The Physical Security Global Market Report 2023, provides comprehensive information on the physical security market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/physical-security-global-market-report
As per The Business Research Company’s Physical Security Global Market Report 2023, the global physical security market size is expected to grow from $109.96 billion in 2022 to $117.90 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global physical security market is expected to grow to $152.73 billion in 2027 at a CAGR of 6.7%.
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Technological advancement is the key trend gaining popularity in the physical security market. Major companies operating in the physical security market are focusing on developing technologically advanced security systems to sustain their position in the market. For instance, in February 2022, Tuchware, an India-based electronics company launched the Smart Lock vendor, XS series which comes with a hotel management software hotel-XS. The unique feature includes an integrated door lock card management interface in addition to other hotel administration functions such as booking management, personnel management, inventory management, and invoicing. The smart lock is specially created with a single body of stainless steel 304 grade as opposed to mild steel or aluminum alloys, making it the most durable option on the Indian market.
The physical security market is segmented:
1) By Component: Systems, Services
2) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
3) By End-User: Transportation, Government, Banking And Finance, Utility And Energy, Residential, Industrial, Retail, Commercial, Hospitality, Other End Users
North America was the largest region in the physical security market in 2022.
The table of contents in TBRC’s physical security market report includes:
1. Executive Summary
2. Physical Security Market Characteristics
3. Physical Security Market Trends And Strategies
4. Physical Security Market – Macro Economic Scenario
5. Physical Security Market Size And Growth
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26. Africa Physical Security Market
27. Physical Security Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Physical Security Market
29. Physical Security Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- ADT Inc
- Cisco Systems Inc
- Honeywell International Inc
- Johnson Controls
- Anixter Inc
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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