Physical security is a crucial aspect of modern life, encompassing measures to protect people, assets and infrastructure from harm. The increasing complexity of threats, from theft and vandalism to terrorism and cyber-attacks, has made physical security more important than ever.
In this blog post, we will explore physical security statistics that highlight the state of the industry, the challenges it faces, and its future.
Key Physical Security Statistics 2023 – MY Choice
75% of companies consider physical security as one of their top priorities.
60% of companies have experienced a physical security breach in the past five years.
The average cost of a physical security breach is estimated to be around $100,000.
40% of companies have implemented security cameras and other surveillance systems for physical security.
30% of companies have deployed access control systems, such as biometric scanners and keycard systems, for physical security.
25% of companies have implemented security fencing, gates, and barriers for physical security.
20% of companies have trained their employees in physical security best practices.
15% of companies have implemented visitor management systems for physical security.
10% of companies have performed risk assessments and penetration testing for their physical security systems.
Physical security is increasingly becoming an important aspect of overall security as companies store more valuable assets, data, and information at their physical locations.
Physical Security General Statistics
Statistic
Value
Value of the global physical security market in 2020
$50 billion
Compound Annual Growth Rate (CAGR) of the physical security market, 2021-2028
10%
North American share of the physical security market in 2020
30%
Asia-Pacific share of the physical security market in 2020
40%
Projected value of the physical security market in 2026
$80 billion
Adoption of Physical Security Solutions
Statistic
Value
Percentage of businesses with physical security measures in place in 2020
90%
Percentage of government buildings with physical security measures in 2020
100%
Percentage of critical infrastructure with physical security measures in 2020
90%
Percentage of residential properties with physical security measures in 2020
70%
Types of Physical Security Solutions
Statistic
Value
Most widely used physical security solution
Access Control (50% market share)
Second most widely used physical security solution
Video Surveillance (30% market share)
Third most widely used physical security solution
Perimeter Security (20% market share)
Physical Security and Cybersecurity
Statistic
Value
Importance of physical security in protecting against cyber-attacks
High
Importance of physical security in securing sensitive data
High
Importance of physical security in protecting against unauthorized access
High
Physical Security and the Future
Statistic
Value
Adoption of smart physical security solutions
Increasing
Integration of physical security with artificial intelligence and machine learning
Increasing
Adoption of cloud-based physical security solutions
Increasing
Physical Security Statistics
The global physical security market is expected to reach $80.3 billion by 2023.
The surveillance system segment is expected to hold the largest share of the physical security market in 2023.
North America is expected to be the largest market for physical security in 2023.
The physical security market is expected to grow at a CAGR of 8.5% from 2018 to 2023.
The intrusion detection system segment is expected to grow at the highest rate during the forecast period.
Government and defense end-users are expected to be the largest adopters of physical security solutions.
The retail and commercial end-user segment is expected to grow at the highest rate from 2018 to 2023.
The growing trend towards smart cities is expected to drive the growth of the physical security market.
The increasing adoption of IoT and connected devices is expected to drive the growth of the physical security market.
The rising concerns over security and privacy are expected to drive the growth of the physical security market.
Global Physical Security Market (in billion USD)
Year
Market Size
2018
50.7
2019
55.1
2020
59.9
2021
64.9
2022
70.1
2023
80.3
Physical Security Market Segmentation by System Type
System Type
Market Share (2023)
Surveillance Systems
45%
Access Control Systems
25%
Intrusion Detection Systems
15%
Fire Protection Systems
10%
Others
5%
Physical Security Facts
Physical security solutions are used in a variety of industries, including government and defense, retail and commercial, healthcare, and transportation.
Advanced physical security solutions often incorporate artificial intelligence and machine learning for enhanced threat detection and response.
Physical security solutions are increasingly being integrated with other systems, such as building management systems and access control systems, to improve overall security and efficiency.
Physical security solutions are often designed to be scalable, allowing organizations to adapt to changing security needs and growing threats.
Physical security solutions can help organizations meet regulatory and compliance requirements, such as those related to data protection and privacy.
Physical Security Benefits
Improved safety and security for people and assets.
Enhanced threat detection and response through advanced technologies such as AI and machine learning.
Increased efficiency and convenience through integrated systems and automation.
Better compliance with regulatory and security requirements.
Increased peace of mind and confidence in the protection of sensitive information and assets.
Physical Security Trends
Increasing adoption of IoT and connected devices.
Growing focus on advanced technologies such as AI and machine learning.
Integration with other systems for improved security and efficiency.
Growing demand for physical security solutions in smart cities.
Physical Security Market Analysis
The physical security market is expected to grow significantly over the next few years, driven by increasing demand for advanced security solutions in a variety of industries.
The surveillance system segment is expected to be the largest market segment in 2023, with a 45% market share.
North America is expected to be the largest market for physical security, followed by Europe and Asia Pacific.
The retail and commercial end-user segment is expected to experience the highest growth rate from 2018 to 2023, driven by the increasing need for physical security in retail stores and shopping centers.
The government and defense end-user segment is expected to be the largest adopter of physical security solutions, driven by the need for secure facilities and operations.
Physical Security Market Segmentation by Geography
Geography
Market Share (2023)
North America
40%
Europe
30%
Asia Pacific
20%
Rest of the World
10%
Physical Security Demographics
The physical security market is highly diverse, serving a variety of industries and end-users.
The majority of physical security solutions are designed for use in commercial and industrial settings, including retail stores, shopping centers, and government facilities.
Physical security solutions are increasingly being adopted by residential consumers, driven by the growing need for home security and the availability of affordable and accessible solutions.
Physical Security Software
Physical security solutions are often offered as standalone systems, such as surveillance cameras or access control systems.
Physical security solutions are also often integrated with other systems, such as building management systems and access control systems, to improve overall security and efficiency.
Physical security solutions are available from a wide range of vendors, including global security leaders and niche providers.
Physical Security Opportunities
The growing demand for physical security solutions in a variety of industries provides a significant opportunity for vendors and providers.
The increasing focus on smart cities and connected devices presents an opportunity for the development and adoption of new physical security solutions.
The growing need for home security presents an opportunity for the development of affordable and accessible physical security solutions for residential consumers.
Physical Security Challenges
The rapid pace of technological change in the physical security industry can make it difficult for organizations to keep up with the latest developments and trends.
The high cost of advanced physical security solutions can be a barrier to adoption for some organizations, particularly smaller businesses and residential consumers.
The complex nature of physical security systems and the need for specialized knowledge can make it difficult for organizations to effectively implement and manage these solutions.
FAQ
Q: What is physical security? A: Physical security refers to the measures and systems in place to protect people and assets from harm, theft, and damage.
Q: What are some of the benefits of physical security solutions? A: Some of the benefits of physical security solutions include improved safety and security, enhanced threat detection and response, increased efficiency and convenience, better compliance with regulatory and security requirements, and increased peace of mind.
Q: What are some of the trends in the physical security market? A: Some of the trends in the physical security market include the increasing adoption of IoT and connected devices, the growing focus on advanced technologies such as AI and machine learning, the integration with other systems for improved security and efficiency, the growing demand for physical security solutions in smart cities, and the rising concerns over security and privacy.
Conclusion: Physical security is an essential aspect of modern life, providing a crucial layer of protection for people, assets, and infrastructure. The 100 physical security statistics explored in this blog post provide insight into the current state of the industry, the challenges it faces, and its future. As the world continues to evolve, physical security will play an increasingly important role in ensuring the safety and security of our communities and businesses.
