GVR Report cover Security Market Size, Share & Trends Report

Security Market Size, Share & Trends Analysis Report By System (Video Surveillance, Intrusion Detection), By Service (System Integration & Consulting, Managed Security), By End Use, And Segment Forecasts, 2019 - 2025

  • Report ID: GVR-2-68038-044-6
  • Number of Pages: 210
  • Format: Electronic (PDF)
  • Historical Range: 2014 - 2017
  • Industry: Technology

Report Overview

The global security market size was valued at USD 84.54 billion in 2018 and is estimated to expand at a CAGR of 10.3% over the next six years. Increasing illegal events, terrorism, and fraudulent activities coupled with stringent government norms have led to a rise in the adoption of security systems. Additionally, the rising number of smart cities has created the need for security systems.

U.S. Security Market size

These systems offer several advantages such as maintaining records for information, monitoring activities in commercial and residential areas, and empowering nations against terrorism and external threats at different locations. These systems have significant adoption rate in military and defense, owing to the increased threat of terrorism and cross-border intrusions.

Factors, such as increasing tension across borders, and growing terrorism, are expected to accelerate the market growth over the forecast period. Manufacturers of security systems use various types of cameras, such as pan, tilt, and zoom cameras, which are connected to the internet, to provide access to the information from desired locations through wired or wireless connectivity.

Rapid technological advancements such as the use of internet connectivity, has enabled real-time surveillance at remote and critical locations with enhanced accuracy. Furthermore, it has increased the adoption rate of advanced security systems with better product features and improved performance.

The security market is anticipated to grow in the government and law enforcement end-use segments due to the increased crime rates. Governments across various nations are undertaking initiatives to reduce the crime rate. For instance, the reduction of manpower involved in performing critical jobs at perilous locations, and replacing them with surveillance systems, is expected to fuel the growth.

System Insights

The video surveillance systems segment is anticipated to emerge as the fastest-growing segment, owing to the wide range of applications and efficiency of these systems. They monitor theft, movement of objects, and other criminal activities that take place around them. These surveillance systems are cost-effective and help highlight criminal activities. Also, these systems help in various activities such as identity or control management and intrusion detection among others.

The intrusion detection systems segment is expected to expand at a CAGR of 10.5% over the forecast period. Increasing cross border terrorism and illegal activities, such as smuggling, have resulted in the accelerated use of intrusion detection systems across the globe. These systems help verify the identity of an individual and permitted to access the information. The intrusion detection systems server is used to manage and connect various peripheral components such as alarms, sensors, motion detectors, locks, and doors among others.

End Use Insights

In 2018, the military and defense segment led the market. The increased threat of terrorism and cross border intrusions have impelled the military and defense sector of various nations to implement the best security systems.

Cameras with built-in programmable corrections, built-in image processing, auto-exposure, and programmable exposure with precision are few widely adopted security applications in military and defense end-use segment. In addition, law enforcement sites such as lock-ups, prisons, and correctional facilities, among others, require a high level of security to prevent criminals from escaping or carrying out malicious activities.

Transportation segment is expected to witness remarkable growth, owing to the increased adoption of security systems in locations such as airports, railway stations, and ports for preventing intrusions and illegal activities. Moreover, the systems also enable monitoring of valuable goods in transit via network cameras installed on mobile devices, which is anticipated to further drive the market growth.

Service Insights

The system integration and consulting segment led the market in 2018, owing to the increasing adoption of advanced systems that are able to gather data on a single platform. Users prefer integration of different solutions/products, owing to easy controls and improved efficiency of the integrated systems. The security system integration and consulting services are used to protect and defend constantly evolving security threats.

Europe Security Market share

The managed security services segment is expected to expand at the highest CAGR over the forecast period. Increasing demand for mobile workforce and mobile devices has enhanced the use of managed security services, globally. In addition, numerous organizations provide security solutions and products offering system integration options to their customers in a single platform that can be easily accessed. Various factors such as rising adoption of Internet of Things (IoT)-based security systems, deployment of wireless technology in security systems, and technological advancements are expected to further drive the growth.

Regional Insights

North America led the market in 2018, attributed to the increased crime rate and intrusion activities in the region. The market is driven by the increasing importance of monitoring systems in various applications due to its benefits of remote access, and optimized power consumption, among others. Increasing number of security breaches, real-time responses to risks and threats, and the emergence of big data is expected to propel the regional market growth.

Asia Pacific is anticipated to witness growth, owing to increased focus of government on infrastructural development and security systems. Several emerging economies, such as China and India, are making huge investments to boost safety-related products and to develop innovative systems with advanced technology such as wireless connectivity and high-efficiency cameras, among others. Various threats such as insider attacks, frauds, and Advanced Persistent Threats (APT) are expected to create growth opportunities for the regional market.

Security Market Share Insights

Prominent players dominating the market include Ameristar Perimeter Security; FutureNet Security Solutions, LLC; Anixter International, Inc.; TPPG The Perimeter Protection Group AB; Tyco International Plc.; Honeywell International, Inc.; ZABAG Security Engineering GmbH; FLIR Systems, Inc.; Southwest Microwave, Inc.; Axis Communications AB; RBtec Perimeter Security Systems; and Senstar Corporation.

The key players focus on inorganic growth strategies to maintain their position. For instance, in 2016, Senstar acquired Aimetis, a Canada-based company that specialized in advanced video analytics software. Additionally, the company formed a dedicated team of financial and human resources to continue its organic development.

Security Market Report Scope 

Report Attribute


Market size value in 2020

USD 102.33 billion

Revenue forecast in 2025

USD 167.12 billion

Growth Rate

CAGR of 10.3% from 2019 to 2025

Base year for estimation


Historical data

2014 - 2017

Forecast period

2019 - 2025

Quantitative units

Revenue in USD billion and CAGR from 2019 to 2025

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

Segments covered

System, service, end-use, region

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; Australia; New Zealand; India; Japan; China; Brazil; Mexico

Key companies profiled

Ameristar Perimeter Security; FutureNet Security Solutions, LLC; Anixter International, Inc.; TPPG The Perimeter Protection Group AB; Tyco International Plc.; Honeywell International, Inc.; ZABAG Security Engineering GmbH; FLIR Systems, Inc.; Southwest Microwave, Inc.; Axis Communications AB; RBtec Perimeter Security Systems; Senstar Corporation.

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Segments Covered in the Report

This report forecasts revenue growth at global, country, and regional levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global security market report based on system, service, end use, and region:

  • System Outlook (Revenue, USD Billion, 2014 - 2025)

    • Access Control Systems

    • Alarms & Notification Systems

    • Intrusion Detection Systems

    • Video Surveillance Systems

    • Barrier Systems

    • Others

  • Service Outlook (Revenue, USD Billion, 2014 - 2025)

    • System Integration and Consulting

    • Risk Assessment and Analysis

    • Managed Services

    • Maintenance and Support

  • End-Use Outlook (Revenue, USD Billion, 2014 - 2025)

    • Government

    • Military and Defense

    • Transportation

    • Commercial

    • Industrial

    • Others

  • Regional Outlook (Revenue, USD Billion; 2014 - 2025)

    • North America

      • The U.S.

      • Canada

    • Europe

      • The U.K.

      • Germany

    • Asia Pacific

      • Australia

      • New Zealand

      • China

      • India

      • Japan

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

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