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Report
Global Physical Security Market Report and Forecast 2024-2032
Market Report I 2024-04-16 I 170 Pages I EMR Inc.
Global Physical Security Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global physical security market size reached a value of USD 123.80 billion in 2023. Aided by the increasing need for advanced security solutions across various sectors, the market is projected to further grow at a CAGR of 6.6% between 2024 and 2032 to reach a value of USD 221.9 billion by 2032.
Physical security involves the protection of personnel, hardware, software, networks, and data from physical actions and events that could cause serious loss or damage to an enterprise, agency, or institution. This includes protection from fire, flood, natural disasters, burglary, theft, vandalism, and terrorism.
As cities grow and infrastructure expands, the need for robust security solutions to protect these investments increases significantly which fuels the physical security market growth. The integration of artificial intelligence (AI) and machine learning in security systems has enhanced the capability of surveillance and access control systems, making them more efficient and adaptive.
Global increases in terrorist activities, theft, and vandalism have heightened the need for enhanced security measures. The Internet of Things (IoT) is becoming integral to physical security solutions, enabling devices to communicate and operate more efficiently and autonomously.
As per the physical security market analysis, increasing use of mobile devices to access real-time surveillance footage and control security systems remotely. Cloud storage is also becoming more popular for its scalability and accessibility. Greater integration of cybersecurity measures with physical security systems to protect against both digital and physical threats in a cohesive manner.
The use of biometric identifiers such as fingerprints, facial recognition, and iris scans is becoming more prevalent due to their reliability and difficulty in duplicating which fuels the physical security market expansion. More stringent regulations regarding security in critical infrastructure, public areas, and private sectors drive the adoption of advanced physical security solutions.
Drones and robotic systems are being deployed for surveillance and patrolling purposes, especially in areas that are difficult or dangerous for human personnel to access. These technologies can provide real-time video feeds and are equipped with various sensors to enhance their surveillance capabilities.
As per the physical security market outlook, as urban areas evolve into smart cities, there is a growing integration of physical security systems with other municipal services such as traffic management and emergency response systems. This trend enhances overall city management and public safety through a more coordinated approach.
There is a growing demand for environmentally friendly security solutions that minimise energy consumption and reduce carbon footprints. This includes solar-powered surveillance systems and energy-efficient security infrastructure, which can contribute to the overall physical security market share.
Edge computing is being used to process data directly at the source of data generation (i.e., surveillance cameras). This reduces latency, decreases the burden on central servers, and enhances the speed and efficiency of data processing and decision-making in security systems.
Cloud-based security services are gaining traction in the physical security market, allowing organisations to subscribe to security services on-demand without the need for significant capital investment in hardware. This model provides scalability, flexibility, and cost-efficiency, making advanced security accessible to a broader range of users.
Enhancements in facial recognition technologies are improving their accuracy and speed, which enhances security measures, particularly in public spaces and critical infrastructures. This technology is also being integrated into other systems like retail and hospitality for both security and customer service enhancements.
In response to health concerns raised by the COVID-19 pandemic, there is an increased adoption of touchless and frictionless security systems, such as contactless fingerprint scanners and IRIS recognition, which reduce the need for physical contact.
Market Segmentation
The market can be divided based on component, enterprise size, end-user, and region.
Market Breakup by Component
- Systems
o Physical Access Control System (PACS)
o Video Surveillance System
o Perimeter Intrusion Detection and Prevention
o Physical Security Information Management (PSIM)
o Physical Identity and Access Management (PIAM)
o Fire and Life Safety
- Services
o Professional Services
o Managed Services
Market Breakup by Enterprise Size
- Large Enterprises
- SMEs
Market Breakup by End-User
- Transportation
- BFSI
- Government
- Energy and Utility
- Residential
- Retail
- Healthcare
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global physical security market. Some of the major players explored in the report by Expert Market Research are as follows:
- 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
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual 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
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