Physical Security Market Size, Share, Analysis, Report, 2022-2027
The latest research study “ Physical Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ” by IMARC Group, finds that the global physical security market size reached US$ 108.45 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 160.76 Billion by 2027, exhibiting a growth rate (CAGR) of 6.60% during 2022-2027. Physical security protects physical assets, personnel, software, hardware, networks, and property from physical actions and events that could cause profound loss or damage. Some of these instances comprise natural disasters, burglary, fire, floods, robbery, vandalism, terrorism, theft, etc. Physical security involves the use of numerous layers of interdependent systems, including perimeter intrusion detection, access control, security systems, locks, deterrent systems, fire protection, CCTV surveillance, security guards, etc. It aids in tracking security breaches, preventing unauthorized access to facil