Press release
Security Global Market Overview, Driving Factors, Future Trends, Key Players and Growth Opportunities And Forecast By 2033
Security Global Market
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=19688&type=smp
According to The Business Research Company's, The security market size has grown strongly in recent years. It will grow from $125.29 billion in 2023 to $135.82 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to enhancing awareness, increasing urbanization, increasing cyber threats, expanding global business operations and international travel, and expanding businesses and infrastructure.
The security market size is expected to see strong growth in the next few years. It will grow to $188.58 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to smart infrastructure growth, increasing use of cloud services, demand for integrated security solutions, expansion of the critical infrastructure sector, and growth in remote work. Major trends in the forecast period include AI and machine learning, extended detection and response, IoT security, security automation, and the development of new security protocols.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/security-fencing-global-market-report
Market Drivers and Trends:
The growing terrorism is expected to propel the growth of the security market going forward. Terrorism is the use of violence or intimidation, especially against civilians, to achieve political, ideological, or religious goals. Terrorism is increasing due to factors such as political instability, extremist ideologies, and socioeconomic grievances that fuel violence and unrest. Security measures help combat terrorism by preventing attacks through surveillance, intelligence gathering, and protective infrastructure. For instance, in March 2023, according to the Global Terrorism Index 2023, published by the Institute for Economics and Peace, an Australia-based research and education think tank, terrorist attacks became more lethal, averaging 1.7 fatalities per incident, up from 1.3 deaths per attack in 2021. Therefore, the growing terrorism is driving the growth of the security market.
Major companies operating in the security market are developing innovative products, such as AI-powered motion sensors, to enhance threat detection and response capabilities. AI-powered motion sensors use artificial intelligence to enhance motion detection accuracy, predict movements, and adapt to various environmental conditions for more precise and intelligent monitoring. For instance, in June 2023, SimpliSafe, a US-based home security company, launched a revolutionary feature called 24/7 Live Guard Protection to help prevent crime in real-time. Enabled by a smart alarm wireless indoor security camera, this feature allows monitoring agents to visually and verbally engage with intruders using two-way audio. When an alarm is triggered, agents can request the safeword or instruct the intruder to leave. If the safeword is incorrect or the intruder refuses to comply, the agent will promptly notify the police.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Honeywell International Inc., Johnson Controls, Thales Group S.A., ASSA ABLOY AB, Anixter Inc., Teledyne FLIR LLC, Juniper Networks Inc., Zhejiang Dahua Technology Co. Ltd., NortonLifeLock Inc., Ameristar Perimeter Security USA Inc., McAfee LLC, Axis Communications AB, Kaspersky Lab, Senstar Technologies Corporation, ATG Access Ltd., Delta Scientific Corporation, Frontier Pitts Ltd., Perimeter Protection Group, CIAS Elettronica Srl, Barrier1 Systems LLC, ZABAG Security Engineering GmbH, Avon Barrier Corporation Ltd., Apex Perimeter Protection LLC, EL-Go Team
Security Market 2024 Key Insights:
• The security market size is expected to see strong growth in the next few years. It will grow to $188.58 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%.
• The Impact Of Growing Terrorism On The Expansion Of The Security Market
• Innovations In Security Enhanced Real-Time Monitoring Solutions
• North America was the largest region in the security market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/customise?id=19688&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Security Global Market Overview, Driving Factors, Future Trends, Key Players and Growth Opportunities And Forecast By 2033 here
News-ID: 3765428 • Views: …
More Releases from The Business research company
Key Trends Influencing the Growth of the Orthokeratology Lens Market in 2025: In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Orthokeratology Lens Market Through 2025?
The market for orthokeratology lenses has seen a significant increase in size over recent years. It's projected to expand from $2.56 billion in 2024 to $2.75 billion in 2025, with a compound annual growth rate (CAGR) of…
Ventricular Assist Device Industry Outlook 2025-2029: Market Set to Cross $3.87 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Ventricular Assist Device Market Size By 2025?
The market size of the ventricular assist device has seen rapid expansion in recent years. A growth from $2.12 billion in 2024 to $2.37 billion in 2025 is projected, reflecting a compound annual growth rate (CAGR) of 11.8%.…
Key Trends Reshaping the Sunglasses Market: Leading Sunglass Brands Embrace AI W …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Sunglasses Market Size Growth Forecast: What to Expect by 2025?
In recent times, the market size of sunglasses has been on a progressive rise. It is projected to increase from $18.11 billion in 2024 to an estimated $18.93 billion in 2025, experiencing a compound annual growth rate (CAGR) of…
Advanced Diagnostics And Treatments Drive Demand For PTA Balloon Catheters: A Ke …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
PTA Balloon Catheter Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the recent past, the market size for pta balloon catheter has seen substantial growth. The projections reveal that the growth scale will go up from $2.33 billion in 2024 to $2.56 billion in…
More Releases for Security
Aerospace Cyber Security Market : Network security, Wireless security, Cloud sec …
According to a new report published by Allied Market Research, titled, "Aerospace Cyber Security Market," The aerospace cyber security market was valued at $39.7 billion in 2021, and is estimated to reach $92.0 billion by 2031, growing at a CAGR of 9.0% from 2022 to 2031.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 : https://www.alliedmarketresearch.com/request-sample/9433
Aerospace cybersecurity is a security driven technology which is dedicated towards the safety & security of aircrafts, spacecrafts and drones…
Healthcare Cyber Security Market by Type (Service and Solution), Security (Appli …
Healthcare Cyber Security Market: 2023
The global Healthcare Cyber Security Market size was valued at USD 4,591 Million in 2016, and is projected to reach at USD 12,467 Million by 2023, with a CAGR of 15.6% from 2017 to 2023.
Covid-19 latest section covered in this report.
Get Free Sample: https://reports.valuates.com/request/sample/ALLI-Auto-1J168/Healthcare_Cyber_Security
Cyber security solutions and services enable healthcare organizations to protect their business-critical infrastructure and patient data, and meet regulatory compliance.
Increase…
Aerospace Cyber Security Market Analysis and Forecasts by Security Type (Network …
The aviation industry is one of the sophisticated industries across the globe and the industry is integrated with advanced technological solutions. This has created a major concern towards securing the enormous quantity of data being generated every day. With the advancements in the different technological fields, the cyber attackers are also finding newer process to gain desired insights. In the current market scenario, aerospace industry is also witnessing substantial upswing…
Security Assessment Market Report 2018: Segmentation by Security Type (Endpoint …
Global Security Assessment market research report provides company profile for Kaspersky (Russia), IBM (US), FireEye (US), Optiv Security (US), Qualys (US), Trustwave (US), Veracode (US), Check Point (Israel), Absolute Software (Canada), Rapid7 (US), CynergisTek (US) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth…
The Mobile Security (mSecurity) Bible: 2014 - 2020 - Device Security, Infrastruc …
Mobile networks around the globe generate more than 86 Exabytes of traffic annually. The immense volume of traffic together with the growing adoption of open source Operating System (OS) platforms such as Android has opened up new security threats. Mobile malware, SMS spam, cyber attacks and unlawful eavesdropping are an ever-increasing problem for enterprises, consumers and mobile network operators around the globe.
This has in turn led to significant investments in…
Mobile Security (MSecurity) Market Analysis To 2020 - Device Security, Infrastru …
Mobile networks around the globe generate more than 86 Exabytes of traffic annually. The immense volume of traffic together with the growing adoption of open source Operating System (OS) platforms such as Android has opened up new security threats. Mobile malware, SMS spam, cyber attacks and unlawful eavesdropping are an ever-increasing problem for enterprises, consumers and mobile network operators around the globe.
This has in turn led to significant investments in…
