Physical security market set for 6.8% growth this decade
The global physical security market size is expected to reach $216.43 billion by 2030, registering a CAGR of 6.8% over the next seven years. ReseachAndMarkets’ latest study says increasing awareness about securing the perimeter in developing economies has led to a rise in deployment of IP-based cameras in residential societies as well as commercial complexes […]
Boom predicted for perimeter security
The Global Perimeter Security Market size has been estimated at $49.81 billion for 2021, $54.82 billion in 2022, and is projected to grow at a CAGR of 10.32% to reach $89.82 billion by 2027. A new analysis by boffins at ResearchAndMarkets has produced the following key takeaways:- Drivers Growing Adoption of Latest Techniques Such as […]
Data centre physical security set for boom
The data centre physical security market is poised to grow by $1.73bn between 2021-2025, progressing at a CAGR of 8.41%, driven by the need to comply with regulations and the growing threat of cyberattacks. The report, from ResearchandMarkets, on the data centre physical security market provides a holistic analysis, market size and forecast, trends, growth drivers, […]
Physical security market to grow 6.5% by 2027
The Global Physical Security Market size was estimated at $78.23 billion in 2020 and expected to reach $83.87 billion this year, followed by a Compound Annual Growth Rate (CAGR) of 7.54% from 2020 to 2026 to reach $121.01 billion. A new report published by ResearchandMarkets, analyses the competitive landscape in terms of markets, applications and […]
Impact of COVID-19 on physical security market revealed
A new report delivers what it calls the best estimate of the global market for physical security products going forward to 2025, based on two scenarios. In March 2020, The World Health Organization declared COVID-19 a global pandemic. Within a few weeks, it was clear that the pandemic was highly likely to cause the world’s […]
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, […]
Global physical security demand to reach $56.7bn by 2024, driven by AI
The total value of world production of Physical Security products at factory gate prices in 2019 was $34.3Bn, an increase of 8.5% on 2018 and equivalent to a compound annual growth rate (CAGR) over the last 5 years of 7.24%. According to a report from ResearchandMarkets, over the last 10 years, the market has grown […]
Value of Physical Security products at factory gate prices reached $34.3Bn in 2019
The total value of world production of Physical Security products at factory gate prices in 2019 was $34.3Bn, an increase of 8.5% on 2018 whist the compound annual growth rate (CAGR) over the last 5 years has been 7.24%. Over the last 10 years, the market has grown by a CAGR of 6.27%, however, different rates […]
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 […]
Physical security demand to hit $119bn by 2023
It’s been predicted that the global physical security market will to grow in value from $84.1 billion last year to $119.4 billion by 2023. That’s equivalent to a Compound Annual Growth Rate (CAGR) of 7.3%, according to analysis from ResearchandMarkets. Its report, The ‘Physical Security Market by Component and Services, Organisation Size, Vertical and Region […]
