The global Physical Security Market was valued at USD 102.7 billion in 2021 and is projected to reach USD 161.8 billion by 2030, growing at a CAGR of 6.4% during the forecast period. The market is driven by rising security concerns, increased adoption of AI-based surveillance, and growing demand for integrated security solutions across industries.
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Market Segmentation:
By Component:
Systems
Services
By System Type:
Physical Access System
Video Surveillance System
Perimeter Intrusion and Detection
Physical Security Information Management
Others
By Service Type:
Access Control as a Service (ACaaS)
Video Surveillance as a Service (VSaaS)
Remote Monitoring Services
Security Systems Integration Services
Others
By Enterprise Size:
Large Enterprises
SMEs
By Industry Vertical:
BFSI
Government
Retail
Transportation
Residential
IT and Telecom
Others
Rising cases of theft, terrorism, and cyber-physical threats are pushing organizations to invest in advanced security systems. The shift towards cloud-based security solutions and biometric access control is further boosting the market.
North America leads the market due to heavy investments in security infrastructure, while Asia-Pacific is experiencing rapid growth due to increasing urbanization and smart city projects. The COVID-19 pandemic accelerated the adoption of touchless access control systems and AI-driven surveillance, shaping the future of physical security solutions.
