Physical Security Global Market 2023 - By Key Players, Regional Analysis, Growth Opportunities, Industry Challenges And Outlook By 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Physical Security Market Size, Growth Rate, And Forecast

The global physical security market size is expected to grow from $109.96 billion in 2022 to $117.90 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global physical security market is expected to grow to $152.73 billion in 2027 at a CAGR of 6.7%.

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Physical Security Market Drivers

The increasing incidents of terrorist attacks are expected to boost the growth of the physical security market going forward. A terrorist attack refers to the use of violence or threats to instill fear among a large audience. Physical security provides robust security by preventing the unauthorized access of terrorists and will help in minimizing terror attacks, as a result, increasing incidents of terrorist attacks are expected to boost the physical security market.

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Physical Security Market Segments

• By Component: Systems, Services
• By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
• By End-User: Transportation, Government, Banking And Finance, Utility And Energy, Residential, Industrial, Retail, Commercial, Hospitality, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Physical Security market.

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Physical Security Market Key Players

Major competitors in the Physical Security market include ADT Inc., Cisco Systems Inc., Honeywell International Inc., Johnson Controls, Anixter Inc., Genetec Inc.

The Business Research Company's "Global Physical Security Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Physical Security Market Include:

1. Executive Summary
2. Physical Security Market Characteristics
3. Physical Security Market Trends And Strategies
4. Physical Security Market - Macro Economic Scenario
5. Physical Security Market Size And Growth
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26. Africa Physical Security Market
27. Physical Security Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Physical Security Market
29. Physical Security Market Future Outlook and Potential Analysis
30. Appendix

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