Global Physical Security Market 2023-2027

The physical security market is forecast to grow by USD 46.29 billion during 2022-2027, accelerating at a CAGR of 6.85% during the forecast period. This report on the physical security market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing concerns about terrorism and crime, high adoption of physical security across all business segments, and increasing demand in smart cities.

The analyst's physical security market is segmented as below:

By Type

• Hardware and software
• Services

By End-user

• Large enterprises
• SMEs

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the integration of IoT in physical security as one of the prime reasons driving the physical security market growth during the next few years. Also, increasing demand for UHD video surveillance and increasing adoption of the as-a-service model will lead to sizable demand in the market.

This report on the physical security market covers the following areas:

• Physical security market sizing
• Physical security market forecast
• Physical security market industry analysis

The analyst's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading physical security market vendors that include Allied Universal, Canon Inc., Cisco Systems Inc., Corps of Commissionaires Management Ltd., Genetec Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Honeywell International Inc., Huawei Technologies Co. Ltd., ICTS International NV, Johnson Controls International Plc, KBR Inc., Motorola Solutions Inc., NEC Corp., Robert Bosch GmbH, Schneider Electric SE, Securitas AB, Stanley Black and Decker Inc., WESCO International Inc., Zhejiang Dahua Technology Co. Ltd., and Kastle Systems International LLC. Also, the physical security market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The analyst's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.