AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
LONDON, GREATER LONDON, UNITED KINGDOM, June 23, 2025 /EINPresswire.com/ -- The physical security report describes and explains the physical security market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global physical security market reached a value of nearly $122.50066 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.93% since 2019. The market is expected to grow from $122.50066 billion in 2024 to $171.85168 billion in 2029 at a rate of 7.00%. The market is then expected to grow at a CAGR of 6.47% from 2029 and reach $235.12835 billion in 2034.
What strategies are being adopted by key players in the physical security market?
The key players in the market are adopting extensive strategies in the physical security market such as:
Aims to strengthen business capabilities by forming new partnerships
Focuses on enhancing business capabilities through the launch of new products and solutions
Get The Complete Scope Of The Report
https://www.thebusinessresearchcompany.com/report/physical-security-global-market-report
To take advantage of opportunities, The Business Research Company suggests that physical security companies enhance offerings:
Making strategic investments to drive innovation, broaden product offerings, and enter new regional markets
Emphasizing the adoption of cloud-based security solutions
Developing AI-powered tools to improve real-time threat detection, automate responses, and boost system efficiency
Pursuing strategic partnerships to co-develop advanced technologies
Prioritizing the creation of cutting-edge mobile application solutions
Innovating smart access and automation systems to enhance user safety, convenience, and intelligence
Creating unified, enterprise-grade SaaS solutions for comprehensive business needs
Focusing on product innovation, especially in touchless technology and access control systems
Advancing technologies like Advanced Identity Manager (AIM) for enhanced identity management
What Is Physical Security Market Overview?
Physical security refers to the protection of people, hardware, software, networks, and data from physical actions and events that could cause serious loss or damage to an organization. This includes protection from intrusions, theft, vandalism, natural disasters, and other physical threats. The primary purpose of physical security is to safeguard people and physical assets (like buildings, equipment, and data centers) from physical threats such as unauthorized access or entry, theft or burglary, vandalism or sabotage, fire, flood, and other natural disasters, terrorist or violent attacks.
Complementary products and services include cybersecurity solutions, surveillance systems, access control mechanisms, and emergency response protocols. These systems are implemented through a combination of hardware and software components, integrated to monitor, detect, and respond to potential threats. They are deployed in diverse environments, from urban centers to remote industrial sites, and are produced by specialized security firms and technology providers.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report
https://www.thebusinessresearchcompany.com/sample_request?id=9479&type=smp
Who Are The Major Companies Operating In The Global Physical securitys Market?
The top ten competitors in the market made up to 25.50% of the total market in 2023. Allied Universal Security Services LLC. was the largest competitor with a 4.38% share of the market, followed by:
the Hangzhou Hikvision Digital Technology Co. Ltd.
Secom Co. Ltd.
Securitas AB
Zhejiang Dahua Technology Co. Ltd.
Assa Abloy AB
Johnson Controls International plc
Cisco Systems Inc.
Honeywell International Inc.
Motorola Solutions Inc.
We Offer Customized Report, Click Here
https://www.thebusinessresearchcompany.com/Customise?id=9479&type=smp
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. We have published over 15,000 reports across 27 industries and 60+ geographies. Our research is powered by 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
We provide continuous and custom research services, offering a range of specialized packages tailored to your needs, including Market Entry Research Package, Competitor Tracking Package, Supplier & Distributor Package and much more.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Oliver Guirdham
The Business Research Company
+44 20 7193 0708
[email protected]
Visit us on social media:
LinkedIn
Facebook
X
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
