Market Share of Physical Security Services Industry
The physical security services market is competitive and has several major players. However, many companies are increasing their market presence by securing new contracts and acquiring other companies. Key companies in the market include Johnson Controles, Honeywell, Cisco Systems Inc., and Genetec. Players are adopting partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- May 2024: Genetec, a technology provider, announced its launch of unified security, public safety, operations, and business intelligence solutions in partnership with Axis Communications. With this launch, Genetec aims to address important themes around the state of regional physical security and the evolving trends and best practices for safeguarding assets and infrastructure.
- January 2024: LenelS2, a company that offers physical security solutions, announced the launch of a cloud-based security solution, “the element platform.” This newly launched solution was designed to be easily installed and simple to use, with a mobile-first, intuitive user interface. Also, it provides information that is available at any time and accessible from anywhere on any device.
Physical Security Services Market Leaders
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Johnson Controles
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Honeywell International Inc.
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Cisco Systems, Inc.
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Huawei Technologies Co., Ltd.
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Genetec Inc.
*Disclaimer: Major Players sorted in no particular order
