PUBLISHER: IMARC | PRODUCT CODE: 1451631
PUBLISHER: IMARC | PRODUCT CODE: 1451631
Physical Security Market Report by Component, Enterprise Size, Industry Vertical, and Region 2024-2032
The global physical security market size reached US$ 124.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 211.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5.9% during 2024-2032.
Physical security protects physical assets, personnel, software, hardware, networks, and property from physical actions and events that could cause profound loss or damage. Some of these instances include natural disasters, burglary, fire, floods, robbery, vandalism, terrorism, and theft. It involves the use of multiple layers of interdependent systems, including perimeter intrusion detection, access control, security systems, locks, deterrent systems, fire protection, CCTV surveillance, and security guards. Physical security assists in tracking security breaches, preventing unauthorized access to facilities, and maintaining trust and confidence. As a result, physical security finds extensive applications across the transportation, retail, information technology (IT), telecommunications and banking, financial services, and insurance (BFSI) industries.
Physical Security Market Trends:
Increasing security concerns and a surge in terror attacks across the globe are creating a positive outlook for the market. Governments of various countries are focusing on installing advanced video surveillance and access control systems to prevent terrorism, crime incidents, and severe damage to infrastructure and people. Additionally, the growing utilization of drones, smart fence sensors, and mass notification systems (MNS) for surveillance at major events or assemblies is favoring the market growth. Apart from this, the integration of artificial intelligence (AI) to identify potential areas of compromise while analyzing images, videos, and other data to differentiate threats from standard activities are providing an impetus to the market growth. Moreover, the increasing awareness about physical security solutions in residential spaces owing to the increasing theft and robbery incidences is acting as another growth-inducing factor. Furthermore, the installation of automated home security solutions for door locking and intruder, fire, and LPG gas leakage detections are positively influencing the market growth. Other factors, including increasing digitization, widespread adoption of cloud-based data storage, and the rising demand for video surveillance solutions for efficient monitoring of large areas, are supporting the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global physical security market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, enterprise size and industry vertical.
Breakup by Component:
System
Services
Breakup by Enterprise Size:
Large Enterprises
Small and Medium-sized Enterprises
Breakup by Industry Vertical:
Retail
Transportation
Residential
IT and Telecom
BFSI
Government
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ADT LLC, Assa Abloy AB, Axis Communications AB (Canon Inc.), Cisco Systems Inc., Genetec Inc., Hangzhou Hikvision Digital Technology Co. Ltd. (China Electronics Technology Group Corporation), Honeywell International Inc., Johnson Controls International, Pelco Incorporated (Motorola Solutions Inc.), Robert Bosch GmbH (Robert Bosch Stiftung GmbH), Senstar Corporation, Siemens AG and STANLEY Convergent Security Solutions Inc. (Stanley Black & Decker Inc.).
Key Questions Answered in This Report
- 1. What was the size of the global physical security market in 2023?
- 2. What is the expected growth rate of the global physical security market during 2024-2032?
- 3. What are the key factors driving the global physical security market?
- 4. What has been the impact of COVID-19 on the global physical security market?
- 5. What is the breakup of the global physical security market based on the component?
- 6. What is the breakup of the global physical security market based on enterprise size?
- 7. What is the breakup of the global physical security market based on the industry vertical?
- 8. What are the key regions in the global physical security market?
- 9. Who are the key players/companies in the global physical security market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Physical Security Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 System
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Services
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Enterprise Size
- 7.1 Large Enterprises
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Small and Medium-sized Enterprises
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Industry Vertical
- 8.1 Retail
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Transportation
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Residential
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 IT and Telecom
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 BFSI
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Government
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 8.7 Others
- 8.7.1 Market Trends
- 8.7.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 ADT LLC
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Assa Abloy AB
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Axis Communications AB (Canon Inc.)
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Cisco Systems Inc.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Genetec Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Hangzhou Hikvision Digital Technology Co. Ltd. (China Electronics Technology Group Corporation)
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Honeywell International Inc.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Johnson Controls International
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Pelco Incorporated (Motorola Solutions Inc.)
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Robert Bosch GmbH (Robert Bosch Stiftung GmbH)
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Senstar Corporation
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Siemens AG
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.13 STANLEY Convergent Security Solutions Inc. (Stanley Black & Decker Inc.)
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.1 ADT LLC
List of Figures
- Figure 1: Global: Physical Security Market: Major Drivers and Challenges
- Figure 2: Global: Physical Security Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Physical Security Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Physical Security Market: Breakup by Component (in %), 2023
- Figure 5: Global: Physical Security Market: Breakup by Enterprise Size (in %), 2023
- Figure 6: Global: Physical Security Market: Breakup by Industry Vertical (in %), 2023
- Figure 7: Global: Physical Security Market: Breakup by Region (in %), 2023
- Figure 8: Global: Physical Security (System) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Physical Security (System) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Physical Security (Services) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Physical Security (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Physical Security (Large Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Physical Security (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Physical Security (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Physical Security (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Physical Security (Retail) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Physical Security (Retail) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Physical Security (Transportation) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Physical Security (Transportation) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Physical Security (Residential) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Physical Security (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Physical Security (IT and Telecom) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Physical Security (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Physical Security (BFSI) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Physical Security (BFSI) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Physical Security (Government) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Physical Security (Government) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Global: Physical Security (Other Industry Verticals) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Global: Physical Security (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: North America: Physical Security Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: North America: Physical Security Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: United States: Physical Security Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: United States: Physical Security Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Canada: Physical Security Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Canada: Physical Security Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Asia-Pacific: Physical Security Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Asia-Pacific: Physical Security Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: China: Physical Security Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: China: Physical Security Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Japan: Physical Security Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Japan: Physical Security Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: India: Physical Security Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: India: Physical Security Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: South Korea: Physical Security Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: South Korea: Physical Security Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Australia: Physical Security Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Australia: Physical Security Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Indonesia: Physical Security Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Indonesia: Physical Security Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Others: Physical Security Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Others: Physical Security Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: Europe: Physical Security Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: Europe: Physical Security Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: Germany: Physical Security Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: Germany: Physical Security Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: France: Physical Security Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: France: Physical Security Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: United Kingdom: Physical Security Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: United Kingdom: Physical Security Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Italy: Physical Security Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Italy: Physical Security Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Spain: Physical Security Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Spain: Physical Security Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Russia: Physical Security Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Russia: Physical Security Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Others: Physical Security Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Others: Physical Security Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Latin America: Physical Security Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Latin America: Physical Security Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Brazil: Physical Security Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Brazil: Physical Security Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Mexico: Physical Security Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Mexico: Physical Security Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Others: Physical Security Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Others: Physical Security Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 76: Middle East and Africa: Physical Security Market: Sales Value (in Million US$), 2018 & 2023
- Figure 77: Middle East and Africa: Physical Security Market: Breakup by Country (in %), 2023
- Figure 78: Middle East and Africa: Physical Security Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 79: Global: Physical Security Industry: SWOT Analysis
- Figure 80: Global: Physical Security Industry: Value Chain Analysis
- Figure 81: Global: Physical Security Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Physical Security Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Physical Security Market Forecast: Breakup by Component (in Million US$), 2024-2032
- Table 3: Global: Physical Security Market Forecast: Breakup by Enterprise Size (in Million US$), 2024-2032
- Table 4: Global: Physical Security Market Forecast: Breakup by Industry Vertical (in Million US$), 2024-2032
- Table 5: Global: Physical Security Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Physical Security Market: Competitive Structure
- Table 7: Global: Physical Security Market: Key Players
