Physical Security Market Trends, Size, Growth and Segments

Jonytoal23 Apr, 2024Business

The global Physical Security Market size is projected to grow from USD 110.2 billion in 2023 to USD 136.9 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 4.4% during the forecast period, according to new research report by MarketsandMarkets?, Increasing use of IP-based cameras for video surveillance has also played a significant role in driving the adoption of physical security systems and services as businesses strive to meet security requirements. Additionally, megatrends like artificial intelligence and IoT security are emerging in the physical security market. Together, these factors form a powerful force behind the growth and advancement of the physical security market.