Physical Security market Growth at a CAGR of 8.5% from 2021 to 2030
The Physical Security market is projected to reach US$ 180.0 Bn by 2030. And registering a CAGR of around 8.5% over the forecast period 2021 – 2030
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Growth Factors
safeguarding the physical perimeter and individual assets, including expensive technological equipment, has gained importance and is driving the market growth. Increasing awareness about securing the perimeter in developing economies has led to a rise in deployment of IP-based cameras in residential societies as well as commercial complexes and offices. Furthermore, increasing terror threats, border disputes, and refugee crises drive the adoption of stringent safety measures, thereby driving the physical security market growth.
Governments across different countries and regions are taking up smart city initiatives to enhance their infrastructure and are hence deploying improved security systems. Additionally, modernizing the existing infrastructure with robust security measures and strengthening the security of government agencies have been some of the top priorities for governments across developed countries.
Report Coverage
Report Scope | Details |
Market Size | USD 180.0 billion by 2030 |
Growth Rate | CAGR of 8.5% From 2021 to 2030 |
Base Year | 2021 |
Forecast Period | 2021 to 2030 |
Segments Covered | Component, systems, services, end use |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Companies Mentioned | Hangzhou Hikvision Digital Technology Co., Ltd.; Honeywell International, Inc.; Genetec Inc.; Cisc Systems Inc.; Axis Communications AB; Pelco; Robert Bosch GmbH; Johnson Control International Plc; ADT LLC |
By Component Analysis
Based on component, the market has been segmented into systems and services. The systems segment is anticipated to hold the largest share of the market through the forecast period. The growth is primarily attributed to an increase in adoption of video surveillance systems within the residential sector.
The services segment is expected to register a CAGR of over 6.5% from 2020 to 2020. Services comprise deployment, maintenance, and updating of equipment as well as software, which further improves performance by providing the user with optimum control of the complete security infrastructure.
By Systems Analysis
On the basis of systems, the market has been classified into video surveillance, intrusion detection, access control, and exterior security systems. Video surveillance system dominated the market in 2019 with a share of more than 45.0%.
The access control hardware segment is anticipated to witness the highest growth rate over the forecast period. Implementation of mobile access control with readers is likely to improve access control security, thereby enhancing security architecture.
By Services Analysis
Based on services, the market has been segmented into system integration, remote monitoring, and others. The system integration segment accounted for a share of more than 48.0% of the physical security market. The segment is driven by factors such as new technologies, changing approach of customers toward security operations, demand for cost-effective physical security hardware, stringent regulatory compliance, and rapid growth of enterprises.
Wide usage of cloud computing solutions in organizations, increasing automation, and an integrated approach in business processes are projected to drive the implementation of integrated solutions.
By End-use Analysis
Based on end use, the market has been classified into transportation, government, banking and finance, utility and energy, residential, manufacturing and industrial, retail, commercial, hospitality, and others. Residential is projected to register the highest CAGR of 10.4% from 2020 to 2030 due to the high number of damages caused to assets and resources during thefts and other attacks.
Advancements in physical security technology such as IoT, coupled with growing awareness about cyber-attacks among consumers, drives the demand for physical security systems for protecting government and banking institutions.
By Regional Analysis
North America dominated the global market in 2020 and this trend is expected to continue through the forecast period. North America accounts for the highest adoption of advanced physical security systems. The regional market is driven by factors such as strong economic growth, regulatory reforms, and rising investments by SMEs in physical security solutions.
The Asia Pacific market is expected to register the highest CAGR over the forecast period. This growth can be attributed to the increasing demand for smart security solutions across India and China. Significant investments by the Chinese government in safe city projects which primarily focus on city surveillance and traffic monitoring are anticipated to drive market growth.
Key Players
Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International, Inc.; Genetec Inc.; Cisc Systems Inc.; Axis Communications AB; Pelco; Robert Bosch GmbH; Johnson Control International Plc; and ADT LLC.
Market Segmentation
- By Component
- Systems
- Services
- By Systems
- Video Surveillance
- Intrusion Detection
- Access Control
- Exterior Security Systems
- By Services
- System Integration
- Remote Monitoring
- Others
- ByEnd-use
- Transportation
- Government
- Banking & Finance
- Utility & Energy
- Residential
- Manufacturing & Industrial
- Industrial
- Retail
- Commercial
- Hospitality
- Others
- Regional
- North America
- The U.S.
- Canada
- Europe
- The U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Services Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Physical Security Market, By Component
7.1. Physical Security Market, by Component, 2021-2030
7.1.1. Systems
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Services
7.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Physical Security Market, By Systems
8.1. Physical Security Market, by Systems, 2021-2030
8.1.1. Video Surveillance
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Intrusion Detection
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Access Control
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Exterior Security Systems
8.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Physical Security Market, By Services
9.1. Physical Security Market, by Services, 2021-2030
9.1.1. System Integration
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Remote Monitoring
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Others
9.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Physical Security Market, By End-use
10.1. Physical Security Market, by End-use, 2021-2030
10.1.1. Transportation
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Government
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Banking & Finance
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Utility & Energy
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Residential
10.1.5.1. Market Revenue and Forecast (2017-2030)
10.1.6. Manufacturing & Industrial
10.1.6.1. Market Revenue and Forecast (2017-2030)
10.1.7. Industrial
10.1.7.1. Market Revenue and Forecast (2017-2030)
10.1.8. Retail
10.1.8.1. Market Revenue and Forecast (2017-2030)
10.1.9. Commercial
10.1.9.1. Market Revenue and Forecast (2017-2030)
10.1.10. Hospitality
10.1.10.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Physical Security Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Component (2017-2030)
11.1.2. Market Revenue and Forecast, by Systems (2017-2030)
11.1.3. Market Revenue and Forecast, by Services (2017-2030)
11.1.4. Market Revenue and Forecast, by End-use (2017-2030)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Component (2017-2030)
11.1.5.2. Market Revenue and Forecast, by Systems (2017-2030)
11.1.5.3. Market Revenue and Forecast, by Services (2017-2030)
11.1.5.4. Market Revenue and Forecast, by End-use (2017-2030)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Component (2017-2030)
11.1.6.2. Market Revenue and Forecast, by Systems (2017-2030)
11.1.6.3. Market Revenue and Forecast, by Services (2017-2030)
11.1.6.4. Market Revenue and Forecast, by End-use (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Component (2017-2030)
11.2.2. Market Revenue and Forecast, by Systems (2017-2030)
11.2.3. Market Revenue and Forecast, by Services (2017-2030)
11.2.4. Market Revenue and Forecast, by End-use (2017-2030)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Component (2017-2030)
11.2.5.2. Market Revenue and Forecast, by Systems (2017-2030)
11.2.5.3. Market Revenue and Forecast, by Services (2017-2030)
11.2.5.4. Market Revenue and Forecast, by End-use (2017-2030)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Component (2017-2030)
11.2.6.2. Market Revenue and Forecast, by Systems (2017-2030)
11.2.6.3. Market Revenue and Forecast, by Services (2017-2030)
11.2.6.4. Market Revenue and Forecast, by End-use (2017-2030)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Component (2017-2030)
11.2.7.2. Market Revenue and Forecast, by Systems (2017-2030)
11.2.7.3. Market Revenue and Forecast, by Services (2017-2030)
11.2.7.4. Market Revenue and Forecast, by End-use (2017-2030)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Component (2017-2030)
11.2.8.2. Market Revenue and Forecast, by Systems (2017-2030)
11.2.8.3. Market Revenue and Forecast, by Services (2017-2030)
11.2.8.4. Market Revenue and Forecast, by End-use (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Component (2017-2030)
11.3.2. Market Revenue and Forecast, by Systems (2017-2030)
11.3.3. Market Revenue and Forecast, by Services (2017-2030)
11.3.4. Market Revenue and Forecast, by End-use (2017-2030)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Component (2017-2030)
11.3.5.2. Market Revenue and Forecast, by Systems (2017-2030)
11.3.5.3. Market Revenue and Forecast, by Services (2017-2030)
11.3.5.4. Market Revenue and Forecast, by End-use (2017-2030)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Component (2017-2030)
11.3.6.2. Market Revenue and Forecast, by Systems (2017-2030)
11.3.6.3. Market Revenue and Forecast, by Services (2017-2030)
11.3.6.4. Market Revenue and Forecast, by End-use (2017-2030)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Component (2017-2030)
11.3.7.2. Market Revenue and Forecast, by Systems (2017-2030)
11.3.7.3. Market Revenue and Forecast, by Services (2017-2030)
11.3.7.4. Market Revenue and Forecast, by End-use (2017-2030)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Component (2017-2030)
11.3.8.2. Market Revenue and Forecast, by Systems (2017-2030)
11.3.8.3. Market Revenue and Forecast, by Services (2017-2030)
11.3.8.4. Market Revenue and Forecast, by End-use (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Component (2017-2030)
11.4.2. Market Revenue and Forecast, by Systems (2017-2030)
11.4.3. Market Revenue and Forecast, by Services (2017-2030)
11.4.4. Market Revenue and Forecast, by End-use (2017-2030)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Component (2017-2030)
11.4.5.2. Market Revenue and Forecast, by Systems (2017-2030)
11.4.5.3. Market Revenue and Forecast, by Services (2017-2030)
11.4.5.4. Market Revenue and Forecast, by End-use (2017-2030)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Component (2017-2030)
11.4.6.2. Market Revenue and Forecast, by Systems (2017-2030)
11.4.6.3. Market Revenue and Forecast, by Services (2017-2030)
11.4.6.4. Market Revenue and Forecast, by End-use (2017-2030)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Component (2017-2030)
11.4.7.2. Market Revenue and Forecast, by Systems (2017-2030)
11.4.7.3. Market Revenue and Forecast, by Services (2017-2030)
11.4.7.4. Market Revenue and Forecast, by End-use (2017-2030)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Component (2017-2030)
11.4.8.2. Market Revenue and Forecast, by Systems (2017-2030)
11.4.8.3. Market Revenue and Forecast, by Services (2017-2030)
11.4.8.4. Market Revenue and Forecast, by End-use (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Component (2017-2030)
11.5.2. Market Revenue and Forecast, by Systems (2017-2030)
11.5.3. Market Revenue and Forecast, by Services (2017-2030)
11.5.4. Market Revenue and Forecast, by End-use (2017-2030)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Component (2017-2030)
11.5.5.2. Market Revenue and Forecast, by Systems (2017-2030)
11.5.5.3. Market Revenue and Forecast, by Services (2017-2030)
11.5.5.4. Market Revenue and Forecast, by End-use (2017-2030)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Component (2017-2030)
11.5.6.2. Market Revenue and Forecast, by Systems (2017-2030)
11.5.6.3. Market Revenue and Forecast, by Services (2017-2030)
11.5.6.4. Market Revenue and Forecast, by End-use (2017-2030)
Chapter 12. Company Profiles
12.1. Hangzhou Hikvision Digital Technology Co., Ltd
12.1.1. Company Overview
12.1.2. Component Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Honeywell International, Inc
12.2.1. Company Overview
12.2.2. Component Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Genetec Inc
12.3.1. Company Overview
12.3.2. Component Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Cisc Systems Inc
12.4.1. Company Overview
12.4.2. Component Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Axis Communications AB
12.5.1. Company Overview
12.5.2. Component Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Pelco
12.6.1. Company Overview
12.6.2. Component Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Robert Bosch GmbH
12.7.1. Company Overview
12.7.2. Component Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Johnson Control International Plc
12.8.1. Company Overview
12.8.2. Component Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. ADT LLC
12.9.1. Company Overview
12.9.2. Component Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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