The global physical security market size is expected to be worth around US$ 180.0 billion by 2030, according to a new report by Vision Research Reports.
The global physical security market size was valued at US$ 115.9 billion in 2020 and is anticipated to grow at a CAGR of 8.5% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | USD 180.0 billion by 2030 |
| Growth Rate | CAGR of 8.5% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Component, systems, services, end use |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Hangzhou Hikvision Digital Technology Co., Ltd.; Honeywell International, Inc.; Genetec Inc.; Cisc Systems Inc.; Axis Communications AB; Pelco; Robert Bosch GmbH; Johnson Control International Plc; ADT LLC |
Growth Factors
safeguarding the physical perimeter and individual assets, including expensive technological equipment, has gained importance and is driving the market growth. Increasing awareness about securing the perimeter in developing economies has led to a rise in deployment of IP-based cameras in residential societies as well as commercial complexes and offices. Furthermore, increasing terror threats, border disputes, and refugee crises drive the adoption of stringent safety measures, thereby driving the physical security market growth.
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Key Players
Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International, Inc.; Genetec Inc.; Cisc Systems Inc.; Axis Communications AB; Pelco; Robert Bosch GmbH; Johnson Control International Plc; and ADT LLC.
Market Segmentation
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In this study, the years considered to estimate the market size of Physical Security are as follows:
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
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