Global Physical Security Market size was valued at US$ 93.50 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 5.2% through 2021 to 2027, reaching nearly US$ 133.33 Bn.
Global Physical Security Market Overview:
The Global Physical Security market was valued at US $93.50 Bn. in 2020, and it is expected to reach US $133.33 Bn. by 2027 with a CAGR of 5.2% during the forecast period.
Physical security comprises the protection of assets like, hardware, software, data, personnel, and networks against physical events and actions, which may possibly cause damage or loss to an organization. Physical security encompasses three crucial elements, which contain access control, surveillance, and testing. The physical places are protected against attacks, adverse coincidences, or environmental calamities by the use of locks, biometric access control systems, access control cards, fire sensors, and alarm systems.