Asia-Pacific Physical Security Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Asia-Pacific Physical Security Industry Overview

The Asia-Pacific physical security market is fragmented and highly competitive due to the presence of several companies. The market has several significant players adopting strategies like product innovation, new product launches, partnerships, collaborations, and mergers and acquisitions. Some of the major players in the market include Honeywell International Inc., Bosch Security Systems GmbH, Genetec Inc, Dahua Technology Co., Ltd, Axis Communications AB, Johnson Controls, NEC Corporation, Schneider Electric, and Hanwha Group.

• June 2023: Hanwha Vision announced the launch of SolidEDGE. This cloud-managed camera system provides secure video surveillance without needing a server. It is designed to meet the demands of security operations, which necessitate the ability to record multiple cameras, access remotely, and manage security systems from an on-site location. SolidEDGE has onboard SSD storage and a WAVE Video Management System (VMS). The company offers two models of SolidEDGE cameras, one with an onboard SSD storage capacity of 1 TB and the other with 2 TB, providing high-quality and reliable video surveillance.
• April 2023: Prysm Software entered a strategic partnership with Hikvision to enable the integration of various Security and Access Control solutions, including Fire and Building Management. By integrating the AppVision platform from Hikvision, the Building Management and Security Teams are expected to have a more comprehensive understanding of the activities occurring in their operations. This is expected to be done through integrating a unified interface for notification and data from a wide range of Mission-Critical Systems.