As our world becomes increasingly interconnected, the global security systems market is projected to explode from $48.59 billion to a staggering $73.86 billion by 2030, driven by relentless innovation and demand for safety.
Key Takeaways
- The global security systems market size was valued at USD 48.59 billion in 2023 and is projected to reach USD 73.86 billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
- In 2023, the video surveillance segment accounted for over 35% of the global security systems market revenue.
- North America dominated the security systems market with a 38% share in 2023, driven by high adoption in commercial sectors.
- The global security systems market is expected to grow from USD 51.2 billion in 2024 to USD 78.5 billion by 2029 at a CAGR of 8.9%.
- Video surveillance market projected to grow at CAGR of 12.1% from 2024 to 2030, reaching USD 102.4 billion.
- Access control systems market to expand at CAGR 7.8% from 2023 to 2030.
- Cloud-based security systems segment to grow fastest at CAGR 11.2% from 2024-2030.
- Video surveillance held 42% market share in security systems in 2023.
- Access control systems represented 25% of global security market in 2023.
- North America security systems market share was 37.5% in 2023.
- Asia Pacific expected to grow fastest at CAGR 8.4% due to urbanization.
- Europe security market valued at USD 15.6 billion in 2023.
- 68% of commercial buildings in the U.S. have security systems installed as of 2023.
- Adoption of AI in video surveillance reached 45% globally in 2023.
- Cloud-based security solutions adopted by 52% of enterprises in 2023.
The security systems industry is experiencing rapid global growth driven by technological advancements.
Growth Projections
- The global security systems market is expected to grow from USD 51.2 billion in 2024 to USD 78.5 billion by 2029 at a CAGR of 8.9%.
- Video surveillance market projected to grow at CAGR of 12.1% from 2024 to 2030, reaching USD 102.4 billion.
- Access control systems market to expand at CAGR 7.8% from 2023 to 2030.
- Biometric systems market anticipated CAGR of 13.7% through 2030.
- Intrusion detection market to grow at 6.5% CAGR to USD 10.2 billion by 2028.
- Residential security market projected CAGR 7.2% from 2024-2030.
- Commercial security systems to grow at 6.8% CAGR to 2030.
- Perimeter security market expected CAGR 7.5% from 2023-2030.
- IP video surveillance market CAGR 14.2% projected to 2028.
- Smart home security market to grow at 15.3% CAGR to USD 45.6 billion by 2027.
- Global market USD 51.2B 2024 to 78.5B 2029 CAGR 8.9%.
- Video surveillance CAGR 12.1% to USD 102.4B 2030.
- Access control CAGR 7.8% to 2030.
- Biometrics CAGR 13.7% to 2030.
- Intrusion CAGR 6.5% to 10.2B 2028.
- Residential CAGR 7.2% 2024-2030.
- Commercial CAGR 6.8% to 2030.
- Perimeter CAGR 7.5% 2023-2030.
- IP video CAGR 14.2% to 2028.
- Smart home CAGR 15.3% to 45.6B 2027.
Growth Projections Interpretation
It seems humanity's paranoid imagination, fueled by technology, is on track to become a hundred-billion-dollar industry, where watching your doorbell remotely grows faster than the economy and your fingerprint becomes a more valuable key.
Market Size & Revenue
- The global security systems market size was valued at USD 48.59 billion in 2023 and is projected to reach USD 73.86 billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
- In 2023, the video surveillance segment accounted for over 35% of the global security systems market revenue.
- North America dominated the security systems market with a 38% share in 2023, driven by high adoption in commercial sectors.
- The access control segment of the security systems market was valued at USD 12.5 billion in 2023.
- Global intrusion detection systems market reached USD 6.8 billion in 2023.
- The biometric security market size was USD 35.56 billion in 2022, expected to grow to USD 105.83 billion by 2030.
- Residential security systems market valued at USD 15.2 billion globally in 2023.
- Commercial security market size stood at USD 22.4 billion in 2023.
- Perimeter security market was worth USD 5.9 billion in 2023.
- IP-based security systems market valued at USD 28.7 billion in 2023.
- The global security systems market size was valued at USD 48.59 billion in 2023.
- Video surveillance segment over 35% of market in 2023.
- North America 38% share in 2023.
- Access control USD 12.5 billion in 2023.
- Intrusion detection USD 6.8 billion 2023.
- Biometrics USD 35.56 billion 2022.
- Residential USD 15.2 billion 2023.
- Commercial USD 22.4 billion 2023.
- Perimeter USD 5.9 billion 2023.
- IP security USD 28.7 billion 2023.
Market Size & Revenue Interpretation
The global security systems market, projected to hit $73.86 billion by 2030, is essentially a high-stakes game where we're spending tens of billions to watch ourselves, check each other's credentials, and keep everyone else out—apparently North America is leading this expensive but very serious party.
Regional Analysis
- North America security systems market share was 37.5% in 2023.
- Asia Pacific expected to grow fastest at CAGR 8.4% due to urbanization.
- Europe security market valued at USD 15.6 billion in 2023.
- U.S. video surveillance market size USD 12.3 billion in 2023.
- China dominated Asia Pacific with 45% regional share in 2023.
- Middle East & Africa security market CAGR 7.1% projected.
- India security systems market to reach USD 4.2 billion by 2028.
- UK access control market valued at GBP 1.2 billion in 2023.
- Latin America security market grew 6.2% YoY in 2023.
- Germany video surveillance installations reached 15 million units in 2023.
- Japan biometric market share 22% of global in 2023.
Regional Analysis Interpretation
While North America still lords over the fortress with the largest market share, the relentless growth in Asia-Pacific and the steady fortification of Europe prove that in the security industry, no region is sleeping on the watch.
Segment Breakdown
- Cloud-based security systems segment to grow fastest at CAGR 11.2% from 2024-2030.
- Video surveillance held 42% market share in security systems in 2023.
- Access control systems represented 25% of global security market in 2023.
- Intrusion alarms segment accounted for 18% revenue share in 2023.
- Biometrics held 12% share in access control market in 2023.
- Hardware components dominated with 55% market share in security systems in 2023.
- Software segment expected to grow to 28% share by 2030.
- Services segment comprised 22% of security market revenue in 2023.
- CCTV cameras segment 60% within video surveillance in 2023.
- IP cameras held 70% share in surveillance hardware in 2023.
- Cloud segment CAGR 11.2% fastest 2024-2030.
- Video surveillance 42% share 2023.
- Access control 25% share 2023.
- Intrusion alarms 18% revenue 2023.
- Biometrics 12% in access control 2023.
- Hardware 55% share 2023.
- Software to 28% by 2030.
- Services 22% revenue 2023.
Segment Breakdown Interpretation
It seems everyone wants a security blanket, so while hardware still clutches 55% of the market like a security guard to their flashlight, the cloud is quietly plotting a 11.2% growth coup, proving that the future of safety is not just about watching the door but also who's in the server room.
Technological Adoption
- 68% of commercial buildings in the U.S. have security systems installed as of 2023.
- Adoption of AI in video surveillance reached 45% globally in 2023.
- Cloud-based security solutions adopted by 52% of enterprises in 2023.
- Biometric authentication used in 35% of access control systems worldwide in 2023.
- IoT-enabled security devices installed in 28% of smart homes by 2023.
- 5G integration in security systems at 12% adoption rate in urban areas 2023.
- Facial recognition technology deployed in 40% of airports globally in 2023.
- Wireless security systems preference rose to 65% over wired in 2023.
- Blockchain for security data management adopted by 15% of firms in 2023.
- Edge computing in surveillance used by 32% of systems in 2023.
Technological Adoption Interpretation
We are rapidly shifting from a world where you simply locked the door to one where the door not only knows your face, whispers about your arrival to the cloud, and is probably judging your gait on the edge of the network, all while 68% of commercial buildings now have a watchful digital eye that's increasingly preferring wireless gossip over wired.
Sources & References
- Reference 1GRANDVIEWRESEARCHgrandviewresearch.comVisit source
- Reference 2MARKETSANDMARKETSmarketsandmarkets.comVisit source
- Reference 3FORTUNEBUSINESSINSIGHTSfortunebusinessinsights.comVisit source
- Reference 4MORDORINTELLIGENCEmordorintelligence.comVisit source
- Reference 5STATISTAstatista.comVisit source