Physical Security Market by Systems (Access Control, Video Surveillance, Physical Security Information Management (PSIM), 3D Screening & Scanning, and Screening & Scanning), Services (System Integration, Maintenance and Support, Designing and Consulting, and Others), End User (Government & Public Sector, Transportation & Logistics, Telecom & IT, BFSI, Retail, Education, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026524 | Pages: 100 | Industry: Electronics and Semiconductor | Date: Sep 2022 | Type: Global

Physical security market is expected to cross US$ 109.7 billion mark in 2022 and is projected to hit US$ 185.7 billion by 2030, recording a CAGR of 6.8% during the forecast period.

 

Physical security market has been significantly growing with the emerging needs to keep organization safe

Organizations have the threat of being attacked by robbers or natural disasters. The physical attacks can be anything, from accessing restricted areas to accessing terminals where they have no access. Attackers not only damage physical properties but can also damage IT assets such as storage media or servers, can steal confidential information from USB, or upload any virus into the systems. One such example of physical security issue was reported in the Chicago colocation site, where robbers robbed the site four times in two years and stole 20 servers the fourth time. Thus, rising concerns to save organizations from such incidents are adopting physical security, which drives the growth of the physical security market.

By systems, the physical security market is segmented into access control, video surveillance, and physical security information management (PSIM). Based on systems, the market is bifurcated into 3D screening & scanning and screening & scanning. Based on end user, the market is segmented into government & public sector, transportation & logistics, telecom & IT, BFSI, retail, education, and others. Geographically, the physical security market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Physical security has become a requirement to keep the organization safe from man-made or natural disasters

Rising cases of relocation, terrorism, and natural disasters such as fire, earthquakes, tsunami and others are the factors that are influencing organizations to opt for physical security solutions. Public properties, government associations and enterprises are the victims for terrorist attacks compared to other facilities. Physical security is necessary to protect any organization's data, systems, people, and infrastructure.

Rising adoption in various industries is one of the major factors accelerating the physical security market growth.

The end users in the physical security market are the government & public sector, transportation & logistics, telecom & IT, BFSI, retail, education, and others. Within these end users, BFSI is one such industry, exposed to several physical threats such as thefts and robbery at social engineering, ATMs, and public access. With evolving technologies, banks and financial institutions have options to secure their space and operations and reduce physical threats. Thus, the increasing usage of physical security in the abovementioned end user industries is driving the growth of the physical security market.

Recent strategic developments in physical security market

The physical security market has undergone several significant developments, and a few of these have been mentioned below:

  • In September 2022, Genetec showcased its unified physical security in Intersec Saudi Arabia 2022.
  • In November 2021, Honeywell launched Pro-Watch 5.5, new version of its integrated security suite.

 

The physical security market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Anixter International Inc.; Cisco Systems, Inc.; CSC; EMC Corporation; Genetec; Honeywell International; Hewlett Packard; IBM Corporation; Lockheed Martin; Schneider Electric SA are among the prominent players operating in the physical security market.

Target audience for the physical security market report:

  • Software providers
  • Physical security providers
  • Physical security-related service providers
  • Government agencies
  • End users of physical security

Scope of the report:

In this report, the physical security market has been segmented on the basis of:

  • Systems
    • Access Control
    • Video Surveillance
    • Physical Security Information Management (PSIM)
    • 3D Screening and Scanning
    • Screening and Scanning
  • Services
  • System Integration
  • Maintenance & Support
  • Designing & Consulting
  • Others

 

  • End User
  • Government & Public Sector
  • Transportation & Logistics
  • Telecom & IT
  • BFSI
  • Retail
  • Education
  • Others

 

  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa

 

  • Companies profiled
    • Honeywell International
    • Hewlett Packard
    • IBM Corporation
    • Lockheed Martin
    • Schneider Electric SA

Companies profiled
- Honeywell International
- Hewlett Packard
- IBM Corporation
- Lockheed Martin
- Schneider Electric SA


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