Physical Security Market Size to Hit USD 192.9 Billion by 2030

According to the report published by Allied Market Research, the global physical security market size was valued at $104.6 billion in 2020, and is estimated to reach $192.9 billion by 2030, registering a CAGR of 6.5% from 2021 to 2030. The research offers a detailed analysis of changing market dynamics, key winning strategies, major segments, top investment pockets, players' positioning, and competitive scenario.

Increase in terrorism activities, surge in awareness regarding personal security, and technological advancements drive the growth of the global physical security market. However, concerns regarding privacy and lack of physical & logical security integration hinder the market growth. On the other hand, high demand in smart cities creates new opportunities in the coming years.

Download Sample Report (Get Full Insights in PDF - 285 Pages) at: https://www.alliedmarketresearch.com/request-sample/2231

The report offers a detailed segmentation of the global physical security market based on type, industry vertical, and region.

Based on type, the services segment contributed to the highest market share in terms of revenue in 2016, and will maintain its highest contribution throughout the forecast period. However, the system segment is projected to register the highest CAGR from 2017 to 2023.

Based on industry vertical, the education, healthcare, retail, energy & utilities, manufacturing & industrial segment collectively garnered the highest revenue share in 2016, and will maintain its dominance during the forecast period. However, the residential sector is estimated to witness the highest growth rate by 2023.

For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/2231

Based on region, North America is the largest supplier of physical security solutions across the world, and the U.S. leads the global market as compared to other countries. However, Asia-Pacific is expected to register a considerable growth throughout the forecast period. China leads the market in Asia-Pacific.

Top players of the global physical security market analyzed in the report include Anixter International Inc., Cisco Systems, Inc., Tyco International PLC., Stanley Security, ADT Corporation, Genetec Inc., Bosch Security Systems, Inc., Honeywell International, Inc., and Senstar Corporation.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2231

Access Full Summary at: https://www.alliedmarketresearch.com/physical-security-market

Key Findings of the Study -

• By component, the services segment accounted for the largest physical security market share in 2020.
• By region, North America generated highest revenue in 2020 in physical security industry
• By enterprise size, large enterprise segment is expected to generate more revenue in the physical security market forecast in 2020.

LIMITED-TIME OFFER - Buy Now & Get Exclusive Discount on this Report: https://bit.ly/3WlDbrX

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

This release was published on openPR.