The global physical security market was valued at USD 127.01 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. Several factors are driving this growth, particularly the increasing need to protect physical environments from various threats, including crime, vandalism, burglaries, theft, and fire incidents. As organizations and...

The global physical security market size is expected to reach USD 216.43 billion by 2030, registering CAGR of 6.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. Lack of physical security leads to higher rates of burglaries and thefts. Therefore, safeguarding the physical perimeter and individual assets, including expensive technological equipment, has gained...