PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1773178
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1773178
The global physical security market size is projected to grow from USD 120.79 billion in 2025 to USD 151.50 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. Rising cases of malicious activities and security breaches on physical systems are making organizations improve their physical security. This includes using advanced surveillance, access controls, and alert systems to stop unauthorized entry and protect property. As these threats grow, physical security is becoming more proactive and responsive to stopping incidents before they happen.
Scope of the Report | |
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Years Considered for the Study | 2020-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Million/USD Billion) |
Segments | By Offering, System, Service, Organization Size, Vertical, and Region |
Regions covered | North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
"By system, the physical identity and access management is expected to grow at the highest CAGR during the forecast period."
Within the systems segment of the physical security market, Physical Identity and Access Management (PIAM) is expected to grow at the highest CAGR during the forecast period. This growth is fueled by the rising need for centralized, policy-based control of physical access across complex and distributed environments. Organizations are increasingly adopting PIAM solutions to streamline identity lifecycle management, automate onboarding and offboarding, ensure regulatory compliance, and enhance security posture. The convergence of IT and physical security, along with the push for zero-trust frameworks, is further accelerating demand for PIAM systems across sectors such as critical infrastructure, healthcare, transportation, and smart buildings.
"By region, North America is expected to dominate the physical security market during the forecast period."
The physical security landscape in North America is evolving rapidly as the region continues to adopt advanced technologies and reinforce critical infrastructure protection. As the most technologically developed region, North America, driven by the US and Canada, leads the global market in physical security solutions. Rising threats to communication systems and sensitive data have spurred strong government involvement, backed by strict regulatory standards such as PCI-DSS, HIPAA, GLBA, SOX, and frameworks from the National Institute of Standards and Technology (NIST).
North America faces some of the highest rates of cyberattacks globally, especially identity-related crimes, fueling demand for robust physical security systems. The region is also home to a high concentration of cybersecurity vendors, further supporting security advancements. Market momentum is reinforced by shifting work environments post-COVID-19, increasing BYOD and IoT usage, and a growing awareness of threats like phishing, BEC, and malware. Organizations are responding with specific budget allocations and mandatory physical security protocols. These trends position North America as the most lucrative region in the global physical security market, led by widespread vendor presence and aggressive technology adoption.
Breakdown of primaries
The key players in the Physical Security market include Johnson Controls (Ireland), Bosch Building Technologies (Germany), Honeywell (US), ADT (US), Cisco (US), Telus (Canada), Wesco (US), Genetec (Canada), HID Global (US), Pelco (US), Hikvision (China), Gallagher (New Zealand), Secom (Japan), Allied Universal (US), Zhejiang Dahua Technology (China), Axis Communications (Sweden), Hanwha Vision America (US), Teledyne Flir (US), Hexagon AB (Sweden), General Dynamics (US), BAE Systems (UK), Huawei (China), NEC (Japan), SmartCone Technologies (Canada), Verkada (US), and Cloudastructure (US)
The study includes an in-depth competitive analysis of the key players in the physical security market, their profiles, recent developments, and key market strategies.
Research Coverage
The report segments the physical security market and forecasts its size by Offering (Systems, Services), by System (Physical Access Control System, Video Surveillance System, Perimeter Intrusion Detection and Prevention, Physical Security Information Management, Physical Identity Access Management, Security Scanning, Imaging and Metal Detection, and Fire and Life Safety), Service (Professional Services and Managed Services), Organization Size (Small and Medium Sized Enterprises (SMEs) and Large Enterprises), Vertical (Banking, Financial Services, and Insurance (BFSI), Healthcare, Government, Retail & Ecommerce, Transportation & Logistics, Residential, Education, Aerospace & Defense, IT & ITES, and Other Verticals (Manufacturing, Energy & Utilities, and Telecom), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).
The study also includes an in-depth competitive analysis of the market's key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help market leaders and new entrants with information on the closest approximations of the revenue numbers for the overall physical security market and its subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.