North America Physical Security Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

North America Physical Security Industry Overview

The North American physical security market is fragmented as it is highly competitive and consists of several players. The companies in the market continuously try to increase their market presence by introducing new products, expanding their operations, or entering into strategic mergers and acquisitions, partnerships, and collaborations. Some of the major players include Bosch Security Systems GmbH, Genetec Inc., Honeywell International Inc., Dahua Technology Co. Ltd, Axis Communications AB, Genetec Inc., Hangzhou Hikvision Digital Technology Co. Ltd, and Johnson Controls.

• September 2023: Suprema America and BioConnect agreed to establish a collaborative sales and support structure to provide an outstanding customer experience and integrated solution. Within this partnership, the BioConnect Trust platform seamlessly incorporated Suprema's facial and fingerprint readers while also ensuring strong integration with top PAC providers. Leveraging its extensive experience and Trust Platform, BioConnect effectively links various access control platforms with Suprema's advanced biometric devices for deployment throughout the United States.
• March 2023: Betacom announced the launch of a new AI-driven Perimeter Security System (PSS) with Axis Communications and its partner, Evolon Technology. The PSS solution provides physical threat detection services to airports, warehouses, and manufacturing facilities in a significantly shorter timeframe and at a substantially lower cost than traditional wired or public wireless systems. The PSS system is powered by Axis cameras, equipped with AI-based Evolon image detection, and is connected to Betacom's managed, private, and ultra-high-speed 4G and 5G network.