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Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global security market reached a value of US$ 112.07 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 200.07 Billion by 2027, exhibiting a growth rate (CAGR) of 9.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Security refers to a set of cybersecurity strategies that prevent unauthorized access to organizational assets, such as computers, networks, and data. It includes different areas of information technology (IT) security, such as network, internet, endpoint, cloud, user, and application. It helps maintain the integrity and confidentiality of sensitive information by blocking access for hackers. As a result, it plays a pivotal role in the modern business strategy, wherein a loophole can cause undesirable outcomes like theft and losing customer trust and loyalty.

 

 
 

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Security Market Trends:

The growing instances of cybercrime and fraudulent activities represent one of the major factors positively influencing organizations to install advanced security systems for preventing malicious threats and potential security breaches, which can have a massive impact on the financial health of businesses. Moreover, IT security finds widespread adoption in the energy sector to meet the emerging needs for uninterrupted power supply across the globe. Apart from this, health firms nowadays are relying on specialized information systems, such as electronic healthcare records (HER), e-prescribing, practice management support, clinical decision support, radiology information, and computerized physician order entry. This increases the requirement of protecting the confidentiality, integrity, and availability of electronic information and assets from unauthorized access, use, and disclosure, thereby stimulating the market growth. Besides this, the rising use of information and communication technology (ICT) in the logistics industry for transparency, cost-efficacy, and real-time tracking of goods is resulting in an increased risk of data theft. This, in confluence with the growing popularity of online shopping apps, is driving the demand for security systems to identify potential threats and breaches and protect the confidential information of suppliers and customers.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global security market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on system, service and end user.

Breakup by System:

 

 
 

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  • Access Control Systems
  • Alarms and Notification Systems
  • Intrusion Detection Systems
  • Video Surveillance Systems
  • Barrier Systems
  • Others
     

Breakup by Service:

  • System Integration and Consulting
  • Risk Assessment and Analysis
  • Managed Services
  • Maintenance and Support
     

Breakup by End User:

  • Government
  • Military and Defense
  • Transportation
  • Commercial
  • Industrial
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Ameristar Perimeter Security (Assa Abloy AB), ATG Access Ltd., Avon Barrier Corporation Ltd. (Perimeter Protection Group), Barrier1 Systems LLC, CIAS Elettronica Srl, Delta Scientific Corporation, EL-Go Team, Frontier Pitts Ltd., Honeywell International Inc., Johnson Controls International PLC, Senstar Corporation (Senstar Technologies Ltd.) and Teledyne FLIR LLC (Teledyne Technologies Incorporated).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage System, Service, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Ameristar Perimeter Security (Assa Abloy AB), ATG Access Ltd., Avon Barrier Corporation Ltd. (Perimeter Protection Group), Barrier1 Systems LLC, CIAS Elettronica Srl, Delta Scientific Corporation, EL-Go Team, Frontier Pitts Ltd., Honeywell International Inc., Johnson Controls International PLC, Senstar Corporation (Senstar Technologies Ltd.) and Teledyne FLIR LLC (Teledyne Technologies Incorporated).
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Security Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by System
    6.1    Access Control Systems
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Alarms and Notification Systems
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Intrusion Detection Systems
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Video Surveillance Systems
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Barrier Systems
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Others
        6.6.1 Market Trends
        6.6.2 Market Forecast
7    Market Breakup by Service
    7.1    System Integration and Consulting
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Risk Assessment and Analysis
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Managed Services
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Maintenance and Support
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by End User
    8.1    Government
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Military and Defense
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Transportation
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Commercial
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Industrial
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Ameristar Perimeter Security (Assa Abloy AB)
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    ATG Access Ltd.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Avon Barrier Corporation Ltd. (Perimeter Protection Group)
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Barrier1 Systems LLC
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    CIAS Elettronica Srl
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Delta Scientific Corporation
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    EL-Go Team
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Frontier Pitts Ltd.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Honeywell International Inc.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Johnson Controls International PLC
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    Senstar Corporation (Senstar Technologies Ltd.)
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
        14.3.12    Teledyne FLIR LLC (Teledyne Technologies Incorporated)
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Security Market: Major Drivers and Challenges
Figure 2: Global: Security Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Security Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Security Market: Breakup by System (in %), 2021
Figure 5: Global: Security Market: Breakup by Service (in %), 2021
Figure 6: Global: Security Market: Breakup by End User (in %), 2021
Figure 7: Global: Security Market: Breakup by Region (in %), 2021
Figure 8: Global: Security (Access Control Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Security (Access Control Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Security (Alarms and Notification Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Security (Alarms and Notification Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Security (Intrusion Detection Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Security (Intrusion Detection Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Security (Video Surveillance Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Security (Video Surveillance Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Security (Barrier Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Security (Barrier Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Security (Other Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Security (Other Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Security (System Integration and Consulting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Security (System Integration and Consulting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Security (Risk Assessment and Analysis) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Security (Risk Assessment and Analysis) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Security (Managed Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Security (Managed Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Security (Maintenance and Support) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Security (Maintenance and Support) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Security (Government) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Security (Government) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Security (Military and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Security (Military and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Security (Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Security (Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Security (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Security (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Security (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Security (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Security (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Security (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: North America: Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: North America: Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: United States: Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: United States: Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Canada: Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Canada: Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Asia-Pacific: Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Asia-Pacific: Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: China: Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: China: Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Japan: Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Japan: Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: India: Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: India: Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: South Korea: Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: South Korea: Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Australia: Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Australia: Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Indonesia: Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Indonesia: Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Others: Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Others: Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Europe: Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Europe: Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Germany: Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Germany: Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: France: Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: France: Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: United Kingdom: Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: United Kingdom: Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Italy: Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Italy: Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Spain: Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Spain: Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Russia: Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Russia: Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Latin America: Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Latin America: Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Brazil: Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Brazil: Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Mexico: Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Mexico: Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Others: Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Others: Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Middle East and Africa: Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Middle East and Africa: Security Market: Breakup by Country (in %), 2021
Figure 88: Middle East and Africa: Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Global: Security Industry: SWOT Analysis
Figure 90: Global: Security Industry: Value Chain Analysis
Figure 91: Global: Security Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Security Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Security Market Forecast: Breakup by System (in Million US$), 2022-2027
Table 3: Global: Security Market Forecast: Breakup by Service (in Million US$), 2022-2027
Table 4: Global: Security Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Security Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Security Market: Competitive Structure
Table 7: Global: Security Market: Key Players


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Key Questions Answered in This Report

The global security market was valued at US$ 112.07 Billion in 2021.

We expect the global security market to exhibit a CAGR of 9.60% during 2022-2027.

The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of numerous security strategies for data privacy and security, owing to the rising deployment of remote working and Bring Your Own Device (BYOD) models by numerous organizations.

The growing instances of cybercrime and fraudulent activities, along with the elevating adoption of advanced security strategies to prevent malicious threats and potential security breaches to maintain integrity and confidentiality of sensitive information, are primarily driving the global security market.

 

Based on the system, the global security market can be categorized into access control systems, alarms and notification systems, intrusion detection systems, video surveillance systems, barrier systems, and others. Currently, video surveillance systems exhibit clear dominance in the market.

Based on the service, the global security market has been segmented into system integration and consulting, risk assessment and analysis, managed services, and maintenance and support. Among these, system integration and consulting currently holds the largest market share.

Based on the end user, the global security market can be bifurcated into government, military and defense, transportation, commercial, industrial, and others. Currently, the military and defense sector accounts for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global security market include Ameristar Perimeter Security (Assa Abloy AB), ATG Access Ltd., Avon Barrier Corporation Ltd. (Perimeter Protection Group), Barrier1 Systems LLC, CIAS Elettronica Srl, Delta Scientific Corporation, EL-Go Team, Frontier Pitts Ltd., Honeywell International Inc., Johnson Controls International PLC, Senstar Corporation (Senstar Technologies Ltd.), and Teledyne FLIR LLC (Teledyne Technologies Incorporated).

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