physical security market – Peter Cavicchia II

Video Surveillance and New Access Control Tech Driving Physical Security Market

Much has been made recently of how the physical security market is growing by leaps and bounds. In 2020, the physical security market stood at a $104.6 billion valuation, and is expected to jump to $192.9 billion by 2030.

Driving that growth is the unfortunate increase in terror attacks and ever more sophisticated threats that face companies worldwide, according to a press release from Allied Analytics.

A Booming Industry: Global Physical Security Industry to Make $153B by 2023

Something that those in the physical security world know is that it is a thriving industry. In recent years, as unprecedented security threats have emerged worldwide — from growing mass cybersecurity hacks to complications brought about by the COVID-19 pandemic — keeping firms’ data and assets safe has been a pressing priority. A new reportContinue reading “A Booming Industry: Global Physical Security Industry to Make $153B by 2023”