The physical security market refers to the market for products and services that are used to secure physical assets and facilities, such as buildings, infrastructure, and transportation systems. This includes products such as surveillance cameras, access control systems, alarms, and other security systems, as well as services such as security consulting and security guard services. The market is expected to grow in the coming years due to an increasing focus on security and safety, as well as advancements in technology that are making security systems more advanced and effective.
During the forecast period of 2022 to 2032, the physical security market is anticipated to expand gradually at a value CAGR of 6.3%. This market was anticipated to have a global market valuation of US$ 117 billion earlier in 2021 and is anticipated to reach US$ 229.11 billion by 2032. Physical security methods are used to protect equipment and structures. To keep technology and data secure, physical security breaches and dangers must also be avoided in addition to network and cyber security. The workers and professors who have access to the building likewise hold this to be true.
The structure is guarded against terrorism, fire, robbery, natural calamities, and vandalism. The system is made up of several interconnected levels, including access control, locks, security guards, and CCTV surveillance.
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Competitive Landscape
The top companies in the market provide diverse solutions to cater to various applications in order to gain a larger market share. Moreover, companies seek to improve their market share through mergers, acquisitions, and strategic alliances. This is why they pursue various strategic initiatives, such as partnerships, mergers and acquisitions, collaborations, and the development of new products and technologies. These companies provide systems and services to a wide range of end-user industries.
Demand Analysis for the Physical Security Sector from 2017 to 2021 vs. Future Outlook from 2022 to 2032
A market research and competitive intelligence company called Future Market Insights anticipated that the physical security sector will develop at a CAGR of 5.9% between 2017 and 2021.
The necessity to protect the physical environment from things like crime, potential burglaries, vandalism, theft, and fire disasters is one of the major drivers anticipated to drive the market over the forecast period.Recent years have seen the adoption of cloud storage, sophisticated analytics, increasing spending on security to safeguard organisations’ most valuable assets, as well as technological developments in access control and video monitoring.
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Key Segments Covered in the Physical Security Market Report
Physical Security Market by Component Type:
- Physical Security Systems
- Physical Access Control System (PACS)
- Perimeter Intrusion Detection and Prevention
- Video Surveillance System
- Physical Security Information Management (PSIM)
- Fire and Life Safety
- Physical Identity & Access Management (PIAM)
- Physical Security Services
- Remote Monitoring
- System Integration
- Others
- Other Physical Security Components
Physical Security Market by Organization Size:
- Physical Security for SMEs
- Physical Security for Large Enterprises
Physical Security Market by End Users:
- Physical Security for Transportation
- Physical Security for Banking & Finance
- Physical Security for Government
- Physical Security for Utility & Energy
- Physical Security for Industrial Use
- Physical Security for Residential Use
- Physical Security for Retail
- Physical Security for Hospitality
- Physical Security for Commercial Use
- Physical Security for Other End Users
Physical Security Market by Region:
- North America Physical Security Market
- Europe Physical Security Market
- Asia Pacific Physical Security Market
- Middle East & Africa Physical Security Market
- Latin America Physical Security Market
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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