1	INTRODUCTION	53
1.1	STUDY OBJECTIVES	53
1.2	MARKET DEFINITION	53
1.2.1	INCLUSIONS AND EXCLUSIONS	54
1.3	MARKET SCOPE	55
1.3.1	MARKET SEGMENTATION	55
1.3.2	REGIONS COVERED	56
1.3.3	YEARS CONSIDERED	56
1.4	CURRENCY CONSIDERED	57
TABLE 1	UNITED STATES DOLLAR EXCHANGE RATE, 2017–2022	57
1.5	STAKEHOLDERS	57
1.6	SUMMARY OF CHANGES	57
2	RESEARCH METHODOLOGY	58
2.1	RESEARCH DATA	58
FIGURE 1	PHYSICAL SECURITY MARKET: RESEARCH DESIGN	58
2.1.1	SECONDARY DATA	59
2.1.2	PRIMARY DATA	59
2.1.2.1	Breakup of primary profiles	59
2.1.2.2	Key insights from industry experts	60
2.2	DATA TRIANGULATION	60
2.3	MARKET SIZE ESTIMATION	61
FIGURE 2	MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 1 (SUPPLY SIDE): REVENUE FROM SOLUTIONS/SERVICES OF PHYSICAL SECURITY VENDORS	61
FIGURE 3	MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 2, BOTTOM-UP APPROACH (SUPPLY SIDE): COLLECTIVE REVENUE FROM ALL SOLUTIONS AND SERVICES OF PHYSICAL SECURITY VENDORS	61
FIGURE 4	MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 3, TOP-DOWN APPROACH—DEMAND-SIDE ANALYSIS	62
2.4	MARKET FORECAST	63
TABLE 2	FACTOR ANALYSIS	63
2.5	ASSUMPTIONS	63
2.6	LIMITATIONS	65
3	EXECUTIVE SUMMARY	66
TABLE 3	PHYSICAL SECURITY MARKET SIZE AND GROWTH, 2023–2028 (USD MILLION, Y-O-Y GROWTH)	67
FIGURE 5	GLOBAL PHYSICAL MARKET TO WITNESS MODERATE GROWTH DURING FORECAST PERIOD	67
FIGURE 6	NORTH AMERICA TO ACCOUNT FOR HIGHEST MARKET SHARE IN 2023	68
FIGURE 7	FASTEST-GROWING SEGMENTS OF PHYSICAL SECURITY MARKET	69
4	PREMIUM INSIGHTS	70
4.1	OVERVIEW OF PHYSICAL SECURITY MARKET	70
FIGURE 8	RISING INSTANCES OF TERRORIST ACTIVITIES AND SECURITY BREACHES TO DRIVE MARKET	70
4.2	PHYSICAL SECURITY MARKET, BY COMPONENT	70
FIGURE 9	SERVICES SEGMENT TO GROW AT HIGHER CAGR IN 2023	70
4.3	PHYSICAL SECURITY MARKET, BY SYSTEM	71
FIGURE 10	FIRE AND LIFE SAFETY SEGMENT TO GROW AT HIGHEST CAGR IN 2023	71
4.4	PHYSICAL SECURITY MARKET, BY SERVICE	71
FIGURE 11	MANAGED SERVICES TO ACCOUNT FOR LARGEST SHARE IN 2023	71
4.5	PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE	71
FIGURE 12	LARGE ENTERPRISES TO ACCOUNT FOR LARGER SHARE IN 2023	71
4.6	PHYSICAL SECURITY MARKET SHARE OF TOP THREE VERTICALS AND REGIONS, 2023	72
FIGURE 13	RESIDENTIAL VERTICAL AND NORTH AMERICA REGION TO ACCOUNT FOR LARGEST SHARE IN 2023	72
4.7	MARKET INVESTMENT SCENARIO	72
FIGURE 14	ASIA PACIFIC TO EMERGE AS BEST MARKET FOR INVESTMENTS IN NEXT FIVE YEARS	72
5	MARKET OVERVIEW AND INDUSTRY TRENDS	73
5.1	INTRODUCTION	73
5.2	MARKET DYNAMICS	73
FIGURE 15	DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: PHYSICAL SECURITY MARKET	74
5.2.1	DRIVERS	74
5.2.1.1	Rising instances of malicious activities and security breaches to physical systems	74
FIGURE 16	GLOBAL NUMBER OF TERRORIST ATTACKS, 2011–2021	75
5.2.1.2	Growing use of IP-based cameras for video surveillance	75
5.2.1.3	Higher adoption of ‘as a service’ model	76
5.2.1.4	Increasing cyber threats to physical security systems	76
5.2.2	RESTRAINTS	76
5.2.2.1	Considerable false alarm rates	76
5.2.2.2	Violation of privacy	77
5.2.2.3	Lack of efficient data storage and management capacities	77
5.2.3	OPPORTUNITIES	77
5.2.3.1	Integration of technologies in physical security	77
5.2.3.2	Digital transformation enabled by video security systems	78
5.2.3.3	Adoption of IoT-based security systems with cloud computing platforms	78
5.2.3.4	Convergence of multiple physical security systems	79
5.2.4	CHALLENGES	79
5.2.4.1	High installation and maintenance costs for SMEs	79
5.2.4.2	Integration of logical and physical components of security systems	79
5.3	CASE STUDY ANALYSIS	80
5.3.1	USE CASE 1: EQUINOX FITNESS STREAMLINED ITS SURVEILLANCE WITH VERDAKA’S SYSTEMS	80
5.3.2	USE CASE 2: QOGNIFY’S NICEVISION HELPED BAYLOR UNIVERSITY CURB CRIME	80
5.3.3	USE CASE 3: DUBLIN AIRPORT TERMINAL 2 IMPLEMENTED ADVANCED VIDEO MANAGEMENT SYSTEM WITH ADT	81
5.3.4	USE CASE 4: CISCO ENHANCED VIDEO SURVEILLANCE SYSTEMS OF CITY OF SAN LUIS POTOSÍ	81
5.3.5	USE CASE 5: PRISTINA INTERNATIONAL AIRPORT GAINED BETTER SURVEILLANCE TO PREPARE FOR EMERGENCIES WITH HONEYWELL’S SOLUTIONS	82
5.3.6	USE CASE 6: SPEEDY HIRE USED SECOM’S CCTV SYSTEMS TO COMBAT BANDWIDTH BURDEN	82
5.4	VALUE CHAIN ANALYSIS	83
FIGURE 17	PHYSICAL SECURITY MARKET: VALUE CHAIN ANALYSIS	83
5.5	ECOSYSTEM	85
FIGURE 18	PHYSICAL SECURITY MARKET: ECOSYSTEM	85
5.6	PORTER’S FIVE FORCES MODEL ANALYSIS	86
FIGURE 19	PORTER’S FIVE FORCES ANALYSIS: PHYSICAL SECURITY MARKET	86
TABLE 4	PORTER’S FIVE FORCES IMPACT ANALYSIS	86
5.6.1	THREAT FROM NEW ENTRANTS	87
5.6.2	BARGAINING POWER OF SUPPLIERS	87
5.6.3	BARGAINING POWER OF BUYERS	87
5.6.4	THREAT OF SUBSTITUTES	87
5.6.5	INTENSITY OF COMPETITIVE RIVALRY	88
5.7	INDICATIVE PRICING ANALYSIS	88
TABLE 5	PRICING: PHYSICAL SECURITY	88
5.8	TECHNOLOGY ANALYSIS	89
5.8.1	AI/ML	89
5.8.2	PHYSICAL SECURITY AND CLOUD	89
5.8.3	PHYSICAL SECURITY AND SMART DEVICES	89
5.8.4	PHYSICAL SECURITY AND WIRELESS SECURITY SYSTEMS	89
5.8.5	PHYSICAL SECURITY AND CONTACTLESS BIOMETRICS	90
5.8.6	PHYSICAL SECURITY AND DRONES	90
5.9	PATENT ANALYSIS	90
FIGURE 20	LIST OF MAJOR PATENTS FOR PHYSICAL SECURITY MARKET	91
TABLE 6	LIST OF PATENTS IN PHYSICAL SECURITY MARKET, 2023	91
5.10	TRENDS AND DISRUPTIONS IMPACTING BUYER/CLIENT BUSINESS	92
FIGURE 21	PHYSICAL SECURITY MARKET: TRENDS AND DISRUPTIONS IMPACTING BUYER/CLIENT BUSINESS	92
5.11	TECHNOLOGY ROADMAP	93
TABLE 7	PHYSICAL SECURITY: TECHNOLOGY ROADMAP	93
5.12	BUSINESS MODEL	93
TABLE 8	PHYSICAL SECURITY: BUSINESS MODEL	93
5.13	EVOLUTION OF PHYSICAL SECURITY	94
5.14	TARIFFS AND REGULATORY LANDSCAPE	94
5.14.1	GENERAL DATA PROTECTION REGULATION (GDPR)	95
5.14.2	SARBANES-OXLEY (SOX) ACT	95
5.14.3	HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT	95
5.14.4	HEALTH INFORMATION TECHNOLOGY FOR ECONOMIC AND CLINICAL HEALTH	95
5.14.5	PAYMENT CARD INDUSTRY DATA SECURITY STANDARD	96
5.14.6	FEDERAL INFORMATION PROCESSING STANDARDS	96
5.15	KEY STAKEHOLDERS AND BUYING CRITERIA	96
5.15.1	KEY STAKEHOLDERS IN BUYING PROCESS	96
FIGURE 22	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS	96
TABLE 9	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS	97
5.15.2	BUYING CRITERIA	97
FIGURE 23	KEY BUYING CRITERIA FOR TOP THREE VERTICALS	97
TABLE 10	KEY BUYING CRITERIA FOR TOP THREE VERTICALS	97
5.16	KEY CONFERENCES AND EVENTS, 2023–2024	98
TABLE 11	PHYSICAL SECURITY MARKET: LIST OF CONFERENCES AND EVENTS, 2023–2024	98
6	PHYSICAL SECURITY MARKET, BY COMPONENT	99
6.1	INTRODUCTION	100
FIGURE 24	SERVICES SEGMENT TO ACCOUNT FOR LARGER MARKET SIZE DURING FORECAST PERIOD	100
TABLE 12	PHYSICAL SECURITY MARKET, BY COMPONENT, 2017–2022 (USD BILLION)	100
TABLE 13	PHYSICAL SECURITY MARKET, BY COMPONENT, 2023–2028 (USD BILLION)	101
6.2	SYSTEMS	101
6.2.1	INCREASING CONCERN FOR SAFETY AND RISING INCIDENTS OF TERRORISM TO DRIVE DEMAND FOR PHYSICAL SECURITY SYSTEMS	101
6.2.2	SYSTEMS: PHYSICAL SECURITY MARKET DRIVERS	101
TABLE 14	SYSTEMS: PHYSICAL SECURITY MARKET, BY REGION, 2017–2022 (USD BILLION)	102
TABLE 15	SYSTEMS: PHYSICAL SECURITY MARKET, BY REGION, 2023–2028 (USD BILLION)	102
6.3	SERVICES	102
6.3.1	NEED FOR AUTOMATION IN SURVEILLANCE SYSTEMS AND REMOTE MONITORING INFRASTRUCTURE TO DRIVE MARKET	102
6.3.2	SERVICES: PHYSICAL SECURITY MARKET DRIVERS	103
TABLE 16	SERVICES: PHYSICAL SECURITY MARKET, BY REGION, 2017–2022 (USD BILLION)	103
TABLE 17	SERVICES: PHYSICAL SECURITY MARKET, BY REGION, 2023–2028 (USD BILLION)	103
7	PHYSICAL SECURITY MARKET, BY SYSTEM	104
7.1	INTRODUCTION	105
FIGURE 25	VIDEO SURVEILLANCE SYSTEMS SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD	105
TABLE 18	PHYSICAL SECURITY MARKET, BY SYSTEM, 2017–2022 (USD BILLION)	105
TABLE 19	PHYSICAL SECURITY MARKET, BY SYSTEM, 2023–2028 (USD BILLION)	106
7.2	PHYSICAL ACCESS CONTROL SYSTEM	106
7.2.1	NEED TO PREVENT LOSS OR DAMAGE TO ASSETS AND REDUCE RISK OF UNWANTED ACCESS TO DRIVE MARKET	106
7.2.2	PHYSICAL ACCESS CONTROL SYSTEMS: PHYSICAL SECURITY MARKET DRIVERS	106
TABLE 20	PHYSICAL ACCESS CONTROL SYSTEMS: PHYSICAL SECURITY MARKET, BY REGION,  2017–2022 (USD BILLION)	107
TABLE 21	PHYSICAL ACCESS CONTROL SYSTEMS: PHYSICAL SECURITY MARKET, BY REGION,  2023–2028 (USD BILLION)	107
7.2.3	LOCKS	107
7.2.3.1	Mechanical locks	107
7.2.3.2	Electronic locks	108
7.2.4	BIOMETRICS	108
7.2.4.1	Fingerprint recognition	108
7.2.4.2	Facial recognition	109
7.2.4.3	Other biometric systems	109
7.2.5	SMART CARDS AND READERS	110
7.2.6	ACCESS CONTROL SOFTWARE	110
7.3	VIDEO SURVEILLANCE SYSTEMS	110
7.3.1	NEED TO REDUCE SECURITY THREATS AND CONTROL AND MONITOR CRIMINAL ACTIVITIES TO DRIVE MARKET	110
7.3.2	VIDEO SURVEILLANCE SYSTEMS: PHYSICAL SECURITY MARKET DRIVERS	111
TABLE 22	VIDEO SURVEILLANCE SYSTEMS: PHYSICAL SECURITY MARKET, BY REGION,  2017–2022 (USD BILLION)	111
TABLE 23	VIDEO SURVEILLANCE SYSTEMS: PHYSICAL SECURITY MARKET, BY REGION,  2023–2028 (USD BILLION)	111
7.3.3	CAMERAS	112
7.3.3.1	Analog cameras	112
7.3.3.2	IP cameras	112
TABLE 24	IP CAMERA VS. ANALOG CAMERA	112
7.3.4	RECORDERS	113
7.3.4.1	Digital Video Recorders (DVR)	113
7.3.4.2	Network Video Recorders (NVR)	114
7.3.5	VIDEO ANALYTICS SOFTWARE	114
7.3.5.1	Video management software	114
7.4	PERIMETER INTRUSION DETECTION AND PREVENTION	115
7.4.1	TECHNOLOGICAL ADVANCEMENTS AND RISING CONCERNS FOR SECURITY TO DRIVE DEMAND FOR PERIMETER INTRUSION DETECTION AND PREVENTION SYSTEMS	115
7.4.2	PERIMETER INTRUSION DETECTION AND PREVENTION: PHYSICAL SECURITY MARKET DRIVERS	115
TABLE 25	PERIMETER INTRUSION DETECTION AND PREVENTION: PHYSICAL SECURITY MARKET,  BY REGION, 2017–2022 (USD BILLION)	115
TABLE 26	PERIMETER INTRUSION DETECTION AND PREVENTION: PHYSICAL SECURITY MARKET,  BY REGION, 2023–2028 (USD BILLION)	116
7.5	PHYSICAL SECURITY INFORMATION MANAGEMENT	116
7.5.1	NEED TO INTEGRATE DISPARATE SECURITY COMPONENTS FOR STREAMLINING SECURITY MANAGEMENT TO PROPEL DEMAND FOR PSIM	116
7.5.2	PHYSICAL SECURITY INFORMATION MANAGEMENT: PHYSICAL SECURITY MARKET DRIVERS	116
TABLE 27	PHYSICAL SECURITY INFORMATION MANAGEMENT: PHYSICAL SECURITY MARKET,  BY REGION, 2017–2022 (USD BILLION)	116
TABLE 28	PHYSICAL SECURITY INFORMATION MANAGEMENT: PHYSICAL SECURITY MARKET,  BY REGION, 2023–2028 (USD BILLION)	117
7.6	PHYSICAL IDENTITY ACCESS MANAGEMENT	117
7.6.1	ADOPTION OF MODERNIZED SYSTEMS AND STRINGENT SECURITY COMPLIANCE TO BOOST DEMAND FOR PIAM SOLUTIONS	117
7.6.2	PHYSICAL IDENTITY ACCESS MANAGEMENT: PHYSICAL SECURITY MARKET DRIVERS	117
TABLE 29	PHYSICAL IDENTITY ACCESS MANAGEMENT: PHYSICAL SECURITY MARKET, BY REGION, 2017–2022 (USD BILLION)	118
TABLE 30	PHYSICAL IDENTITY ACCESS MANAGEMENT: PHYSICAL SECURITY MARKET, BY REGION, 2023–2028 (USD BILLION)	118
7.7	SECURITY SCANNING, IMAGING, AND METAL DETECTION	118
7.7.1	INCREASING FOCUS ON PUBLIC SAFETY AND GOVERNMENT REGULATION AND SUBSEQUENT PENALTIES TO DRIVE MARKET	118
7.7.2	SECURITY SCANNING, IMAGING, AND METAL DETECTION: PHYSICAL SECURITY MARKET DRIVERS	119
TABLE 31	SECURITY SCANNING, IMAGING, AND METAL DETECTION: PHYSICAL SECURITY MARKET, BY REGION, 2017–2022 (USD BILLION)	119
TABLE 32	SECURITY SCANNING, IMAGING, AND METAL DETECTION: PHYSICAL SECURITY MARKET, BY REGION, 2023–2028 (USD BILLION)	120
7.8	FIRE AND LIFE SAFETY	120
7.8.1	RISING FIRE-RELATED INCIDENTS AND TECHNOLOGICAL PROLIFERATION TO FUEL DEMAND FOR FIRE AND LIFE SAFETY SOLUTIONS	120
7.8.2	FIRE AND LIFE SAFETY: NORTH AMERICA PHYSICAL SECURITY MARKET DRIVERS	120
TABLE 33	FIRE AND LIFE SAFETY: PHYSICAL SECURITY MARKET, BY REGION,  2017–2022 (USD BILLION)	121
TABLE 34	FIRE AND LIFE SAFETY: PHYSICAL SECURITY MARKET, BY REGION,  2023–2028 (USD BILLION)	121
8	PHYSICAL SECURITY MARKET, BY SERVICE	122
8.1	INTRODUCTION	123
FIGURE 26	MANAGED SERVICES SEGMENT TO ACCOUNT FOR LARGER MARKET SIZE DURING FORECAST PERIOD	123
TABLE 35	PHYSICAL SECURITY MARKET, BY SERVICE, 2017–2022 (USD BILLION)	123
TABLE 36	PHYSICAL SECURITY MARKET, BY SERVICE, 2023–2028 (USD BILLION)	123
8.2	PROFESSIONAL SERVICES	124
8.2.1	PROFESSIONAL SECURITY SERVICES TO HELP BUSINESSES ASSESS, SUPPORT, AND DEVELOP CONTROL SYSTEM SECURITY INFRASTRUCTURE	124
8.2.2	PROFESSIONAL SERVICES: PHYSICAL SECURITY MARKET DRIVERS	124
TABLE 37	PROFESSIONAL SERVICES: PHYSICAL SECURITY MARKET, BY REGION,  2017–2022 (USD BILLION)	125
TABLE 38	PROFESSIONAL SERVICES: PHYSICAL SECURITY MARKET, BY REGION,  2023–2028 (USD BILLION)	125
8.2.3	DESIGN, INTEGRATION, DEPLOYMENT, AND CONSULTING SERVICES	125
TABLE 39	DESIGN, INTEGRATION, DEPLOYMENT, AND CONSULTING: PHYSICAL SECURITY MARKET, BY REGION, 2017–2022 (USD BILLION)	126
TABLE 40	DESIGN, INTEGRATION, DEPLOYMENT, AND CONSULTING: PHYSICAL SECURITY MARKET, BY REGION, 2023–2028 (USD BILLION)	126
8.2.4	RISK ASSESSMENT	126
TABLE 41	RISK ASSESSMENT: PHYSICAL SECURITY MARKET, BY REGION,  2017–2022 (USD BILLION)	127
TABLE 42	RISK ASSESSMENT: PHYSICAL SECURITY MARKET, BY REGION,  2023–2028 (USD BILLION)	127
8.2.5	TRAINING AND EDUCATION	127
TABLE 43	TRAINING AND EDUCATION: PHYSICAL SECURITY MARKET, BY REGION,  2017–2022 (USD BILLION)	128
TABLE 44	TRAINING AND EDUCATION: PHYSICAL SECURITY MARKET, BY REGION,  2023–2028 (USD BILLION)	128
8.2.6	SUPPORT AND MAINTENANCE	128
TABLE 45	SUPPORT AND MAINTENANCE: PHYSICAL SECURITY MARKET, BY REGION,  2017–2022 (USD BILLION)	129
TABLE 46	SUPPORT AND MAINTENANCE: PHYSICAL SECURITY MARKET, BY REGION,  2023–2028 (USD BILLION)	129
8.3	MANAGED SERVICES	129
8.3.1	RISING INSTANCES OF PHYSICAL ATTACKS AND NEED TO REDUCE PHYSICAL INFRASTRUCTURE RISKS TO DRIVE DEMAND FOR MANAGED SERVICES	129
8.3.2	MANAGED SERVICES: PHYSICAL SECURITY MARKET DRIVERS	130
TABLE 47	MANAGED SERVICES: PHYSICAL SECURITY MARKET, BY REGION,  2017–2022 (USD BILLION)	130
TABLE 48	MANAGED SERVICES: PHYSICAL SECURITY MARKET, BY REGION,  2023–2028 (USD BILLION)	130
8.3.3	ACCESS CONTROL AS A SERVICE	130
TABLE 49	ACCESS CONTROL AS A SERVICE: PHYSICAL SECURITY MARKET, BY REGION,  2017–2022 (USD BILLION)	131
TABLE 50	ACCESS CONTROL AS A SERVICE: PHYSICAL SECURITY MARKET, BY REGION,  2023–2028 (USD BILLION)	131
8.3.4	VIDEO SURVEILLANCE AS A SERVICE	131
TABLE 51	VIDEO SURVEILLANCE AS A SERVICE: PHYSICAL SECURITY MARKET, BY REGION,  2017–2022 (USD BILLION)	132
TABLE 52	VIDEO SURVEILLANCE AS A SERVICE: PHYSICAL SECURITY MARKET, BY REGION,  2023–2028 (USD BILLION)	132
8.3.5	REMOTE MONITORING	132
TABLE 53	REMOTE MONITORING: PHYSICAL SECURITY MARKET, BY REGION,  2017–2022 (USD BILLION)	133
TABLE 54	REMOTE MONITORING: PHYSICAL SECURITY MARKET, BY REGION,  2023–2028 (USD BILLION)	133
9	PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE	134
9.1	INTRODUCTION	135
FIGURE 27	LARGE ENTERPRISES SEGMENT TO ACCOUNT FOR LARGER MARKET SIZE DURING FORECAST PERIOD	135
TABLE 55	PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD BILLION)	135
TABLE 56	PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)	136
9.2	SMALL AND MEDIUM-SIZED ENTERPRISES	136
9.2.1	RISING INSTANCES OF DATA BREACHES AND NEED TO MAINTAIN COMPLIANCE TO FUEL DEMAND FOR PHYSICAL SECURITY IN SMES	136
9.2.2	SMALL AND MEDIUM-SIZED ENTERPRISES: PHYSICAL SECURITY MARKET DRIVERS	136
TABLE 57	SMALL AND MEDIUM-SIZED ENTERPRISES: PHYSICAL SECURITY MARKET, BY REGION, 2017–2022 (USD BILLION)	136
TABLE 58	SMALL AND MEDIUM-SIZED ENTERPRISES: PHYSICAL SECURITY MARKET, BY REGION, 2023–2028 (USD BILLION)	137
9.3	LARGE ENTERPRISES	137
9.3.1	RISING SMART CITY INITIATIVES ACCELERATING DEMAND FOR VIDEO SURVEILLANCE TECHNOLOGY TO DRIVE MARKET	137
9.3.2	LARGE ENTERPRISES: PHYSICAL SECURITY MARKET DRIVERS	137
TABLE 59	LARGE ENTERPRISES: PHYSICAL SECURITY MARKET, BY REGION,  2017–2022 (USD BILLION)	138
TABLE 60	LARGE ENTERPRISES: PHYSICAL SECURITY MARKET, BY REGION,  2023–2028 (USD BILLION)	138
10	PHYSICAL SECURITY MARKET, BY VERTICAL	139
10.1	INTRODUCTION	140
FIGURE 28	RETAIL AND ECOMMERCE VERTICAL TO ACCOUNT FOR HIGHEST GROWTH RATE DURING FORECAST PERIOD	140
TABLE 61	PHYSICAL SECURITY MARKET, BY VERTICAL, 2017–2022 (USD BILLION)	141
TABLE 62	PHYSICAL SECURITY MARKET, BY VERTICAL, 2023–2028 (USD BILLION)	141
10.2	BFSI	142
10.2.1	INCREASING CYBERATTACKS AND GROWING SUPPORTIVE GOVERNMENT REGULATIONS TO PROTECT DATA TO DRIVE MARKET	142
10.2.2	BFSI: PHYSICAL SECURITY MARKET DRIVERS	142
TABLE 63	BFSI: PHYSICAL SECURITY MARKET, BY REGION, 2017–2022 (USD BILLION)	143
TABLE 64	BFSI: PHYSICAL SECURITY MARKET, BY REGION, 2023–2028 (USD BILLION)	143
10.3	HEALTHCARE	143
10.3.1	INCREASING CYBERATTACKS DUE TO ADOPTION OF IOT IN HEALTHCARE TO FUEL DEMAND FOR PHYSICAL SECURITY	143
10.3.2	HEALTHCARE: PHYSICAL SECURITY MARKET DRIVERS	144
TABLE 65	HEALTHCARE: PHYSICAL SECURITY MARKET, BY REGION, 2017–2022 (USD BILLION)	144
TABLE 66	HEALTHCARE: PHYSICAL SECURITY MARKET, BY REGION, 2023–2028 (USD BILLION)	144
10.4	GOVERNMENT	145
10.4.1	RISING INCIDENTS OF TERROR ATTACKS AND NEED TO PROTECT CRUCIAL DATA TO DRIVE DEMAND FOR PHYSICAL SECURITY IN GOVERNMENT SECTOR	145
10.4.2	GOVERNMENT: PHYSICAL SECURITY MARKET DRIVERS	145
TABLE 67	GOVERNMENT: PHYSICAL SECURITY MARKET, BY REGION, 2017–2022 (USD BILLION)	145
TABLE 68	GOVERNMENT: PHYSICAL SECURITY MARKET, BY REGION, 2023–2028 (USD BILLION)	146
10.5	RETAIL AND ECOMMERCE	146
10.5.1	INCREASING CYBER THEFT DUE TO RISING TREND OF ONLINE SHOPPING TO FUEL DEMAND FOR PHYSICAL SECURITY IN RETAIL SECTOR	146
10.5.2	RETAIL AND ECOMMERCE: PHYSICAL SECURITY MARKET DRIVERS	147
TABLE 69	RETAIL AND ECOMMERCE: PHYSICAL SECURITY MARKET, BY REGION,  2017–2022 (USD BILLION)	147
TABLE 70	RETAIL AND ECOMMERCE: PHYSICAL SECURITY MARKET, BY REGION,  2023–2028 (USD BILLION)	148
10.6	TRANSPORTATION AND LOGISTICS	148
10.6.1	RISING CASES OF ILLEGAL IMMIGRATION TO FUEL DEMAND FOR PHYSICAL SECURITY IN TRANSPORTATION AND LOGISTICS	148
10.6.2	TRANSPORTATION AND LOGISTICS: PHYSICAL SECURITY MARKET DRIVERS	148
TABLE 71	TRANSPORTATION AND LOGISTICS: PHYSICAL SECURITY MARKET, BY REGION,  2017–2022 (USD BILLION)	149
TABLE 72	TRANSPORTATION AND LOGISTICS: PHYSICAL SECURITY MARKET, BY REGION,  2023–2028 (USD BILLION)	149
10.7	RESIDENTIAL	149
10.7.1	NEED TO PREVENT INVASION AND BURGLARY TO FUEL DEMAND FOR PHYSICAL SECURITY IN RESIDENTIAL SECTOR	149
10.7.2	RESIDENTIAL: PHYSICAL SECURITY MARKET DRIVERS	150
TABLE 73	RESIDENTIAL: PHYSICAL SECURITY MARKET, BY REGION, 2017–2022 (USD BILLION)	150
TABLE 74	RESIDENTIAL: PHYSICAL SECURITY MARKET, BY REGION, 2023–2028 (USD BILLION)	150
10.8	EDUCATION	150
10.8.1	NEED TO FORTIFY EDUCATIONAL INSTITUTIONS WITH APPROPRIATE SECURITY TO DRIVE MARKET	150
10.8.2	EDUCATION: PHYSICAL SECURITY MARKET DRIVERS	151
TABLE 75	EDUCATION: PHYSICAL SECURITY MARKET, BY REGION, 2017–2022 (USD BILLION)	151
TABLE 76	EDUCATION: PHYSICAL SECURITY MARKET, BY REGION, 2023–2028 (USD BILLION)	151
10.9	AEROSPACE AND DEFENSE	152
10.9.1	NEED TO SHIELD CRITICAL ASSETS WITH REQUIRED SECURITY TO BOOST DEMAND FOR PHYSICAL SECURITY IN AEROSPACE AND DEFENSE	152
10.9.2	AEROSPACE AND DEFENSE: PHYSICAL SECURITY MARKET DRIVERS	152
TABLE 77	AEROSPACE AND DEFENSE: PHYSICAL SECURITY MARKET, BY REGION,  2017–2022 (USD BILLION)	152
TABLE 78	AEROSPACE AND DEFENSE: PHYSICAL SECURITY MARKET, BY REGION,  2023–2028 (USD BILLION)	153
10.10	IT AND ITES	153
10.10.1	ADVENT OF PROGRESSIVE CYBERATTACKS TO FUEL DEMAND FOR PHYSICAL SECURITY IN IT AND ITES	153
10.10.2	IT AND ITES: PHYSICAL SECURITY MARKET DRIVERS	153
TABLE 79	IT AND ITES: PHYSICAL SECURITY MARKET, BY REGION, 2017–2022 (USD BILLION)	154
TABLE 80	IT AND ITES: PHYSICAL SECURITY MARKET, BY REGION, 2023–2028 (USD BILLION)	154
10.11	OTHER VERTICALS	154
TABLE 81	OTHER VERTICALS: PHYSICAL SECURITY MARKET, BY REGION, 2017–2022 (USD BILLION)	155
TABLE 82	OTHER VERTICALS: PHYSICAL SECURITY MARKET, BY REGION, 2023–2028 (USD BILLION)	155
11	PHYSICAL SECURITY MARKET, BY REGION	156
11.1	INTRODUCTION	157
FIGURE 29	ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD	157
TABLE 83	PHYSICAL SECURITY MARKET, BY REGION, 2017–2022 (USD MILLION)	157
TABLE 84	PHYSICAL SECURITY MARKET, BY REGION, 2023–2028 (USD MILLION)	158
11.2	NORTH AMERICA	158
11.2.1	NORTH AMERICA: PHYSICAL SECURITY MARKET DRIVERS	159
11.2.2	NORTH AMERICA: RECESSION IMPACT	159
11.2.3	NORTH AMERICA: REGULATORY LANDSCAPE	159
FIGURE 30	NORTH AMERICA MARKET SNAPSHOT	160
TABLE 85	NORTH AMERICA: PHYSICAL SECURITY MARKET, BY COMPONENT,  2017–2022 (USD BILLION)	160
TABLE 86	NORTH AMERICA: PHYSICAL SECURITY MARKET, BY COMPONENT,  2023–2028 (USD BILLION)	161
TABLE 87	NORTH AMERICA: PHYSICAL SECURITY MARKET, BY SYSTEM,  2017–2022 (USD BILLION)	161
TABLE 88	NORTH AMERICA: PHYSICAL SECURITY MARKET, BY SYSTEM,  2023–2028 (USD BILLION)	161
TABLE 89	NORTH AMERICA: PHYSICAL SECURITY MARKET, BY SERVICE, 2017–2022 (USD BILLION)	162
TABLE 90	NORTH AMERICA: PHYSICAL SECURITY MARKET, BY SERVICE, 2023–2028 (USD BILLION)	162
TABLE 91	NORTH AMERICA: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE,  2017–2022 (USD BILLION)	162
TABLE 92	NORTH AMERICA: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE,  2023–2028 (USD BILLION)	162
TABLE 93	NORTH AMERICA: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE,  2017–2022 (USD BILLION)	163
TABLE 94	NORTH AMERICA: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE,  2023–2028 (USD BILLION)	163
TABLE 95	NORTH AMERICA: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE,  2017–2022 (USD BILLION)	163
TABLE 96	NORTH AMERICA: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE,  2023–2028 (USD BILLION)	163
TABLE 97	NORTH AMERICA: PHYSICAL SECURITY MARKET, BY VERTICAL,  2017–2022 (USD BILLION)	164
TABLE 98	NORTH AMERICA: PHYSICAL SECURITY MARKET, BY VERTICAL,  2023–2028 (USD BILLION)	164
TABLE 99	NORTH AMERICA: PHYSICAL SECURITY MARKET, BY COUNTRY,  2017–2022 (USD BILLION)	165
TABLE 100	NORTH AMERICA: PHYSICAL SECURITY MARKET, BY COUNTRY,  2023–2028 (USD BILLION)	165
11.2.4	US	165
11.2.4.1	Adoption of video surveillance to combat rising cases of identity theft	165
TABLE 101	US: PHYSICAL SECURITY MARKET, BY COMPONENT, 2017–2022 (USD BILLION)	166
TABLE 102	US: PHYSICAL SECURITY MARKET, BY COMPONENT, 2023–2028 (USD BILLION)	166
TABLE 103	US: PHYSICAL SECURITY MARKET, BY SYSTEM, 2017–2022 (USD BILLION)	166
TABLE 104	US: PHYSICAL SECURITY MARKET, BY SYSTEM, 2023–2028 (USD BILLION)	167
TABLE 105	US: PHYSICAL SECURITY MARKET, BY SERVICE, 2017–2022 (USD BILLION)	167
TABLE 106	US: PHYSICAL SECURITY MARKET, BY SERVICE, 2023–2028 (USD BILLION)	167
TABLE 107	US: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE,  2017–2022 (USD BILLION)	168
TABLE 108	US: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE,  2023–2028 (USD BILLION)	168
TABLE 109	US: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2017–2022 (USD BILLION)	168
TABLE 110	US: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2023–2028 (USD BILLION)	169
TABLE 111	US: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD BILLION)	169
TABLE 112	US: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)	169
TABLE 113	US: PHYSICAL SECURITY MARKET, BY VERTICAL, 2017–2022 (USD BILLION)	170
TABLE 114	US: PHYSICAL SECURITY MARKET, BY VERTICAL, 2023–2028 (USD BILLION)	170
11.2.5	CANADA	171
11.2.5.1	Adoption of advanced technologies to strengthen physical security measures	171
TABLE 115	CANADA: PHYSICAL SECURITY MARKET, BY COMPONENT, 2017–2022 (USD BILLION)	171
TABLE 116	CANADA: PHYSICAL SECURITY MARKET, BY COMPONENT, 2023–2028 (USD BILLION)	171
TABLE 117	CANADA: PHYSICAL SECURITY MARKET, BY SYSTEM, 2017–2022 (USD BILLION)	172
TABLE 118	CANADA: PHYSICAL SECURITY MARKET, BY SYSTEM, 2023–2028 (USD BILLION)	172
TABLE 119	CANADA: PHYSICAL SECURITY MARKET, BY SERVICE, 2017–2022 (USD BILLION)	172
TABLE 120	CANADA: PHYSICAL SECURITY MARKET, BY SERVICE, 2023–2028 (USD BILLION)	173
TABLE 121	CANADA: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE,  2017–2022 (USD BILLION)	173
TABLE 122	CANADA: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE,  2023–2028 (USD BILLION)	173
TABLE 123	CANADA: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE,  2017–2022 (USD BILLION)	174
TABLE 124	CANADA: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE,  2023–2028 (USD BILLION)	174
TABLE 125	CANADA: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE,  2017–2022 (USD BILLION)	174
TABLE 126	CANADA: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE,  2023–2028 (USD BILLION)	174
TABLE 127	CANADA: PHYSICAL SECURITY MARKET, BY VERTICAL, 2017–2022 (USD BILLION)	175
TABLE 128	CANADA: PHYSICAL SECURITY MARKET, BY VERTICAL, 2023–2028 (USD BILLION)	175
11.3	EUROPE	176
11.3.1	EUROPE: PHYSICAL SECURITY MARKET DRIVERS	176
11.3.2	EUROPE: RECESSION IMPACT	176
11.3.3	EUROPE: REGULATORY LANDSCAPE	176
TABLE 129	EUROPE: PHYSICAL SECURITY MARKET, BY COMPONENT, 2017–2022 (USD BILLION)	177
TABLE 130	EUROPE: PHYSICAL SECURITY MARKET, BY COMPONENT, 2023–2028 (USD BILLION)	177
TABLE 131	EUROPE: PHYSICAL SECURITY MARKET, BY SYSTEM, 2017–2022 (USD BILLION)	177
TABLE 132	EUROPE: PHYSICAL SECURITY MARKET, BY SYSTEM, 2023–2028 (USD BILLION)	178
TABLE 133	EUROPE: PHYSICAL SECURITY MARKET, BY SERVICE, 2017–2022 (USD BILLION)	178
TABLE 134	EUROPE: PHYSICAL SECURITY MARKET, BY SERVICE, 2023–2028 (USD BILLION)	178
TABLE 135	EUROPE: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE,  2017–2022 (USD BILLION)	179
TABLE 136	EUROPE: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE,  2023–2028 (USD BILLION)	179
TABLE 137	EUROPE: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE,  2017–2022 (USD BILLION)	179
TABLE 138	EUROPE: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE,  2023–2028 (USD BILLION)	180
TABLE 139	EUROPE: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE,  2017–2022 (USD BILLION)	180
TABLE 140	EUROPE: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE,  2023–2028 (USD BILLION)	180
TABLE 141	EUROPE: PHYSICAL SECURITY MARKET, BY VERTICAL, 2017–2022 (USD BILLION)	181
TABLE 142	EUROPE: PHYSICAL SECURITY MARKET, BY VERTICAL, 2023–2028 (USD BILLION)	181
TABLE 143	EUROPE: PHYSICAL SECURITY MARKET, BY COUNTRY, 2017–2022 (USD BILLION)	182
TABLE 144	EUROPE: PHYSICAL SECURITY MARKET, BY COUNTRY, 2023–2028 (USD BILLION)	182
11.3.4	UK	182
11.3.4.1	Need for safe and secure working environment to drive growth of physical security in UK	182
TABLE 145	UK: PHYSICAL SECURITY MARKET, BY COMPONENT, 2017–2022 (USD BILLION)	183
TABLE 146	UK: PHYSICAL SECURITY MARKET, BY COMPONENT, 2023–2028 (USD BILLION)	183
TABLE 147	UK: PHYSICAL SECURITY MARKET, BY SYSTEM, 2017–2022 (USD BILLION)	183
TABLE 148	UK: PHYSICAL SECURITY MARKET, BY SYSTEM, 2023–2028 (USD BILLION)	184
TABLE 149	UK: PHYSICAL SECURITY MARKET, BY SERVICE, 2017–2022 (USD BILLION)	184
TABLE 150	UK: PHYSICAL SECURITY MARKET, BY SERVICE, 2023–2028 (USD BILLION)	184
TABLE 151	UK: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE,  2017–2022 (USD BILLION)	185
TABLE 152	UK: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE,  2023–2028 (USD BILLION)	185
TABLE 153	UK: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2017–2022 (USD BILLION)	185
TABLE 154	UK: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2023–2028 (USD BILLION)	186
TABLE 155	UK: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD BILLION)	186
TABLE 156	UK: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION)	186
TABLE 157	UK: PHYSICAL SECURITY MARKET, BY VERTICAL, 2017–2022 (USD BILLION)	187
TABLE 158	UK: PHYSICAL SECURITY MARKET, BY VERTICAL, 2023–2028 (USD BILLION)	187
11.3.5	GERMANY	188
11.3.5.1	Widespread usage of access control systems to drive growth	188
TABLE 159	GERMANY: PHYSICAL SECURITY MARKET, BY COMPONENT, 2017–2022 (USD BILLION)	188
TABLE 160	GERMANY: PHYSICAL SECURITY MARKET, BY COMPONENT, 2023–2028 (USD BILLION)	188
TABLE 161	GERMANY: PHYSICAL SECURITY MARKET, BY SYSTEM, 2017–2022 (USD BILLION)	189
TABLE 162	GERMANY: PHYSICAL SECURITY MARKET, BY SYSTEM, 2023–2028 (USD BILLION)	189
TABLE 163	GERMANY: PHYSICAL SECURITY MARKET, BY SERVICE, 2017–2022 (USD BILLION)	189
TABLE 164	GERMANY: PHYSICAL SECURITY MARKET, BY SERVICE, 2023–2028 (USD BILLION)	190
TABLE 165	GERMANY: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE,  2017–2022 (USD BILLION)	190
TABLE 166	GERMANY: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE,  2023–2028 (USD BILLION)	190
TABLE 167	GERMANY: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE,  2017–2022 (USD BILLION)	191
TABLE 168	GERMANY: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE,  2023–2028 (USD BILLION)	191
TABLE 169	GERMANY: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE,  2017–2022 (USD BILLION)	191
TABLE 170	GERMANY: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE,  2023–2028 (USD BILLION)	191
TABLE 171	GERMANY: PHYSICAL SECURITY MARKET, BY VERTICAL, 2017–2022 (USD BILLION)	192
TABLE 172	GERMANY: PHYSICAL SECURITY MARKET, BY VERTICAL, 2023–2028 (USD BILLION)	192
11.3.6	FRANCE	193
11.3.6.1	France to balance physical security and AI surveillance dilemma	193
TABLE 173	FRANCE: PHYSICAL SECURITY MARKET, BY COMPONENT, 2017–2022 (USD BILLION)	193
TABLE 174	FRANCE: PHYSICAL SECURITY MARKET, BY COMPONENT, 2023–2028 (USD BILLION)	193
TABLE 175	FRANCE: PHYSICAL SECURITY MARKET, BY SYSTEM, 2017–2022 (USD BILLION)	194
TABLE 176	FRANCE: PHYSICAL SECURITY MARKET, BY SYSTEM, 2023–2028 (USD BILLION)	194
TABLE 177	FRANCE: PHYSICAL SECURITY MARKET, BY SERVICE, 2017–2022 (USD BILLION)	194
TABLE 178	FRANCE: PHYSICAL SECURITY MARKET, BY SERVICE, 2023–2028 (USD BILLION)	195
TABLE 179	FRANCE: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE,  2017–2022 (USD BILLION)	195
TABLE 180	FRANCE: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE,  2023–2028 (USD BILLION)	195
TABLE 181	FRANCE: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE,  2017–2022 (USD BILLION)	196
TABLE 182	FRANCE: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2023–2028 (USD BILLION)	196
TABLE 183	FRANCE: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE,  2017–2022 (USD BILLION)	196
TABLE 184	FRANCE: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE,  2023–2028 (USD BILLION)	196
TABLE 185	FRANCE: PHYSICAL SECURITY MARKET, BY VERTICAL, 2017–2022 (USD BILLION)	197
TABLE 186	FRANCE: PHYSICAL SECURITY MARKET, BY VERTICAL, 2023–2028 (USD BILLION)	197
11.3.7	REST OF EUROPE	197
TABLE 187	REST OF EUROPE: PHYSICAL SECURITY MARKET, BY COMPONENT,  2017–2022 (USD BILLION)	198
TABLE 188	REST OF EUROPE: PHYSICAL SECURITY MARKET, BY COMPONENT,  2023–2028 (USD BILLION)	198
TABLE 189	REST OF EUROPE: PHYSICAL SECURITY MARKET, BY SYSTEM, 2017–2022 (USD BILLION)	199
TABLE 190	REST OF EUROPE: PHYSICAL SECURITY MARKET, BY SYSTEM, 2023–2028 (USD BILLION)	199
TABLE 191	REST OF EUROPE: PHYSICAL SECURITY MARKET, BY SERVICE, 2017–2022 (USD BILLION)	199
TABLE 192	REST OF EUROPE: PHYSICAL SECURITY MARKET, BY SERVICE, 2023–2028 (USD BILLION)	200
TABLE 193	REST OF EUROPE: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE,  2017–2022 (USD BILLION)	200
TABLE 194	REST OF EUROPE: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE,  2023–2028 (USD BILLION)	200
TABLE 195	REST OF EUROPE: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE,  2017–2022 (USD BILLION)	201
TABLE 196	REST OF EUROPE: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE,  2023–2028 (USD BILLION)	201
TABLE 197	REST OF EUROPE: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE,  2017–2022 (USD BILLION)	201
TABLE 198	REST OF EUROPE: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE,  2023–2028 (USD BILLION)	201
TABLE 199	REST OF EUROPE: PHYSICAL SECURITY MARKET, BY VERTICAL,  2017–2022 (USD BILLION)	202
TABLE 200	REST OF EUROPE: PHYSICAL SECURITY MARKET, BY VERTICAL,  2023–2028 (USD BILLION)	202
11.4.1 ASIA PACIFIC: PHYSICAL SECURITY MARKET DRIVERS 203
11.4.2 ASIA PACIFIC: RECESSION IMPACT 203
11.4.3 ASIA PACIFIC: REGULATORY LANDSCAPE 203
FIGURE 31 ASIA PACIFIC: MARKET SNAPSHOT 204
TABLE 201 ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY COMPONENT, 2017–2022 (USD BILLION) 204
TABLE 202 ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY COMPONENT, 2023–2028 (USD BILLION) 205
TABLE 203 ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY SYSTEM, 2017–2022 (USD BILLION) 205
TABLE 204 ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY SYSTEM, 2023–2028 (USD BILLION) 205
TABLE 205 ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY SERVICE, 2017–2022 (USD BILLION) 206
TABLE 206 ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY SERVICE, 2023–2028 (USD BILLION) 206
TABLE 207 ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2017–2022 (USD BILLION) 206
TABLE 208 ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD BILLION) 206
TABLE 209 ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2017–2022 (USD BILLION) 207
TABLE 210 ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2023–2028 (USD BILLION) 207
TABLE 211 ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD BILLION) 207
TABLE 212 ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 207
TABLE 213 ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY VERTICAL, 2017–2022 (USD BILLION) 208
TABLE 214 ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY VERTICAL, 2023–2028 (USD BILLION) 208
TABLE 215 ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY COUNTRY, 2017–2022 (USD BILLION) 209
TABLE 216 ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 209
11.4.4 CHINA 209
11.4.4.1 Maximizing commercial revenue via advanced surveillance to drive growth 209
TABLE 217 CHINA: PHYSICAL SECURITY MARKET, BY COMPONENT, 2017–2022 (USD BILLION) 210
TABLE 218 CHINA: PHYSICAL SECURITY MARKET, BY COMPONENT, 2023–2028 (USD BILLION) 210
TABLE 219 CHINA: PHYSICAL SECURITY MARKET, BY SYSTEM, 2017–2022 (USD BILLION) 210
TABLE 220 CHINA: PHYSICAL SECURITY MARKET, BY SYSTEM, 2023–2028 (USD BILLION) 211
TABLE 221 CHINA: PHYSICAL SECURITY MARKET, BY SERVICE, 2017–2022 (USD BILLION) 211
TABLE 222 CHINA: PHYSICAL SECURITY MARKET, BY SERVICE, 2023–2028 (USD BILLION) 211
TABLE 223 CHINA: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2017–2022 (USD BILLION) 212
TABLE 224 CHINA: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD BILLION) 212
TABLE 225 CHINA: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2017–2022 (USD BILLION) 212
TABLE 226 CHINA: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2023–2028 (USD BILLION) 213
TABLE 227 CHINA: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD BILLION) 213
TABLE 228 CHINA: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 213
TABLE 229 CHINA: PHYSICAL SECURITY MARKET, BY VERTICAL, 2017–2022 (USD BILLION) 214
TABLE 230 CHINA: PHYSICAL SECURITY MARKET, BY VERTICAL, 2023–2028 (USD BILLION) 214
11.4.5 JAPAN 215
11.4.5.1 Strengthening digital initiatives to secure safety of citizens 215
TABLE 231 JAPAN: PHYSICAL SECURITY MARKET, BY COMPONENT, 2017–2022 (USD BILLION) 215
TABLE 232 JAPAN: PHYSICAL SECURITY MARKET, BY COMPONENT, 2023–2028 (USD BILLION) 215
TABLE 233 JAPAN: PHYSICAL SECURITY MARKET, BY SYSTEM, 2017–2022 (USD BILLION) 216
TABLE 234 JAPAN: PHYSICAL SECURITY MARKET, BY SYSTEM, 2023–2028 (USD BILLION) 216
TABLE 235 JAPAN: PHYSICAL SECURITY MARKET, BY SERVICE, 2017–2022 (USD BILLION) 216
TABLE 236 JAPAN: PHYSICAL SECURITY MARKET, BY SERVICE, 2023–2028 (USD BILLION) 217
TABLE 237 JAPAN: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2017–2022 (USD BILLION) 217
TABLE 238 JAPAN: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD BILLION) 217
TABLE 239 JAPAN: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2017–2022 (USD BILLION) 218
TABLE 240 JAPAN: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2023–2028 (USD BILLION) 218
TABLE 241 JAPAN: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD BILLION) 218
TABLE 242 JAPAN: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 218
TABLE 243 JAPAN: PHYSICAL SECURITY MARKET, BY VERTICAL, 2017–2022 (USD BILLION) 219
TABLE 244 JAPAN: PHYSICAL SECURITY MARKET, BY VERTICAL, 2023–2028 (USD BILLION) 219
11.4.6 INDIA 220
11.4.6.1 Exposure to heightened cyber threats in India to drive physical security market 220
TABLE 245 INDIA: PHYSICAL SECURITY MARKET, BY COMPONENT, 2017–2022 (USD BILLION) 220
TABLE 246 INDIA: PHYSICAL SECURITY MARKET, BY COMPONENT, 2023–2028 (USD BILLION) 220
TABLE 247 INDIA: PHYSICAL SECURITY MARKET, BY SYSTEM, 2017–2022 (USD BILLION) 221
TABLE 248 INDIA: PHYSICAL SECURITY MARKET, BY SYSTEM, 2023–2028 (USD BILLION) 221
TABLE 249 INDIA: PHYSICAL SECURITY MARKET, BY SERVICE, 2017–2022 (USD BILLION) 221
TABLE 250 INDIA: PHYSICAL SECURITY MARKET, BY SERVICE, 2023–2028 (USD BILLION) 222
TABLE 251 INDIA: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2017–2022 (USD BILLION) 222
TABLE 252 INDIA: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD BILLION) 222
TABLE 253 INDIA: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2017–2022 (USD BILLION) 223
TABLE 254 INDIA: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2023–2028 (USD BILLION) 223
TABLE 255 INDIA: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD BILLION) 223
TABLE 256 INDIA: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 223
TABLE 257 INDIA: PHYSICAL SECURITY MARKET, BY VERTICAL, 2017–2022 (USD BILLION) 224
TABLE 258 INDIA: PHYSICAL SECURITY MARKET, BY VERTICAL, 2023–2028 (USD BILLION) 224
11.4.7 SINGAPORE 225
11.4.7.1 Robust physical security, extensive CCTV network, and cyber resilience focus to drive growth 225
TABLE 259 SINGAPORE: PHYSICAL SECURITY MARKET, BY COMPONENT, 2017–2022 (USD BILLION) 225
TABLE 260 SINGAPORE: PHYSICAL SECURITY MARKET, BY COMPONENT, 2023–2028 (USD BILLION) 225
TABLE 261 SINGAPORE: PHYSICAL SECURITY MARKET, BY SYSTEM, 2017–2022 (USD BILLION) 226
TABLE 262 SINGAPORE: PHYSICAL SECURITY MARKET, BY SYSTEM, 2023–2028 (USD BILLION) 226
TABLE 263 SINGAPORE: PHYSICAL SECURITY MARKET, BY SERVICE, 2017–2022 (USD BILLION) 226
TABLE 264 SINGAPORE: PHYSICAL SECURITY MARKET, BY SERVICE, 2023–2028 (USD BILLION) 227
TABLE 265 SINGAPORE: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2017–2022 (USD BILLION) 227
TABLE 266 SINGAPORE: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD BILLION) 227
TABLE 267 SINGAPORE: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2017–2022 (USD BILLION) 228
TABLE 268 SINGAPORE: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2023–2028 (USD BILLION) 228
TABLE 269 SINGAPORE: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD BILLION) 228
TABLE 270 SINGAPORE: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 228
TABLE 271 SINGAPORE: PHYSICAL SECURITY MARKET, BY VERTICAL, 2017–2022 (USD BILLION) 229
TABLE 272 SINGAPORE: PHYSICAL SECURITY MARKET, BY VERTICAL, 2023–2028 (USD BILLION) 229
11.4.8 AUSTRALIA AND NEW ZEALAND 230
11.4.8.1 Usage of CCTV to strengthen security aspect 230
TABLE 273 AUSTRALIA AND NEW ZEALAND: PHYSICAL SECURITY MARKET, BY COMPONENT, 2017–2022 (USD BILLION) 230
TABLE 274 AUSTRALIA AND NEW ZEALAND: PHYSICAL SECURITY MARKET, BY COMPONENT, 2023–2028 (USD BILLION) 230
TABLE 275 AUSTRALIA AND NEW ZEALAND: PHYSICAL SECURITY MARKET, BY SYSTEM, 2017–2022 (USD BILLION) 231
TABLE 276 AUSTRALIA AND NEW ZEALAND: PHYSICAL SECURITY MARKET, BY SYSTEM, 2023–2028 (USD BILLION) 231
TABLE 277 AUSTRALIA AND NEW ZEALAND: PHYSICAL SECURITY MARKET, BY SERVICE, 2017–2022 (USD BILLION) 231
TABLE 278 AUSTRALIA AND NEW ZEALAND: PHYSICAL SECURITY MARKET, BY SERVICE, 2023–2028 (USD BILLION) 232
TABLE 279 AUSTRALIA AND NEW ZEALAND: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2017–2022 (USD BILLION) 232
TABLE 280 AUSTRALIA AND NEW ZEALAND: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD BILLION) 232
TABLE 281 AUSTRALIA AND NEW ZEALAND: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2017–2022 (USD BILLION) 233
TABLE 282 AUSTRALIA AND NEW ZEALAND: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2023–2028 (USD BILLION) 233
TABLE 283 AUSTRALIA AND NEW ZEALAND: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD BILLION) 233
TABLE 284 AUSTRALIA AND NEW ZEALAND: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 233
TABLE 285 AUSTRALIA AND NEW ZEALAND: PHYSICAL SECURITY MARKET, BY VERTICAL, 2017–2022 (USD BILLION) 234
TABLE 286 AUSTRALIA AND NEW ZEALAND: PHYSICAL SECURITY MARKET, BY VERTICAL, 2023–2028 (USD BILLION) 234
11.4.9 REST OF ASIA PACIFIC 235
TABLE 287 REST OF ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY COMPONENT, 2017–2022 (USD BILLION) 235
TABLE 288 REST OF ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY COMPONENT, 2023–2028 (USD BILLION) 235
TABLE 289 REST OF ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY SYSTEM, 2017–2022 (USD BILLION) 236
TABLE 290 REST OF ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY SYSTEM, 2023–2028 (USD BILLION) 236
TABLE 291 REST OF ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY SERVICE, 2017–2022 (USD BILLION) 236
TABLE 292 REST OF ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY SERVICE, 2023–2028 (USD BILLION) 237
TABLE 293 REST OF ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2017–2022 (USD BILLION) 237
TABLE 294 REST OF ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD BILLION) 237
TABLE 295 REST OF ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2017–2022 (USD BILLION) 238
TABLE 296 REST OF ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2023–2028 (USD BILLION) 238
TABLE 297 REST OF ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD BILLION) 238
TABLE 298 REST OF ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 238
TABLE 299 REST OF ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY VERTICAL, 2017–2022 (USD BILLION) 239
TABLE 300 REST OF ASIA PACIFIC: PHYSICAL SECURITY MARKET, BY VERTICAL, 2023–2028 (USD BILLION) 239
11.5 MIDDLE EAST & AFRICA 240
11.5.1 MIDDLE EAST & AFRICA: PHYSICAL SECURITY MARKET DRIVERS 240
11.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT 240
11.5.3 MIDDLE EAST & AFRICA: REGULATORY LANDSCAPE 240
TABLE 301 MIDDLE EAST & AFRICA: PHYSICAL SECURITY MARKET, BY COMPONENT, 2017–2022 (USD BILLION) 241
TABLE 302 MIDDLE EAST & AFRICA: PHYSICAL SECURITY MARKET, BY COMPONENT, 2023–2028 (USD BILLION) 241
TABLE 303 MIDDLE EAST & AFRICA: PHYSICAL SECURITY MARKET, BY SYSTEM, 2017–2022 (USD BILLION) 241
TABLE 304 MIDDLE EAST & AFRICA: PHYSICAL SECURITY MARKET, BY SYSTEM, 2023–2028 (USD BILLION) 242
TABLE 305 MIDDLE EAST & AFRICA: PHYSICAL SECURITY MARKET, BY SERVICE, 2017–2022 (USD BILLION) 242
TABLE 306 MIDDLE EAST & AFRICA: PHYSICAL SECURITY MARKET, BY SERVICE, 2023–2028 (USD BILLION) 242
TABLE 307 MIDDLE EAST & AFRICA: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2017–2022 (USD BILLION) 243
TABLE 308 MIDDLE EAST & AFRICA: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD BILLION) 243
TABLE 309 MIDDLE EAST & AFRICA: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2017–2022 (USD BILLION) 243
TABLE 310 MIDDLE EAST & AFRICA: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2023–2028 (USD BILLION) 244
TABLE 311 MIDDLE EAST & AFRICA: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD BILLION) 244
TABLE 312 MIDDLE EAST & AFRICA: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 244
TABLE 313 MIDDLE EAST & AFRICA: PHYSICAL SECURITY MARKET, BY VERTICAL, 2017–2022 (USD BILLION) 245
TABLE 314 MIDDLE EAST & AFRICA: PHYSICAL SECURITY MARKET, BY VERTICAL, 2023–2028 (USD BILLION) 245
TABLE 315 MIDDLE EAST & AFRICA: PHYSICAL SECURITY MARKET, BY REGION, 2017–2022 (USD BILLION) 246
TABLE 316 MIDDLE EAST & AFRICA: PHYSICAL SECURITY MARKET, BY REGION, 2023–2028 (USD BILLION) 246
11.5.4 MIDDLE EAST 246
11.5.4.1 Significant developments in physical security to boost market 246
TABLE 317 MIDDLE EAST: PHYSICAL SECURITY MARKET, BY COMPONENT, 2017–2022 (USD BILLION) 247
TABLE 318 MIDDLE EAST: PHYSICAL SECURITY MARKET, BY COMPONENT, 2023–2028 (USD BILLION) 247
TABLE 319 MIDDLE EAST: PHYSICAL SECURITY MARKET, BY SYSTEM, 2017–2022 (USD BILLION) 247
TABLE 320 MIDDLE EAST: PHYSICAL SECURITY MARKET, BY SYSTEM, 2023–2028 (USD BILLION) 248
TABLE 321 MIDDLE EAST: PHYSICAL SECURITY MARKET, BY SERVICE, 2017–2022 (USD BILLION) 248
TABLE 322 MIDDLE EAST: PHYSICAL SECURITY MARKET, BY SERVICE, 2023–2028 (USD BILLION) 248
TABLE 323 MIDDLE EAST: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2017–2022 (USD BILLION) 249
TABLE 324 MIDDLE EAST: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD BILLION) 249
TABLE 325 MIDDLE EAST: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2017–2022 (USD BILLION) 249
TABLE 326 MIDDLE EAST: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2023–2028 (USD BILLION) 250
TABLE 327 MIDDLE EAST: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD BILLION) 250
TABLE 328 MIDDLE EAST: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 250
TABLE 329 MIDDLE EAST: PHYSICAL SECURITY MARKET, BY VERTICAL, 2017–2022 (USD BILLION) 251
TABLE 330 MIDDLE EAST: PHYSICAL SECURITY MARKET, BY VERTICAL, 2023–2028 (USD BILLION) 251
11.5.5 AFRICA 252
11.5.5.1 Need to safeguard critical infrastructure, sensitive data, and national interests from cyber threats to boost market 252
TABLE 331 AFRICA: PHYSICAL SECURITY MARKET, BY COMPONENT, 2017–2022 (USD BILLION) 252
TABLE 332 AFRICA: PHYSICAL SECURITY MARKET, BY COMPONENT, 2023–2028 (USD BILLION) 252
TABLE 333 AFRICA: PHYSICAL SECURITY MARKET, BY SYSTEM, 2017–2022 (USD BILLION) 253
TABLE 334 AFRICA: PHYSICAL SECURITY MARKET, BY SYSTEM, 2023–2028 (USD BILLION) 253
TABLE 335 AFRICA: PHYSICAL SECURITY MARKET, BY SERVICE, 2017–2022 (USD BILLION) 253
TABLE 336 AFRICA: PHYSICAL SECURITY MARKET, BY SERVICE, 2023–2028 (USD BILLION) 254
TABLE 337 AFRICA: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2017–2022 (USD BILLION) 254
TABLE 338 AFRICA: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD BILLION) 254
TABLE 339 AFRICA: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2017–2022 (USD BILLION) 255
TABLE 340 AFRICA: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2023–2028 (USD BILLION) 255
TABLE 341 AFRICA: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD BILLION) 255
TABLE 342 AFRICA: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 255
TABLE 343 AFRICA: PHYSICAL SECURITY MARKET, BY VERTICAL, 2017–2022 (USD BILLION) 256
TABLE 344 AFRICA: PHYSICAL SECURITY MARKET, BY VERTICAL, 2023–2028 (USD BILLION) 256
11.6 LATIN AMERICA 257
11.6.1 LATIN AMERICA: PHYSICAL SECURITY MARKET DRIVERS 257
11.6.2 LATIN AMERICA: RECESSION IMPACT 257
TABLE 345 LATIN AMERICA: REGULATORY LANDSCAPE 257
TABLE 346 LATIN AMERICA: PHYSICAL SECURITY MARKET, BY COMPONENT, 2017–2022 (USD BILLION) 258
TABLE 347 LATIN AMERICA: PHYSICAL SECURITY MARKET, BY COMPONENT, 2023–2028 (USD BILLION) 258
TABLE 348 LATIN AMERICA: PHYSICAL SECURITY MARKET, BY SYSTEM, 2017–2022 (USD BILLION) 258
TABLE 349 LATIN AMERICA: PHYSICAL SECURITY MARKET, BY SYSTEM, 2023–2028 (USD BILLION) 259
TABLE 350 LATIN AMERICA: PHYSICAL SECURITY MARKET, BY SERVICE, 2017–2022 (USD BILLION) 259
TABLE 351 LATIN AMERICA: PHYSICAL SECURITY MARKET, BY SERVICE, 2023–2028 (USD BILLION) 259
TABLE 352 LATIN AMERICA: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2017–2022 (USD BILLION) 260
TABLE 353 LATIN AMERICA: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD BILLION) 260
TABLE 354 LATIN AMERICA: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2017–2022 (USD BILLION) 260
TABLE 355 LATIN AMERICA: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2023–2028 (USD BILLION) 261
TABLE 356 LATIN AMERICA: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD BILLION) 261
TABLE 357 LATIN AMERICA: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 261
TABLE 358 LATIN AMERICA: PHYSICAL SECURITY MARKET, BY VERTICAL, 2017–2022 (USD BILLION) 262
TABLE 359 LATIN AMERICA: PHYSICAL SECURITY MARKET, BY VERTICAL, 2023–2028 (USD BILLION) 262
TABLE 360 LATIN AMERICA: PHYSICAL SECURITY MARKET, BY REGION, 2017–2022 (USD BILLION) 263
TABLE 361 LATIN AMERICA: PHYSICAL SECURITY MARKET, BY REGION, 2023–2028 (USD BILLION) 263
11.6.3 BRAZIL 263
11.6.3.1 Improvised security systems to detect intrusions to fuel market growth 263
TABLE 362 BRAZIL: PHYSICAL SECURITY MARKET, BY COMPONENT, 2017–2022 (USD BILLION) 264
TABLE 363 BRAZIL: PHYSICAL SECURITY MARKET, BY COMPONENT, 2023–2028 (USD BILLION) 264
TABLE 364 BRAZIL: PHYSICAL SECURITY MARKET, BY SYSTEM, 2017–2022 (USD BILLION) 264
TABLE 365 BRAZIL: PHYSICAL SECURITY MARKET, BY SYSTEM, 2023–2028 (USD BILLION) 265
TABLE 366 BRAZIL: PHYSICAL SECURITY MARKET, BY SERVICE, 2017–2022 (USD BILLION) 265
TABLE 367 BRAZIL: PHYSICAL SECURITY MARKET, BY SERVICE, 2023–2028 (USD BILLION) 265
TABLE 368 BRAZIL: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2017–2022 (USD BILLION) 266
TABLE 369 BRAZIL: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD BILLION) 266
TABLE 370 BRAZIL: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2017–2022 (USD BILLION) 266
TABLE 371 BRAZIL: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2023–2028 (USD BILLION) 267
TABLE 372 BRAZIL: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD BILLION) 267
TABLE 373 BRAZIL: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 267
TABLE 374 BRAZIL: PHYSICAL SECURITY MARKET, BY VERTICAL, 2017–2022 (USD BILLION) 268
TABLE 375 BRAZIL: PHYSICAL SECURITY MARKET, BY VERTICAL, 2023–2028 (USD BILLION) 268
11.6.4 MEXICO 269
11.6.4.1 Significant crime rate and challenges arising out of regional complexities to drive market 269
TABLE 376 MEXICO: PHYSICAL SECURITY MARKET, BY COMPONENT, 2017–2022 (USD BILLION) 269
TABLE 377 MEXICO: PHYSICAL SECURITY MARKET, BY COMPONENT, 2023–2028 (USD BILLION) 269
TABLE 378 MEXICO: PHYSICAL SECURITY MARKET, BY SYSTEM, 2017–2022 (USD BILLION) 270
TABLE 379 MEXICO: PHYSICAL SECURITY MARKET, BY SYSTEM, 2023–2028 (USD BILLION) 270
TABLE 380 MEXICO: PHYSICAL SECURITY MARKET, BY SERVICE, 2017–2022 (USD BILLION) 270
TABLE 381 MEXICO: PHYSICAL SECURITY MARKET, BY SERVICE, 2023–2028 (USD BILLION) 271
TABLE 382 MEXICO: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2017–2022 (USD BILLION) 271
TABLE 383 MEXICO: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD BILLION) 271
TABLE 384 MEXICO: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2017–2022 (USD BILLION) 272
TABLE 385 MEXICO: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2023–2028 (USD BILLION) 272
TABLE 386 MEXICO: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD BILLION) 272
TABLE 387 MEXICO: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 272
TABLE 388 MEXICO: PHYSICAL SECURITY MARKET, BY VERTICAL, 2017–2022 (USD BILLION) 273
TABLE 389 MEXICO: PHYSICAL SECURITY MARKET, BY VERTICAL, 2023–2028 (USD BILLION) 273
11.6.5 REST OF LATIN AMERICA 274
TABLE 390 REST OF LATIN AMERICA: PHYSICAL SECURITY MARKET, BY COMPONENT, 2017–2022 (USD BILLION) 274
TABLE 391 REST OF LATIN AMERICA: PHYSICAL SECURITY MARKET, BY COMPONENT, 2023–2028 (USD BILLION) 274
TABLE 392 REST OF LATIN AMERICA: PHYSICAL SECURITY MARKET, BY SYSTEM, 2017–2022 (USD BILLION) 275
TABLE 393 REST OF LATIN AMERICA: PHYSICAL SECURITY MARKET, BY SYSTEM, 2023–2028 (USD BILLION) 275
TABLE 394 REST OF LATIN AMERICA: PHYSICAL SECURITY MARKET, BY SERVICE, 2017–2022 (USD BILLION) 275
TABLE 395 REST OF LATIN AMERICA: PHYSICAL SECURITY MARKET, BY SERVICE, 2023–2028 (USD BILLION) 276
TABLE 396 REST OF LATIN AMERICA: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2017–2022 (USD BILLION) 276
TABLE 397 REST OF LATIN AMERICA: PHYSICAL SECURITY MARKET, BY PROFESSIONAL SERVICE, 2023–2028 (USD BILLION) 276
TABLE 398 REST OF LATIN AMERICA: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2017–2022 (USD BILLION) 277
TABLE 399 REST OF LATIN AMERICA: PHYSICAL SECURITY MARKET, BY MANAGED SERVICE, 2023–2028 (USD BILLION) 277
TABLE 400 REST OF LATIN AMERICA: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2017–2022 (USD BILLION) 277
TABLE 401 REST OF LATIN AMERICA: PHYSICAL SECURITY MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD BILLION) 277
TABLE 402 REST OF LATIN AMERICA: PHYSICAL SECURITY MARKET, BY VERTICAL, 2017–2022 (USD BILLION) 278
TABLE 403 REST OF LATIN AMERICA: PHYSICAL SECURITY MARKET, BY VERTICAL, 2023–2028 (USD BILLION) 278
12 COMPETITIVE LANDSCAPE 279
12.1 OVERVIEW 279
12.2 REVENUE ANALYSIS FOR KEY PLAYERS 279
12.3 MARKET SHARE ANALYSIS FOR KEY PLAYERS 279
FIGURE 32 MARKET SHARE ANALYSIS FOR KEY PLAYERS, 2022 280
TABLE 404 INTENSITY OF COMPETITIVE RIVALRY 280
12.4 HISTORICAL REVENUE ANALYSIS FOR KEY PLAYERS 281
FIGURE 33 HISTORICAL REVENUE ANALYSIS FOR KEY PLAYERS, 2020–2022 (USD BILLION) 281
12.5 RANKING OF KEY PLAYERS 281
FIGURE 34 RANKING OF KEY PLAYERS 281
12.6 COMPANY EVALUATION MATRIX FOR KEY PLAYERS, 2023 281
12.6.1 DEFINITION AND METHODOLOGY 281
12.6.2 STARS 282
12.6.3 EMERGING LEADERS 282
12.6.4 PERVASIVE PLAYERS 282
12.6.5 PARTICIPANTS 283
12.7 COMPETITIVE BENCHMARKING 283
TABLE 405 OVERALL COMPANY FOOTPRINT 283
TABLE 406 COMPANY FOOTPRINT, BY SYSTEM 284
TABLE 407 COMPANY FOOTPRINT, BY INDUSTRY 285
TABLE 408 COMPANY FOOTPRINT, BY REGION 286
FIGURE 35 COMPANY EVALUATION MATRIX FOR KEY PLAYERS, 2023 287
12.8 COMPANY EVALUATION MATRIX FOR STARTUPS/SMES, 2023 287
TABLE 409 LIST OF STARTUPS/SMES 287
12.8.1 DEFINITION AND METHODOLOGY 288
12.8.2 PROGRESSIVE COMPANIES 288
12.8.3 RESPONSIVE COMPANIES 288
12.8.4 DYNAMIC COMPANIES 288
12.8.5 STARTING BLOCKS 288
FIGURE 36 COMPANY EVALUATION MATRIX FOR STARTUPS/SMES, 2023 289
12.9 GLOBAL SNAPSHOT OF KEY PLAYERS AND THEIR HEADQUARTERS 290
FIGURE 37 REGIONAL SNAPSHOT 290
12.10 VALUATION AND FINANCIAL METRICS OF PHYSICAL SECURITY VENDORS 290
FIGURE 38 VALUATION AND FINANCIAL METRICS OF PHYSICAL SECURITY VENDORS 290
12.11 COMPETITIVE SCENARIO 291
TABLE 410 PHYSICAL SECURITY MARKET: PRODUCT LAUNCHES, 2020–2023 291
TABLE 411 PHYSICAL SECURITY MARKET: DEALS, 2020–2023 293
13 COMPANY PROFILES 297
13.1 KEY PLAYERS 297
(Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Key strengths, Strategic choices, and Weaknesses and competitive threats)*
13.1.1 JOHNSON CONTROLS 297
TABLE 412 JOHNSON CONTROLS: BUSINESS OVERVIEW 297
FIGURE 39 JOHNSON CONTROLS: COMPANY SNAPSHOT 298
TABLE 413 JOHNSON CONTROLS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 298
TABLE 414 JOHNSON CONTROLS: PRODUCT LAUNCHES 299
TABLE 415 JOHNSON CONTROLS: DEALS 299
13.1.2 BOSCH BUILDING TECHNOLOGIES 301
TABLE 416 BOSCH BUILDING TECHNOLOGIES: BUSINESS OVERVIEW 301
TABLE 417 BOSCH BUILDING TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 301
TABLE 418 BOSCH BUILDING TECHNOLOGIES: PRODUCT LAUNCHES 302
TABLE 419 BOSCH BUILDING TECHNOLOGIES: DEALS 303
13.1.3 HONEYWELL 305
TABLE 420 HONEYWELL: BUSINESS OVERVIEW 305
FIGURE 40 HONEYWELL: COMPANY SNAPSHOT 306
TABLE 421 HONEYWELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 306
TABLE 422 HONEYWELL: PRODUCT LAUNCHES 307
TABLE 423 HONEYWELL: DEALS 307
13.1.4 ADT 309
TABLE 424 ADT: BUSINESS OVERVIEW 309
FIGURE 41 ADT: COMPANY SNAPSHOT 309
TABLE 425 ADT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 310
TABLE 426 ADT: PRODUCT LAUNCHES 311
TABLE 427 ADT: DEALS 312
13.1.5 CISCO 314
TABLE 428 CISCO: BUSINESS OVERVIEW 314
FIGURE 42 CISCO: COMPANY SNAPSHOT 315
TABLE 429 CISCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 315
TABLE 430 CISCO: PRODUCT LAUNCHES 316
TABLE 431 CISCO: DEALS 316
13.1.6 TELUS 318
TABLE 432 TELUS: BUSINESS OVERVIEW 318
FIGURE 43 TELUS: COMPANY SNAPSHOT 318
TABLE 433 TELUS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 319
TABLE 434 TELUS: DEALS 319
13.1.7 WESCO 320
TABLE 435 WESCO: BUSINESS OVERVIEW 320
FIGURE 44 WESCO: COMPANY SNAPSHOT 320
TABLE 436 WESCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 321
TABLE 437 WESCO: DEALS 321
13.1.8 GENETEC 322
TABLE 438 GENETEC: BUSINESS OVERVIEW 322
TABLE 439 GENETEC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 322
TABLE 440 GENETEC: PRODUCT LAUNCHES 323
TABLE 441 GENETEC: DEALS 323
13.1.9 HID GLOBAL 324
TABLE 442 HID GLOBAL: BUSINESS OVERVIEW 324
TABLE 443 HID GLOBAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 324
TABLE 444 HID GLOBAL: PRODUCT LAUNCHES 325
TABLE 445 HID GLOBAL: DEALS 325
13.1.10 PELCO 326
TABLE 446 PELCO: BUSINESS OVERVIEW 326
TABLE 447 PELCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 326
13.1.11 HIKVISION 327
TABLE 448 HIKVISION: BUSINESS OVERVIEW 327
FIGURE 45 HIKVISION: COMPANY SNAPSHOT 327
TABLE 449 HIKVISION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 327
TABLE 450 HIKVISION: PRODUCT LAUNCHES 328
TABLE 451 HIKVISION: DEALS 328
13.2 OTHER PLAYERS 329
13.2.1 GALLAGHER 329
13.2.2 SECOM 330
13.2.3 ALLIED UNIVERSAL 331
13.2.4 ZHEJIANG DAHUA TECHNOLOGY 332
13.2.5 AXIS COMMUNICATIONS 333
13.2.6 HANWHA VISION AMERICA 334
13.2.7 TELEDYNE FLIR 334
13.2.8 HEXAGON AB 335
13.2.9 GENERAL DYNAMICS 336
13.2.10 BAE SYSTEMS 337
13.2.11 HUAWEI 338
13.2.12 NEC 338
13.3 STARTUPS 339
13.3.1 QOGNIFY 339
13.3.2 SMARTCONE TECHNOLOGIES 340
13.3.3 VERKADA 340
13.3.4 IOTAS 341
13.3.5 CLOUDASTRUCTURE 341
*Details on Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Key strengths, Strategic choices, and Weaknesses and competitive threats might not be captured in case of unlisted companies.
14 ADJACENT MARKETS 342
14.1 INTRODUCTION TO ADJACENT MARKETS 342
TABLE 452 ADJACENT MARKETS AND FORECASTS 342
14.2 LIMITATIONS 342
14.3 ADJACENT MARKETS 342
14.3.1 CRITICAL INFRASTRUCTURE PROTECTION MARKET 342
TABLE 453 CRITICAL INFRASTRUCTURE PROTECTION MARKET, BY COMPONENT, 2016–2020 (USD MILLION) 342
TABLE 454 CRITICAL INFRASTRUCTURE PROTECTION MARKET, BY COMPONENT, 2021–2027 (USD MILLION) 343
TABLE 455 CRITICAL INFRASTRUCTURE PROTECTION MARKET, BY SECURITY TYPE, 2016–2020 (USD MILLION) 343
TABLE 456 CRITICAL INFRASTRUCTURE PROTECTION MARKET, BY SECURITY TYPE, 2021–2027 (USD MILLION) 343
14.3.2 PUBLIC SAFETY AND SECURITY MARKET 343
TABLE 457 PUBLIC SAFETY AND SECURITY MARKET, BY SOLUTION, 2015–2020 (USD MILLION) 344
TABLE 458 PUBLIC SAFETY AND SECURITY MARKET, BY SOLUTION, 2021–2027 (USD MILLION) 344
14.3.3 PERIMETER INTRUSION DETECTION SYSTEMS MARKET 344
TABLE 459 PERIMETER INTRUSION DETECTION SYSTEMS MARKET, BY COMPONENT, 2016–2023 (USD MILLION) 345
TABLE 460 SOLUTIONS: PERIMETER INTRUSION DETECTION SYSTEMS MARKET, BY TYPE, 2016–2023 (USD MILLION) 345
15 APPENDIX 346
15.1 DISCUSSION GUIDE 346
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 350
15.3 CUSTOMIZATION OPTIONS 352
15.4 RELATED REPORTS 352
15.5 AUTHOR DETAILS 353
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