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 set to hold largest revenue share of 39% by 2037 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.