A key driver of the physical security market is the increasing global concerns over security threats, including terrorism, theft, and vandalism. According to the SNS Insider, “The Physical Security Market Size was valued at USD 122.92 Billion in 2023 and is expected to reach USD 200.81 Billion by 2032 and grow at a CAGR of 5.65% over the forecast period 2024-2032.” https://www.globenewswire.com/news-release/2024/12/15/2997188/0/en/Physical-Security-Market-Set-to-Reach-USD-200-81-Billion-by-2032-Driven-by-Rising-Security-Concerns-and-Increased-Infrastructure-Protection-Needs-SNS-Insider.html