PUBLISHER: Grand View Research | PRODUCT CODE: 1654621
PUBLISHER: Grand View Research | PRODUCT CODE: 1654621
The global security market size is expected to reach USD 225.21 billion by 2030, growing at a CAGR of 7.6% from 2025 to 2030, according to a new report by Grand View Research, Inc. The adoption of security systems is increasing as these systems offer high-quality surveillance with optimized distortion. Illegal activities across the globe and stringent government regulations have led to a surge in the adoption of security systems. For instance, in July 2022, Deloitte Touche Tohmatsu Ltd., an international professional services network, launched Zero Trust Access.
The new managed security service provides a cloud-native approach to securing communications between users on any enterprise application and device, regardless of location. Increasing competition in the market, owing to the introduction of advanced technologies, is driving the need for automation in organizations at various levels. In addition, the growing number of infrastructures across the globe has resulted in an increased demand for safety systems, such as access control systems and video surveillance systems for real-time monitoring. For instance, in December 2022, PlainID, a cybersecurity firm, unveiled its PlainID Technology Network.
The Network, created in collaboration with PlainID partners, distributes PlainID's cutting-edge technology globally to assist organizations in securely transforming authorization and access control. The increased use of cameras in various locations, such as airports, railway stations, and ports, for security purposes, is driving the demand for high-quality video cameras that enable effective monitoring. These systems have further been largely used by the military and defense sectors for surveillance purposes. Furthermore, the increasing number of advancements in video capturing is encouraging providers to introduce new updates in minimal time with better quality. This is further creating an opportunity for market growth.