Security Market Report

Security Market Analysis By System (Access Control, Alarms & Notification, Intrusion Detection, Video Surveillance, Barrier Systems), By Service, By End-use, By Region, And Segment Forecasts, 2018 - 2025

  • Published Date: Nov, 2017
  • Base Year for Estimate: 2016
  • Report ID: GVR-2-68038-044-6
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 132

Industry Insights

The global security market size was valued at USD 70.02 billion in 2016 and is estimated to grow significantly over the next eight years. The increasing terrorism & illegal activities across the globe and stringent government regulations has led to a surge in the adoption of security systems. Additionally, the implementation of smart city infrastructure is creating an opportunity for the market growth.

The security systems offer several advantages such as maintaining records for information, monitoring activities in commercial & residential areas and empower nations against terrorism & external threats at different locations. The adoption of these systems is significantly high in the military & defense end-use industry, owing to the increased threat of terrorism and cross-border intrusions.

U.S. security market

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 internet, to provide access to the information from desired locations through wired or wireless connectivity.

Technological proliferation in the system has enabled surveillance at remote and critical locations with accuracy. This has further increased the adoption rate of advanced security systems with enhanced product features and improved performance. The security market is anticipated to grow in the government & law enforcement end-use segments due to the increased crime rates. Government initiatives and regulations in various nations to reduce the crime rate and reduction in manpower for critical jobs across the globe are expected to fuel market 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 activities such as theft, movement of objects and other criminal activitiesthat take place around the systems. These surveillance systems are cost-effective and help in highlighting criminal activities.

The intrusion detection systems segment is expected to grow 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 in verifying the identity of an individual and permitted to access the information.

Service Insights

The integration & consulting segment has dominated the market in 2016, 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 managed security services segment is expected to grow at the highest CAGR over the forecast period. The 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 which can be easily accessed.

End-use Insights

In 2016, the military & defense segment dominated the market. 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 & defense end-use segment.

The increased threat of terrorism and cross border intrusions have impelled the military & defense sector of various nations to implement the best security systems. 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.


Europe security market

The 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 further driver the market.

Regional Insights

The North American region dominated the market in 2016. This can be attributed to the increased intrusion and terrorist 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, optimized power consumption and others.

The increased focus of government on infrastructural development and security systems in the Asia Pacific region is expected to drive the regional market growth over the forecast period. Several emerging economies, such as China and India, are making huge investments to boost safety related products and develop innovative products with advanced technology such as wireless connectivity, more efficient cameras among others.

Competitive Insights

The prominent players dominating the market include Anixter International, Inc.; Tyco International Plc.; Honeywell International, Inc.; FLIR Systems, Inc.; Axis Communications AB; and Senstar Corporation.

The key players in the industry are focusing on organic and 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.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation

Revenue in USD Billion and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, and MEA

Country scope

U.S., Canada, UK, Germany, Australia, New Zealand, India, Japan, China, Brazil, and Mexico

Report coverage

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

15% free customization scope (equivalent to 5 analyst working days)

If you need specific market information that is not currently within the scope of the report, we will provide it to you as a part of the customization

Segments Covered in the Report

This report forecasts revenue growth at global and regional levels and provides an analysis of the 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 systems, services, end-use and regions:

  • 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

      • U.S.

      • Canada

    • Europe

      • UK

      • Germany

    • Asia Pacific

      • Australia

      • New Zealand

      • China

      • India

      • Japan

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

Key questions answered by the report
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