| Press Release
Outlook on the Data Center Physical Security Global Market to 2025 - Players Include Assa Abloy, Axis Communications & ABB Among Others
ResearchAndMarkets.com's offering.
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Data Center Physical Security Market Report
The data center physical security market by revenue is expected to grow at a CAGR of 4% during the period 2020-2025.
The global physical security market is expected to witness significant investments from hyperscale service providers.
The increased preference for multi-layer safety, especially five-layer ones due to the increasing demand for colocation services, is a major driver for the market's growth. The market also observes high growing demand for multi-factor authentication and CCTV monitoring solutions along with perimeter fence, 24/7 onsite security guards, mantraps, CCTV surveillance, card readers, and biometric authentication. The US is expected to emerge as a major contributor to the global market, followed by China and the UK. In 2019, India, Japan, Thailand, Kenya, Nigeria, and Indonesia witnessed multiple new entrants investing in building large facilities. The implementation of 5G has commenced in multiple countries across the globe, which will have a major impact on the market, with telecommunication providers partnering data center service providers in establishing edge facilities.