The physical security market is expected to grow from $102.7 billion in 2021 to $140 billion in 2026 or a CAGR of 6.4% (MarketsandMarkets), led by industry behemoths such as ADT and Honeywell that are investing heavily in the crossover of physical and digital security.Īs digitally connected physical security products such as video surveillance and remote access systems continue to be exploited by cyber criminals, the convergence of the two segments of the security market will continue.
Surging Sector GrowthĪs companies continue to realize the need for increased physical and cybersecurity, both sides of the industry continue to expand. An overview is also provided of recent M&A activity in the cyber and physical security realms that further sheds light on marketplace dynamism. In an effort to stay ahead of the increasing sophistication of hackers, large security providers will acquire innovative and effective companies and solutions, which they can rapidly deploy to protect their customer base from the latest threats.Īhead, we’ll take a closer look at trends, threat vectors, ongoing challenges and more, with an eye on services expansion possibilities for physical security systems integrators. The rapid evolution of threats in the cybersecurity space has nations, governments and companies scrambling to increase investment in this critical area, driving strong innovation, growth and activity in the industry. Related: Integrators Share Cybersecurity Challenges, Desired Support From Manufacturers
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