ENG
Physical Security Market: Global Industry Overview (2024-2030) by Component, Organization Size, Vertical and, Region
Physical Security Market size was valued at US$ 123.02 Billion in 2023 and the total Physical Security revenue is expected to grow at 6.7% through 2024 to 2030, reaching nearly US$ 193.70 Billion.
Format : PDF | Report ID : SMR_304
Physical Security Market Overview:
Physical security refers to safeguards in place to prevent illegal access to facilities, systems, and assets, as well as to protect workers and goods from danger e.g. espionage. Multiple layers of interdependent systems, such as Closed-circuit television, security officers, security measures, locks, authentication protocols, boundary intrusion detection, countermeasure systems, fire prevention, and other systems intended to protect individuals and property, are used to provide physical security. Physical Security Market report is come up with segment analysis on the basis of component, organization size, vertical and region.
Limiting and controlling who has access to places, facilities, and materials are critical to enhancing physical security measures. Access control is the deliberate limitation of accessibility to a location or other resource in the disciplines of physical security and data security, whereas access management defines the process. ID badges, key fobs, and security personnel are common examples of safety barriers. However, the technique, strategy, and cost of overcoming difficulties in ensuring physical security might all be very different.
An innovative strategy is required for more complex access restrictions. Physical validation technologies such as Identity card readers and near-field communication ID cards can be used by security teams to verify the identities of people entering and departing various locations. Some European businesses have lately experimented with implanting near-field-communication microchips beneath their employees' skin, making it exceedingly impossible to falsify or duplicate their credentials. Given the level of severe discomfort and bodily worry, invasive gadgets like these are less popular with labor unions.
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Physical Security Market Dynamics:
- The rising occurrences of violent crimes and safety breaches are the sinister drivers of the physical security market.
The increasing crime levels and domestic terrorism have raised worries about the protection and wellbeing of assets, individuals, and systems. These rising attacks have resulted in the loss of multiple people's lives and significant infrastructure destruction, emphasizing the necessity for physical security measures. Terrorist activity has been on the rise across the world, as per the U.S. State Department.
- Higher initial installation costs of security systems are one of the major restraints of the market.
Because of the implementation of high-quality equipment, the original investment and operating costs of utilizing physical security systems are considerable. Due to financial restrictions, Small and Medium-sized enterprises are hesitant to adopt modern technology and prefer to stick with old security software, which hamplers the physical security market growth. Furthermore, corporations emphasize the security of just important servers and pay little attention to dormant data in the database. As a result, a lack of proper money remains a major worry for physical security experts in carrying out their IT security activities efficiently.
- The threat to individual privacy is the key challenge in the physical security market.
Surveillance systems in locations e.g. roads, parking spaces, parks, forms of transportation, retail establishments, financial firms, and workplaces are frequently considered as an infringement of secrecy and are criticized by many civil rights organizations and activists. Concerns have been raised about who views the video and how it may be used or exploited, as consumers want their private details to be utilized exclusively for legal and defined purposes. Governments and private-sector organizations should issue guidelines to lessen the effects of surveillance systems on user privacy. This is considerable challenge in the growth physical security market.
Physical Security Market Segment Analysis:
By Organization Size, the SMEs held about 47.5% share of the physical security market in 2023. SME segment is expected to witness the highest CAGR of 12.3% in the aforementioned forecast period.
When it concerns the deployment of physical security technologies, Small and Medium-sized enterprises frequently face resource restrictions, particularly monetary resources and technical knowledge. To stay in line with legal requirements, SMEs are increasingly turning to physical security services and infrastructure. The time-consuming administrative and conventional technique of validating consumer IDs is inefficient.
Physical Security Market is boosting with high growth rate as it is straightforward, transparent, reduced cost, seamless, and safe option for SMEs looking to fulfill their expanding demands. Government agencies are also taking steps to encourage SMEs in their various nations to implement physical security measures. Due to lack of resources, IT staff shortages, and budget restrictions, SMEs are more susceptible to security fraud and are looking forward to implementing physical security software to save cost, time, resources, and commodities.
Dangerous cybercriminals and Persistent threat organizations are widely exploiting the COVID-19 outbreak, placing SMEs at risk of phishing schemes and ransomware assaults. Small and medium-sized businesses are critical contributors to a country's economic progress. SMEs are suffering an increase in cyberattacks as a result of the broad shift to remote labor, as seen by the COVID-19 outbreak.
Physical Security Market Regional Insights:
North America is made up of developed nations with well-established foundations and modern technologies. The United States and Canada, with their greatest economies in North America, are the leading contributors to the North American physical security market. Concerning secure networks and technical progress, North America is by far the most advanced and flexible continent.
Physical security solutions have been used at a rapid pace throughout the region. In recent years, federal engagement has intensified in response to rising worries about the security of essential telecommunications infrastructure and sensitive information. The overall safety of the region's network infrastructures is controlled by a number of safety-related legally-mandated policies.
The purpose of this research is to provide stakeholders in the industry with a thorough insight into the Physical Security Market. The study includes an analysis of difficult data in simple language, as well as the industry's historical and current state, as well as anticipated market size and trends. The market report examines all segments of the industry, with a focus on significant players such as market leaders, followers, and new entrants. The report includes a PORTER, PESTEL analysis as well as the possible influence of microeconomic market determinants. External and internal elements that are expected to have a favorable or negative impact on the firm have been examined, providing decision-makers with a clear future vision of the industry. The research also aids in comprehending the Physical Security Market dynamics and structure by studying market segments and forecasting market size. The research is an investor's guide since it depicts the competitive analysis of major competitors in the Physical Security Market by product, price, financial situation, product portfolio, growth plans, and geographical presence.
Breakthroughs in the Physical Security industry are discussed, as well as organic and inorganic growth plans. Various companies are focusing on organic growth strategies such as new product releases, product approvals, and other items such as patents and events. Inorganic growth strategies used in the industry included acquisitions, partnerships, and collaborations.
Physical Security Market Scope:
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Physical Security Market |
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Market Size in 2023 |
USD 123.02 Bn. |
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Market Size in 2030 |
USD 193.70 Bn. |
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CAGR (2024-2030) |
6.7 % |
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Historic Data |
2018-2022 |
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Base Year |
2023 |
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Forecast Period |
2024-2030 |
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Segment Scope |
By Component
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By Organization Size
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By Vertical
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Regional Scope |
North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Physical Security Market Players:
- ADT
- Cisco
- Honeywell
- Johnson Controls
- TELUS
- Anixter
- Genetec
- Bosch Building Technology Solutions
- HID Global
- Pelco
- Hikvision
- Gallagher
- SECOM
- Allied Universal
- Zhejiang Dahua Technology
- STANLEY Security
- Axis Communications
Frequently Asked Questions
The rising occurrences of violent crimes and safety breaches are the sinister drivers of the physical security market.
The key players are ADT, Cisco, etc.
SME segment is expected to witness the highest CAGR of 12.3% in the aforementioned forecast period.
Chapter 1 Scope of the Report
Chapter 2 Research Methodology
2.1. Research Process
2.2. Global Physical Security Market: Target Audience
2.3. Global Physical Security Market: Primary Research (As per Client Requirement)
2.4. Global Physical Security Market: Secondary Research
Chapter 3 Executive Summary
Chapter 4 Competitive Landscape
4.1. Market Share Analysis, By Value, 2023-2030
4.1.1. Market Share Analysis, By Region, By Value, 2023-2030 (In %)
4.1.1.1. North America Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.2. Europe Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.3. Asia Pacific Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.4. South America Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.5. Middle East and Africa Market Share Analysis, By Value, 2023-2030 (In %)
4.1.2. Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.1. North America Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.1.1. USA Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.1.2. Canada Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.1.3. Mexico Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.2. Europe Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.2.1. UK Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.2.2. France Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.2.3. Germany Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.2.4. Italy Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.2.5. Spain Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.2.6. Sweden Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.2.7. Austria Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.2.8. Rest of Europe Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.3. Asia Pacific Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.3.1. China Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.3.2. India Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.3.3. Japan Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.3.4. South Korea Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.3.5. Australia Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.3.6. ASEAN Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.3.7. Rest of APAC Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.4. South America Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.4.1. Brazil Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.4.2. Argentina Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.4.3. Rest of South America Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.5. Middle East and Africa Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.5.1. South Africa Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.5.2. GCC Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.5.3. Egypt Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.5.4. Nigeria Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.2.5.5. Rest of Middle East and Africa Market Share Analysis, By Organization Size, By Value, 2023-2030 (In %)
4.1.3. Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.1. North America Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.1.1. USA Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.1.2. Canada Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.1.3. Mexico Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.2. Europe Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.2.1. UK Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.2.2. France Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.2.3. Germany Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.2.4. Italy Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.2.5. Spain Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.2.6. Sweden Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.2.7. Austria Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.2.8. Rest of Europe Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.3. Asia Pacific Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.3.1. China Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.3.2. India Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.3.3. Japan Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.3.4. South Korea Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.3.5. Australia Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.3.6. ASEAN Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.3.7. Rest of APAC Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.4. South America Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.4.1. Brazil Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.4.2. Argentina Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.4.3. Rest of South America Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.5. Middle East and Africa Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.5.1. South Africa Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.5.2. GCC Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.5.3. Egypt Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.5.4. Nigeria Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.3.5.5. Rest of Middle East and Africa Market Share Analysis, By Component, By Value, 2023-2030 (In %)
4.1.4. Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.1. North America Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.1.1. USA Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.1.2. Canada Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.1.3. Mexico Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.2. Europe Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.2.1. UK Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.2.2. France Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.2.3. Germany Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.2.4. Italy Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.2.5. Spain Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.2.6. Sweden Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.2.7. Austria Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.2.8. Rest of Europe Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.3. Asia Pacific Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.3.1. China Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.3.2. India Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.3.3. Japan Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.3.4. South Korea Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.3.5. Australia Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.3.6. ASEAN Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.3.7. Rest of APAC Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.4. South America Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.4.1. Brazil Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.4.2. Argentina Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.4.3. Rest of South America Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.5. Middle East and Africa Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.5.1. South Africa Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.5.2. GCC Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.5.3. Egypt Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.5.4. Nigeria Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.1.4.5.5. Rest of Middle East and Africa Market Share Analysis, By Vertical, By Value, 2023-2030 (In %)
4.2. Stellar Competition matrix
4.2.1. Global Stellar Competition Matrix
4.2.2. North America Stellar Competition Matrix
4.2.3. Europe Stellar Competition Matrix
4.2.4. Asia Pacific Stellar Competition Matrix
4.2.5. South America Stellar Competition Matrix
4.2.6. Middle East and Africa Stellar Competition Matrix
4.3. Key Players Benchmarking
4.3.1. Key Players Benchmarking By Organization Size, Pricing, Market Share, Investments, Expansion Plans, Physical Presence and Presence in the Market.
4.4. Mergers and Acquisitions in Industry
4.4.1. M&A by Region, Value and Strategic Intent
4.5. Market Dynamics
4.5.1. Market Drivers
4.5.2. Market Restraints
4.5.3. Market Opportunities
4.5.4. Market Challenges
4.5.5. PESTLE Analysis
4.5.6. PORTERS Five Force Analysis
4.5.7. Value Chain Analysis
Chapter 5 Global Physical Security Market Segmentation: By Organization Size
5.1. Global Physical Security Market, By Organization Size, Overview/Analysis, 2023-2030
5.2. Global Physical Security Market, By Organization Size, By Value, Market Share (%), 2023-2030 (USD Billion)
5.3. Global Physical Security Market, By Organization Size, By Value, -
5.3.1. SMEs
5.3.2. Large enterprises
Chapter 6 Global Physical Security Market Segmentation: By Component
6.1. Global Physical Security Market, By Component, Overview/Analysis, 2023-2030
6.2. Global Physical Security Market Size, By Component, By Value, Market Share (%), 2023-2030 (USD Billion)
6.3. Global Physical Security Market, By Component, By Value, -
6.3.1. Systems
6.3.2. Services
Chapter 7 Global Physical Security Market Segmentation: By Vertical
7.1. Global Physical Security Market, By Vertical, Overview/Analysis, 2023-2030
7.2. Global Physical Security Market Size, By Vertical, By Value, Market Share (%), 2023-2030 (USD Billion)
7.3. Global Physical Security Market, By Vertical, By Value, -
7.3.1. BFSI
7.3.2. Government
7.3.3. Retail
7.3.4. Transportation
7.3.5. Residential
7.3.6. Telecom and IT
7.3.7. Other
Chapter 8 Global Physical Security Market Segmentation: By Region
8.1. Global Physical Security Market, By Region – North America
8.1.1. North America Physical Security Market Size, By Organization Size, By Value, 2023-2030 (USD Billion)
8.1.2. North America Physical Security Market Size, By Component, By Value, 2023-2030 (USD Billion)
8.1.3. North America Physical Security Market Size, By Vertical, By Value, 2023-2030 (USD Billion)
8.1.4. By Country – U.S.
8.1.4.1. U.S. Physical Security Market Size, By Organization Size, By Value, 2023-2030 (USD Billion)
8.1.4.2. U.S. Physical Security Market Size, By Component, By Value, 2023-2030 (USD Billion)
8.1.4.3. U.S. Physical Security Market Size, By Vertical, By Value, 2023-2030 (USD Billion)
8.1.4.4. Canada Physical Security Market Size, By Value, 2023-2030 (USD Billion)
8.1.4.5. Mexico Physical Security Market Size, By Value, 2023-2030 (USD Billion)
8.2. Europe Physical Security Market Size, By Value, 2023-2030 (USD Billion)
8.2.1. UK
8.2.2. France
8.2.3. Germany
8.2.4. Italy
8.2.5. Spain
8.2.6. Sweden
8.2.7. Austria
8.2.8. Rest of Europe
8.3. Asia Pacific Physical Security Market Size, By Value, 2023-2030 (USD Billion)
8.3.1. China
8.3.2. India
8.3.3. Japan
8.3.4. South Korea
8.3.5. Australia
8.3.6. ASEAN
8.3.7. Rest of APAC
8.4. Middle East and Africa Physical Security Market Size, By Value, 2023-2030 (USD Billion)
8.4.1. South Africa
8.4.2. GCC
8.4.3. Egypt
8.4.4. Nigeria
8.4.5. Rest of Middle East and Africa
8.5. South America Physical Security Market Size, By Value, 2023-2030 (USD Billion)
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Rest of South America
Chapter 9 Company Profiles
9.1. Key Players
9.1.1. ADT
9.1.1.1. Company Overview
9.1.1.2. Tube Portfolio
9.1.1.3. Financial Overview
9.1.1.4. Business Strategy
9.1.1.5. Key Developments
9.1.2. Cisco
9.1.3. Honeywell
9.1.4. Johnson Controls
9.1.5. TELUS
9.1.6. Anixter
9.1.7. Genetec
9.1.8. Bosch Building Technology Solutions
9.1.9. HID Global
9.1.10.Pelco
9.1.11.Hikvision
9.1.12.Gallagher
9.1.13.SECOM
9.1.14.Allied Universal
9.1.15.Zhejiang Dahua Technology
9.1.16.STANLEY Security
9.1.17.Axis Communications
9.2. Key Findings
9.3. Recommendations
