This Physical Security Market report has been prepared by considering several fragments of the present and upcoming market scenario. The market insights gained through this market research analysis report facilitates more clear understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The market insights covered in Magnet report simplifies managing marketing of goods and services effectively.

Global physical security market size was valued at USD 128.86 billion in 2023 and is projected to reach USD 236.75 billion by 2031, with a CAGR of 7.9% during the forecast period of 2024 to 2031.

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Market Overview:

The increasing necessity to safeguard physical environments against burglaries, theft, vandalism, and fire incidents is a significant driver fueling market growth in the physical security technology sector. Moreover, advancements in technology, particularly in integrated video, sensors, and access systems for IoT-enabled devices, are expected to stimulate further market expansion. For instance, Intel Corp.'s utilization of a software-based IoT platform to manage its physical security devices exemplifies this trend, contributing to the growth trajectory of the market.

Some of the major players operating in the Physical Security Market are

Cisco Systems Inc. (U.S.), Honeywell International Inc. (U.S.), Johnson Controls (Ireland), TELUS (Canada), Genetec Inc. (Canada), Bosch Sicherheitssysteme GmbH (Germany), HID Global Corporation, ASSA ABLOY(U.S.), Pelco, Inc. (U.S.), Hangzhou Hikvision Digital Technology Co., Ltd. (China), Arthur J. Gallagher & Co. (New Zealand), SECOM Plc (Japan), Allied Universal  (U.S.), Dahua Technology (U.S.), STANLEY CONVERGENT SECURITY SOLUTIONS, INC. (U.S.), Axis Communications AB. (Sweden), Hanwha Techwin America. (U.S.), Teledyne FLIR LLC (U.K.), Hexagon AB (Sweden) among others.

Global Physical Security Market Scope

The market is segmented on the basis of mode of component, systems type, service type, organization size and vertical. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

· Systems

· Services

System Type

· Physical Access Control System (PACS)

· Video Surveillance System

· Perimeter Intrusion Detection and Prevention

· Physical Security Information Management (PSIM)

· Physical Identity and Access Management (PIAM)

· Security Scanning

· Imaging, and Metal Detection

· Fire and Life Safety

Service Type

· Access Control as a Service (ACaaS)

· Video Surveillance as a Service (VSaaS)

· Remote Monitoring Services

· Security Systems Integration Services

Organization Size

· SMEs

· Large Enterprises

Vertical

· Banking, Financial Services and Insurance (BFSI)

· Government

· Retail

· Transportation

· Residential

· Telecom and Information Technology (IT)

· Others

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Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Physical Security Market Landscape

Part 04: Global Physical Security Market Sizing

Part 05: Global Physical Security Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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