Global Physical Security Market to cross $150 Bn by 2027; Global Market Insights, Inc. Some of the major physical security market participants are Honeywell International Inc., Axis Communications AB, Hangzhou Hikvision Digital Technology Co., Ltd., ASSA Abloy, Johnson Controls, IDEMIA, Pelco, STANLEY Convergent Security Solutions, Inc., and NEC Corporation. Selbyville, Delaware, Feb. 04, 2021 (GLOBE NEWSWIRE) — Global Market Insights, Inc. has recently added a new report on the physical security market which estimates the market valuation for physical security will cross US$ 150 billion by 2027. The high demand for advanced security solutions from several industry verticals will propel the market growth. The demand for access control systems from corporate enterprises is increasing. These systems ensure the entry of only authorized employees in the premises. The access control systems eliminate the need for security personnel at entry gates. Employees can be provided with cards that are scanned at access control systems established at the entry & exit points. Players are focusing on integrating biometric into access control solutions, enabling authorized access through facial, fingerprint or iris recognition. Manufacturing facilities also employ physical security systems connected with alarms, alerting authorities by sounding alarm in case of an unwanted intrusion.