Physical Security Market

Global Physical Security Market Size (2024 to 2029)

The global physical security market is predicted to reach USD 110.99 billion in 2024 and USD 157.87 billion by 2029, growing at a CAGR of 7.3% during the forecast period.

Global Physical Security Market Drivers:

Among the many factors that are fuelling the physical security market, some of the key factors include the increasing number of terrorist attacks, technological advances and the deployment of wireless technology in security systems, the rising use of IP protocol-based cameras for video surveillance, and the growing adoption of the IoT devices and market with security systems based on cloud computing platforms, etc. In addition to these factors, the refocusing of traditional solutions such as alarm systems, badge readers, and door locks towards logical security, including threat management, violation detection, and higher rate intrusion prevention, are also adding to the market rate growth.

GLOBAL PHYSICAL SECURITY MARKET REPORT COVERAGE:

This research report on the global physical security market is segmented and sub-segmented based on the component systems, component services, organisation type, vertical, and region.

Global Physical Security Market - By Component Systems:

• PACS

• PSIM

• PIAM

• Video Surveillance

• Fire and Life Safety

Global Physical Security Market - By Component Services:

• ACAAS

• VSAAS

• Remote Monitoring

• Security Systems Integration

Global Physical Security Market - By Organisation Type:

• Large

• Medium

• Small

Global Physical Security Market - By Vertical:

• Banking

• Telecommunications

• Healthcare

• Media management, etc.

Global Physical Security Market - By Region:

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East & Africa

North America has dominated the global physical security market for quite some time, owing to factors such as the presence of global market leaders, the availability of advanced technology and updated infrastructure, increased government incentives and funding, etc. When talking about the fastest-growing markets, Europe and the Asia Pacific top the race to catch up with the North American market.

KEY MARKET PLAYERS:

Some of the key market players operating in this industry are ADT Inc. (US), Bosch Building Technologies (Germany), Cisco Systems, Inc. (US), Honeywell International Inc. (US), and Johnson Controls International plc. (US), Anixter International Inc. (US), Genetec (Canada), Secom Co., Ltd (Japan), G4S plc. (UK), Pelco by Schneider Electric (US), Zhejiang Dahua Technology Co., Ltd. (US), Kastle Systems (US), Hikvision Digital Technology Co., Ltd. (China), STANLEY Convergent Security Solutions, Inc. (US), Axis Communications (Sweden), and others.