Middle East & Africa Physical Security Market Size & Outlook
The physical security market in Middle East & Africa is expected to reach a projected revenue of US$ 12,310.7 million by 2030. A compound annual growth rate of 6.7% is expected of Middle East & Africa physical security market from 2024 to 2030.
Revenue, 2023 (US$M)
$7,838.8
Forecast, 2030 (US$M)
$12,310.7
CAGR, 2024 - 2030
6.7%
Report Coverage
Middle East & Africa
Middle East & Africa physical security market, 2018-2030 (US$M)
Related Markets
MEA physical security market highlights
- The MEA physical security market generated a revenue of USD 7,838.8 million in 2023.
- The market is expected to grow at a CAGR of 6.7% from 2024 to 2030.
- In terms of segment, systems was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 7,838.8 million |
| Market revenue in 2030 | USD 12,310.7 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Systems |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Systems, Services |
| Key market players worldwide | Honeywell International Inc, Cisco Systems Inc, Canon Inc, Motorola Solutions Inc, Robert Bosch Engineering & Business Solutions, Johnson Controls International PLC, ADT Inc, Siemens AG |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.7% of the global physical security market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 80,365.0 million by 2030.
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Physical Security Market Scope
Physical security market segmentation & scope
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Physical Security Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa physical security market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to physical security market will help companies and investors design strategic landscapes.
Systems was the largest segment with a revenue share of 53.65% in 2023. Horizon Databook has segmented the Middle East & Africa physical security market based on systems, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Physical Security Component Outlook (Revenue, USD Million, 2018-2030)
- Systems
- Physical access control systems (PACS)
- Video Surveillance System
- Perimeter Intrusion Detection and Prevention
- Physical Security Information Management (PSIM)
- Physical Identity & Access Management (PIAM)
- Fire and Life Safety
- Services
- System Integration
- Remote Monitoring
- Others
- Systems
- Middle East & Africa Physical Security Organization Size Outlook (Revenue, USD Million, 2018-2030)
- Small & Medium Enterprises (SMEs)
- Large Enterprises
- Middle East & Africa Physical Security Application Outlook (Revenue, USD Million, 2018-2030)
- Transportation
- Government
- Banking & Finance
- Utility & Energy
- Residential
- Industrial
- Retail
- Commercial
- Hospitality
- Others
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Target buyers of Middle East & Africa physical security market databook
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Our clientele includes a mix of physical security market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa physical security market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa physical security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Middle East & Africa physical security market
Middle East & Africa Physical Security Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa physical security market
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