Physical Security Market Expected to Reach $136.9 Billion by 2028
The global physical security market size is projected to grow from USD 110.2 billion in 2023 to USD 136.9 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 4.4% during the forecast period.
The growth in the use of IP-based cameras for video surveillance and the rise in instances of malicious activities and security breaches to physical systems drive the growth of the physical security...
Phenomenal Future Growth of Physical Security
The growth of the Physical Security Market can be attributed to the increasing demand of physical security measure to protect against incidences of terror attack. Controlling access of personnel to protect the assets of business, employees and customers is considered as a critical factor for the growth of physical security.
The use of advanced physical security techniques such as video surveillance...
Physical Security Market to maintain its Steady Pace- What it means
Denying unauthorized access is a vital step in the process of maintaining security of various resources, personnel, equipment and property. All these resources have constant threats from different elements, including theft, espionage and terrorist attacks. Global physical security market deals with multiple levels of security systems ranging from security guards to high-tech technological surveillance...