Global Security Market Report and Forecast 2025-2034

Global Security Market Growth

There is a growing demand for security systems that incorporate artificial intelligence (AI) to meet the needs of smart home solutions. During 2022, the number of smart homes in North America expanded by 12.0% year-on-year. By 2027, around 88.1 million homes in North America are expected to be smart, equal to 58% of all homes in the region.

Figure: Revenue Generated by Smart Cities Globally, USD Billion, 2018-2024 (E)

One of the factors driving the security market demand is the commercial sector, where efficient security systems like alarms and video surveillance are vital to safeguard customers and staff from theft and crime. By 2027, the global commercial real estate market is projected to reach USD 12.6 trillion.

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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Key Trends and Developments

Global Security Market Trends

Artificial intelligence and cloud computing are important technology trends impacting the global security market. The rising security concerns and a renewed focus on infrastructure protection aid the adoption of physical security equipment such as video surveillance, physical access control, intruder alarms, and fire protection.

Furthermore, CCTV camera surveillance is widely popular globally to mitigate crimes and theft and enhance public protection. To meet the demand for advanced solutions, video surveillance companies are engaged in developing advanced solutions with cloud-based and data management capabilities. China has the largest number of installed cameras, globally. Chinese cities with over 1,00,000 CCTV cameras include Beijing (1,150,000) and Shanghai (1,000,000).

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Global Security Industry Segmentation

Global Security Market Share

By type, the services segment is expected to hold a significant market share, with rising crime rates driving businesses to invest in security guard services and other solutions

Cybersecurity services are being increasingly deployed with rising number of threats and security breaches. Also, the rise in infrastructure investments is creating a need to safeguard the assets and associated flows, accelerating the demand for security services. As of 2023, physical security market employs over 30 million people globally, majority of which are in guarding services.

Safety equipment includes security cameras, smoke and carbon monoxide detectors, door and window sensors, etc.  Security equipment is a key factor in asset protection and for ensuring a safe living and workplace. By the end of 2021, about one billion surveillance cameras were reported to be in function across the globe.

Leading Players in the Security Market

Other key players in the global security market include Delta Scientific Corporation, Hangzhou Hikvision Digital Technology Co., Ltd., Zhejiang Dahua Technology Co. Ltd., ASSA ABLOY AB, and Motorola Solutions, Inc.

Global Security Market Analysis by Region

Asia Pacific is a prominent region due to the rising cyber-attacks and CCTV installations in leading Asian economies.

Asia-Pacific accounted for 31% of all cyber-attacks in 2022, the highest globally. As of 2023, key APAC countries with the most CCTV cameras installed include China (200 million), Japan (5 million), Vietnam (2.6 million), and South Korea (over 1 million).

In Europe, as of 2023, London, Berlin, Warsaw, and Vienna, are among the top cities in Europe, in terms of the number of CCTVs. In 2022, Europe had 311.3 million mobile IoT connections Western Europe including, France and Germany, had around 20 to 60 million connected devices.

In North America, by the end of 2022, an estimated 34.8 million active monitored alarm systems were reported in the United States and Canada. As of 2022, 85.6% of the security guards work in the private sector in the United States, and 14.4% in the public sector.

Security Market Report Snapshots

Security Market Size

Security Market Growth

Security Market Trends

Security Market Share

Security Companies

Security Market Regional Analysis