GITNUX MARKETDATA REPORT 2024

Must-Know Security Industry Statistics [Current Data]

Statistic 1

"The global security industry is expected to grow at a CAGR (compound annual growth rate) of 10.3% from 2020 to 2027."

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Statistic 2

"The market value of the security industry was valued at $119.23 billion in 2020."

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Statistic 3

"The United States had a 31.0% share of the global security market in 2019, making it the largest market."

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Statistic 4

"Video surveillance accounts for 26.11% of the security industry market share."

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Statistic 5

"Commercial and infrastructure end-use applications account for 36.62% of the security industry in 2019."

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Statistic 6

"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."

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Statistic 7

"The global access control market, a key segment of the security industry, is projected to be worth $12.1 billion by 2024."

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Statistic 8

"The number of full-time employees in the private security sector is expected to rise by 3.3% each year."

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Statistic 9

"More than 65,000 security firms are operating in the United States."

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Statistic 10

"The global market for security robots is anticipated to reach $4.4 billion by 2025."

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Statistic 11

"The global market for biometrics, a crucial aspect of the security industry, is expected to reach $76.64 billion by 2027."

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Statistic 12

"The smart home security market’s global value is anticipated to reach $134.5 billion by 2027."

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Statistic 13

"The total number of installed security cameras worldwide is expected to reach over 1 billion by 2021."

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Statistic 14

"Approximately 97% of the global security market is composed of small- to medium-sized businesses."

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Statistic 15

"The global airport security market is projected to reach $16.48 billion by 2027."

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Statistic 16

"The perimeter security market is valued at $61.3 billion in 2020 and is expected to reach $96.5 billion by 2026."

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