Press Release

A USD 112.2 Billion Global Physical Security Market to Flourish at a CAGR of Around 7.1% During 2025-30

The Global Physical Security Market size was valued at around USD 112.2 billion in 2023 and is projected to reach around USD 145.3 billion by 2030. Along with this, the market is anticipated to grow at a CAGR of around 7.1% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in their recent research report. The market for physical security is growing gradually across the globe which is backed up by changes in technology and the increasing demand for better security measurements in organizations. Cooperating with the trends that management of any organization strives to protect their property, information, and people, sophisticated systems like security cameras, physical security systems, and intrusion systems have become popular. In addition, the growing technology of smart cities, digital structures, and IoT boosts the market as these technologies need physical security and protection from hacking or intrusion.

Another driver to the growth & expansion of the market is the adoption of Artificial Intelligence (AI) and Machine learning (ML) with physical security solutions for better monitoring and detection of threats and improved response mechanisms. Also, the increase in cloud security solutions provides the advantages of flexibility and growing issues of scalability, which are attractive to all types of organizations.

However, the physical security industry should continue to grow steadily as firms use partnerships and acquisitions to add products to their portfolios and increase their market share. The growing need for security across industries, especially government, banking, healthcare, and retail industries guarantees the growth of the market in coming years, further states the research report, “Global Physical Security Market Analysis, 2025.”

Global Physical Security Market Segmentation Analysis

Physical Access Control System (PACS) Holds a Major Market Share

Based on the system type, the market is further bifurcated into Video Surveillance Systems, Perimeter Intrusion Detection and Prevention, Physical Security Information Management (PSIM), Physical Identity & Access Management (PIAM), and Fire and Life Safety, Physical Access Control System (PACS), and others. PACS segment currently leads the market for physical security with the largest market share.

However, as more organizations require greater levels of security and adhere to new prescribed measures, the role of PACS is expected to evolve. Some of the technologies used in PACS systems that affect the security and the friendly user solutions dominating the market now include; Openness through interfaces to third-party applications, inpatient identity, mobile access systems, and IoT connectivity. The rising need to have immediate visibility and the ability to address related occurrences expeditiously is one of the factors demanding the implementation of PACS in various sectors.

Asia-Pacific Leads the Physical Security Industry

Global Physical Security Market research report reveals that there are significant growth opportunities in other parts of the world in the coming years. However, there was a prediction that this growth will be triggered by the Asia-Pacific region, where China will be ahead and India will be one of the largest growing markets. Factors that have given such growth include the; high need for better security consistent with the increasing number of wealthy people, and the markets for luxury products. Additionally, technology advancements that improve safety and security in metropolitan and other places also support market growth and expansion. Asia-Pacific is therefore expected to dominate the physical security market, but other regions are also expected to see notable revenue development in the years to come.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies including Honeywell International Inc., Johnson Controls, Cisco Systems Inc., Bosch Building Technologies, TELUS, Axis Communications AB, Genetec Inc., ADT LLC, Siemens, Hangzhou Hikvision Digital Technology Co., Ltd., Dahua Technology Co., Ltd., Pelco, Inc., SECOM Plc, HID Global Corporation, WESCO International and others looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & solution adoption?
5. How has the competition been shaping up across various regions?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?