Physical Security Market to Witness Astonishing Growth by 2029

Physical security market is anticipated to grow at a significant CAGR of 6.2% during the forecast period. The increasing crime rates and the rising terrorist activities have increased the concerns over the safety and security of assets, people, and processes. These growing attacks have taken to the loss of numerous human lives and extreme damage to infrastructure, highlighting the requirements for physical security solutions. However, organizations prioritize securing only critical servers and do not give much surveillance to resting data in the database. Thus, the deficiency of an adequate budget continues to be an important concern for physical security professionals to effectively conduct their IT security operations.

Growing attacks of theft and robbery during COVID-19 has instantly increased the demand for physical security, followed by other issues such as the growing need for surveillance involving physical security systems and services. Furthermore, many companies are still working in WFH and hybrid work models, the demand for physical security for security assessments is further expected to increase for effective security across the globe.

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Physical Security Market Segmentation

By System

Video Surveillance
Access & Entrance Control
Perimeter Intrusion Detection & Prevention
Consumer Video Surveillance
Wireless Infrastructure

By Services

Remote Monitoring Services
Security Systems Integration

By Application

BFSI
Commercial
Government
Residential
Transportation
Others (Education, Healthcare, Retail, And Energy & Utilities)

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Regional Analysis                                                                                                                                                                            

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

ADT
Allied Universal
Anixter, Inc.
Arthur J. Gallagher & Co.
Axis Communications AB.
Bosch Sicherheitssysteme GmbH
Dahua Technology Co., Ltd
General Dynamics Corp
Genetec Inc.
Hangzhou Hikvision Digital Technology Co., Ltd.
Hanwha Techwin
Hexagon AB
HID Global Corp
Honeywell International Inc.
Johnson Controls. 
Pelco Corp.
SECOM CO., LTD.
STANLEY CONVERGENT SECURITY SOLUTIONS, INC.
Teledyne FLIR LLC
TELUS

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