The security industry is a rapidly growing sector, with the global market expected to reach $174.7 billion by 2025 and facial recognition technology alone projected to grow from $3.72 billion in 2019 to $10.19 billion by 2025. The United States had a 31% share of the global security market in 2019, making it the largest market for this industry, while video surveillance accounts for 26.11% of its total market share globally.
Additionally, commercial and infrastructure end-use applications account for 36.62%, while physical security has an annual revenue of around 28 million dollars in the US alone and more than 65 thousand firms operating within its borders as well as 1 billion installed cameras worldwide anticipated by 2021. Furthermore, cybersecurity is estimated at 345$4 Billion USD by 2026; access control will be worth 12$1 Billion USD; smart home security 134$5 Billion USD; airport 16$48 Million USD; perimeter 61$3 Million USD all respectively – these are just some examples that demonstrate how vast this field truly is.
Security Industry Statistics Overview
The United States had a 31.0% share of the global security market in 2019, making it the largest market.
This statistic is a testament to the United States’ dominance in the security industry. It highlights the fact that the US is the largest market in the world for security products and services, and that it is a major player in the global security market. This is important information for anyone interested in the security industry, as it provides insight into the size and scope of the industry, and the potential opportunities available.
Video surveillance accounts for 26.11% of the security industry market share.
This statistic is a telling indication of the importance of video surveillance in the security industry. It demonstrates that video surveillance is a major player in the security industry, and that it is a key component of the industry’s overall market share. This highlights the need for businesses to invest in video surveillance technology in order to ensure the safety and security of their premises.
Commercial and infrastructure end-use applications account for 36.62% of the security industry in 2019.
This statistic is a telling indication of the importance of the security industry in the commercial and infrastructure sectors. It highlights the need for reliable security solutions to protect businesses and infrastructure from potential threats. Furthermore, it demonstrates the value of the security industry in providing a safe and secure environment for businesses and infrastructure to operate in.
The installed base of security cameras in the United States is projected to grow from 33 million in 2012 to over 62 million in 2022.
This statistic is a telling indication of the increasing importance of security cameras in the United States. It shows that the demand for security cameras is growing rapidly, and that the industry is likely to experience significant growth in the coming years. This is an important point to consider when discussing the security industry, as it highlights the need for businesses and individuals to invest in security solutions to protect their assets.
The global access control market, a key segment of the security industry, is projected to be worth $12.1 billion by 2024.
This statistic is a clear indication of the immense potential of the security industry. It shows that the global access control market is expected to experience significant growth in the coming years, which could lead to more opportunities for businesses and individuals in the security sector. This could mean more jobs, more investments, and more innovation in the security industry, all of which could have a positive impact on the global economy.
The number of full-time employees in the private security sector is expected to rise by 3.3% each year.
This statistic is indicative of the growing importance of the private security sector. As the number of full-time employees rises, it is clear that the industry is expanding and becoming increasingly vital to the safety and security of individuals and businesses. This trend is likely to continue, as the demand for private security services continues to grow. As such, this statistic is an important indicator of the health of the security industry and its future prospects.
More than 65,000 security firms are operating in the United States.
This statistic is a testament to the sheer size and scope of the security industry in the United States. It speaks to the importance of security services in our society, and the fact that there are so many firms operating in the country is a clear indication of the demand for these services. It also highlights the need for businesses and individuals to be aware of the security industry and the services it provides.
The global market for security robots is anticipated to reach $4.4 billion by 2025.
This statistic is a clear indication of the growing importance of security robots in the global market. It shows that the demand for these robots is increasing, and that the industry is expected to experience significant growth in the coming years. This is an important insight for anyone interested in the security industry, as it provides a glimpse into the future of the industry and the potential opportunities that may arise.
The global market for biometrics, a crucial aspect of the security industry, is expected to reach $76.64 billion by 2027.
This statistic is a testament to the growing importance of biometrics in the security industry. As the global market for biometrics is expected to reach $76.64 billion by 2027, it is clear that biometrics are becoming increasingly essential for businesses and organizations to protect their data and assets. This highlights the need for organizations to invest in biometric security solutions to ensure their data is secure and protected.
The smart home security market’s global value is anticipated to reach $134.5 billion by 2027.
This statistic is a testament to the growing importance of smart home security in the modern world. As the global value of the market is expected to reach $134.5 billion by 2027, it is clear that the security industry is becoming increasingly vital to the safety and security of homes and businesses. This statistic serves as a reminder of the need for continued investment in security technology and services in order to ensure the safety of our homes and businesses.
The total number of installed security cameras worldwide is expected to reach over 1 billion by 2021.
This statistic is a testament to the growing importance of security cameras in our lives. As the world becomes increasingly interconnected, the need for reliable security systems is becoming more and more apparent. With the number of installed security cameras expected to reach over 1 billion by 2021, it is clear that the security industry is growing rapidly and is becoming an integral part of our lives.
Approximately 97% of the global security market is composed of small- to medium-sized businesses.
This statistic is a powerful reminder of the importance of small- to medium-sized businesses in the global security market. It highlights the fact that these businesses are the backbone of the industry, providing essential services and products to protect people and property. It also serves as a reminder that these businesses need to be supported and encouraged to continue to grow and innovate in order to ensure the security of our world.
The global airport security market is projected to reach $16.48 billion by 2027.
This statistic is a testament to the growing importance of airport security in today’s world. With the increasing number of travelers and the heightened security threats, it is no surprise that the global airport security market is expected to reach such a high figure. This statistic serves as a reminder of the need for robust security measures to ensure the safety of travelers and airport personnel.
The perimeter security market is valued at $61.3 billion in 2020 and is expected to reach $96.5 billion by 2026.
This statistic paints a vivid picture of the security industry’s growth trajectory, indicating that the market is expected to expand significantly over the next few years. It is a clear indication that the security industry is a lucrative and rapidly growing sector, and one that is likely to continue to attract investment and attention. This statistic is an important reminder of the importance of staying up-to-date with the latest security industry trends and developments.
The global market for facial recognition technology, a significant part of the security industry, is expected to grow from $3.72 billion in 2019 to $10.19 billion by 2025.
This statistic is a clear indication of the growing importance of facial recognition technology in the security industry. It shows that the industry is investing heavily in this technology, expecting it to become a major part of their operations in the near future. This is a strong indication that the security industry is taking the threat of cybercrime seriously and is looking for ways to stay ahead of the curve. As such, this statistic is an important indicator of the industry’s commitment to staying secure.
Conclusion
The security industry is a rapidly growing sector with an estimated global market value of $119.23 billion in 2020 and projected to reach up to $174.7 billion by 2025, according to various sources. Video surveillance accounts for 26.11% of the security industry market share while commercial and infrastructure end-use applications account for 36.62%.
The United States had a 31% share of the global security market in 2019, making it the largest single country contributor followed by China at 15%. Additionally, facial recognition technology has seen significant growth from its current worth of $3.72 billion in 2019 to an expected worth of over 10$19 billion by 2025 as well as other technologies such as access control systems which are anticipated to be valued at 12$1billion by 2024 and smart home security reaching 134$5billionby 2027 respectively.
With these figures continuing on their upward trajectory along with increasing investment into advanced technologies, there is no doubt that this trend will continue throughout 2021and beyond
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