Global Physical Security Services Market to Reach $369 Billion by 2030
The global market for Physical Security Services estimated at US$186.1 Billion in the year 2023, is expected to reach US$369 Billion by 2030, growing at a CAGR of 10.3% over the analysis period 2023-2030. Video Surveillance as a Service (VSaaS), one of the segments analyzed in the report, is expected to record a 10.2% CAGR and reach US$122.8 Billion by the end of the analysis period. Growth in the Access Control as a Service (ACaaS) segment is estimated at 11% CAGR for the next 7-year period.
The U.S. Market is Estimated at $48.5 Billion, While China is Forecast to Grow at 13.4% CAGR
The Physical Security Services market in the U.S. is estimated at US$48.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$84.6 Billion by the year 2030 trailing a CAGR of 13.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7% and 8.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 7.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$57 Billion by the year 2030.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook