Global Security Market Size & Outlook, 2023-2030
Global security market, 2017-2030 (US$M)
Related Markets
Global security market highlights
- The global security market generated a revenue of USD 131,418.7 million in 2023 and is expected to reach USD 225,210.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8% by 2030.
- In terms of segment, system accounted for a revenue of USD 103,819.7 million in 2023.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 131,418.7 million |
| Market revenue in 2030 | USD 225,210.5 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | System |
| Fastest growing segment | Service |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | System, Service |
Other key industry trends
- In terms of revenue, the North America accounted for 32.3% of the global security market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 11,365.6 million by 2030.
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Security Market Scope
Security Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global security market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to security market will help companies and investors design strategic landscapes.
System was the largest segment with a revenue share of 79% in 2023. Horizon Databook has segmented the Global security market based on system, service covering the revenue growth of each sub-segment from 2017 to 2030.
The crucial market driver for security is the growing unrest and insurgencies across the globe. The recent years have witnessed a substantial increase in terrorist attacks and cross border interventions. The rise in planned crimes and illegal activities has also driven the market for security and intrusion detection. Crimes have spread across the globe without any specific segment or industry being the target.
Large manufacturing plants, government sites, and energy fields are exposed to high risks of intrusions, theft of technologies and valuables, and smuggling of goods. As a result, organizations highly prefer implementing security systems for the detection of threats. Technological advancements have enabled terrorists to utilize modern weapons and enter other nations.
Terrorists use hi-tech and advanced systems that deceive the existing or conventional systems that are deployed by the government officials. This has created a high demand for security systems in the government and military sectors.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global security market , including forecasts for subscribers. This global databook contains high-level insights into Global security market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global security market size, by regions, 2017-2030 (US$M)
Top 10 countries: Security market size, 2023 (US$M)
Global security market share, by component, 2023 & 2030 (%, US$M)
Security market: Opportunity assessment by country
Global security market, by region, 2023 (US$M)
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