Depending on type, the APAC physical security market is classified into software and hardware. The software category is further divided into access control management, video analytics, physical security information management, video management software (VMS), and others that include intrusion prevention software and motion detection software.
Out of these, the VMS category had the highest market share during the past few years. VMS allows the unification of camera views all over the property. This makes the monitoring of the exit and entry of people very easy. According to the forecast of P&S Intelligence, a market research company based in India, the APAC physical security market will register huge expansion in India and China in the coming years.
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This will be because of the increasing number of smart city projects, the launch of several infrastructural development projects, and the rapid construction of metro stations and airports in these countries. Therefore, it is safe to say that the sales of physical security systems will surge in the APAC region in the forthcoming years, mainly because of the rising security concerns and the increasing prevalence of terrorist attacks in the region.
In APAC, there are various infrastructural development projects in the pipeline currently. For example, nearly 500 smart city pilot projects are currently in the pipeline in China. Moreover, the country launched the national smart city development plan in 2012 for building smart cities equipped with well-developed infrastructure and transportation systems.