The Latest Security Systems Industry Statistics Explained
The global security systems market was valued at USD 59.27 billion in 2019.
The statistic that the global security systems market was valued at USD 59.27 billion in 2019 represents the total revenue generated by companies within the security systems industry that year. This figure encapsulates the combined sales of various types of security solutions and products, such as surveillance systems, access control systems, fire detection systems, and cybersecurity technologies, across different regions globally. The market value indicates the significance and size of the security systems industry, reflecting the growing demand for security-related products and services due to increasing security threats, advancements in technology, and regulatory requirements. Tracking this value over time can provide insights into the market’s growth trajectory, trends, and the overall health of the industry.
The security system market is projected to reach approximately USD 86.85 billion by 2025.
The statistic states that the security system market is expected to grow substantially and reach an estimated value of around USD 86.85 billion by the year 2025. This projection suggests a significant increase in demand for security systems globally, likely driven by factors such as rising concerns about safety and security, technological advancements in surveillance and monitoring capabilities, and increasing investments in security infrastructure across various industries. The growth trajectory indicated by this statistic indicates a lucrative market opportunity for businesses operating in the security system industry and highlights the ongoing importance of security solutions in a rapidly evolving and increasingly interconnected world.
North America dominated the global security system market with maximum share of 43% in 2019.
The statistic “North America dominated the global security system market with a maximum share of 43% in 2019” indicates that North America held the largest market share in the security system industry compared to other regions worldwide. This suggests that a significant portion of the revenue generated in the global security system market in 2019 was attributed to companies and consumers in North America. This dominance could be due to various factors such as advanced technology, high demand for security systems, strong market players, or effective marketing strategies in the region. It highlights the importance of the North American market in driving the growth and development of the global security system industry during that period.
In the U.S., approximately 30% of households have a security system.
The statistic states that around 30% of households in the United States have implemented a security system. This implies that a significant portion of households in the country have taken measures to protect their homes and belongings through the installation of security systems. The prevalence of security systems can be influenced by various factors such as crime rates, income levels, and geographical location. Understanding this statistic can provide insights into the importance of home security for a sizable portion of the population and can be valuable for policymakers, security companies, and individuals looking to enhance their home safety measures.
The video surveillance market is anticipated to grow at an annual rate of 14.6% up to 2025.
The statistic indicates that the video surveillance market is expected to expand significantly over the next few years, with a projected annual growth rate of 14.6% up to the year 2025. This growth rate signifies a strong and consistent upward trend in the demand for video surveillance technologies and services. Factors such as increasing security concerns, technological advancements in video analytics, and the growing adoption of surveillance systems across various industries are likely driving this growth. The forecasted expansion suggests opportunities for businesses operating in the video surveillance sector to capitalize on the rising demand and potentially increase their market share in the coming years.
The Asia Pacific region is expected to exhibit the highest growth rate in the security systems industry between 2020 and 2025.
The statistic indicates that the security systems industry in the Asia Pacific region is projected to experience significant growth during the period from 2020 to 2025. This implies that there is expected to be a higher rate of expansion in this industry compared to other regions globally. Factors such as increasing security concerns, rapid urbanization, technological advancements, and rising investments in infrastructure development could contribute to this growth trend. Companies operating in the security systems sector may find opportunities for market expansion and profitability in the Asia Pacific region during the specified time frame, making it a key area of focus for industry players looking to capitalize on emerging market trends.
Approximately 60% of burglars stated the presence of a security system influenced their decision to target another home.
This statistic indicates that a significant majority of burglars, approximately 60%, reported that the presence of a security system played a pivotal role in dissuading them from targeting a particular home for burglary. This finding suggests that the existence of a security system acts as a deterrent for potential burglars, influencing their decision-making process and leading them to seek out other homes that are not equipped with such systems. The statistic underscores the importance of implementing security measures such as alarm systems, surveillance cameras, and other deterrents to protect homes and prevent potential break-ins.
Residential security system segment is expected to witness a growth rate of 8.7% from 2020 to 2025.
The statistic that the residential security system segment is projected to experience a growth rate of 8.7% from 2020 to 2025 indicates that there is anticipated to be significant expansion in the market for security systems specifically designed for residential properties over the next five-year period. This growth rate highlights an increasing demand for home security solutions, potentially driven by factors such as rising awareness of the importance of home safety and security, advancements in technology, and a growing emphasis on protecting personal assets and loved ones. The projection suggests that companies operating in this segment may see opportunities for business expansion and increased market penetration, emphasizing the potential for a flourishing market environment for residential security systems in the coming years.
Approximately 63% of residential burglary victims did not have a monitored security system.
The statistic that approximately 63% of residential burglary victims did not have a monitored security system indicates the potential impact of home security measures on the likelihood of becoming a burglary victim. This reveals a correlation suggesting that homes without monitored security systems may be more vulnerable to burglaries compared to those with such systems in place. It highlights the potential importance of investing in security measures such as monitored alarms to reduce the risk of burglary and increase the safety and security of residential properties.
The fastest growing type of security system is IP-based security systems, with a projected CAGR of 14.1% from 2019 to 2025.
The statistic indicates that IP-based security systems, which rely on internet protocol for communication and data transmission, are experiencing substantial growth compared to other types of security systems. The Compound Annual Growth Rate (CAGR) of 14.1% from 2019 to 2025 implies that the market for IP-based security systems is expected to expand at a steady pace over the specified period. This growth rate suggests a strong demand for these systems, likely driven by advancements in technology, increasing security concerns, and the benefits of remote monitoring and accessibility offered by IP-based systems. Overall, this statistic highlights the growing popularity and adoption of IP-based security systems in the security industry.
Wireless connectivity segment to expand at a CAGR of 10.3% from 2019 to 2025 in the security solutions market.
This statistic indicates that the wireless connectivity segment within the security solutions market is projected to experience significant growth at a compound annual growth rate (CAGR) of 10.3% from 2019 to 2025. This suggests that there is increasing demand and adoption of wireless connectivity technologies in the security industry over the forecasted period. Factors driving this growth could include the rising importance of remote monitoring and control capabilities, technological advancements in wireless networks, and the need for flexible and scalable security solutions. The projected expansion at a CAGR of 10.3% signals promising opportunities for companies operating in this segment to capitalize on the evolving landscape of security solutions.
The fire detection systems are anticipated to reach a market size of USD 52.19 billion by 2025.
The statistic indicates that the market size for fire detection systems is projected to reach a value of USD 52.19 billion by the year 2025. This suggests significant growth and demand for fire detection systems globally, driven by factors such as increasing awareness of fire safety measures, stringent regulations, and the need to protect lives and property from fire hazards. The anticipated market size implies a lucrative opportunity for companies operating in the fire detection industry, with potential for expansion and innovation in the development of more advanced and efficient fire detection technologies to meet the growing market demand.
77% of buyers of security systems are most interested in home automation features.
The statistic stating that 77% of buyers of security systems are most interested in home automation features suggests a strong preference among consumers for advanced technological capabilities that extend beyond basic security functions. Home automation features such as smart locks, video doorbells, and integrated monitoring systems enhance convenience, control, and overall household management. This finding underscores the growing importance of integrating security systems with broader home automation solutions to meet the evolving needs and expectations of modern homeowners seeking comprehensive and connected living experiences.
Alarm monitoring services accounted for over 33% of security system revenue in 2018.
The statistic indicates that alarm monitoring services, which involve the continuous monitoring of security alarms to detect unauthorized entry or other security breaches, represented a significant portion of the revenue generated within the security system industry in 2018. Specifically, alarm monitoring services contributed to more than one-third (33%) of the total revenue generated by security system companies during that year. This high percentage suggests that there is substantial demand for such services among consumers and businesses seeking to enhance their security measures, highlighting the importance and popularity of alarm monitoring services in the overall security system market in 2018.
Residential customers accounted for 40.5% of the security systems market in 2019.
The statistic ‘Residential customers accounted for 40.5% of the security systems market in 2019’ indicates that nearly half of the market share for security systems in 2019 was attributed to residential customers specifically. This means that a significant portion of the demand for security systems came from individuals looking to protect their homes. This statistic suggests that there is a strong market presence and potential growth opportunities within the residential sector of the security systems industry, emphasizing the importance of catering to the specific needs and preferences of homeowners in this market segment.
Government applications are expected to hold the largest share of the security solutions market by 2025.
The statistic suggests that government applications are projected to dominate the security solutions market by the year 2025 in terms of market share. This indicates that government agencies are anticipated to be the biggest consumers of security solutions, such as cybersecurity software, surveillance systems, and access control technologies. The increasing focus on national security, data protection, and privacy concerns are likely driving the demand for security solutions within government sectors. The forecasted dominance of government applications in the market highlights the significance of security measures in public sector organizations and the potential growth opportunities for companies providing security solutions tailored to meet governmental needs.
Commercial end-use segment dominated the security solutions market in 2018, with a share of over 30%.
The statistic ‘Commercial end-use segment dominated the security solutions market in 2018, with a share of over 30%’ indicates that within the security solutions industry in 2018, the commercial sector had the largest market share, accounting for more than 30% of the total market. This suggests that commercial entities, such as businesses, offices, and retail establishments, were the primary consumers of security solutions during that year, outpacing other end-use segments like residential, industrial, or government. This data highlights the significance of the commercial sector in driving demand for security products and services, underscoring the importance of addressing the security needs of businesses in the market.
The industrial security systems market is predicted to grow at a 7% CAGR between 2021-2026.
This statistic indicates that the industrial security systems market is expected to experience a Compound Annual Growth Rate (CAGR) of 7% over the five-year period from 2021 to 2026. This implies that the market for industrial security systems is projected to expand steadily at a rate of 7% each year during this period. The forecasted growth suggests increasing demand for security solutions within industrial settings, potentially driven by factors such as advancements in technology, rising concerns over security threats, and regulatory requirements. Businesses operating in the industrial security systems sector may anticipate opportunities for expansion and innovation as they cater to the evolving security needs of industrial clients.
Home security camera installations in the US have grown from 20% in 2016 to 31% in 2019.
The statistic indicates that the percentage of home security camera installations in the United States increased from 20% in 2016 to 31% in 2019. This growth of 11 percentage points over the three-year period reflects a significant upward trend in the adoption of home security cameras among US households. The increasing popularity of home security cameras may be attributed to various factors such as the growing awareness of the importance of home security, advancements in technology that have made cameras more accessible and affordable, and rising concerns about property theft and security. The data suggests that more Americans are taking proactive measures to enhance the safety and security of their homes by investing in surveillance technology, potentially leading to a positive impact on crime prevention and peace of mind for homeowners.
References
0. – https://www.www.imarcgroup.com
1. – https://www.www.grandviewresearch.com
2. – https://www.www.mordorintelligence.com
3. – https://www.www.safewise.com
