Physical Security Market by Component (Systems (Video Surveillance, Fire and Life Safety, PACS, PIAM, PSIM) and Services (ACAAS, VSAAS, Security Systems Integration, Remote Monitoring)), Entity Size, Region, and Vertical – 2022 to 2027


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The physical security market is projected to reach USD 127.06 billion by 2024, growing at a CAGR of 7.12% during the forecast period. The rising incidents of terror attacks, technological advancements and deployment of wireless technology in security systems are projected drive the growth of market. Moreover, the increasing use of Internet Protocol based cameras for video surveillance, and increasing adoption of Internet of Things (IoT)-based security systems with cloud computing platforms are also expected to propel the growth of the market.