Global Physical Security Market Size & Outlook, 2023-2030
Global physical security market, 2018-2030 (US$M)
Related Markets
Global physical security market highlights
- The global physical security market generated a revenue of USD 136,950.8 million in 2023 and is expected to reach USD 216,429.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.8% by 2030.
- In terms of segment, systems accounted for a revenue of USD 89,301.4 million in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 136,950.8 million |
| Market revenue in 2030 | USD 216,429.6 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Systems |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Systems, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 38.7% of the global physical security market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, France is the fastest growing regional market and is projected to reach USD 8,075.8 million by 2030.
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Physical Security Market Scope
Physical Security Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global physical security market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to physical security market will help companies and investors design strategic landscapes.
Systems was the largest segment with a revenue share of 65.21% in 2023. Horizon Databook has segmented the Global physical security market based on systems, services covering the revenue growth of each sub-segment from 2018 to 2030.
The advent of technological and infrastructural upgrades in emerging economies has given rise to the demand for additional security services. This is due to the growing number of criminal activities and increased terrorism breaches. Thus, it has necessitated robust security involving video surveillance and access control to ease the identification process and reduce the threat of illegal activities.
Moreover, technological advancements such as IoT devices have increased the demand for physical security. Smart security devices serve different functions through a single device, such as video surveillance, alarm notification in case of a security breach, and a wide coverage area with a central control station.
Therefore, it has increased the use of smart security services in banking, residential, commercial, and critical infrastructures such as oil & gas, airports, railways, and many others. Thus, due to the increasing concern for the safety of premises and passengers, the demand for smart security services is anticipated to propel market growth over the next five years.
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Our clientele includes a mix of physical security market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global physical security market , including forecasts for subscribers. This global databook contains high-level insights into Global physical security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global physical security market size, by regions, 2018-2030 (US$M)
Top 10 countries: Physical security market size, 2023 (US$M)
Global physical security market share, by component, 2023 & 2030 (%, US$M)
Physical security market: Opportunity assessment by country
Global physical security market, by region, 2023 (US$M)
Related regional statistics
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