The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Physical Security Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Physical Security Industry (2025-2030):

According to the latest report, The 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. The report demonstrates the prominent factors propelling the exponential growth of the Physical Security industry.

Key Takeaways: Beneficial for Stakeholders and Clients:

• Historical Data: 2020-23
• Base Year: 2024
• Forecast Period: 2025-30
• CAGR – 7.1%
• Market Value in 2023: USD 112.2 Billion
• Market Value By 2030: USD 145.3 Billion

What are the major Driver the global Physical Security industry?

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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Physical Security Market Segmentation

The Physical Security Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

• 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

As per the regional aspect, the Physical Security Market is expected to be dominated by North America by capturing the potential market share.

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Top Companies in the Physical Security Market

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

Global Physical Security Industry Recent Development:

September 2024: The world leader in smart, healthy, and sustainable building solutions, Johnson Controls, announced the addition of artificial intelligence (AI) integrations to its access control and video surveillance (ACVS) products. Organizations may develop environments that serve mission-critical business objectives beyond security by using intelligent solutions that leverage AI-powered technology and data.

June 2024: Cisco unveiled AI-enhanced networking, security, and observability solutions across its whole portfolio at its flagship networking and security event. These are intended to provide clients with the information and visibility they require to establish connections, safeguard their complete digital footprint, and develop digital resilience.

March 2023: With the help of Honeywell's intelligent and connected safety and security technologies, the Bangalore Safe City initiative, which seeks to provide a safe, effective, and empowering environment for women and girls, has completed its first phase, the company stated. By remotely monitoring public areas and gathering real-time data for further analysis, the implemented technologies will help to improve incident detection and response times.

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