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How Has the Security Market Grown from 2024 to 2025?

The size of the security market has seen significant expansion in the recent past. The forecast predicts an increase from $135.82 billion in 2024 to $147.62 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 8.7%. The prolific growth observed in the historical phase is primarily due to factors such as heightened awareness, continuous urbanisation, burgeoning cyber threats, widening scope of worldwide business operations and international travel, and the extension of businesses and infrastructure.

What Growth Rate Is Anticipated for the Security Market in the Coming Years?

We can anticipate robust expansion in the security market size in the upcoming years, with expectations of it reaching $204.35 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 8.5%. Acceleration in the forecast period can be ascribed to advances in smart infrastructure, a rise in cloud service utilization, the necessity for integrated security measures, an upswing in the crucial infrastructure sector, and the surge of remote work. Noteworthy trends during the projection period encapsulate AI and machine learning, broadened detection and response capabilities, enhanced IoT security, security automation, and the formulation of novel security protocols.

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Who Are the Leading Companies in the Security Market?

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

What Are the Key Drivers of the Security Market?

The surge in terrorism is projected to stimulate the expansion of the security market in the future. Terrorism constitutes the use of force or threats, particularly aimed at civilians, in pursuit of political, ideological, or religious objectives. The rise in terrorism is attributable to elements such as political instability, extremist belief systems, and socioeconomic issues that incite violence and chaos. Security measures are deployed to thwart terrorism by deterring attacks via surveillance, intelligence collection, and secure infrastructure. For example, in March 2023, the Global Terrorism Index 2023, issued by the Institute for Economics and Peace, a research and education organization based in Australia, reported that terrorist attacks had become more deadly, with an average of 1.7 fatalities per episode, a rise from 1.3 deaths per assault in 2021. Thus, the escalating terrorism is fueling the expansion of the security market.

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What Are the Key Market Segments in the Security Industry?

The securitymarket covered in this report is segmented –

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

Subsegments:

1) Access Control Systems: Card-Based Systems, Biometric Systems, Keypad Systems

2) Alarms And Notification Systems: Intruder Alarms, Fire Alarms, Emergency Notification Systems

3) Intrusion Detection Systems: Motion Sensors, Glass Break Detectors, Perimeter Sensors

4) Video Surveillance Systems: CCTV Cameras, IP Cameras, Video Management Software

5) Barrier Systems: Automatic Gates, Bollards, Turnstiles

6) Other Systems: Cybersecurity Solutions, Monitoring Services, Security Management Software

What Strategic Trends Are Transforming the Security Market?

Leading firms in the security industry are creating cutting-edge products such as Artificial Intelligence (AI) driven motion sensors to amplify threat detection and response efficiency. Such sensors harness the power of AI to improve the precision of motion detection, predict motion, and acclimate to diverse environmental aspects for smarter and accurate surveillance. An example of this trend is seen in the innovative feature launched in June 2023 called 24/7 Live Guard Protection by SimpliSafe, a home security firm based in the United States, designed to combat crime in real time. This feature, facilitated by a smart alarm wireless indoor security camera, lets the monitoring agents both visually and orally address the offenders through a two-way audio system. If an alarm is activated, agents can request the safeword or command the offender to vacate. In case of wrong safeword or non-compliance by the intruder, the agents swiftly involve the police.

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What Are the Key Regional Markets in the Security Industry?

North America was the largest region in the security market in 2024. 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.

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This Report Delivers Insight On:

1. How big is the security market, and how is it changing globally?

2. Who are the major companies in the security market, and how are they performing?

3. What are the key opportunities and risks in the security market right now?

4. Which products or customer segments are growing the most in the security market?

5. What factors are helping or slowing down the growth of the security market?

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