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Industry Landscape
The physical security software industry is experiencing robust growth, driven by increasing demand for integrated solutions, advanced analytics, and cloud-based platforms. Cybersecurity concerns are also shaping its evolution, pushing for more secure and resilient systems. Consolidation and technological innovation are key trends, as organizations seek unified platforms for comprehensive asset and personnel protection.
Total Assets Under Management (AUM)
Physical Security Market Size in United States
~Approx. 52.3 billion USD (2023) in North America (primary region including US)
(CAGR of 8.9% (2023-2028) CAGR)
- Market size includes various segments like video surveillance, access control, and alarm systems.
- Driven by smart city initiatives and IoT integration.
- Increased adoption in commercial, government, and residential sectors.
Total Addressable Market
119.5 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-powered Video Analytics
Artificial intelligence and machine learning are enhancing video surveillance with advanced capabilities like predictive analysis, anomaly detection, and facial recognition, moving beyond simple motion detection.
Cloud-based Physical Security Platforms (SaaS)
The shift towards cloud deployment offers greater scalability, accessibility, and reduced infrastructure costs for managing physical security systems, facilitating remote monitoring and updates.
Cybersecurity Integration in Physical Security
As physical security systems become more connected, robust cybersecurity measures are being embedded to protect against hacking, data breaches, and ransomware attacks targeting cameras, access control, and IoT devices.
Impactful Policy Frameworks
National Defense Authorization Act (NDAA) 2019, Section 889
This U.S. government policy, specifically Section 889 of the NDAA of 2019, prohibits federal agencies, their contractors, and grant recipients from using certain telecommunications and video surveillance equipment and services produced by specific Chinese companies and their subsidiaries.
This policy forces businesses and government entities in the US to replace or avoid using equipment from named manufacturers, creating opportunities for compliant providers like Genetec.
California Consumer Privacy Act (CCPA) 2020
The CCPA, enacted in 2020, grants California consumers more control over the personal information that businesses collect about them, including biometric data often captured by physical security systems.
Businesses using physical security systems must ensure compliance with data privacy, storage, and access rights, influencing how video and access control data are managed.
Cybersecurity and Infrastructure Security Agency (CISA) advisories
CISA regularly issues advisories and guidelines for critical infrastructure operators and businesses regarding cybersecurity best practices, including securing physical security systems against cyber threats.
These advisories compel businesses to adopt higher cybersecurity standards for their physical security software and hardware, promoting secure design and implementation.
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