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Revenue of Physical Security Market to Cross US$ 243.6 Bn by 2031, TMR Report
The deployment of a large number of security systems in organizations that has increased the complexity of managing and controlling incidents due to gap in communication with other systems has led to the rise in security breaches. Changing work practices over the past few years wherein enterprises rely on both physical and virtual ecosystems hosted on public or private clouds to expand business capabilities is susceptible to real-world threats. This stimulates demand for physical security solutions.
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Some of the key players operating in the physical security market are;
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The physical security market is segmented as follows;
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