Physical Security Market, (By Systems: Video Surveillance, Access Control, Intrusion Detection, Exterior Security System. By Components: Hardware, Software, Services. By End-Users: Government, Transportation, Banking and Finance, Utility and Energy, Residential, Commercial, Retail, Hospitality, Industrial and Manufacturing & Others. By Region - North America, Europe, Asia Pacific, and LAMEA) – Global Industry Insights, Analysis, Trends, and Forecast 2022-2032

The global physical security market was valued at $110.2 billion in 2021 and it is expected to reach $240.2 billion at a CAGR of 7.3% between 2022 and 2032. Physical security is a type of protection that is provided to people, property, and essential assets from any kind of damage or loss. In modern days, along with cyber security, physical security is also important. Therefore, the increasing demand for this has been driving market growth over the last few years.          

By region, North America is dominating the physical security market across the globe.  

In several major regions, governments are focusing on working to strengthen their physical security systems to reduce any kind of threats such as theft, terrorism activities, burgling, and more. Therefore, the demand for physical security has been increasing, which is expected to witness a significant growth opportunity during the forecast period. Furthermore, the increasing innovations and technological advancements in integrated sensors, videos, and other data information for IoT-enabled devices are estimated to propel the growth of the physical security market in the upcoming years. Moreover, organizations are becoming concerned about employee safety; hence they are focusing on setting up physical security systems to stop unauthorized access, which further boosts the demand for physical security systems and solutions across various regions. In Asia-Pacific, China has been the largest market over the last few years. The country has been firmly supporting in making new opportunities for the physical security market. Additionally, there are several major technologies which are such as Hangzhou Hikvision Digital Technology Co. Ltd., Dahua Technology Co. Ltd., and more, which are adopting physical security systems.

Source: SAI Research

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Based on the systems, the physical security market is segmented into video surveillance, access control, intrusion detection, and exterior security system. The video surveillance system has dominated the market over the last couple of years due to the technological advancements along with decreasing the high cost of equipment, which has led to the adoption of video surveillance systems to expand monitoring and physical security across several economies. Based on components, the market is categorized into hardware, software, and services. The hardware and software segments are dominating the physical security components in the last couple of years due to the rising adoption of video surveillance systems within sectors such as commercial and residential areas.                                                                

Based on end-user, the global physical security market is segmented into government, transportation, banking and finance, utility and energy, residential and commercial, retail, hospitality, manufacturing industries, and others. The residential and commercial segments are anticipated to witness significant growth during the forecast period due to the rising number of thefts, losses, and other attacks. Based on regions, the market is categorized into North America, Europe, Asia-Pacific, Latin America, Africa, and the Middle East Countries. Among these regions, North America has been dominating the physical security market across the globe. Adoption of advanced technologies is increasing in this region including cyber security and physical security solutions in small, medium, and large number of enterprises. Moreover, other sectors such as airports, seaports, railways, bus stoppages, and other highway roads are focusing on adopting physical security integration systems to protect their citizens from terror attacks, theft, and other things. However, the Asia-Pacific region is also expected to be the fastest-growing market in the upcoming years due to the rising demand for smart city security systems and solutions across developing countries such as India, China, Japan, South Korea, and other countries as well.                                                               

According to the study, key players such as Apollo Global Management Private Equity Company (U.S), Cisco Networking Hardware Company (U.S), Honeywell Multinational Conglomerate Company (U.S), Johnson Control HVAC Company (Ireland), TELUS Corporation Company (Canada), WESCO International Company (U.S), Genetec Company (Canada), Robert Bosch Engineering Company (Germany), Assa Abloy Manufacturing Company (Sweden), Motorola Solutions Telecommunications Equipment Company (U.S), China Electronics Technology Group Communications Equipment Company (China), Secom Security Company (Japan), GardaWorld Company (Canada), Convergint Technologies LLC IT Service Management Company (U.S), Paladin Security and Intelligence Services (India), BCE Inc Mass Media Company (Canada), SmartCone Technologies Inc (Canada), Hanwha Techwin America (U.S), IOTAS Home (U.S), SightLogix Inc (U.S), Brivo Company (U.S), Exacq Technologies Inc (U.S) Allied Universal Security Company (U.S), TELSCO Security Systems (Canada), Alarm.Com Home Automation Company (U.S), Canon Optical Products Company Japan), among others are leading the global physical security market.  

The Global Physical Security Market Has Been Segmented Into:

The Global Physical Security Market – By Systems:

• Video Surveillance
• Access Control
• Intrusion Detection
• Exterior Security System

The Global Physical Security Market – By Components:

• Hardware
• Software
• Services

The Global Physical Security Market – By End-Users:

• Government
• Transportation
• Banking and Finance
• Utility and Energy
• Residential
• Commercial
• Retail
• Hospitality
• Industrial and Manufacturing
• And Others

The Global Physical Security Market – By Regions:      

North America 

• U.S.
• Canada
• Mexico

Europe

• Germany
• France
• Italy
• U.K.
• Russia
• Rest of Europe Countries

Asia-Pacific

• India
• China
• Japan
• South Korea
• North Korea
• Rest of Asian Countries

LAMEA

• Brazil
• Saudi Arabia
• Rest of LAMEA