GITNUX MARKETDATA REPORT 2024

Security Systems Industry Statistics

The Security Systems Industry is projected to experience steady growth due to increasing security concerns and technological advancements.

With sources from: imarcgroup.com, grandviewresearch.com, mordorintelligence.com, safewise.com and many more

Statistic 1

The global security systems market was valued at USD 59.27 billion in 2019.

Statistic 2

The security system market is projected to reach approximately USD 86.85 billion by 2025.

Statistic 3

North America dominated the global security system market with maximum share of 43% in 2019.

Statistic 4

In the U.S., approximately 30% of households have a security system.

Statistic 5

The video surveillance market is anticipated to grow at an annual rate of 14.6% up to 2025.

Statistic 6

The Asia Pacific region is expected to exhibit the highest growth rate in the security systems industry between 2020 and 2025.

Statistic 7

Approximately 60% of burglars stated the presence of a security system influenced their decision to target another home.

Statistic 8

Residential security system segment is expected to witness a growth rate of 8.7% from 2020 to 2025.

Statistic 9

Approximately 63% of residential burglary victims did not have a monitored security system.

Statistic 10

The fastest growing type of security system is IP-based security systems, with a projected CAGR of 14.1% from 2019 to 2025.

Statistic 11

Wireless connectivity segment to expand at a CAGR of 10.3% from 2019 to 2025 in the security solutions market.

Statistic 12

The fire detection systems are anticipated to reach a market size of USD 52.19 billion by 2025.

Statistic 13

77% of buyers of security systems are most interested in home automation features.

Statistic 14

Alarm monitoring services accounted for over 33% of security system revenue in 2018.

Statistic 15

Residential customers accounted for 40.5% of the security systems market in 2019.

Statistic 16

Government applications are expected to hold the largest share of the security solutions market by 2025.

Statistic 17

Commercial end-use segment dominated the security solutions market in 2018, with a share of over 30%.

Statistic 18

The industrial security systems market is predicted to grow at a 7% CAGR between 2021-2026.

Statistic 19

Home security camera installations in the US have grown from 20% in 2016 to 31% in 2019.

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In this post, we will explore key statistics and trends in the security systems industry, shedding light on the evolving landscape of global security markets. From the market values and growth projections to consumer preferences and technological advancements, these insights provide a comprehensive overview of the industry’s dynamics and future prospects. Whether you are a homeowner looking to enhance security or a business owner considering system upgrades, understanding the trends outlined here can help inform your decisions in this vital sector.

Statistic 1

"The global security systems market was valued at USD 59.27 billion in 2019."

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Statistic 2

"The security system market is projected to reach approximately USD 86.85 billion by 2025."

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Statistic 3

"North America dominated the global security system market with maximum share of 43% in 2019."

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Statistic 4

"In the U.S., approximately 30% of households have a security system."

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Statistic 5

"The video surveillance market is anticipated to grow at an annual rate of 14.6% up to 2025."

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Statistic 6

"The Asia Pacific region is expected to exhibit the highest growth rate in the security systems industry between 2020 and 2025."

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Statistic 7

"Approximately 60% of burglars stated the presence of a security system influenced their decision to target another home."

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Statistic 8

"Residential security system segment is expected to witness a growth rate of 8.7% from 2020 to 2025."

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Statistic 9

"Approximately 63% of residential burglary victims did not have a monitored security system."

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Statistic 10

"The fastest growing type of security system is IP-based security systems, with a projected CAGR of 14.1% from 2019 to 2025."

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Statistic 11

"Wireless connectivity segment to expand at a CAGR of 10.3% from 2019 to 2025 in the security solutions market."

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Statistic 12

"The fire detection systems are anticipated to reach a market size of USD 52.19 billion by 2025."

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Statistic 13

"77% of buyers of security systems are most interested in home automation features."

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Statistic 14

"Alarm monitoring services accounted for over 33% of security system revenue in 2018."

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Statistic 15

"Residential customers accounted for 40.5% of the security systems market in 2019."

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Statistic 16

"Government applications are expected to hold the largest share of the security solutions market by 2025."

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Statistic 17

"Commercial end-use segment dominated the security solutions market in 2018, with a share of over 30%."

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Statistic 18

"The industrial security systems market is predicted to grow at a 7% CAGR between 2021-2026."

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Statistic 19

"Home security camera installations in the US have grown from 20% in 2016 to 31% in 2019."

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Interpretation

In conclusion, the global security systems industry is experiencing significant growth, with projections indicating a substantial increase in market value by 2025. North America has been leading the market, with the U.S. showing a notable presence of security systems in households. The shift towards IP-based and wireless connectivity systems demonstrates the advancing technology in the industry. Home automation features and alarm monitoring services are key areas of interest for buyers, highlighting a demand for integrated and smart security solutions. The statistics also indicate a growing awareness of the importance of security systems in deterring burglaries, particularly in residential settings. With various segments like residential, commercial, government, and industrial showing promising growth rates, the industry is poised for further expansion in the coming years.

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