Asia Pacific Security Market Size & Outlook, 2023-2030
Asia Pacific security market, 2017-2030 (US$M)
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Asia Pacific security market highlights
- The Asia Pacific security market generated a revenue of USD 41,386.8 million in 2023.
- The market is expected to grow at a CAGR of 9.7% from 2024 to 2030.
- In terms of segment, system was the largest revenue generating component in 2023.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 41,386.8 million |
| Market revenue in 2030 | USD 79,030.8 million |
| Growth rate | 9.7% (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, Asia Pacific region accounted for 31.5% of the global security market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 79,030.8 million by 2030.
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Security Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 80.58% in 2023. Horizon Databook has segmented the Asia Pacific security market based on system, service covering the revenue growth of each sub-segment from 2017 to 2030.
Emerging technological advancement in Asia Pacific region is anticipated to drive the security market growth. The increased focus of the government on infrastructural development and security systems is expected to drive regional market growth.
Several emerging economies, such as China and India, are making huge investments to boost safety-related products and develop innovative products with advanced technology, such as wireless connectivity and more efficient cameras among others.
Growing IT & telecom sectors in nations like India, Singapore, South Korea, and China are accelerating the adoption of network integration services. Data volumes have also grown due to the expanding retail sector's use of digital solutions, such as system integration services, self service kiosks, POS terminals, electronic shelf labels, and scanning equipment, which allow major retail establishments to integrate and combine all the data.
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Our clientele includes a mix of security market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific security market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific security market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific security market size, by country, 2017-2030 (US$M)
Asia Pacific Security Market Outlook Share, 2023 & 2030 (US$M)
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