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Physical Security Market Size & Share, by Component [System {Video Surveillance System; Physical Access Control System (Biometrics, Smart Cards & Readers); Perimeter Intrusion Detection & Prevention; Fire & Life Safety}, Services (Access Control as a Service, Security Systems Integration Services)]; Organization (SME, Large Enterprises); Vertical (Government & Defense, IT) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 2528
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Global Physical Security Market

1. Introduction

1.1. Market Definition

1.2. Market Segmentation

2. Research Methodology

2.1. Variables (Dependent and Independent)

2.2. Multi Factor Based Sensitivity Model

3. Executive Summary- Global Physical Security Market

4. Market Dynamics

4.1. Drivers

4.2. Challenges

4.3. Opportunities

4.4. Trends

5. Assessment of Impact of COVID-19 on Physical Security Market

6. Assessment of Opportunities and Spending For Physical Security Based on-

6.1. Systems

6.2. Services

7. Global Physical Security Market Outlook

7.1. Market Size and Forecast, 2018-2028

7.1.1. By Value (USD Million)

By Component

• System, 2018-2028F (USD Million)

• Video Surveillance System, 2018-2028F (USD Million)

• Cameras, 2018-2028F (USD Million)

• Analog Cameras, 2018-2028F (USD Million)

• IP Cameras, 2018-2028F (USD Million)

• Recorders, 2018-2028F (USD Million)

• Network Video Recorders, 2018-2028F (USD Million)

• Digital Video Recorders, 2018-2028F (USD Million)

• Physical Access Control System, 2018-2028F (USD Million)

• Biometrics, 2018-2028F (USD Million)

• Fingerprint Recognition, 2018-2028F (USD Million)

• Facial Recognition, 2018-2028F (USD Million)

• Others, 2018-2028F (USD Million)

• Locks, 2018-2028F (USD Million)

• Mechanical Locks, 2018-2028F (USD Million)

• Electronic Locks, 2018-2028F (USD Million)

• Smart Cards and Readers, 2018-2028F (USD Million)

• Perimeter Intrusion Detection and Prevention, 2018-2028F (USD Million)

• Security Scanning, Imaging, and Metal Detection, 2018-2028F (USD Million)

• Fire and Life Safety, 2018-2028F (USD Million)

• Others, 2018-2028F (USD Million)

• Services, 2018-2028F (USD Million)

• Access Control as a Service, 2018-2028F (USD Million)

• Video Surveillance as a Service, 2018-2028F (USD Million)

• Remote Monitoring Service, 2018-2028F (USD Million)

• Security Systems Integration Services, 2018-2028F (USD Million)

By Organization Size

• Small and Medium Enterprises (SMEs), 2018-2028F (USD Million)

• Large Enterprises, 2018-2028F (USD Million)

By Vertical

 Government and Defense

Global Manned Guarding Market, 2018-2028F (USD Million)

By Region

• North America, 2018-2028F (USD Million)

   By Component

   By Organization Size

   By Vertical

   By Country

  North America Manned Guarding Market, 2018-2028F (USD Million)

• Mechanical Locks, 2018-2028F (USD Million)

• Electronic Locks, 2018-2028F (USD Million)

• Smart Cards and Readers, 2018-2028F (USD Million)

• Perimeter Intrusion Detection and Prevention, 2018-2028F (USD Million)

• Security Scanning, Imaging, and Metal Detection, 2018-2028F (USD Million)

• Fire and Life Safety, 2018-2028F (USD Million)

• Others, 2018-2028F (USD Million)

• Services, 2018-2028F (USD Million)

• Access Control as a Service, 2018-2028F (USD Million)

• Video Surveillance as a Service, 2018-2028F (USD Million)

• Remote Monitoring Service, 2018-2028F (USD Million)

• Security Systems Integration Services, 2018-2028F (USD Million)

   By Organization Size

   By Vertical

   By Country

• Germany, 2018-2028F (USD Million)

• UK, 2018-2028F (USD Million)

• France, 2018-2028F (USD Million)

• Italy, 2018-2028F (USD Million)

• Spain, 2018-2028F (USD Million)

• Benelux, 2018-2028F (USD Million)

• Nordic, 2018-2028F (USD Million)

• Hungary, 2018-2028F (USD Million)

• Poland, 2018-2028F (USD Million)

• Turkey, 2018-2028F (USD Million)

• Rest of Europe, 2018-2028F (USD Million)

Europe Manned Guarding Market, 2018-2028F (USD Million)

• Asia-Pacific, 2018-2028F (USD Million)

   By Component

   By Organization Size

   By Vertical

   By Country

• China, 2018-2028F (USD Million)

• India, 2018-2028F (USD Million)

• Japan, 2018-2028F (USD Million)

• South Korea, 2018-2028F (USD Million)

• Indonesia, 2018-2028F (USD Million)

• Singapore, 2018-2028F (USD Million)

• Malaysia, 2018-2028F (USD Million)

• Rest of Asia-Pacific, 2018-2028F (USD Million)

Asia-Pacific Manned Guarding Market, 2018-2028F (USD Million)

• Latin America, 2018-2028F (USD Million)

   By Component

   By Organization Size

   By Vertical

   By Country

• Brazil, 2018-2028F (USD Million)

• Mexico, 2018-2028F (USD Million)

• Argentina, 2018-2028F (USD Million)

• Rest of Latin America, 2018-2028F (USD Million)

Latin America Manned Guarding Market, 2018-2028F (USD Million)

• Middle East & Africa, 2018-2028F (USD Million)

   By Component

   By Organization Size

   By Vertical

   By Country

• South Africa, 2018-2028F (USD Million)

• GCC, 2018-2028F (USD Million)

• Israel, 2018-2028F (USD Million)

• Rest of Middle East & Africa, 2018-2028F (USD Million)

Middle East & Africa Manned Guarding Market, 2018-2028F (USD Million)

8. Competitive Landscape

8.1. Bosch Building Technologies

8.2. Honeywell International Inc.

8.3. Cisco Systems Inc.

8.4. Johnson Control International PLC

8.5. Secom Co. Ltd.

8.6. Genetec Inc.

8.7. Axis Communications

8.8. Zhejiang Dahua Technology Co. Ltd

8.9. Securitas AB

8.10. Prosegur Compania De Segurida SA

8.11. Global Security Logistics

8.12. ADT Security Systems

8.13. Anixter, Inc.

8.14. ISS Facility Services

8.15. CBRE Group, Inc.

8.16. Compass Group PLC

8.17. Trane Technologies PLC

8.18. EMCOR Group, Inc.

8.19. Gradaworld Corporation

8.20. G4S PLC

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Physical Security Market size was valued at USD 118.05 billion in 2023 and is expected to reach USD 345.03 billion by 2036, expanding at around 8.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of physical security is assessed at USD 126.17 billion.

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Physical Security Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Focus on Smart Cities Projects
    Smart cities use different kinds of Internet of Things (IoT)-based sensors to collect data for the efficient management of assets, resources and services. IoT technology allows for advanced intelligence and mobility that will make cities more effective in using resources to improve everything including security and surveillance, air quality, water quality, transport, power and communication system. Security and surveillance is one of the main sectors of the smart cities projects which involves a significant amount of investment. There are several smart cities projects going on across the globe which is addressing the need for the installation of physical security solutions for enhancing the security and surveillance of the area. The increasing number of smart cities projects across the globe is one of the major driving factors for the growth of market.
  • Increasing Adoption of Fire Safety Kits in Residential and Commercial Settings
    Backed by the increasing stringent regulations imposed by the government of nations around the world to safeguard human lives, several nations worldwide, such as the US and several European and Asian countries have implemented such laws mandating the installation of fire alarms and smoke detectors in residential and commercial settings. Such a factor is anticipated to drive the growth of the market in the coming years.

Challenges

  • Fear of Product Exploitation Through Hacking
    There is a rising fear for the security of security products such as CCTVs, which work over the internet and are severely prone to hackers. Several number of incidences observed over the years for theft of data by hackers, coupled with factors such as the products being prone to single point of failure and concerns for data privacy are some of the factors anticipated to restrict the growth of the market.

Physical Security Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

8.6%

Base Year Market Size (2023)

USD 118.05 billion

Forecast Year Market Size (2036)

USD 345.03 billion

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
 

 

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Physical Security Segmentation

The global physical security market has been segmented on the basis of vertical into government & defense, BFSI, retail, residential, transportation, IT and others. The government & defense segment with 23.38% market share in the year 2036 held the dominant market share in the global market. Moreover, the segment is anticipated to attain an incremental $ opportunity of USD 435.8 million in the year 2020 as compared to the previous year. On the other hand, the segment is expected to grow by a CAGR of 7.28% during the forecast period.

Our in-depth analysis of the global market includes the following segments:

           Component
  • System
  • Video Surveillance System
  • Physical Access Control System
    • Biometrics,
    • Smart Cards & Readers

             Services
  • Access Control as a Service
  • Security Systems Integration Services

           Organization
  • SME
  • Large Enterprises

           Vertical
  • Government & Defense
  • IT
 

 

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Physical Security Industry - Regional Synopsis

The physical security market is segmented by regions into North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Among these regions, the market of North America industry is estimated to dominate majority revenue share of 39% by 2036 and is driven by U.S. and Canada, where U.S. held the dominant market value of USD 26872.5 million in the year 2018 and is anticipated to register a CAGR of 7.16% during the forecast period. On the other hand, the market in North America is anticipated to achieve an incremental $ opportunity of USD 2763.4 million in the year 2020 as compared to the previous year. Moreover, the market is anticipated to achieve absolute $ opportunity of USD 34954.3 million throughout the forecast period.

On the other hand, the market in Europe is anticipated to grow by 1.80x during the forecast period and reach a value of USD 53335.0 million by the end of 2028 by registering a CAGR of 7.66% during the forecast period.

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Companies Dominating the Physical Security Landscape

    • Bosch Sicherheitssysteme Gmbh, 
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Axis Communications AB, Honeywell International Inc., 
    • Cisco Systems, Inc., 
    • Johnson Controls International PLC, 
    • Secom Co., Ltd., 
    • Genetec Inc., 
    • Zhejiang Dahua Technology Co., Ltd., 
    • Securitas AB
    • Prosegur Compania De Seguridad, SA.

In the News

  • April 2020: Bosch Sicherheitssysteme Gmbh announced the launch of INTEOX, an open camera platform designed to modernize the security and safety industry. The platform is based on built-in intelligent video analytics the next-level machine learning (ML) and artificial intelligence (AI).

  • January 2020: Axis Communications AB announced the launch of new additions to the AXIS P13 Network Camera series that are featured with enhanced security functionality along with the exchangeable lens and support for motorized i-CS lenses, helping the organization overall to expand its product portfolio.

Author Credits:  Abhishek Verma


  • Report ID: 2528
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of physical security is assessed at USD 126.17 billion.

Physical Security Market size was valued at USD 118.05 billion in 2023 and is expected to reach USD 345.03 billion by 2036, expanding at around 8.6% CAGR during the forecast period i.e., between 2024-2036.

North America industry is estimated to dominate majority revenue share of 39% by 2036
Physical Security Market Report Scope

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