2023 Physical Security Market Advance Technology, Business Overview, Forecast 2032

Physical Security Global Market Report 2023

Market Size, Trends and Global Forecast 2023-2032

Physical Security Market Definition

Physical security refers to the protection of people, equipment, software, networks, and data from physical acts and events. This is primarily used to protect the assets and facilities of the organization.

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Physical Security Market Characteristics

The global physical security market size is expected to grow from $109.96 billion in 2022 to $117.90 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The global physical security market is expected to grow to $152.73 billion in 2027 at a CAGR of 6.7%.

Physical Security Market Segments

The report covers the physical security market’s segments-

By Component By Organization

Size

Systems, Services Small And Medium-Sized Enterprises(SMEs)

, Large Enterprises

By End-User

Transportation, Government, Banking And Finance, Utility And Energy, Residential, Industrial, Retail, Commercial, Hospitality, Other End Users

Major companies in the market include ADT Inc

Cisco Systems Inc

Honeywell International Inc

Johnson Controls Anixter Inc

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