Electronic Security Industry Outlook 2025-2029: Market Set to Cross $78.67 Billion Milestone

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How Large Will the Electronic Security Market Size By 2025?
There has been a substantial expansion in the electronic security market recently. Projections reveal an increase from $52.44 billion in 2024 to $57.23 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.1%. Factors contributing to this growth during the historical period include escalated security requirements, continuous digitalization, the increasing prevalence of cyber threats, heightened consciousness about safety and security, and surging demand for internet surveillance systems.

How Big Is the Electronic Security Market Size Expected to Grow by 2029?
In the coming years, the market size of electronic security is predicted to experience robust growth. The market is set to escalate to $78.67 billion by 2029 with a compound annual growth rate (CAGR) of 8.3%. This growth during the forecast period can be ascribed to the rising number of property thefts, escalating incidence of robberies and residential burglaries, the upsurge in organized crime, amplified installation of video surveillance systems, and enlarged use of cloud-based access control solutions. Key trends anticipated during this period include technological advancements, novel developments in security, surveillance, and network services, heightened incidences of investments in startups, continuous improvements to tackle escalating security worries, and incorporation with connectivity technologies such as bluetooth.

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Which Key Market Drivers Powering Electronic Security Market Expansion and Growth?
The surge in property thefts is projected to spur the progression of the electronic security market. Property theft is the illegal acquisition of another's personal assets with an intention to deprive them of its usage. The growth in organized crime organizations, escalating poverty, substance misuse, and social inequality contribute to this escalation in property theft. Electronic security systems rapidly inform property owners, officials, or monitoring stations upon detecting a breach, allowing for immediate action such as getting in touch with the police or deploying additional security personnel to the location. In October 2023, for instance, a report by the Federal Bureau of Investigation, a law enforcement agency based in the US, showed an increase of 7.1% in property crimes in 2022 compared to 2021, bringing the rate to an estimated 1,954.4 incidents per 100,000 individuals, marking a 6.7% increase from the former year. Larceny theft made up the largest portion (71.7%) of all property crimes in 2022, with burglary accounting for 13.8%. Hence, the surge in property thefts is promoting the expansion of the electronic security market.

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What Trends Will Shape the Electronic Security Market Through 2029 and Beyond?
Prominent firms in the electronic security market are focusing on technological advancements such as edge AI surveillance cameras to provide consumers with more advanced capabilities. These cameras are AI-integrated ones that execute AI processing right on the device itself, at the fringe of the network. As an illustration, in February 2023, a South Korea-based manufacturer of electronic security systems, Idis, unveiled a new range of user-friendly edge AI cameras. The novel range of AI cameras integrates the company's self-engineered Idis Deep Learning Engine, depicting its dedication towards offering scalable solutions for security, safety, and operational demands. These cameras, including the new 5MP dome (DC-D4537RXA and DC-D4537HRXA) and bullet (DC-T4537HRXA) models, are powered by the robust Idis Deep Learning Engine, thereby enabling superior processing capabilities at the fringe. They aid users in reducing false alarms, improving security protocols, and increasing the worth of their security operations with up to a 98% accuracy rate for object detection and categorization, thus broadening the company's range of high-definition Direct IP cameras that comply with the National Defense Authorization Act (NDAA).

What Are the Emerging Segments in the Electronic Security Market?
The electronic security market covered in this report is segmented -

1) By Product Type: Alarms, Video Surveillance Systems, Access Control Systems, Other Product Types
2) By Connectivity: Ethernet, Wireless, Cellular
3) By End-User: Defense, Manufacturing, IT, Automotive, Telecommunications, Residential, Public Sector, Other End-Users

Subsegments:
1) By Alarms: Intruder Alarms, Fire Alarms, Gas Leak Detectors, Panic Alarms, Medical Emergency Alarms
2) By Video Surveillance Systems: CCTV Cameras, IP Cameras, Analog Cameras, Video Recorders, Video Management Systems (VMS)
3) By Access Control Systems: Card-Based Systems, Biometric Systems (Fingerprint, Iris, Facial Recognition), RFID Systems, Keypad Or Pin-based Systems, Wireless Access Control Systems
4) By Other Product Types: Perimeter Security Systems, Barrier Gates, Smart Locks, Intercom Systems, Security Drones, Security Lighting

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Who Are the Global Leaders in the Electronic Security Market?
Major companies operating in the electronic security market are Siemens AG, Panasonic System Networks Co. Ltd., IBM Corporation, Honeywell International Inc., Johnson Controls International Plc, Tyco International Plc, Hangzhou Hikvision Digital Technology Co. Ltd., ADT LLC, Dahua Technology Co. Ltd., Allegion Plc, dormakaba Holding AG, Assa Abloy AB, Axis Communications AB, Bosch Security Systems Inc., Chamberlain Group Inc., HID Global, Brinks Home Security, Avigilon Corporation, Genetec Inc., Milestone Systems A/S, G4S PLC, Fermax Electronica S.A.U., CP PLUS GmbH & Co. KG, Autoclear LLC, DoorKing Inc., BIO-key International Inc., ISONAS Security Systems Inc., FLIR Systems Inc., Mobotix AG

Which are the Top Profitable Regional Markets for the Electronic Security Industry?
North America was the largest region in the electronic security market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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