SECURITY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025-2032)

Security Market Size and Forecast – 2025-2032

The Global Security Market is expected to be valued at USD 145.38 Billion in 2025 and reach USD 247.55 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.9% from 2025 to 2032.

Key Takeaways of the Global Security Market:

• The video surveillance systems segment is expected to lead the market holding a share of 44.2% in 2025.
• The system integration & consulting segment is projected to dominate with a share of 51.7% in 2025.
• North America is expected to lead the market with a share of 32.9% in 2025. Asia Pacific, holding a share of 26.4% in 2025, is projected to be the fastest growing region.

Market Overview:

The increasing incidence of security threats, including terrorism, cyber-attacks, and unauthorized access, along with growing government investments in defense and infrastructure protection, are key factors propelling the demand for advanced security solutions globally. The rising adoption of smart surveillance systems, biometric access control, and integrated security platforms across public and private sectors is significantly boosting market growth. Moreover, technological advancements such as AI-powered surveillance, cloud-based analytics, and IoT-enabled security devices are transforming traditional security architectures. Emerging economies, particularly in the Asia Pacific region, are witnessing robust investments in security infrastructure, driven by rapid urbanization, digital transformation, and the development of smart cities, further fueling the market expansion.

Segmental Insights

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System Insights - Video Surveillance Systems Lead Owing To Increasing Security Threats

The video surveillance systems segment is expected to dominate the global security market, holding a share of 44.2% in 2025, due to mounting security concerns across both public and private sectors. The ability of video surveillance to provide around-the-clock monitoring has made it the preferred solution for organizations seeking to bolster security protections. Advancements in video analytics technology have further enhanced the value proposition of video surveillance by automating tasks like facial recognition, abnormal behavior detection and license plate reading. As threats of terrorism, crime and cyberattacks continue rising globally, more companies and governments are investing in intelligent video solutions to minimize risks and ensure public safety.

Advancements in networking technology have also contributed to video surveillance growth. The widespread adoption of IP cameras and network video recorders has allowed for easier installation and management of surveillance systems. Systems can now be seamlessly integrated with other IT solutions for a unified security approach. Growing requirements for remote access to video feeds on mobile devices have further expanded market opportunities. Leading manufacturers are focusing on developing video analytics and deep learning capabilities to enable automated alerts, crowd monitoring and predictive security. Governments in high-risk regions have implemented large-scale video surveillance programs for critical infrastructure protection.

Declining costs of IP cameras and digital storage have made video surveillance affordable for small and medium enterprises. Integrated solutions offering features like access control, Automatic Number Plate Recognition (ANPR) and AI-based people counting are expanding the potential markets. Additionally, video analytics and cloud-based services are enabling innovative smart city and smart retail applications. With security needs continuously evolving across industries, the video surveillance systems segment is anticipated to continue expanding at a consistent pace in the coming years.

Service Insights - System Integration & Consulting Owing to Growing Complexity of Security Solutions

The system integration & consulting segment is expected to account for the major share of 51.7% in the security market in 2025. As security systems evolve to incorporate various components like video surveillance, access control, intrusion detection and others, seamless integration of these disparate systems has become critical. Organizations rely on system integrators and security consultants to design, deploy, and commission fully customized security solutions as per their exact requirements. The system integration & consulting segment benefits from the rising complexity of security infrastructure projects across industries.

Additional factors fueling the demand include growing emphasis on managing compliance and regulatory mandates around data security, cybersecurity risks, and others. Enterprises require security consultants to audit existing protections, identify vulnerabilities, and provide strategic roadmaps for enhancing security postures over time. Managed security service providers also outsource integration work to specialists who have expertise in combining cutting-edge technologies from multiple vendors. Furthermore, physical security is converging rapidly with logical security and many organizations rely on integrators to build consolidated platforms. Sophisticated projects in smart cities, airports, and large public venues drive significant integration needs.

As IP-based devices and Internet of Things (IoT) sensors become ubiquitous, seamless integration is fundamental to derive optimal benefits. Leveraging integrators allows organizations to focus on their core operations while external experts handle the technical implementation and management of advanced systems. 

Regional Insights

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North America Security Market Trends

North America, holding a share of 32.9% in 2025, is expected to dominate the security market, driven by the early adoption of advanced security solutions across various verticals such as government, commercial spaces, and residential spaces. With the presence of many technology giants, such as ADT and March Networks, and advanced infrastructure, North America leads the development of cutting-edge security technologies centered around IoT, AI, and analytics. This provides an ideal ecosystem for security vendors to develop and implement the latest innovations.

Asia Pacific Security Market Trends

The Asia Pacific region, holding a share of 26.4% in 2025, is expected to exhibit the fastest growth in the security market. Factors, such as increasing foreign direct investments, rapid urbanization, growing affluence, and rising awareness about security, are fueling the demand. Large population coupled with infrastructure development projects offer massive market opportunities.

Security Market Outlook for Key Countries

U.S. Security Market Trends

The U.S. security market is dominated by innovation and it continues consolidating through mergers and acquisitions. Companies are investing extensively in R&D to develop next-generation solutions around computer vision, predictive analytics, and other advanced technologies. Domestic giants, such as ADT and Stanley Security, are implementing IoT-based platforms to deliver superior monitoring and management capabilities.

China Security Market Trends

China continues to lead investments in video surveillance due to sustained monitoring needs of public places. China-based manufacturers, such as Hikvision and Dahua Technology, dominate the video surveillance industry with affordable and feature-rich cameras. These companies are expanding into other domains including access control, perimeter protection, and video analytics. Favorable policies around smart cities and 'Safe China' further accelerate large-scale deployments.

India Security Market Trends

India security market is witnessing increased outsourcing and integration of solutions around perimeter protection, infrastructure monitoring, and city surveillance. Large system integrators including Electronics Corporation of India and ESDS Software Solution are implementing centralized video management for smart city projects. Domestic vendors are introducing cost-effective products to address security requirements of SMEs and residences across diverse regions.

Japan Security Market Trends

Japan security market is characterized by strong focus on cyber security and technological innovation. Major industry players include Panasonic which deliver advanced video analytics, access control, and networked security platforms. Growth is attributed to cyber threats, infrastructure upgrades, and large-scale projects in Tokyo ahead of Olympics 2020. Smaller startups are bringing innovations around IoT, robotics, and AI to enhance security operations.

Market Players, Key Devlopment, and Competitive Intelligence

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Key Developments:

• In March 2025, Google, a tech giant, signed its largest-ever acquisition deal to buy the U.S.-based cybersecurity firm, Wiz, for US$ 32 billion in efforts to make it a part of its Google Cloud business
• In March 2025, Mphasis, an IT solutions provider specializing in cloud and cognitive services, partnered with SecPod, a Software as a Service (SaaS)-based cybersecurity company, to offer enhanced vulnerability management services through the SanerNow CVEM platform

Top Strategies Followed by Global Security Market Players

• Established Players: Leading security companies focus on integrated AI-powered platforms, defense-grade system innovations, and strategic acquisitions to reinforce global dominance. Major players like Lockheed Martin, Honeywell, and Johnson Controls invest in cross-domain solutions and next-generation surveillance technologies.
  • For example, Honeywell launched its Pro-Watch Integrated Security Suite, combining access control, video surveillance, and intrusion detection into a unified AI-driven platform. Lockheed Martin expanded its capabilities in cybersecurity and threat detection by acquiring i3 Hypersonics, enhancing its defense technology portfolio.

• Mid-level Players: Mid-sized firms emphasize regional expansion, IoT-based innovation, and industry-specific partnerships to boost their footprint and competitiveness. Companies like Verkada, ASSA ABLOY, and Rheinmetall AG are aligning with smart infrastructure and industrial growth trends.
  • For instance, Verkada has expanded its operations across Europe and Asia Pacific by offering easy-to-deploy cloud-based security cameras and sensors. ASSA ABLOY partnered with Brivo to strengthen its smart access control systems, targeting commercial and institutional buildings with hybrid solutions.

• Small-scale Players: Smaller firms carve out space by focusing on niche applications, agile product development, and affordable modular solutions tailored for specific industries like retail, healthcare, or education.
  • AnyVision provides facial recognition tech optimized for schools and public venues, offering lightweight, privacy-compliant deployments. Meanwhile, Rhombus Systems delivers scalable surveillance and environmental monitoring tools to small- and mid-sized businesses, with easy plug-and-play functionality and cloud integration.

Emerging Startups – Security Industry Ecosystem

• AI-Driven Surveillance & Analytics: Startups are integrating artificial intelligence with video surveillance and threat detection systems to offer real-time analytics and predictive security.
  • AnyVision employs AI-powered facial recognition to provide access control and surveillance across industries like retail and transportation. Similarly, Actuate uses computer vision to turn any camera into a smart threat-detection system capable of identifying intrusions or weapons without human oversight.
• Cloud-Native & Scalable Platforms: Many startups are shifting toward cloud-native security platforms that offer easy scalability and remote monitoring for Small and Medium-sized Businesses (SMBs) and enterprises.
  • Rhombus Systems delivers cloud-managed security cameras and IoT sensors, enabling centralized monitoring and automated alerts. Verkada, another notable startup, offers hybrid cloud security systems that simplify physical security for multi-site enterprises through an intuitive web-based platform.
• Cyber-Physical Integration: Startups are bridging the gap between digital and physical security by offering integrated solutions that protect both IT networks and physical assets.
  • Cybereason provides extended detection and response (XDR) platforms that secure enterprise systems from endpoint to physical infrastructure. Dedrone, on the other hand, focuses on airspace security, using AI and RF-based technology to detect, classify, and mitigate drone threats to critical infrastructure.
• Edge Computing & IoT Security: Startups are leveraging edge computing to provide faster, localized security processing, especially for IoT-heavy environments.
  • VDOO offers automated vulnerability detection and mitigation tools for IoT devices at the edge. Kogniz applies edge AI to video feeds for real-time people and object tracking, helping industrial facilities and campuses enhance situational awareness.
• Decentralized Security Models: Some startups are exploring Blockchain and decentralized architecture to ensure tamper-proof data and secure identity management.
  • Xage Security uses Blockchain technology to secure operational technology (OT) environments in industries like energy and manufacturing. HYPR delivers decentralized authentication solutions to eliminate the need for passwords and reduce identity-based attacks.

Market Report Scope

Market Dynamics

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Global Security Market Driver - Rising geopolitical tensions leading to increased defense expenditures

Geopolitical tensions around the world have been rising in recent years. This includes ongoing conflicts and threats of conflicts between different nations. There is also heightened security concerns related to issues like terrorism and cyber threats. All of these factors have led many countries to increase their defense budgets and modernize their military capabilities. As tensions rise between nations, more money is being allocated by governments globally towards defense spending. This increased spending on defense naturally leads to higher demand for security equipment, technologies and services that are required to boost national security capabilities. Products and solutions in areas like military communications, homeland security, perimeter security, cyber security, and C4ISR systems are seeing higher budgets and orders from military and government agencies worldwide. The constant geopolitical fluctuations have made security a top priority for many nations, driving up expenditures on defense modernization programs which benefits the overall global security market.

Global Security Market Challenge - High costs associated with implementing advanced security systems

One of the major challenges faced by the global security market is the high costs associated with implementing advanced security systems. While advanced systems equipped with cutting-edge technologies like AI, biometrics, video analytics, etc. provide increased security, their implementation requires a substantial capital investment. Setting up a security infrastructure with cameras, access controls, perimeter protection devices, etc. at large campuses, commercial buildings, or industrial facilities requires millions of dollars of investment. Furthermore, maintaining and upgrading such advanced systems also leads to high operating costs due to need for specialized manpower and software license upgrades. The costs are prohibitive for small and medium businesses to install full-fledged security networks. Even large corporations hesitate to make frequent investments in security upgrades due to budget constraints. This economic factor acts as a roadblock for many organizations to leverage benefits of latest security technologies.

Global Security Market Opportunity - Growing demand for cybersecurity solutions in the wake of increasing cyber threats

One of the major opportunities for the global security market is the rapidly growing demand for cybersecurity solutions in the wake of increasing cyber threats. With rising digitalization of businesses and growing internet usage, the risks of cyber-attacks targeting critical data and infrastructure have amplified manifold. Various studies indicate that number of cyber-attacks reported globally are rising at an alarming rate each year. This has forced organizations across all industries and geographies to scale up their investments in cybersecurity. They are deploying network security tools, firewalls, antivirus, secure access platforms and endpoint security to safeguard their IT systems and sensitive data from cyber criminals. This growing awareness about risks and increasing IT security budgets is fueling demand for wide range of cybersecurity products and services offered by security vendors worldwide. The cybersecurity segment is expected to be one of the fastest growing verticals in the security industry in the coming years.

Analyst Opinion (Expert Opinion)

• The security market is poised for significant growth over the coming years, driven by escalating geopolitical tensions and the imperative for nations to bolster their defense mechanisms.​
• However, the substantial costs associated with deploying advanced security systems and concerns over data privacy may pose challenges to market expansion.​
• North America is expected to maintain its leading position in the market, supported by substantial defense budgets and technological advancements. Meanwhile, the Asia Pacific region is anticipated to experience the fastest growth, fueled by increased defense spending and infrastructural developments in emerging economies.

Market Segmentation

•  System Insights (Revenue, USD Bn, 2020 - 2032)
• • Video Surveillance Systems
  • Access Control Systems
  • Intrusion Detection Systems
  • Fire Protection Systems
  • Others
•  Service Insights (Revenue, USD Bn, 2020 - 2032)
• • System Integration & Consulting
  • Risk Assessment & Analysis
  • Managed Security Services
  • Maintenance & Support
• Regional Insights (Revenue, USD Bn, 2020 - 2032)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U,K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • Lockheed Martin
  • BAE Systems
  • Thales Group​
  • General Dynamics
  • Northrop Grumman
  • Raytheon Technologies
  • Honeywell International​
  • Johnson Controls
  • Assa Abloy​
  • Rheinmetall AG
  • Leonardo S.p.A.
  • Boeing Defense, Space & Security
  • SAIC (Science Applications International Corporation)
  • Harris Corporation
  • Siemens AG