Global physical security market to hit $120.3bn by 2025
The global physical security market size is expected to grow from $84.2 billion in 2018 to $120.3 billion by 2025, equivalent to a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period. A new report from ResearchandMarkets says rising incidents of terror attacks, technological advancements and deployment of wireless technology in security systems, […]
Physical security market worth $120.3 billion by 2025
The physical security market is expected to grow from $93.5 billion in 2020 to $120.3 billion by 2025, equivalent to a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period. New analysis by MarketsandMarkets pinpoints the major drivers as the rising incidents of terror attacks, technological advancements and deployment of wireless technology in […]
Global fire protection systems market to hit $155bn
The global fire protection systems market size is expected to reach USD 155.03 billion by 2027, expanding at a CAGR of 7.5% over the forecast period. That’s according to a study by Grand View Research, which says increasing adoption of wireless technology, growing human and property loss owing to fire breakouts, and stringent fire safety regulations are projected to fuel the market […]
2020/21 physical security buying trends revealed
Business Continuity, Disaster Recovery & Incident Management top the list of solutions the UK’s leading Security professionals are sourcing in 2020. The findings have been revealed by the Total Security Summit and are based on delegate requirements this year’s recent event. Delegates registering to attend the event were asked which areas they needed to invest […]
Security industry ‘will shift to service-based solutionS post-pandemic’
The security industry has ‘tremendous’ investment opportunities despite the economic slowdown witnessed due to COVID-19 and under an ‘aspirational’ forecast scenario is likely to grow at a compound annual growth rate (CAGR) of 4.3% post-pandemic to hit revenue of $140.60 billion by 2025. That’s according to respected research outfit Frost & Sullivan’s recent analysis, Post-Pandemic Growth […]
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 […]
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 […]
Threat to corporate data from departing employees ‘underestimated by businesses’
More than half (51%) of knowledge workers believe the risk to corporate data from departing employees is being underestimated and bigger than organisations think, while (87%) report their former employer has never approached them to verify they hadn’t taken data when they’ve left a job. That’s according to Code42’s new Data Exposure Report, which concludes […]
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 […]
