How big is the Physical Security Services Market?

The Physical Security Services Market size is expected to reach USD 112.93 billion in 2024 and grow at a CAGR of 4.75% to reach USD 142.44 billion by 2029. Read More

What is the current Physical Security Services Market size?

In 2024, the Physical Security Services Market size is expected to reach USD 112.93 billion. Read More

Who are the key players in Physical Security Services Market?

Johnson Controles, Honeywell International Inc., Cisco Systems, Inc., Huawei Technologies Co., Ltd. and Genetec Inc. are the major companies operating in the Physical Security Services Market. Read More

Which is the fastest growing region in Physical Security Services Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Physical Security Services Market?

In 2024, the North America accounts for the largest market share in Physical Security Services Market. Read More

What years does this Physical Security Services Market cover, and what was the market size in 2023?

In 2023, the Physical Security Services Market size was estimated at USD 107.57 billion. The report covers the Physical Security Services Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Physical Security Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Physical Security Services Market Size & Share Analysis - Industry Research Report

Physical Security Services Market Size & Share Analysis - Growth, Trends, and Forecasts (2024-2029)

The Physical Security Services Market Report is Segmented by Component (Solution [Access Control System, Video Surveillance System, Security Scanning, Metal Detection, and Imaging, Fire and Life Safety, and Others] and Service [Professional Services and Managed Services]), End-User Industry (Manufacturing and Industrial, IT and Telecom, BFSI, Retail, Residential, Public Infrastructure (Airports, Etc. ), and Other End-User Industries), and Geography (North America, Europe, Asia, Australia and New Zealand, Latin America, and the Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Physical Security Services Industry Overview

The physical security services market is competitive and has several major players. However, many companies are increasing their market presence by securing new contracts and acquiring other companies. Key companies in the market include Johnson Controles, Honeywell, Cisco Systems Inc., and Genetec. Players are adopting partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

May 2024: Genetec, a technology provider, announced its launch of unified security, public safety, operations, and business intelligence solutions in partnership with Axis Communications. With this launch, Genetec aims to address important themes around the state of regional physical security and the evolving trends and best practices for safeguarding assets and infrastructure.
January 2024: LenelS2, a company that offers physical security solutions, announced the launch of a cloud-based security solution, “the element platform.” This newly launched solution was designed to be easily installed and simple to use, with a mobile-first, intuitive user interface. Also, it provides information that is available at any time and accessible from anywhere on any device.