and acquisitions. Some of the major players include Siemens AG, Securitas AB, Secom Co. Ltd, Dahua Technology Co. Ltd, Hanwha Vision Co. Ltd, G4S Limited, Vanderbilt Industries, Bosch Security Systems GmbH, Teledyne FLIR LLC, Genetec Inc., Johnson Controls, Hangzhou Hikvision Digital Technology Co. Ltd, Schneider Electric, and Honeywell International Inc.
- August 2023: Hanwha Vision partnered with A2 Technology, a company that offers smart city solutions, to provide innovative video solutions. A2 primarily aims to protect communities and improve mobility through artificial intelligence (AI) and video analytics. Its solutions are deployed in more than 100 cities worldwide, with its most renowned solution being installed in 54 Tunnels and 300+ km on high-speed railroads.
- July 2023: Securitas entered into an extended five-year contract to provide security services for Microsoft data centers in 31 countries. The agreement outlined a comprehensive suite of services designed according to Microsoft's requirements. Securitas is dedicated to providing the highest level of security when and where it is required. Innovation and technology integration are vital priorities for Securitas to strike a balance between security measures and innovative solutions.
Europe Physical Security Market Leaders
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Securitas AB
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Bosch Security Systems GmbH
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Dahua Technology Co., Ltd.
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Hanwha Vision Co., Ltd.
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Secom Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
