Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global security market size reached US$ 124.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 217.2 Billion by 2028, exhibiting a growth rate (CAGR) of 9.2% during 2023-2028.


Security refers to a set of cybersecurity strategies that prevent unauthorized access to organizational assets, such as computers, networks, and data. It includes different areas of information technology (IT) security, such as network, internet, endpoint, cloud, user, and application. It helps maintain the integrity and confidentiality of sensitive information by blocking access for hackers. As a result, it plays a pivotal role in the modern business strategy, wherein a loophole can cause undesirable outcomes like theft and losing customer trust and loyalty.


Security refers to a set of cybersecurity strategies that prevent unauthorized access to organizational assets, such as computers, networks, and data. It includes different areas of information technology (IT) security, such as network, internet, endpoint, cloud, user, and application. It helps maintain the integrity and confidentiality of sensitive information by blocking access for hackers. As a result, it plays a pivotal role in the modern business strategy, wherein a loophole can cause undesirable outcomes like theft and losing customer trust and loyalty.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global security market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on system, service and end user.

Breakup by System:
Access Control Systems
Alarms and Notification Systems
Intrusion Detection Systems
Video Surveillance Systems
Barrier Systems
Others

Breakup by Service:

System Integration and Consulting
Risk Assessment and Analysis
Managed Services
Maintenance and Support

Breakup by End User:

Government
Military and Defense
Transportation
Commercial
Industrial
Others

Breakup by Region:


Access Control Systems
Alarms and Notification Systems
Intrusion Detection Systems
Video Surveillance Systems
Barrier Systems
Others

Breakup by Service:

System Integration and Consulting
Risk Assessment and Analysis
Managed Services
Maintenance and Support

Breakup by End User:

Government
Military and Defense
Transportation
Commercial
Industrial
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Ameristar Perimeter Security (Assa Abloy AB), ATG Access Ltd., Avon Barrier Corporation Ltd. (Perimeter Protection Group), Barrier1 Systems LLC, CIAS Elettronica Srl, Delta Scientific Corporation, EL-Go Team, Frontier Pitts Ltd., Honeywell International Inc., Johnson Controls International PLC, Senstar Corporation (Senstar Technologies Ltd.) and Teledyne FLIR LLC (Teledyne Technologies Incorporated)

Key Questions Answered in This Report

1. What was the size of the global security market in 2022?
2. What is the expected growth rate of the global security market during 2023-2028?
3. What has been the impact of COVID-19 on the global security market?
4. What are the key factors driving the global security market?
5. What is the breakup of the global security market based on the system?
6. What is the breakup of the global security market based on the service?
7. What is the breakup of the global security market based on the end user?
8. What are the key regions in the global security market?
9. Who are the key players/companies in the global security market?