How Big is the Physical Security Market?
The Global Physical Security Market size was valued at around USD 112.2 billion in 2023 and is projected to reach around USD 145.3 billion by 2030. Along with this, the market is anticipated to grow at a CAGR of around 7.1% during the forecast period, i.e., 2025-2030. This growth is expected to be driven by the rising emphasis on protecting individuals and assets through advanced surveillance systems, the use of biometrics in security, and the general concern for security around the globe across multiple industries. These factors are contributing to the growth of the physical security industry because organizations around the globe are concerned about security and new developments in security systems.
Market Statistics
- Market Size in 2024: USD 112.2 billion
- Market Size By 2030: USD 145.3 billion
- Market Growth Rate (CAGR): 7.1% from 2025-2030
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Physical Security Market Insight:
Driver-
Increasing Security Concerns Technological Advancements – Ongoing crime, acts of terror, and concerns regarding safety at the workplace are recognized as a necessity for having better means of safeguarding organizations. The development of technology such as Artificial intelligence, the Internet of Things, and cloud-based solutions. The increasing utilization of smart structures and biometric authentication systems in diverse sectors is also boosting market growth. For instance;
- In January 2024, Ilustra Standard Gen3 is the latest smart security line that was recently unveiled to the market by Johnson Controls, a US-based global player offering smart security solutions. This line was developed and built in India where the company attained more than 75% indigenization as espoused by the Make in India policy.
Also, the demand for conforming to the security standards and protecting the physical assets in the upper-med priority areas of concern including government services, health care facilities, and finance has quickly grown the need for total security solutions. Due to the integration with newer regions such as Asia-Pacific and the Middle East, the physical security market can witness healthy growth in the upcoming years.
Physical Security Market Segmentation:
The report has segmented the market into the following categories:
By Component
- Hardware- Market Size Forecast 2020-2030, USD Million
- Cameras- Market Size Forecast 2020-2030, USD Million
- Biometrics RFID Devices- Market Size Forecast 2020-2030, USD Million
- Sensors- Market Size Forecast 2020-2030, USD Million
- Smoke Detectors- Market Size Forecast 2020-2030, USD Million
- Alarms- Market Size Forecast 2020-2030, USD Million
- Others- Market Size Forecast 2020-2030, USD Million
- Software- Market Size Forecast 2020-2030, USD Million
- Video Management Software (VMS)- Market Size Forecast 2020-2030, USD Million
- Physical Security Information Management (PSIM)- Market Size Forecast 2020-2030, USD Million
- Access Control Management Software- Market Size Forecast 2020-2030, USD Million
- Services- Market Size Forecast 2020-2030, USD Million
- Professional Services- Market Size Forecast 2020-2030, USD Million
- Maintenance and Support- Market Size Forecast 2020-2030, USD Million
- Consulting Services- Market Size Forecast 2020-2030, USD Million
- Training and Education- Market Size Forecast 2020-2030, USD Million
- Others- Market Size Forecast 2020-2030, USD Million
- Managed Services- Market Size Forecast 2020-2030, USD Million
- Remote Monitoring Services- Market Size Forecast 2020-2030, USD Million
- Security System Integration- Market Size Forecast 2020-2030, USD Million
- Others- Market Size Forecast 2020-2030, USD Million
- Professional Services- Market Size Forecast 2020-2030, USD Million
By System Type
- Physical Access Control System (PACS)- Market Size Forecast 2020-2030, USD Million
- Video Surveillance System- Market Size Forecast 2020-2030, USD Million
- Perimeter Intrusion Detection and Prevention- Market Size Forecast 2020-2030, USD Million
- Physical Security Information Management (PSIM)- Market Size Forecast 2020-2030, USD Million
- Physical Identity Access Management (PIAM)- Market Size Forecast 2020-2030, USD Million
- Fire and Life Safety- Market Size Forecast 2020-2030, USD Million
- Others- Market Size Forecast 2020-2030, USD Million
By Enterprise Size
- SMEs- Market Size Forecast 2020-2030, USD Million
- Large Enterprises- Market Size Forecast 2020-2030, USD Million
By End User
- BFSI- Market Size Forecast 2020-2030, USD Million
- Healthcare- Market Size Forecast 2020-2030, USD Million
- Government- Market Size Forecast 2020-2030, USD Million
- Retail eCommerce- Market Size Forecast 2020-2030, USD Million
- Transportation Logistics- Market Size Forecast 2020-2030, USD Million
- Hospitality- Market Size Forecast 2020-2030, USD Million
- Residential- Market Size Forecast 2020-2030, USD Million
- Education- Market Size Forecast 2020-2030, USD Million
- IT ITeS- Market Size Forecast 2020-2030, USD Million
- Others- Market Size Forecast 2020-2030, USD Million
By Region
- North America
- South America
- Europe
- The Middle East Africa
- Asia-Pacific
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Competitive Landscape:
- Honeywell International Inc.
- Johnson Controls
- Cisco Systems Inc.
- Bosch Building Technologies
- TELUS
- Axis Communications AB
- Genetec Inc.
- ADT LLC
- Siemens
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Dahua Technology Co., Ltd
- Pelco, Inc.
- SECOM Plc
- HID Global Corporation
- WESCO International
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key Highlights of the Report:
- Market Performance (2025-2030)
- Strategic Recommendations
- Current, Historical and Future Market Trends
- Market Drivers and Leading Competitor
- SWOT Analysis
- Structure of the Market
- Comprehensive Mapping and Recent Advancement
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