Security Market Analysis Report By System, By Service, By End Use And Segment Forecasts From 2019 To 2025

Report ID: MN17619957  |  Published: July 2020  |  No of Pages: 210
Format: Electronic (PDF)  |  Industry: Computing & Technology

Industry Insights

The global security market size was accounted for USD 84.54 billion in 2018 and projected to grow at a CAGR of 10.3% over the forecast period, from 2019 to 2025. The growing number of fraudulent activities, illegal events & terrorism coupled with strict government rules have led to an increase in the adoption of security systems. In addition, growing smart cities projects across the globe are also fueling the demand for security systems. 

These systems have several advantages such as it keeps records of important insights, monitors activities in residential and commercial areas, and empowers nations against external threats and terrorism. This system is gaining traction in the military & defense sector due to the increased threat of cross-border intrusions and terrorism.

U.S. security market

Factors like growing security concerns across borders and increasing terrorism are projected to propel market growth in the next few years. Security systems manufacturers use several types of advanced cameras like tilt, pan, and zoom cameras connected with the internet to provide information from any location through both wireless and wired connectivity.

Technological advancement has enabled users’ real-time surveillance at critical and remote locations along with high accuracy. Further, there is growing adoption of advanced security systems with improved performance and advanced product features.

The market is projected to gain traction in the government & law enforcement segment owing to the increasing number of crimes. Governments across the globe are taking initiatives to curb the crime rate. For example, the reduction of workforce included in performing critical jobs at hazardous locations is replacing them with a security system which is projected to drive the market growth in the near future.

Systems Insights

On the basis of systems, the market is segmented into alarms & notification systems, video surveillance systems, intrusion detection systems, barrier systems, access control systems, and others. The video surveillance system is expected to emerge as the fastest-growing segment due to having a wide range of applications with better efficiency. It helps to monitor the movements of objects, theft, and criminal activities that happen around them. These systems are available at affordable cost and help to monitor criminal activities. In addition, this system helps to detect intrusion and control management. Therefore several benefits associated with video surveillance systems are projected to drive the segment growth over the forecast period.

The intrusion detection systems segment is estimated to grow with a CAGR of over 10.0% during the forecast period. This growth is attributed to growing illegal activities like smuggling and cross-border terrorism. In addition, this system is used to connect and manage several peripheral components like motion detectors, doors, sensors, and alarms.

End-use Insights

Based on end-use, the security market is segmented into military & defense, government, commercial, transportation, industrial, and others. The military & defense segment accounted for the largest market share, in 2018. An increasing number of cross-border intrusions and terrorism has increased the need for implementing advanced security systems in the military and defense sectors. The major security applications uses in this sector are auto-exposure, programmable exposure, cameras with built-in image processing, and programmable corrections. Additionally, law enforcement sites including prisons, lock-ups, and others need a high security to stop criminals from carrying out malicious activities.

The transportation segment is projected to have substantial growth over the forecast period. This growth is attributed to the increasing adoption of security systems at several locations such as railway stations, airports, and ports for reducing illegal activities. In addition, systems allow monitoring of goods with the help of network cameras integrated on mobile devices, thereby expected to drive the market growth in this segment.

Service Insights

Based on service, the market is segmented into risk assessment & analysis, managed services, system integration & consulting, maintenance and support. In 2018, system integration & consulting accounted for the largest market share in terms of revenue. This high revenue market share is attributed to the growing demand for advanced systems that enable the collection of information on a single platform. Customers prefer various solutions/products integration due to high efficiency and easy control.

Europe security market

The managed security services are expected to emerge as the fastest-growing segment from 2019 to 2025. Growing demand for mobile devices and mobile workforce has increased the demand for managed security services across the globe. In addition, several organizations are offering security solutions and system integration options for their customers on a single platform. Several factors like the implementation of wireless technology, the adoption of IoT-based security systems, and other technological advancement in security systems are expected to fuel the market growth.

Regional Insights

In 2018, North America dominated the market due to increased intrusion crime activities and crime rates in this region. The North American security market is majorly driven by growing awareness of monitoring systems in several applications, as it helps for remote access. Reduce powers consumption and others. The growing number of security theft, the emergence of big data, and real-time responses to threats and risks are projected to drive the regional market growth

Asia Pacific is expected to grow with the highest CAGR due to the growing focus of governments on the implementation of security systems in infrastructural development. In this region, various developing nations like India and China are investing huge amounts to develop security-related products and develop technologically advanced innovative systems such as high-efficiency cameras and wireless connectivity. Several threats like Advanced Persistent Threats (APT), frauds, and attacks are anticipated to open new avenues for market growth in this region.

Impact of COVID-19

In this COVID-19 pandemic situation, governments across the globe are determined to prevent the fast-spreading of diseases by locking down cities and preventing them from congregating at restaurants, offices, airports, hospitals, and retail stores. In the security market, video Surveillance systems are playing an important role to maintain social distancing by monitoring the specified number of people who will be allowed at a time. In addition, technological innovation such as thermal body temperature monitoring solutions in video surveillance is widely gaining traction across various industries. Moreover, in the healthcare sector, a video surveillance system is used to check medical professionals have properly washed their hands and maintaining safe distances between people or not. In the logistics sector, this system helps to protect against theft during the transportation of essential products. Thus, several benefits of security systems across various sectors will drive the market growth in pandemic duration. Market players are developing websites to reduce scams and helps users to stay safe online. For instance, Google Threat Analysis Group constantly monitors hacking activities. In addition, its security system helps to detect scams like phishing emails posing as notifications from NGOs and charities battling for COVID-19. Google has seen 18 million phishing attempts and around 240-million related spam messages daily. Therefore, a security system is expected to gain traction during this pandemic situation.

Security Market Share Insights

The key players include in this market are Ameristar Perimeter Security; Honeywell International, Inc.; TPPG The Perimeter Protection Group AB; RBtec Perimeter Senstar Corporation Security Systems; FutureNet Security Solutions, LLC; FLIR Systems, Inc.; Southwest Microwave, Inc.; Tyco International Plc.; Anixter International, Inc.; Axis Communications AB and ZABAG Security Engineering GmbH.

The market players are concentrating on inorganic growth strategies to sustain themselves in a competitive market. For example, in 2016, a Canada-based Aimetis company is acquired by Senstar. In addition, Senstar has formed a team of human and financial resources for its organic development.

Report Scope



The base year for estimation


Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Billion and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, MEA

Country scope

U.S., Canada, U.K., Germany, Australia, New Zealand, India, Japan, China, Brazil, and Mexico

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of the customization

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Million Insights has segmented the global security market report based on system, service, end-use, and region:

• System Outlook (Revenue, USD Billion, 2014 - 2025)
    • Access Control Systems
    • Alarms & Notification Systems
    • Intrusion Detection Systems
    • Video Surveillance Systems
    • Barrier Systems
    • Others

• Service Outlook (Revenue, USD Billion, 2014 - 2025)
    • System Integration and Consulting
    • Risk Assessment and Analysis
    • Managed Services
    • Maintenance and Support

• End-use Outlook (Revenue, USD Billion, 2014 - 2025)
    • Government
    • Military and Defense
    • Transportation
    • Commercial
    • Industrial
    • Others

• Regional Outlook (Revenue, USD Billion, 2014 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • the Asia Pacific
        • Australia
        • New Zealand
        • China
        • Japan
        • India
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa

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