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Report Overview
The global security market reached a value of approximately USD 377.38 Billion in 2024. The market is projected to grow at a CAGR of 7.30% between 2025 and 2034, reaching a value of around USD 763.44 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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The global security services market includes over 20,000 companies, with security guard services playing a crucial role across various sectors.
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In 2023, smart cities generated a revenue of USD 89.49 billion globally, where video surveillance systems are widely used to improve the safety of people and assets.
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ATG Access Limited, Barrier1 Systems, LLC, and Cias Elettronica Srl are a few of the major companies in the market.
Leading Players in the Security Market
Major market players are increasing their collaboration, partnership, and research and development activities to gain a competitive edge in the market
Perimeter Protection Germany GmbH
Headquartered in Germany and founded in 1951, the company offers a comprehensive range of high-security and access products, enhanced with advanced control systems. It has an extensive range of high-security and access products enhanced with smart control systems, which includes sliding gates, quick folding gates, bollards, road blockers, barriers, and turnstiles.
ATG Access Limited
Headquartered in UK and founded in 1989, ATG Access Ltd is one of the UK's leading security engineering companies, providing physical security solutions for sites around the world. The company offers residential solutions, commercial solutions, and traffic management.
Barrier1 Systems, LLC
Headquartered in the United States and founded in 2006, the company provides a custom range of American-made vehicle barrier systems, trusted by top security professionals globally. It offers high security bollards, crash beams and drop arms, patented net barriers, and other security equipment.
Cias Elettronica Srl
Headquartered in the Italy and founded in 1974, Cias Elettronica offers cutting-edge microwave, infrared, and triple-technology barriers, as well as advanced fence detection systems.
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.
Security Market Report Snapshots
Security Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the global security market value was USD 377.38 Billion.
The market is expected to grow at a CAGR of 7.30% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 763.44 Billion by 2034.
The major drivers include increase in cyber attacks, development of industrial sector, and CCTV adoption in prominent economies globally.
The key trends include the growth in smart city projects along with smart home adoption.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The systems of security available are access control systems, intrusion detection systems, video surveillance systems, and barrier systems, amongst others.
Major applications include government, residential, transportation, commercial, industrial, and others.
By service, the market is categorised into system integration and consulting, risk assessment and analysis, managed security services, and maintenance and support.
The major players in the market include ATG Access Limited, Barrier1 Systems, LLC, Cias Elettronica Srlare, Perimeter Protection Germany GmbH, Delta Scientific Corporation, Hangzhou Hikvision Digital Technology Co., Ltd., Zhejiang Dahua Technology Co. Ltd., ASSA ABLOY AB, and Motorola Solutions, Inc.
The different types of security include equipment and services.
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