According to Market Research Future, the global Physical Security market was valued at USD 126.8 billion in 2022 and is projected to reach USD 206.3 billion by 2030, growing at a robust CAGR of 7.2% over the forecast period from 2023 to 2030.
Driven by escalating concerns over global terrorism, rising crime rates, and the rapid expansion of smart city infrastructure, physical security solutions are undergoing a digital transformation. The integration of Artificial Intelligence (AI) and the Internet of Things (IoT) is shifting the market from passive monitoring to proactive threat detection and automated response.
Key Market Drivers
- Rising Security Threats and Terrorism: Increased geopolitical tensions and domestic security concerns have prompted governments and private enterprises to modernize their surveillance and access control frameworks to protect critical infrastructure.
- Technological Advancements in AI and Analytics: Modern security systems now leverage AI-driven video analytics for facial recognition, behavioral analysis, and automated object detection, significantly reducing manual monitoring requirements.
- Smart City Initiatives and Urbanization: Rapid urban development in emerging economies is driving the deployment of integrated security networks that combine traffic management, public surveillance, and emergency response systems.
- Convergence of Physical and Cybersecurity: As physical security devices become networked (IoT), organizations are increasingly adopting integrated platforms that manage both physical breaches and digital vulnerabilities simultaneously.
- Regulatory Compliance and Safety Mandates: Strict government regulations regarding workplace safety, data center protection, and public space security are compelling industries to invest in certified physical security solutions.
