As per a research conducted by P&S Intelligence, the APAC physical security market is predicted to attain a value of $57.9 billion, with a CAGR of 14.3%, in the coming years, increasing from $26.3 billion in 2018.

The crime rate in the countries in Asia-Pacific (APAC), such as India, China, Indonesia, Singapore, and Vietnam, is increasing significantly. For example, according to the National Crime Record Bureau, in 2016, the crime rate in India rose by 2.6%, among which the crimes under the Indian Penal Code increased by 0.9% and Special and Local Law increased by 5.4%. The condition is the same in other countries in the APAC region.

In addition to these, there has been a significant rise in terrorist threats in the region; approximately 300 terrorist attacks were recorded in the region during 2012–2018. Ascribed to these factors, the concern regarding security is on a rise, which has led to the deployment of physical security systems by various regional countries.

Physical security systems include access control system, perimeter intrusion detection system, road blocker, video surveillance system, automatic security gate, under vehicle inspection system, and metal & weapon detection system. These systems are deployed to ensure the safety of a facility and the protection of life of personnel.

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Physical security systems are used for the safety of various sectors and settings, such as government & transportation, banking, financial services, & insurance (BFSI), hospitality & healthcare, industrial & manufacturing, retail, education, residential, and commercial buildings/offices. Other settings include warehouses, data centers, fitness centers, amusement parks, and game parlors.