Security Global Market Report 2024

Description

Security involves protecting systems, networks, and data from unauthorized access, damage, or attacks. It encompasses measures to prevent threats, detect breaches, and respond to incidents, covering physical, digital, and organizational aspects to ensure safety and integrity.

Key security systems include access control systems, alarms and notification systems, intrusion detection systems, video surveillance systems, barrier systems, and others. Access control systems are advanced mechanisms designed to limit and monitor access to physical or digital resources, ensuring that only authorized individuals can enter secure areas or access sensitive information. These systems offer services such as system integration and consulting, risk assessment and analysis, managed services, and maintenance and support. They are used by a variety of end users, including government, military and defense, transportation, commercial sectors, industrial organizations, and more.

The security market research report is one of a series of new reports from The Business Research Company that provides security market statistics, including security industry global market size, regional shares, competitors with a security market share, detailed security market segments, market trends and opportunities, and any further data you may need to thrive in the security industry. This security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The security market size has grown strongly in recent years. It will grow from $125.29 billion in 2023 to $135.82 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth observed during the historic period can be attributed to several factors, heightened awareness of security issues, rising urbanization, an increase in cyber threats, the expansion of global business operations and international travel, and the growth of businesses and infrastructure.

The security market size is expected to see strong growth in the next few years. It will grow to $188.58 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The anticipated growth in the forecast period can be attributed to several factors, the expansion of smart infrastructure, increased use of cloud services, rising demand for integrated security solutions, growth in the critical infrastructure sector, and the rise of remote work. Key trends expected during this period include advancements in AI and machine learning, extended detection and response capabilities, IoT security, security automation, and the development of new security protocols.

The increasing prevalence of terrorism is expected to drive growth in the security market. Terrorism involves the use of violence or intimidation, often targeting civilians, to achieve political, ideological, or religious objectives. The rise in terrorism is fueled by factors such as political instability, extremist ideologies, and socioeconomic issues that contribute to violence and unrest. Security measures are critical in countering terrorism by preventing attacks through enhanced surveillance, intelligence gathering, and fortified infrastructure. For example, the Global Terrorism Index 2023, published in March 2023 by the Institute for Economics and Peace, an Australia-based research organization, reported that terrorist attacks have become more lethal, with an average of 1.7 fatalities per incident, up from 1.3 deaths per attack in 2021. Consequently, the increasing threat of terrorism is driving the growth of the security market.

Key players in the security market are focusing on innovative solutions, such as AI-powered motion sensors, to improve threat detection and response. These sensors use artificial intelligence to enhance the accuracy of motion detection, predict movements, and adapt to various environmental conditions for more intelligent monitoring. For instance, in June 2023, SimpliSafe, a U.S.-based home security company, introduced a new feature called 24/7 Live Guard Protection. This feature, enabled by a smart alarm wireless indoor security camera, allows monitoring agents to interact with intruders in real-time via two-way audio. When an alarm is triggered, agents can request a safeword or instruct the intruder to leave. If the safeword is incorrect or the intruder does not comply, the agent will promptly contact the police.

In April 2024, Pye-Barker Fire & Safety, a U.S.-based provider of fire protection, life safety, and security services, acquired Alarm Specialists Inc. for an undisclosed amount. This acquisition is expected to enhance Pye-Barker's capabilities by leveraging Alarm Specialists' expertise to improve services in the New York metropolitan area, maintaining high-quality service for existing customers while expanding its industry presence. Alarm Specialists Inc. is a U.S.-based company specializing in security and fire alarm systems.

Major companies operating in the security market are Honeywell International Inc., Johnson Controls, Thales Group S.A., ASSA ABLOY AB, Anixter Inc., Teledyne FLIR LLC, Juniper Networks Inc., Zhejiang Dahua Technology Co. Ltd., NortonLifeLock Inc., Ameristar Perimeter Security USA Inc., McAfee LLC, Axis Communications AB, Kaspersky Lab, Senstar Technologies Corporation, ATG Access Ltd., Delta Scientific Corporation, Frontier Pitts Ltd., Perimeter Protection Group, CIAS Elettronica Srl, Barrier1 Systems LLC, ZABAG Security Engineering GmbH, Avon Barrier Corporation Ltd., Apex Perimeter Protection LLC, EL-Go Team

North America was the largest region in the security market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The security market consists of revenues earned by entities by providing services such as encryption services, penetration testing, identity and access management, and security awareness training. The market value includes the value of related goods sold by the service provider or included within the service offering. The security market also includes sales of cameras, security gateways, and biometric scanners. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Security Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on security market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for security ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The security market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By System: Access Control Systems; Alarms And Notification Systems; Intrusion Detection Systems; Video Surveillance Systems; Barrier Systems; Other Systems
2) By Service: System Integration And Consulting; Risk Assessment And Analysis; Managed Services; Maintenance And Support
3) By End User: Government; Military And Defense; Transportation; Commercial; Industrial; Other End Users
Companies Mentioned: Honeywell International Inc.; Johnson Controls; Thales Group S.A.; ASSA ABLOY AB; Anixter Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r20842

1. Executive Summary

2. Security Market Characteristics

3. Security Market Trends And Strategies

4. Security Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Security Market Size and Growth

5.1. Global Security Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Security Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Security Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Security Market Segmentation

6.1. Global Security Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Access Control Systems
Alarms And Notification Systems
Intrusion Detection Systems
Video Surveillance Systems
Barrier Systems
Other Systems
6.2. Global Security Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
System Integration And Consulting
Risk Assessment And Analysis
Managed Services
Maintenance And Support
6.3. Global Security Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Government
Military And Defense
Transportation
Commercial
Industrial
Other End Users

7. Security Market Regional And Country Analysis

7.1. Global Security Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Security Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Security Market

8.1. Asia-Pacific Security Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Security Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Security Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Security Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Security Market

9.1. China Security Market Overview
9.2. China Security Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Security Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Security Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Security Market

10.1. India Security Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Security Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Security Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Security Market

11.1. Japan Security Market Overview
11.2. Japan Security Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Security Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Security Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Security Market

12.1. Australia Security Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Security Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Security Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Security Market

13.1. Indonesia Security Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Security Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Security Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Security Market

14.1. South Korea Security Market Overview
14.2. South Korea Security Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Security Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Security Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Security Market

15.1. Western Europe Security Market Overview
15.2. Western Europe Security Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Security Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Security Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Security Market

16.1. UK Security Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Security Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Security Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Security Market

17.1. Germany Security Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Security Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Security Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Security Market

18.1. France Security Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Security Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Security Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Security Market

19.1. Italy Security Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Security Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Security Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Security Market

20.1. Spain Security Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Security Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Security Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Security Market

21.1. Eastern Europe Security Market Overview
21.2. Eastern Europe Security Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Security Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Security Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Security Market

22.1. Russia Security Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Security Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Security Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Security Market

23.1. North America Security Market Overview
23.2. North America Security Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Security Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Security Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Security Market

24.1. USA Security Market Overview
24.2. USA Security Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Security Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Security Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Security Market

25.1. Canada Security Market Overview
25.2. Canada Security Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Security Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Security Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Security Market

26.1. South America Security Market Overview
26.2. South America Security Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Security Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Security Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Security Market

27.1. Brazil Security Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Security Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Security Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Security Market

28.1. Middle East Security Market Overview
28.2. Middle East Security Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Security Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Security Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Security Market

29.1. Africa Security Market Overview
29.2. Africa Security Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Security Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Security Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Security Market Competitive Landscape And Company Profiles

30.1. Security Market Competitive Landscape
30.2. Security Market Company Profiles
- 30.2.1. Honeywell International Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Johnson Controls
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Thales Group S.A.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. ASSA ABLOY AB
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Anixter Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Security Market Other Major And Innovative Companies

31.1. Teledyne FLIR LLC
31.2. Juniper Networks Inc.
31.3. Zhejiang Dahua Technology Co. Ltd.
31.4. NortonLifeLock Inc.
31.5. Ameristar Perimeter Security USA Inc.
31.6. McAfee LLC
31.7. Axis Communications AB
31.8. Kaspersky Lab
31.9. Senstar Technologies Corporation
31.10. ATG Access Ltd.
31.11. Delta Scientific Corporation
31.12. Frontier Pitts Ltd.
31.13. Perimeter Protection Group
31.14. CIAS Elettronica Srl
31.15. Barrier1 Systems LLC

32. Global Security Market Competitive Benchmarking

33. Global Security Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Security Market

35. Security Market Future Outlook and Potential Analysis

35.1 Security Market In 2028 - Countries Offering Most New Opportunities
35.2 Security Market In 2028 - Segments Offering Most New Opportunities
35.3 Security Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer