The global physical security market size is expected to reach USD 216.43 billion by 2030, registering CAGR of 6.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. Lack of physical security leads to higher rates of burglaries and thefts. Therefore, safeguarding the physical perimeter and individual assets, including expensive technological equipment, has gained importance and is driving the market growth.

The increasing convergence of IT and OT technologies have potentially increased concern towards inbuilt security operations that are added into a network. As network video recorders (NVRs) and IP-based surveillance camera are network devices, they are vulnerable to become a target vector to get into a system. Furthermore, camera & biometrics offer robust physical security benefits. However, in a growing threat ecosystem, these devices are expected to evolve in order to enable safety for deployment in a critical infrastructure asset’s network.

Gather more insights about the market drivers, restrains and growth of the Global Physical Security Market

The technological advancement in physical security systems such as video analytics and machine learning are expected to drive the overall market. Moreover, the hardware is also gaining high traction which attributes to significant enhancement to the legacy surveillance camera system. For instance, in April 2022, Matrix Comsec., a prominent security solutions provider, launched a new 8MP dome IP camera. Large organizations and project environments will benefit from Matrix Project Series Dome Cameras. The cameras are suitable for outdoor and indoor monitoring needs, making them ideal for the modern businesses.

Technological development and its exponential growth are anticipated to positively impact the market dynamics of the physical security market during the forecast period. For instance, in October 2022, Viakoo Inc., an American cybersecurity company, launched Action Platform, an automated IoT device management platform for managing, securing, and updating firmware, ensuring device password compliance, and providing IoT device certificates. The platform enables organizations to identify and resolve security flaws on connected systems and secure these devices' safety and security. Such innovative solutions and their deployment in the region are propelling the growth of the physical security market forward.

Physical Security Market Report Highlights

• Video surveillance system led the market in 2022, as these systems enable real-time continuous monitoring and help lower chances of theft
• System integration is anticipated to dominate the market through the forecast period owing to the factors such as stringent regulations and demand for the cost-effective systems
• The residential segment is predicted to register the highest CAGR during the forecast period owing to the measures taken by the consumers to protect their assets from potential threats
• North America dominated the market in 2022 and is estimated to remain dominant throughout the forecast period. The presence of key physical security market vendors such as Cisco Systems, Inc., Honeywell International, Inc., and Pelco is primarily responsible for the region's market growth. Businesses across the region are increasingly deploying physical security solutions to prevent identity theft, cyber-attacks, and commercial spying, as well as to ensure data security and privacy to facilitate business continuity

Browse through Grand View Research's Electronic Security Industry Research Reports.

• Contactless Biometrics Technology Market: The global contactless biometrics technology market size was estimated at USD 17.5 billion in 2024 and is expected to grow at a CAGR of 17.1% from 2025 to 2030.
• Radar Market: The global radar market size was valued at USD 36.61 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2030.

Physical Security Market Segmentation

Grand View Research has segmented the global physical security market report based on the component, organization size, end-user, and region:

Physical Security Component Outlook (Revenue, USD Billion, 2017 - 2030)

• Systems
  • Physical Access Control System (PACS)
  • Video Surveillance System
  • Perimeter Intrusion Detection And Prevention
  • Physical Security Information Management (PSIM)
  • Physical Identity & Access Management (PIAM)
  • Fire And Life Safety
• Services
  • System Integration
  • Remote Monitoring
  • Others

Physical Security Organization Size Outlook (Revenue, USD Billion, 2017 - 2030)

• SMEs
• Large Enterprises

Physical Security End-user Outlook (Revenue, USD Billion, 2017 - 2030)

• Transportation
• Government
• Banking & Finance
• Utility & Energy
• Residential
• Industrial
• Retail
• Commercial
• Hospitality
• Others

Physical Security Regional Outlook (Revenue, USD Billion 2017 - 2030)

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

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