Physical Security Companies | Measures and Safeguards

Physical Security Market Overview

Physical security encompasses measures and safeguards like perimeter security, access control, surveillance, intrusion detection, alarm systems, security lighting, physical barriers, and security personnel to protect physical assets, individuals, and information from unauthorized access or harm.

Key principles involve deterrence, detection, delay, response, and recovery, with best practices including risk assessment, layered security, regular maintenance, security awareness, visitor management, security policies, crisis management, and training and drills, collectively creating a robust defense against physical threats.

Market Drivers

The physical security market is propelled by increasing security concerns, technological advancements, regulatory compliance requirements, urbanization, and infrastructure development, the convergence of physical and cybersecurity, emerging threats, data privacy considerations.

The demand for smart cities, globalization, the impact of the COVID-19 pandemic on health and safety awareness, and the growing interest in residential security solutions, all contribute to the growth and adoption of physical security measures across diverse sectors and industries.

Market Size

The worldwide physical security market is worth $143.5 billion in 2023, with an expected growth rate of 7.9% annually from 2023 to 2032. Global physical security sales are projected to achieve $278.1 billion by 2032.

List of Major Companies

 These are the top ten companies operating in the Physical Security Market:

Company Overview

Establishment Year 1874
Headquarter Boca Raton, Florida, U.S
Key Management Jim DeVries (CEO)
Revenue (US$ Bn) $ 4.59 Million (2022)
Headcount ~ 25,000 (2022)

About ADT

Founded in 1874, ADT Inc. is a long-standing leader in the security sector, delivering comprehensive security and automation solutions for residences and businesses. ADT is renowned for its intrusion alarms and round-the-clock monitoring services, ensuring swift responses to security breaches.

The company also extends its offerings to encompass video surveillance, access control, and automation, enabling clients to oversee their properties remotely. Beyond security, ADT provides services for fire detection, life safety systems, and medical alerts. Prioritizing customer support, ADT serves an extensive clientele across North America, solidifying its position as one of the region’s largest and most trusted security providers in the field.

Geographical Presence

ADT Inc. has a significant geographical presence, primarily in North America, serving a vast customer base. The company’s operations are primarily concentrated in the United States and Canada, making it one of these countries’ leading security service providers.

Recent Developments

  • In October 2023, ADT successfully finalized the sale of its commercial security, fire, and life safety division to GTCR, a prominent private equity company, for $1.6 billion, with adjustments in line with standard pricing practices, as previously announced.
  • In June 2023, ADT Commercial, a well-known company specializing in security integration and offering high-quality commercial security, fire safety, life safety, and guarding services across the United States, unveiled a revamped and rebranded customer engagement platform called Everon (previously referred to as eSuite), to improve the overall user experience.

Company Overview

Establishment Year 1906
Headquarter Charlotte, North Carolina, U.S
Key Management Vimal Kapur (CEO)
Revenue (US$ Bn) $ 35.47 B (2022)
Headcount ~ 97,000 (2022)

About Honeywell International

Founded in 1906, Honeywell International Inc. is a renowned global conglomerate celebrated for its extensive and diversified technology portfolio, aerospace, building technologies, and performance materials.

Honeywell’s mission centers on delivering innovative solutions that enhance safety, efficiency, and quality of life worldwide. With a prominent presence across numerous industries, the company excels in aerospace technologies, building automation, high-performance materials, safety solutions, and connected technologies.

Geographical Presence

Honeywell International Inc. maintains a significant global presence with operations, customers, and manufacturing facilities spanning various countries and regions worldwide. The company’s extensive geographical reach covers North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.

Recent Developments

  • In October 2023, Honeywell unveiled technologies and digital solutions that empower customers in the Asia Pacific region to generate renewable fuels using various renewable feedstock sources.
  • In October 2023, Honeywell and Supernal, part of Hyundai Motor Group, partnered to create a ground control station specifically designed for unmanned Advanced Air Mobility (AAM) operations. This collaboration represents a significant advancement, as it will support Supernal’s flight testing by enabling remote pilots to oversee and control aircraft safely while having access to live aircraft data.

Company Overview

Establishment Year 1984
Headquarter Lund, Sweden
Key Management Ray Mauritsson (CEO)
Revenue (US$ Bn) $ 1.6 Billion (2022)
Headcount ~ 4,210 (2022)

About Axis Communications

Founded in Sweden in 1984, Axis Communications AB is a globally recognized leader in network video solutions and surveillance technologies. The company’s mission revolves around delivering innovative and high-quality video surveillance solutions that bolster safety, security, and operational effectiveness across diverse industries.

Axis is known for its advanced camera technologies, video management software, and access control solutions designed to capture, manage, and analyze video data over IP networks. With a strong commitment to cybersecurity and sustainability, Axis serves various sectors worldwide, including retail, transportation, healthcare, education, and government.

Geographical Presence

Axis Communications AB has a global geographical presence, with operations, sales, and support offices in numerous countries worldwide. The company’s extensive reach allows it to serve customers and partners in various regions, including North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.

Recent Development

  • In October 2023, Axis Communications inaugurated a new office. They introduced India’s inaugural Axis Experience Centre in Bengaluru, providing a platform to showcase cutting-edge network security solutions and engage with various stakeholders nationwide, thereby enhancing security measures.
  • In January 2023, Axis Communications introduced an enhanced cybersecurity feature for their body-worn cameras, known as “signed video,” with firmware release 11.0. This feature adds an extra layer of security to body-worn solutions, bolstering confidence in the integrity of video evidence.

Company Overview

Establishment Year 1886
Headquarter Armonk, New York, United States
Key Management Thomas Quante (President & CEO)
Revenue (US$ Bn) $68 Million (2022)
Headcount ~ 1,200 (2022)

About Bosch Security Systems

Bosch Security Systems, a division of the Bosch Group with roots dating back to 1886, is a globally renowned leader in security technology and solutions. Their core mission is to deliver cutting-edge security and communication solutions that bolster safety, safeguard assets, and drive efficiency across diverse industries and customer segments.

Bosch offers a comprehensive security portfolio encompassing video surveillance, access control, intrusion detection, and fire detection systems, all underpinned by advanced technologies and a commitment to seamless integration. Operating in over 120 countries, Bosch serves clients ranging from small businesses to major enterprises and critical infrastructure projects worldwide.

Geographical Presence

Bosch Security Systems maintains a substantial global presence, with operations, sales, and service offices spanning numerous countries and regions worldwide. The company’s extensive geographical reach ensures that it can effectively serve customers and industries across the globe.

Recent Developments

  • In November 2023, Bosch unveiled Dicentis Hybrid Meetings, a comprehensive solution that seamlessly integrates both physical and virtual attendance at conferences. While in-person interaction remains crucial, remote participation through Internet applications has emerged as an efficient alternative for conferences.
  • In September 2023, Bosch unveiled IP-based horn loudspeakers and an amplifier module, including the long-range LHN-UC15L-SIP, wide dispersion LHN-UC15W-SIP, and the AMN-P15-SIP amplifier module.

Company Overview

Establishment Year 1885
Headquarter Cork, Ireland
Key Management George Oliver (Chairman, CEO)
Revenue (US$ Bn) $25.3 Billion (2022)
Headcount ~  102,000 (2022)

About Johnson Controls

Founded in 1885, Johnson Controls is a global leader in building technologies, HVAC, fire and security solutions, and energy management. The company’s mission revolves around creating intelligent and sustainable environments to enhance people’s comfort, safety, and productivity. Johnson Controls offers a comprehensive range of building technologies, automation solutions, and energy management services, strongly emphasizing smart building solutions and environmental responsibility.

The company operates in over 150 countries and serves diverse sectors, including commercial and industrial facilities, healthcare, education, and governments. It is dedicated to innovation, customer support, and sustainability, making it a trusted partner in building technologies and environmental solutions worldwide.

Geographical Presence

Johnson Controls has a significant global presence, with operations, offices, and a wide network of customers and partners in numerous countries and regions worldwide. Johnson Controls operates in over 150 countries, making it a global player in building technologies, HVAC, fire and security solutions, and energy management.

Recent Developments

  • In November 2023, Johnson Controls unveiled a digital assessment tool, developed in collaboration with the Partner Alliance for Safer Schools (PASS), to help K-12 school districts assess the physical security of their campuses, pinpoint vulnerabilities and threats, and determine necessary actions.
  • In October 2023, Johnson Controls introduced its 2024 Ducted Systems Academy, which offers training options and industry resources. These programs include hands-on experiences, virtual materials, and on-demand and in-person courses at the advanced Ducted Systems Academy in Oklahoma City, Oklahoma.

Company Overview

About Siemens

Founded in 1847 in Germany, Siemens AG is a globally renowned and diversified conglomerate with a broad and innovative portfolio spanning multiple industries. The company’s core mission is to provide cutting-edge solutions that address global challenges and enhance people’s lives worldwide.

Siemens operates in diverse sectors, including energy, healthcare, industrial automation, mobility, and digitalization, offering a comprehensive range of products, services, and solutions tailored to various industries and applications. With a strong focus on electrification, automation, and sustainability, Siemens has a significant global presence, serving customers in over 200 countries.

Geographical Presence

Siemens AG maintains a substantial global presence with operations, offices, and a wide network of customers, partners, and projects in numerous countries and regions worldwide. The company’s extensive geographical reach ensures it can effectively serve a diverse international clientele and adapt its solutions to meet local regulations and market needs. Siemens AG operates in over 200 countries, making it a global player in various sectors, including energy, healthcare, industrial automation, mobility, and digitalization.

Recent Developments

  • In November 2023, Siemens AG disclosed plans to purchase an 18% stake in Siemens India from Siemens Energy for €2.1 billion in cash, increasing Siemens AG’s ownership in Siemens India and a corresponding decrease in Siemens Energy’s stake.
  • In November 2023, Siemens Digital Industries Software introduced its PAVE360 solution for automotive digital twins on AWS, further enhancing their collaboration. PAVE360 facilitates innovation in the automotive sector by enabling concurrent hardware and software development, advancing the design phase of autonomous vehicles. This parallel approach reduces design cycle time and expedites time-to-market for developers.

Company Overview

Establishment Year 2004
Headquarter London, England, UK
Key Management Ashley Almanza (CEO)
Revenue (US$ Bn) $ 9.6 Billion (2022)
Headcount ~ 533,000 (2021)

About G4S

G4S plc, headquartered in the United Kingdom, is a renowned global security company that provides various security and safety solutions to businesses, governments, and organizations worldwide. The company’s core mission is to safeguard people, assets, and infrastructure by offering innovative and reliable security services and technologies. Its global reach, technological expertise, and commitment to innovation and sustainability underscore its position as a leader in the security industry.

Geographical Presence

G4S plc has a significant global presence, with operations, offices, and a broad network of customers and partners in over 90 countries worldwide. The company’s extensive geographical reach allows it to serve a diverse international clientele and provide security and safety solutions tailored to local regulations and specific market needs. G4S operates globally, making it one of the largest and most prominent security providers worldwide.

Recent Development

  • In April 2023, G4S Kenya, a prominent Kenyan courier service market player, teamed up exclusively with UPS, a global logistics giant, to provide domestic courier and logistics services.
  • In October 2022, Allied Universal, a prominent global provider of security and facility services, and its international division, G4S, entered into a Memorandum of Understanding (MoU) with Shell. This MoU aims to expedite the adoption of sustainable solutions among customers and employees through a worldwide partnership focused on sustainability and security.

Company Overview

Establishment Year 1934
Headquarter Stockholm, Sweden
Key Management Magnus Ahlqvist (President & CEO)
Revenue (US$ Bn) $ 10.3  Billion (2022)
Headcount ~ 355,000 (2022)

About Securitas

Securitas AB, founded in Sweden in 1934, is a global security service leader committed to safeguarding people, property, and assets. Securitas operates in over 50 countries, solidifying its status as one of the world’s largest security providers.

It offers a comprehensive suite of security solutions, including manned guarding, electronic security, and risk management. Leveraging advanced technology, such as surveillance systems and access control, the company tailors its services to diverse industries, including aviation, healthcare, and retail.

Geographical Presence

Securitas AB maintains a substantial global presence, with operations, offices, and a wide network of customers and partners in over 50 countries worldwide. This extensive geographical reach ensures that the company can effectively provide security services tailored to local regulations and specific market needs while serving a diverse international clientele. Securitas AB operates globally, making it one of the largest and most prominent security providers worldwide.

Recent Developments

  • In July 2023, Securitas extended its 5-year contract with Microsoft for data center security across 31 countries, further strengthening their robust partnership. Initially initiated in November 2016, the global agreement encompasses a range of services, including risk management, integrated security technology solutions, specialized safety measures, security personnel, and digital interfaces, all managed through a global account management framework.
  • In April 2023, Securitas concluded a 4-year Eurobond issuance worth 600 million euros in the Eurobond market. The demand for the bond exceeded three times the initial offering, establishing the coupon rate at 4.25 percent, including a 120 basis points margin.

Company Overview

Establishment Year 2016
Headquarter San Mateo, California, U.S
Key Management Filip Kaliszan (CEO)
Revenue (US$ Bn) $ 50.6 Million (2023)
Headcount ~ 1,700 (2023)

About Verkada

Verkada Inc., headquartered in San Mateo, California, is a leading technology company specializing in cloud-based security solutions. Established in 2016, Verkada has gained prominence for its innovative modern security and surveillance approach.

The company’s primary mission is to deliver cutting-edge, scalable, user-friendly security systems that enhance safety, visibility, and operational efficiency. Their comprehensive platform covers video surveillance, access control, and environmental monitoring, seamlessly integrated into a user-friendly interface. Leveraging AI and machine learning, Verkada provides advanced analytics and smart alerts, making it suitable for businesses of all sizes.

Geographical Presence

Verkada Inc. has a significant geographical presence, serving customers and establishing partnerships in various regions across the United States and internationally. While headquartered in San Mateo, California, the company’s cloud-based security solutions are accessible to organizations and businesses worldwide.

Verkada’s global reach allows it to provide modern security systems and services to a diverse clientele, including customers in North America, Europe, Asia, and other regions. This contributes to its reputation as a trusted provider of cloud-based security solutions globally.

Recent Developments

  • In August 2023, Verkada, a pioneer in cloud-based enterprise building security and management, introduced a new pan-tilt-zoom (PTZ) camera alongside an expanded range of products and integrations with other platforms. These enhancements aim to increase benefits and utility to Verkada’s customer base.
  • In August 2023, Verkada, a frontrunner in enterprise security and building management, extended its operations to South Korea by establishing a new office in Seoul. This expansion is in response to the increasing need for Verkada’s cloud-based physical security solutions in the region.

Company Overview

Establishment Year 1977
Headquarter Gyeonggi-do, South Korea
Key Management Soon-hong Ahn (President & CEO)
Revenue (US$ Bn) $ 3.9 Billion (2022)
Headcount ~ 1,822 (2020)

About Hanwha Techwin

Hanwha Techwin Co., Ltd. is a renowned global leader in video surveillance and security solutions headquartered in South Korea. With a rich history and strong reputation in the security industry, the company is committed to delivering top-notch security products and services that enhance safety, safeguard assets, and provide intelligent security solutions.

Hanwha Techwin offers comprehensive security solutions, including surveillance cameras, video management software, and advanced analytics, tailored to various retail, transportation, banking, and government industries.

Geographical Presence

Hanwha Techwin Co., Ltd. has a substantial geographical presence with a global reach that extends to numerous countries and regions worldwide. The company operates through a network of offices, partners, and customers in various international locations, serving a diverse clientele. While headquartered in South Korea, Hanwha Techwin has a strong presence in regions such as North America, Europe, Asia, and beyond.

Recent Developments

  • In October 2023, Hanwha Vision introduced significant enhancements to its advanced surveillance systems by introducing its IP Audio System. This new system brings robust audio capabilities and an additional layer of security to their product lineup. It comprises various components, including speakers in various forms, an analog speaker control audio module, and an audio server.
  • In June 2023, Hanwha Vision launched SolidEDGE, an innovative camera system that operates independently without needing a dedicated server. It comes equipped with onboard SSD storage and an embedded WAVE VMS server, offering a cost-effective and scalable solution for surveillance. This system is particularly well-suited for security operations that require multi-camera recording, remote accessibility, and on-site management of security systems.

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