Physical Security Market Analysis

Physical Security Market Analysis

The U.S. video surveillance market is set to register growth at more than 10% through 2027. The expanding hospitality industry in the U.S. will offer strong growth opportunities to the physical security market. According to the U.S. Department of Commerce projection, the U.S. will host 95.5 million international visitors annually by 2023.

The physical security systems enable officials to monitor areas in a large hotel from a unified platform. The hotels employ an integrated video surveillance system by installing cameras at different locations. These cameras display the recording on large screens monitored by the concerned authorities. This enables security personnel to view different locations in real time from a single platform and take proactive measures whenever required. High demand for advanced video surveillance solutions will spur market growth.

Germany physical security industry share valued at USD 4 billion in 2020 and the region is projected to observe strong growth through 2027. The manufacturing sector in the region employs physical security systems for improved safety at production facilities. The established automotive manufacturers in Germany, such as BMW AG, Mercedes-Benz, and Audi AG, are employing sophisticated physical security systems at manufacturing plants to ensure employee and facility safety. These manufacturers use efficient access control systems to ensure authorized entry at gates.
 

These systems are connected to alarms that alert authorities in case of unwanted intrusion. As these manufacturers employ expensive equipment and machines at facilities, there is a high demand for advanced physical security systems. Adoption of video cameras and access control solutions will drive the market outlook.
 

The Middle East & Africa physical security market demand is anticipated to expand at 11% CAGR over 2021 to 2027. Large malls and hypermarkets form a key part of the UAE retail market. In November 2019, Ajman mall upgraded from a community center to a regional shopping center comprising 130 international brands and a large hypermarket. Similarly, Abu Dhabi’s Reem Island has become one of the city’s largest shopping outlets called the Reem Mall.
 

Growth of the retail market will spur the demand for advanced physical security screening solutions. In Saudi Arabia, merchandizing market in Jeddah and Riyadh has witnessed growth, with overall retail space in the country’s capital estimated to attain 2.7 million square meters by 2021. Large retailers deploy physical security systems to track harmful objects and track intruders. Increasing adoption of metal detectors & scanners at stores is likely to fuel the market statistics.