Global Physical Security Market Value and Growth Projections for 2025 - 2030

The Global Physical Security Market size was valued at around USD 112.2 billion in 2023 and is projected to reach around USD 145.3 billion by 2030. Along with this, the market is anticipated to grow at a CAGR of around 7.1% during the forecast period, i.e., 2025-2030. According to MarkNtel Advisors Study.

Global Physical Security Market Driver:

Increasing Security Concerns & Technological Advancements – Ongoing crime, acts of terror, and concerns regarding safety at the workplace are recognized as a necessity for having better means of safeguarding organizations. The development of technology such as Artificial intelligence, the Internet of Things, and cloud-based solutions. The increasing utilization of smart structures and biometric authentication systems in diverse sectors is also boosting market growth. For instance;

In January 2024, Ilustra Standard Gen3 is the latest smart security line that was recently unveiled to the market by Johnson Controls, a US-based global player offering smart security solutions. This line was developed and built in India where the company attained more than 75% indigenization as espoused by the Make in India policy.

Also, the demand for conforming to the security standards and protecting the physical assets in the upper-med priority areas of concern including government services, health care facilities, and finance has quickly grown the need for total security solutions. Due to the integration with newer regions such as Asia-Pacific and the Middle East, the physical security market can witness healthy growth in the upcoming years.

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Key Market Reports Highlights

·        Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Physical Security Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2024

-Historical Period: 2020 to 2023

-Forecast Period: 2025 to 2030

• By Component
• Hardware- Market Size & Forecast 2020-2030, USD Million
• Cameras- Market Size & Forecast 2020-2030, USD Million
• Biometrics & RFID Devices- Market Size & Forecast 2020-2030, USD Million
• Sensors- Market Size & Forecast 2020-2030, USD Million
• Smoke Detectors- Market Size & Forecast 2020-2030, USD Million
• Alarms- Market Size & Forecast 2020-2030, USD Million
• Others- Market Size & Forecast 2020-2030, USD Million
• Software- Market Size & Forecast 2020-2030, USD Million
• Video Management Software (VMS)- Market Size & Forecast 2020-2030, USD Million
• Physical Security Information Management (PSIM)- Market Size & Forecast 2020-2030, USD Million
• Access Control Management Software- Market Size & Forecast 2020-2030, USD Million
• Services- Market Size & Forecast 2020-2030, USD Million
• Professional Services- Market Size & Forecast 2020-2030, USD Million
• Maintenance and Support- Market Size & Forecast 2020-2030, USD Million
• Consulting Services- Market Size & Forecast 2020-2030, USD Million
• Training and Education- Market Size & Forecast 2020-2030, USD Million
• Others- Market Size & Forecast 2020-2030, USD Million
• Managed Services- Market Size & Forecast 2020-2030, USD Million
• Remote Monitoring Services- Market Size & Forecast 2020-2030, USD Million
• Security System Integration- Market Size & Forecast 2020-2030, USD Million
• Others- Market Size & Forecast 2020-2030, USD Million
• By System Type
• Physical Access Control System (PACS)- Market Size & Forecast 2020-2030, USD Million
• Video Surveillance System- Market Size & Forecast 2020-2030, USD Million
• Perimeter Intrusion Detection and Prevention- Market Size & Forecast 2020-2030, USD Million
• Physical Security Information Management (PSIM)- Market Size & Forecast 2020-2030, USD Million
• Physical Identity & Access Management (PIAM)- Market Size & Forecast 2020-2030, USD Million
• Fire and Life Safety- Market Size & Forecast 2020-2030, USD Million
• Others- Market Size & Forecast 2020-2030, USD Million
• By Enterprise Size
• SMEs- Market Size & Forecast 2020-2030, USD Million
• Large Enterprises- Market Size & Forecast 2020-2030, USD Million
• By End User
• BFSI- Market Size & Forecast 2020-2030, USD Million
• Healthcare- Market Size & Forecast 2020-2030, USD Million
• Government- Market Size & Forecast 2020-2030, USD Million
• Retail & eCommerce- Market Size & Forecast 2020-2030, USD Million
• Transportation & Logistics- Market Size & Forecast 2020-2030, USD Million
• Hospitality- Market Size & Forecast 2020-2030, USD Million
• Residential- Market Size & Forecast 2020-2030, USD Million
• Education- Market Size & Forecast 2020-2030, USD Million
• IT & ITeS- Market Size & Forecast 2020-2030, USD Million
• Others- Market Size & Forecast 2020-2030, USD Million
• By Region
• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - Honeywell International Inc., Johnson Controls, Cisco Systems Inc., Bosch Building Technologies, TELUS, Axis Communications AB, Genetec Inc., ADT LLC, Siemens, Hangzhou Hikvision Digital Technology Co., Ltd., Dahua Technology Co., Ltd., Pelco, Inc., SECOM Plc, HID Global Corporation, WESCO International and others and Others are looking forward to strengthening their market positions.

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