Latest physical security research pegs market at $193bn by 2030
The physical security market size was valued at $104.6 billion in 2020, and is estimated to reach $192.9 billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030. That’s according to the latest report from Allied Research. In terms of industry vertical, IT and telecom segment holds the largest physical security market […]
Things looking up for video surveillance market
The global video surveillance market grew 16.4% in 2021 as restrictions on movement due to the COVID-19 pandemic eased, with shipments of cameras and related equipment growing as pent-up demand was served. Data from a Novaira Insights report, “The world market for video surveillance hardware and software”, shows that there was also a shortage of components used for […]
85% of disabled consumers say they haven’t requested additional support from firms
More than three-quarters of disabled consumers have not shared their support needs with businesses and organisations when accessing essential services, according to the latest research from Experian. Some 85% of disabled consumers and those with support needs said they had not explained to their bank or building society how they could be better supported when […]
DOWNLOAD: Cloud physical security now a critical link in digital transformation agenda
A new practical guide has been published by Security-as-a-Service specialist Morphean to help security businesses understand and adopt the digitalised world of physical security. It argues that cloud physical security is now playing a critical role in the digital transformation agenda, as AI-driven analytics help unlock superior security and intelligence benefits while helping to mitigate […]
Global physical security market to hit $195.6bn by 2030
Market Research Future (MRFR) asserts that global demand for physical security is poised to reach $195.6bn by 2030, equivalent to a 6.7% CAGR throughout the forecast period (2021–2030). The reports points out that the physical security market’s competitive landscape is ‘enormous and tense’, with new competitors quickly entering the market and existing players making massive investments. With […]
‘Advancement needed’ for digital transformation of physical security
Physical security budgets and optimistic outlooks are up along with interest in/adoption of digital and collaborative system design technologies, but similar challenges plague system integrators and enterprise security professionals year over year. That’s according to the second consecutive Physical Security Industry Benchmark commissioned by System Surveyor, based on a survey administered in late 2021 More than […]
Places of Worship Protective Security Fund open for applications
Mosques and Muslim faith schools have been given access to £24.5 million for security measures to protect their places of worship and schools. Research indicates Muslims continue to experience an increased threat of hate crime: in 2020/2021, 45% of religious hate crimes recorded by the police in England and Wales were targeted against Muslims. The […]
Physical security market to hit $243.6bn by 2031
The global physical security market is projected to expand at a CAGR of 8.10% between 2021 and 2031 to reach $243bn, driven by uptake in BFSI, retail, and manufacturing to counter the increasing risk of real-world threats, such as unauthorized access and natural disasters. The latest report from Transparency Market Research says the need for […]
Global physical security industry to hit $153bn in 2023
The global physical security industry is projected to reach $153 billion by 2023, equivalent to a CAGR of 10.3% between 2017 and 2023. That’s according to a new report by Allied Market Research, which conlcudes that based on region, North America is the largest supplier of physical security solutions across the world. Seapee Bajaj, a Lead […]
Physical security market worth $140 billion by 2026
The global physical security market is expected to grow from $102.7 billion in 2021 to $140 billion by 2026, driven by the impact of COVID-19 and equivalent to 6.4% growth during the forecast period. That’s the conclusion of a new report from MarketsandMarkets, which says modern business environments require proficient handling of their business processes […]
