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Malaysia Physical Security Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Malaysia Physical Security Market: By Component (System (Physical Access System, Video Surveillance System, Perimeter Intrusion & Detection, Physical Identity & Access Management, Physical Security Information Management and Others) and Service Type (Access Control as a Service, Video Surveillance as a Service, Remote Monitoring Service, Security System Integration Service, Professional Services, and Others); Enterprise Size (Small & Medium Enterprises and Large Enterprises); Industry (BFSI, Government, Retail, Transportation, Residential, IT & Telecom, and Others); Region—Market Forecast and Analysis for 2023–2031

  • Published Date: Aug-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0823554  | Delivery: 2 to 4 Hours
Malaysia Physical Security Market

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Report AttributeDetails
Market Size Value in 2022US$ 30.14 Million
Expected Revenue in 2031US$ 94.0 Million
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
Segments coveredBy Component, By Enterprise Size, By Industry 
Key Companies                                                                                                                                                          1Kosmos, 3Data, 8th Sensus Inc, A Cloud Guru, A-to-Be, Securiforce Security Services Sdn Bhd, G4S Secure Solutions (Malaysia) Sdn Bhd, Integrated Security Services (ISS) Malaysia, Proguard Security Services (M) Sdn Bhd, Prisma Security Services Sdn Bhd, Chubb Fire & Security (Malaysia) Sdn Bhd, KDH Security Services Sdn Bhd, Black Gold Security, Team Guards Security, SECOM Security Communication, Eagle Eye Security, Delta Force Security Services & Consultancy, Metro Security Services, Other Prominent Players
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The Malaysia physical security market is projected to grow at a CAGR of 13.56% during the forecast period 2023-2031, and is expected to reach US$ 94.0 million by 2031.

The main end-use industries in the physical security market include BFSI, Government, Retail, Transportation, Residential, IT & Telecom, and Others.

High initial costs and economic instability or downturns inhibit the growth of the Malaysia physical security market during the forecast period 2023-2031.

Rising crime rates and rapid urbanization in Malaysia are the major factors driving the Malaysia physical security market.

Physical security provides protection, deters threats, safeguards assets, ensures safety, maintains order, and promotes peace of mind through measures like surveillance, access control, and alarm systems.

Increasing demand for advanced video surveillance and analytics systems due to rising security concerns offers a lucrative growth opportunity in the Malaysia physical security market.

The service segment held the majority of the market share in terms of revenue in the Malaysia physical security market in 2022.

The government sector has the largest CAGR in the Malaysia physical security market during the forecast period 2023-2031.

Component, Enterprise Size, Industry, and Country are the different segments in the Malaysia physical security market.

G4S Secure Solutions (Malaysia) Sdn Bhd., Integrated Security Services (ISS) Malaysia, Ava Risk Group Ltd., Securiforce Group, Bosch Security Systems, Black Gold Security, Axis Communications, Honeywell, 1Kosmos, 3 Data, Eagle Eye Security Sdn Bhd, Hikvision, A-to-Be, Metro Security Services Sdn Bhd, and others are some of the major key players in the Malaysia physical security market.