Physical Security Market size to grow by USD 46.29 billion from 2022 to 2027, The increasing concerns about terrorism and crime to drive market growth - Technavio

NEW YORK, May 15, 2023 /PRNewswire/ -- The physical security market is set to grow by USD 46.29 billion from 2022 to 2027. The market is expected to be progressing at a CAGR of 6.85% during the forecast period. Discover physical security industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!

The physical security market covers the following areas:

Physical Security Market Sizing
Physical Security Market Forecast
Physical Security Market Analysis

Physical Security Market - Vendor Landscape

The global physical security market is highly fragmented, with the presence of numerous vendors. Intense competition exists among the vendors as they try to obtain more market shares in their respective countries. Players in the market compete with each other by providing differentiated products based on quality or service. The physical security market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Companies Mentioned

• Allied Universal
• Canon Inc.
• Cisco Systems Inc.
• Corps of Commissionaires Management Ltd.
• Genetec Inc.
• Hangzhou Hikvision Digital Technology Co. Ltd.
• Honeywell International Inc.
• Huawei Technologies Co. Ltd.
• ICTS International NV
• Johnson Controls International Plc
• KBR Inc.
• Motorola Solutions Inc.
• NEC Corp.
• Robert Bosch GmbH
• Schneider Electric SE
• Securitas AB
• Stanley Black and Decker Inc.
• WESCO International Inc.
• Zhejiang Dahua Technology Co. Ltd.
• Kastle Systems International LLC

What's New? - 

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial -?Buy the report!

Vendor Offerings

• Canon Inc. - The company offers antivirus software which is designed to stop viruses, spyware and malware with multiple layers of protection in order to protect laptops.
• Genetec Inc. - The company offers antivirus software which is designed to provide malware, ransomware and phishing protection on PC and laptops.
• Hangzhou Hikvision Digital Technology Co. Ltd. - The company offers antivirus software which is designed to provide malware protection and application firewall service.

For the market's vendor landscape highlights with a comprehensive list of vendors and their offerings - View Sample in a minutes

Physical Security Market - Key Market Segmentation

This physical security market report extensively covers market segmentation by type (hardware and software, and services), end-user (large enterprises and SMEs), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

• The market share growth by the hardware and software segment will be significant for overall market growth during the forecast period. Hardware includes various physical security items such as alarms, access control systems, surveillance cameras, and more, which are made to improve physical security measures, offer ongoing monitoring and defend against potential dangers. The software includes a number of security options, which include software for access control and video management. These solutions offer advanced analytics and reporting capabilities along with managing and watching over hardware devices. Hence, such factors drive the segment growth during the forecast period.

View Sample Report in minutes The report comprises of various segments as well as analysis of the trends and factors that are playing a substantial role in the market.

Regional Market Outlook

North America is estimated to account for 32% of the global market growth during the forecast period. North America is also estimated to have the largest revenue share in the global market, with the US leading the region's contribution. It is followed by Canada. The North American market covers a wide range of industries, which include government, military, law enforcement, commercial, and residential. It also offers a variety of goods and services to safeguard people, assets, and property. Factors such as increased demand for video surveillance systems, rising adoption of smart home technology, and increased focus on cybersecurity drive the growth of the regional market during the forecast period. 

For more key highlights on the regional market share of most of the above-mentioned countries.- View Sample Report

Physical Security Market - Market Dynamics

Key Drivers

• The increasing concerns about terrorism and crime are the major driving factors for the market growth. 
• Governments, companies, and individuals all look for ways to protect their resources, property, and people as global terrorism and crime have increased.
• A wide variety of goods and services are available in the market, which is intended to stop unauthorized access, identify and stop threats, and deal with security incidents.
• Systems for perimeter security, intrusion detection, access control, video surveillance, and more are some of the goods and services offered.
• Hence, the demand for comprehensive and dependable security solutions in a world that is getting more complex and interconnected is expected to fuel the growth of the market during the forecast period.

Major trends

• The increasing demand for UHD video surveillance is an emerging trend influencing market growth. 
• With the advent of 4K video surveillance cameras, UHD video surveillance and security monitoring are expected to become popular choices. Moreover, it meets the demand for more storage space.
• It also has a feature that can record continuously. This feature is similar to a conventional high-definition (HD) camera. But, this camera's average daily storage capacity for a 1080p recording at 15 frames per second (FPS) is 45 GB.
• In comparison to a conventional closed-circuit television (CCTV) camera, this has nearly twice the bandwidth and storage capacity.
• Hence, such trends boost the market growth during the forecast period.

Significant Challenges

• The high initial investment is a major challenge that may hinder market growth. 
• Some businesses find it challenging to bear the initial cost of an IT infrastructure investment. It can reach tens of thousands of dollars.
• This results in the industry has seen fewer new entrants. The amount spent on reputable vendors also sharply rises.
• In addition, the cost to replace and upgrade software and physical security equipment is very high.
• Hence, such high costs challenge the growth of the market during the forecast period.

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Related Reports:
The cloud security solutions market study is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analyzing the growth of 8.11% and a CAGR of 15.16% with a market size of USD 8.63 billion during the period of 2021 to 2026. Furthermore, this report extensively covers the cloud security solutions market segmentation by end-user (BFSI, healthcare, retail, government, and others), component (cloud IAM, cloud e-mail security, cloud DLP, cloud IDS/IPS, and cloud SIEM), and geography (North America, Europe, APAC, the Middle East and Africa, and South America). The regulatory requirements encouraging the use of security solutions globally are notably driving the cloud security solutions market growth.

The security services market size in India is expected to decrease by USD 8.23 billion from 2021 to 2026, at a CAGR of 13.37%. Furthermore, this report extensively covers the security services market segmentation in India by location (South India, West India, North India, and East India) and end-user (commercial buildings, residential buildings, and industrial buildings). The economic development of the nation is notably driving the security services market growth in India.

Key Topics Covered:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global physical security market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global physical security market 2017 - 2021 ($ billion)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.3 End-user Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Hardware and software - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Hardware and software - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Hardware and software - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Hardware and software - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Hardware and software - Year-over-year growth 2022-2027 (%)

• 6.4 Services - Market size and forecast 2022-2027
• Exhibit 38: Chart on Services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Services - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Services - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ billion)
• Exhibit 43: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 46: Chart on Comparison by End-user
• Exhibit 47: Data Table on Comparison by End-user

• 7.3 Large enterprises - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Large enterprises - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Data Table on Large enterprises - Market size and forecast 2022-2027 ($ billion)
• Exhibit 50: Chart on Large enterprises - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Large enterprises - Year-over-year growth 2022-2027 (%)

• 7.4 SMEs - Market size and forecast 2022-2027
• Exhibit 52: Chart on SMEs - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Data Table on SMEs - Market size and forecast 2022-2027 ($ billion)
• Exhibit 54: Chart on SMEs - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on SMEs - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by End-user 
• Exhibit 56: Market opportunity by End-user ($ billion)
• Exhibit 57: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027
• Exhibit 91: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027
• Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ billion)
• Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Allied Universal 
• Exhibit 111: Allied Universal - Overview
• Exhibit 112: Allied Universal - Product / Service
• Exhibit 113: Allied Universal - Key offerings

• 12.4 Canon Inc. 
• Exhibit 114: Canon Inc. - Overview
• Exhibit 115: Canon Inc. - Business segments
• Exhibit 116: Canon Inc. - Key offerings
• Exhibit 117: Canon Inc. - Segment focus

• 12.5 Cisco Systems Inc. 
• Exhibit 118: Cisco Systems Inc. - Overview
• Exhibit 119: Cisco Systems Inc. - Business segments
• Exhibit 120: Cisco Systems Inc. - Key news
• Exhibit 121: Cisco Systems Inc. - Key offerings
• Exhibit 122: Cisco Systems Inc. - Segment focus

• 12.6 Corps of Commissionaires Management Ltd.
• Exhibit 123: Corps of Commissionaires Management Ltd. - Overview
• Exhibit 124: Corps of Commissionaires Management Ltd. - Product / Service
• Exhibit 125: Corps of Commissionaires Management Ltd. - Key offerings

• 12.7 Genetec Inc. 
• Exhibit 126: Genetec Inc. - Overview
• Exhibit 127: Genetec Inc. - Product / Service
• Exhibit 128: Genetec Inc. - Key offerings

• 12.8 Hangzhou Hikvision Digital Technology Co. Ltd.
• Exhibit 129: Hangzhou Hikvision Digital Technology Co. Ltd. - Overview
• Exhibit 130: Hangzhou Hikvision Digital Technology Co. Ltd. - Product / Service
• Exhibit 131: Hangzhou Hikvision Digital Technology Co. Ltd. - Key offerings

• 12.9 Honeywell International Inc. 
• Exhibit 132: Honeywell International Inc. - Overview
• Exhibit 133: Honeywell International Inc. - Business segments
• Exhibit 134: Honeywell International Inc. - Key news
• Exhibit 135: Honeywell International Inc. - Key offerings
• Exhibit 136: Honeywell International Inc. - Segment focus

• 12.10 Huawei Technologies Co. Ltd. 
• Exhibit 137: Huawei Technologies Co. Ltd. - Overview
• Exhibit 138: Huawei Technologies Co. Ltd. - Business segments
• Exhibit 139: Huawei Technologies Co. Ltd. - Key news
• Exhibit 140: Huawei Technologies Co. Ltd. - Key offerings
• Exhibit 141: Huawei Technologies Co. Ltd. - Segment focus

• 12.11 ICTS International NV 
• Exhibit 142: ICTS International NV - Overview
• Exhibit 143: ICTS International NV - Business segments
• Exhibit 144: ICTS International NV - Key offerings
• Exhibit 145: ICTS International NV - Segment focus

• 12.12 Johnson Controls International Plc
• Exhibit 146: Johnson Controls International Plc - Overview
• Exhibit 147: Johnson Controls International Plc - Business segments
• Exhibit 148: Johnson Controls International Plc - Key news
• Exhibit 149: Johnson Controls International Plc - Key offerings
• Exhibit 150: Johnson Controls International Plc - Segment focus

• 12.13 Kastle Systems International LLC 
• Exhibit 151: Kastle Systems International LLC - Overview
• Exhibit 152: Kastle Systems International LLC - Product / Service
• Exhibit 153: Kastle Systems International LLC - Key offerings

• 12.14 Robert Bosch GmbH 
• Exhibit 154: Robert Bosch GmbH - Overview
• Exhibit 155: Robert Bosch GmbH - Business segments
• Exhibit 156: Robert Bosch GmbH - Key news
• Exhibit 157: Robert Bosch GmbH - Key offerings
• Exhibit 158: Robert Bosch GmbH - Segment focus

• 12.15 Stanley Black and Decker Inc. 
• Exhibit 159: Stanley Black and Decker Inc. - Overview
• Exhibit 160: Stanley Black and Decker Inc. - Business segments
• Exhibit 161: Stanley Black and Decker Inc. - Key news
• Exhibit 162: Stanley Black and Decker Inc. - Key offerings
• Exhibit 163: Stanley Black and Decker Inc. - Segment focus

• 12.16 WESCO International Inc. 
• Exhibit 164: WESCO International Inc. - Overview
• Exhibit 165: WESCO International Inc. - Business segments
• Exhibit 166: WESCO International Inc. - Key offerings
• Exhibit 167: WESCO International Inc. - Segment focus

• 12.17 Zhejiang Dahua Technology Co. Ltd.
• Exhibit 168: Zhejiang Dahua Technology Co. Ltd. - Overview
• Exhibit 169: Zhejiang Dahua Technology Co. Ltd. - Business segments
• Exhibit 170: Zhejiang Dahua Technology Co. Ltd. - Key offerings
• Exhibit 171: Zhejiang Dahua Technology Co. Ltd. - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 172: Inclusions checklist
• Exhibit 173: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 174: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 175: Research methodology
• Exhibit 176: Validation techniques employed for market sizing
• Exhibit 177: Information sources

• 13.5 List of abbreviations 
• Exhibit 178: List of abbreviations

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