Physical security market to grow 7% by 2023
The Physical Security Market is projected to grow from $84.1 billion in 2018 to $119.4 billion in 2023, equivalent to a Compound Annual Growth Rate (CAGR) of 7.3% for the period. That’s according to research from ReportsandReports, which says a combination of rising incidents of terror attacks, technological advancements and deployment of wireless technology in […]
Smart building security tech providers attracted $3bn investment in 2019
Over $2.9 billion was invested in firms providing physical security solutions for residential, commercial and industrial facilities in 2019. That’s according to data from Memoori that charts the extent of global investment in the physical security sector since 2017. One transaction in 2019, the post-IPO equity for Motorola Solutions by private equity firm, Silver Lake Partners accounted for […]
Physical security market to hit $171bn by 2027
The global physical security market size is expected to reach $171bn by 2027, equivalent to a CAGR of 6.5% over the forecast period. That’s according to a new report by Grand View Research, which says safeguarding the physical perimeter and individual assets, including expensive technological equipment, has gained importance and is driving the market growth. […]
Global Physical Security Equipment Market to grow 12.1% by 2022
The global physical security equipment market will hit revenue of $64bn by 2022-end, putting it on course for an impressive CAGR of 10% between 2017 and 2022. That’s according to new research from Future Market Insights (FMI), which picks out the emergence of thermal cameras as a major driver of growth. As these cameras are […]
Global physical security market projected to reach $153bn by 2023
A new report by Allied Market Research asserts that global Physical Security Market, worth $78 billion in 2016, is projected to reach $153 billion by 2023, equivalent to a CAGR of 10.3% between 2017 and 2023. The report says key factors driving the global market are rise in incidence of terror attacks, increased awareness, and […]
Global physical security market to hit $404bn this decade
The global physical security market will be worth $404.14 billion by 2028 as factors such as increased corporate spending and rapid adoption of cloud-based data storage advanced analytics boost the market growth. A new report from Research for Markets, which predicts a GAGR of 9.9% from 2020, also cites technological developments in access control and […]
Physical security equipment market to hit $64bn
The global physical security equipment market will be worth nearly $64bn in revenue in 2022, equivalent to a staggering expansion at over 10% CAGR. That’s according to a report from Future Market Insights (FMI), which pinpoints demand for surveillance equipment a sa key driver of the growth. FMI says a major trend in the market […]
Phishing attacks still a major concern for business
Phishing attacks remain a global concern for organisations, with physical security and FM professionals among the most at risk through lack of knowledge. That’s the opinion gathered from the latest 2019 Beyond the Phish report by cybersecurity company Proofpoint. Based on data from 130 million questions answered by end users across 16 industries, the fourth […]
Video surveillance system market to hit $96bn by 2024
The global video surveillance system market has been valued at $40.37bn in 2018, and is expected to reach a value of $95.98 billion by 2024, equivalent to a CAGR of 15.53% over the forecast period. A new report by ResearchandMarkets says use of video surveillance in business is growing significantly, owing to the increasing need […]
Global physical security market to hit $136bn by 2024
The global physical security market is projected to grow from $ 83 billion in 2018 to $ 136 billion by 2024 on account of increasing incidents of terror attacks. That’s equivalent to a CAGR of over 8% during the forecast period, according to a new report from Reportlinker, which which defines the market as any measures designed for the […]
