GITNUX MARKETDATA REPORT 2024

Commercial Security Industry Statistics

The commercial security industry is expected to continue growing steadily due to increasing security threats and technological advancements in surveillance and authentication systems.

Highlights: Commercial Security Industry Statistics

  • By 2023, the global security solutions market, which encompasses the commercial security industry, is predicted to reach $415.28 billion.
  • Video surveillance comprises 70.21% of the physical security market in 2018.
  • Artificial Intelligence (AI) in the security industry is expected to reach $35.40 billion by 2025.
  • Cybersecurity spending for critical infrastructure, including commercial sectors, is set to grow to $105.99 billion by 2024.
  • The access control market, which is vital to commercial security, is forecasted to reach $10.03 billion by 2023.
  • Retail accounted for 34% of the commercial security systems market in 2020.
  • Almost 67% of losses experienced by businesses result from theft or burglary.
  • The Cybersecurity Market is expected to grow to $248.26 billion by 2023.
  • The security system integration market is projected to grow from $9.9 billion in 2021 to $16.6 billion by 2026.
  • The Americas has the largest share of the security solutions market, with 33% in 2019.
  • The study indicates that 94 percent of commercial property managers consider a high-quality security system important.
  • The global barrier system market's growth is anticipated to rise at a CAGR of 4.12% between 2020 and 2025, valued at $20.13 billion.

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In today’s rapidly evolving business landscape, the importance of commercial security cannot be overstated. As technology advances and threats become more sophisticated, businesses must stay informed about the latest trends and statistics in the commercial security industry to safeguard their assets. In this blog post, we will delve into some key statistics and insights that shed light on the state of the commercial security industry today.

The Latest Commercial Security Industry Statistics Explained

By 2023, the global security solutions market, which encompasses the commercial security industry, is predicted to reach $415.28 billion.

The statistic states that by 2023, the global security solutions market, including the commercial security industry, is forecasted to grow to $415.28 billion. This indicates a significant increase in the market size, highlighting the growing importance of security solutions in both the commercial and global context. The predicted growth suggests a rising demand for security technologies and services, driven by various factors such as increasing security threats, advancements in technology, and regulatory requirements. The statistic underscores the continued focus on enhancing security measures across industries to mitigate risks and protect assets, emphasizing the role of security solutions in safeguarding businesses and organizations worldwide.

Video surveillance comprises 70.21% of the physical security market in 2018.

The statistic ‘Video surveillance comprises 70.21% of the physical security market in 2018’ indicates that video surveillance technology accounted for a significant portion of the overall physical security industry in the year 2018. Specifically, of all the various security solutions and products available in the market to protect physical assets, such as access control systems, alarms, and security guards, video surveillance systems represented the majority share at 70.21%. This statistic underscores the importance and widespread adoption of video surveillance as a key tool in safeguarding properties, assets, and individuals, highlighting its prominence in the security industry during that time period.

Artificial Intelligence (AI) in the security industry is expected to reach $35.40 billion by 2025.

The statistic indicates that the market size of Artificial Intelligence (AI) in the security industry is projected to grow and reach a value of $35.40 billion by the year 2025. This growth reflects a significant increase in the adoption of AI technologies within the security sector due to their ability to enhance threat detection, automate processes, and improve overall security measures. Factors driving this market growth may include the increasing volume and complexity of cyber threats, the need for more sophisticated security solutions, and advancements in AI technology that enable more efficient and effective security operations. As a result, businesses and organizations are investing in AI solutions to bolster their defenses against cyberattacks and safeguard their sensitive data and assets.

Cybersecurity spending for critical infrastructure, including commercial sectors, is set to grow to $105.99 billion by 2024.

The statistic indicates that expenditures on cybersecurity measures to protect critical infrastructure, including commercial sectors, are projected to increase significantly to reach $105.99 billion by the year 2024. This growth in cybersecurity spending reflects the increasing awareness and recognition of the importance of safeguarding critical infrastructures such as energy, transportation, finance, and healthcare against cyber threats. The rising frequency and sophistication of cyber attacks targeting these sectors have prompted organizations to allocate more resources towards enhancing their cybersecurity defenses. This increased investment signals a commitment towards implementing robust security measures to mitigate risks and ensure the resilience of critical infrastructure systems in the face of evolving cyber threats.

The access control market, which is vital to commercial security, is forecasted to reach $10.03 billion by 2023.

The statistic indicates that the access control market, a key component in maintaining commercial security, is expected to grow significantly, reaching a value of $10.03 billion by the year 2023. This forecast suggests a strong demand for access control solutions such as biometric systems, key cards, and smart locks, driven by the increasing emphasis on safeguarding physical and digital assets in commercial settings. The projected market expansion reflects the growing awareness and investment in security measures to protect businesses, facilities, and sensitive information, highlighting the importance of robust access control systems in the realm of commercial security.

Retail accounted for 34% of the commercial security systems market in 2020.

The statistic “Retail accounted for 34% of the commercial security systems market in 2020” indicates that the retail sector comprised approximately one-third of the total market share for commercial security systems in that year. This suggests that retail businesses had a significant presence in the market for security systems, highlighting the importance of security measures within the retail industry. The data implies that retail establishments, such as stores, shopping centers, and other related businesses, invested a considerable amount in security systems to protect their assets, employees, and customers. Understanding this statistic can provide insights into the security priorities and investment strategies within the retail sector, as well as the overall demand for commercial security systems in 2020.

Almost 67% of losses experienced by businesses result from theft or burglary.

The statistic that almost 67% of losses experienced by businesses result from theft or burglary suggests a significant impact of security breaches on business finances. It indicates that a substantial proportion of business losses are attributable to deliberate acts of theft or burglary, highlighting the importance of protecting business assets and premises from such criminal activities. This statistic underscores the need for businesses to implement effective security measures, such as surveillance systems, access controls, and security personnel, to mitigate the risk of theft and burglary and safeguard their financial well-being. By addressing these security concerns proactively, businesses can potentially reduce their losses and maintain a more secure operational environment.

The Cybersecurity Market is expected to grow to $248.26 billion by 2023.

The statistic that the cybersecurity market is expected to grow to $248.26 billion by 2023 indicates a significant increase in the demand and investment in cybersecurity technologies and services. This growth projection suggests that organizations across various industries are recognizing the importance of protecting their digital assets and data from cyber threats, leading to a surge in spending on cybersecurity solutions. The rapid evolution of cyber threats and increasing regulatory requirements are likely driving this growth, highlighting the need for robust cybersecurity measures to safeguard sensitive information and maintain the integrity of digital infrastructure.

The security system integration market is projected to grow from $9.9 billion in 2021 to $16.6 billion by 2026.

The statistic indicates that the security system integration market is expected to experience significant growth over the next five years, with a projected increase from $9.9 billion in 2021 to $16.6 billion by 2026. This growth suggests a robust market demand for integrated security solutions, likely driven by factors such as increasing concerns about security threats, technological advancements, and regulatory requirements. The projected growth signifies opportunities for companies operating in the security system integration sector to expand their businesses, innovate their offerings, and capitalize on the evolving needs of customers seeking comprehensive security solutions.

The Americas has the largest share of the security solutions market, with 33% in 2019.

The statistic indicates that in 2019, the Americas held the largest portion of the security solutions market, accounting for 33% of the total market share. This suggests that a significant proportion of the demand for security solutions in areas such as cybersecurity, physical security, and data protection was concentrated in North and South America during that time period. The dominance of the Americas in this market may be attributed to factors such as technological advancements, high awareness of security issues, and a strong economy driving investment in security solutions. This statistic highlights the region’s importance as a major player in the global security solutions industry.

The study indicates that 94 percent of commercial property managers consider a high-quality security system important.

The statistic suggests that a vast majority (94 percent) of commercial property managers believe that having a high-quality security system is of significant importance. This high percentage indicates that security is a top priority for property managers, likely due to factors such as protecting assets, ensuring the safety of tenants and employees, and reducing the risk of potential threats or incidents. The finding implies that investment in robust security measures is a common consideration for property management, underscoring the critical role security systems play in safeguarding commercial properties and meeting the needs and expectations of stakeholders.

The global barrier system market’s growth is anticipated to rise at a CAGR of 4.12% between 2020 and 2025, valued at $20.13 billion.

The statistic indicates that the global barrier system market is expected to experience consistent growth over the forecast period from 2020 to 2025, with a Compound Annual Growth Rate (CAGR) of 4.12%. This growth is forecasted to result in the market’s total value reaching $20.13 billion by the end of 2025. The CAGR metric suggests that the market is likely to expand steadily at an annual average rate of 4.12% during this period. This indicates a positive outlook for the barrier system market, with increasing demand for such systems across various industries driving this growth trend.

References

0. – https://www.www.statista.com

1. – https://www.www.iii.org

2. – https://www.www.marketsandmarkets.com

3. – https://www.www.marketresearchfuture.com

4. – https://www.www.researchandmarkets.com

5. – https://www.www.prnewswire.com

6. – https://www.www.sdmmag.com

7. – https://www.www.securitymagazine.com

8. – https://www.www.gminsights.com

9. – https://www.marketresearchfuture.com

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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