Top Factor Driving Security Market Growth in 2025: The Impact Of Growing Terrorism On The Expansion Of The Security Market

How Big Is the Security Market Expected to Be, and What Will Its Growth Rate Be?
In recent times, we've seen a significant expansion in the security market size. Over the next year, it is projected to increase from $135.82 billion in 2024 to $147.62 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.7%. This historic growth surge stems from advancements in awareness, escalating urbanization, a rise in cyber threats, the growth of international business operations and travel, along with the extension of businesses and infrastructure.

It is anticipated that the security market will exhibit robust expansion in the upcoming years. The market is projected to reach $204.35 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.5%. Factors contributing to the growth during the forecast period include the surge in smart infrastructure, increased utilization of cloud services, a growing need for integrated security solutions, the widening of the critical infrastructure sector, and the rise of remote work. Key trends expected during the forecast period are the integration of AI and machine learning, enhancement of detection and response capabilities, IoT security, the automation of security, and the establishment of new security protocols.

What Are the Primary Growth Drivers for the Security Market?
The escalation in terrorist activities is projected to drive the expansion of the security market in the near future. Engaging in violent or intimidating actions, particularly against civilian population, with the aim of achieving political, ideological, or religious objectives, defines terrorism. Its growth is rooted in variables such as political turmoil, extremist ideologies, and socioeconomic issues that instigate violence and unrest. Security efforts contribute towards countering terrorism by thwarting attacks via surveillance, collection of intelligence, and creation of defensive infrastructure. For example, the Global Terrorism Index 2023, released by the Institute for Economics and Peace, an educational and research think tank based in Australia, in March 2023, suggested that terrorist attacks had started to cause more fatalities, averaging to 1.7 deaths per event, an increase from 1.3 fatalities per episode in 2021. As a result, the rising terrorism is fuelling the evolution of the security market.

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Who Are the Dominant Companies Influencing Security Market Trends?
Major companies operating in the security market are 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

How Is the Security Market Evolving?
Primary companies in the security sector are introducing novel products like AI-enhanced motion sensors to boost their ability to detect and respond to threats. By leveraging artificial intelligence, these sensors can improve the precision of motion detection, predict potential movements, and adjust to different climate conditions for smarter and precise tracking. For example, in June 2023, SimpliSafe, a home security company based in the US, unveiled a groundbreaking feature known as 24/7 Live Guard Protection for real-time crime prevention. With the assistance of a smart alarm wireless indoor security camera, this feature lets monitoring agents both visually and verbally interact with intruders via two-way audio. If an alarm goes off, agents can ask for the safeword or tell the intruder to evacuate. In case the safeword is incorrect or the intruder doesn't comply, the agent will swiftly alert the police.

What Are the Different Segmentations in the Security Market?
The securitymarket covered in this report is segmented -

1) By System: Access Control Systems, Alarms And Notification Systems, Intrusion Detection Systems, Video Surveillance Systems, Barrier Systems, Other Systems
2) By Service: System Integration And Consulting, Risk Assessment And Analysis, Managed Services, Maintenance And Support
3) By End User: Government, Military And Defense, Transportation, Commercial, Industrial, Other End Users

Subsegments:
1) Access Control Systems: Card-Based Systems, Biometric Systems, Keypad Systems
2) Alarms And Notification Systems: Intruder Alarms, Fire Alarms, Emergency Notification Systems
3) Intrusion Detection Systems: Motion Sensors, Glass Break Detectors, Perimeter Sensors
4) Video Surveillance Systems: CCTV Cameras, IP Cameras, Video Management Software
5) Barrier Systems: Automatic Gates, Bollards, Turnstiles
6) Other Systems: Cybersecurity Solutions, Monitoring Services, Security Management Software

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Which Region Is at the Forefront of the Security Market?
North America was the largest region in the security market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Security Global Market Report?

- Market Size Analysis: Analyze the Security Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Security Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Security Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Security Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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