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 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.
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:
- 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:
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
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).
Key Questions Answered in This Report:
- How has the global security market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global security market?
- What are the key regional markets?
- What is the breakup of the market based on the system?
- What is the breakup of the market based on the service?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global security market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
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