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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.
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 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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