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Global Physical Security Market Size, Share, Analysis: By Component: Systems, Services; By Enterprise Size: Large Enterprises, SMEs; By End-User: Transportation, BFSI, Government, Energy and Utility, Residential, Retail, Healthcare, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Physical Security Market Outlook
The global physical security market size reached approximately USD 124.50 billion in 2023. The market is further projected to grow at a CAGR of 6.5% between 2024 and 2032, reaching a value of USD 220.10 billion by 2032.
Key Trends in the Market
Physical security refers to the act of providing protection to networks and data, personnel, software, and hardware, among others from events and actions that can result in damage or loss to an institution, enterprise, and agency. The components of physical security framework include testing, access control, and surveillance.
- The rising adoption of various systems to enhance security by the healthcare sector is aiding the physical security market growth. Various healthcare institutions are implementing unified security ecosystems to optimise patient experience, increasing return on investment, and enhance staff efficiency through proactive risk reduction.
- The growing threat of terrorist attacks and increasing crime rates are boosting the requirement for physical security solutions from various government institutions across the globe. Due to such concerns the requirement for safety solutions is also increasing from the residential and commercial sectors in order to protect different assets.
- The increasing investments towards the development of technologically advanced devices is providing lucrative growth opportunities to the market. These advancements include innovations in video surveillance systems, integration of sensors, and IoT enabled devices, among others.
Global Physical Security Market Analysis
On the basis of component, the market is bifurcated into systems and services. Systems are sub-divided by type into physical access control system (PACS), video surveillance system, perimeter intrusion detection and prevention, physical security information management (PSIM), physical identity and access management (PIAM), and fire and life safety and services are sub-divided into professional services and managed services.
Based on enterprise size, the market is segregated into large enterprises and SMEs. On the basis of end-user, the market is classified into transportation, BFSI, government, energy and utility, residential, retail, and healthcare, among others. Based on region, the physical security market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Honeywell International Inc.
- Siemens AG
- Johnson Controls International PLC
- Cisco Systems Inc.
- Robert Bosch GmbH
- HID Global Corporation
- GuidePost Solutions LLC
- ADT LLC
- TELUS Communications Inc.
- FaceTec, Inc.
- Others
Market Share by End-User
Residential sector is anticipated to account for a significant physical security market share. This growth can be attributed to increasing threat of breaking and entering and theft. The investments by various building owners towards enhancing the security of residential buildings by incorporating rapid intrusion detection systems, video surveillance systems, and smart access controls is increasing. The growing popularity of smart homes is further bolstering the demand for access control systems and video surveillance from the residential sector.
Market Share by Region
North America is witnessing significant growth owing to the rapid economic expansion and increasing investments in physical security solutions. The growing emphasis on safeguarding the transportation facilities and public infrastructures including bus stations, airports, seaports, and railways, among others are boosting the physical security market demand. Additionally, the demand for advanced physical security solutions is also increasing from the oil and gas sector, nuclear plants, and chemical manufacturing companies.
Competitive Landscape
Honeywell International Inc. is one of the leading manufacturing and technology companies that operates in aerospace, performance materials, and building technologies, among others. The company was founded in 1906 and is headquartered in North Caolina, United States.
Siemens AG is an automation machinery manufacturing company that was founded in 1847 and is headquartered in Munich, Germany. The company specialises in physical security, internet of things, artificial intelligence, and smart buildings, among others.
Johnson Controls International PLC was founded in 1885 and is headquartered in Cork, Ireland. The products provided by the company include video surveillance systems, climate control equipment, fire alarm and suppression systems, and HVAC, among others.
Other physical security market key players include Cisco Systems Inc., Robert Bosch GmbH, HID Global Corporation, GuidePost Solutions LLC, ADT LLC, TELUS Communications Inc., and FaceTec, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Enterprise Size |
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| Breakup by End-User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Physical Security Market Analysis
8.1 Key Industry Highlights
8.2 Global Physical Security Historical Market (2018-2023)
8.3 Global Physical Security Market Forecast (2024-2032)
8.4 Global Physical Security Market by Component
8.4.1 Systems
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Physical Access Control System (PACS)
8.4.1.3.2 Video Surveillance System
8.4.1.3.3 Perimeter Intrusion Detection and Prevention
8.4.1.3.4 Physical Security Information Management (PSIM)
8.4.1.3.5 Physical Identity and Access Management (PIAM)
8.4.1.3.6 Fire and Life Safety
8.4.2 Services
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Type
8.4.2.3.1 Professional Services
8.4.2.3.2 Managed Services
8.5 Global Physical Security Market by Enterprise Size
8.5.1 Large Enterprises
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 SMEs
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Physical Security Market by End-User
8.6.1 Transportation
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 BFSI
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Government
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Energy and Utility
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Residential
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Retail
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Healthcare
8.6.7.1 Historical Trend (2018-2023)
8.6.7.2 Forecast Trend (2024-2032)
8.6.8 Others
8.7 Global Physical Security Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Physical Security Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Physical Security Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Physical Security Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Physical Security Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Physical Security Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Honeywell International Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Siemens AG
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Johnson Controls International PLC
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Cisco Systems Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Robert Bosch GmbH
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 HID Global Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 GuidePost Solutions LLC
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 ADT LLC
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 TELUS Communications Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 FaceTec, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Physical Security Market: Key Industry Highlights, 2018 and 2032
2. Global Physical Security Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Physical Security Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global Physical Security Historical Market: Breakup by Enterprise Size (USD Billion), 2018-2023
5. Global Physical Security Market Forecast: Breakup by Enterprise Size (USD Billion), 2024-2032
6. Global Physical Security Historical Market: Breakup by End-User (USD Billion), 2018-2023
7. Global Physical Security Market Forecast: Breakup by End-User (USD Billion), 2024-2032
8. Global Physical Security Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Physical Security Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Physical Security Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Physical Security Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Physical Security Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Physical Security Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Physical Security Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Physical Security Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Physical Security Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Physical Security Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Physical Security Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Physical Security Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Physical Security Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 124.50 billion in 2023.
The market is projected to grow at a CAGR of 6.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 220.10 billion by 2032.
The major market drivers include rising adoption of various systems to enhance security by the healthcare sector and growing threat of terrorist attacks and increasing crime rates.
The key trends fuelling the growth of the market include rising investments towards the development of technologically advanced devices and increasing threat of breaking and entering and theft.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The end uses of physical security include transportation, BFSI, government, energy and utility, residential, retail, and healthcare, among others.
The key players in the market are Honeywell International Inc., Siemens AG, Johnson Controls International PLC, Cisco Systems Inc., Robert Bosch GmbH, HID Global Corporation, GuidePost Solutions LLC, ADT LLC, TELUS Communications Inc., and FaceTec, Inc., among others.
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