North America Security Market Size & Outlook, 2023-2030
North America security market, 2017-2030 (US$M)
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North America security market highlights
- The North America security market generated a revenue of USD 42,491.9 million in 2023.
- The market is expected to grow at a CAGR of 7.1% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 42,491.9 million |
| Market revenue in 2030 | USD 68,791.7 million |
| Growth rate | 7.1% (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, North America region accounted for 32.3% 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 Scope
Security Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 76.24% in 2023. Horizon Databook has segmented the North America security market based on system, service covering the revenue growth of each sub-segment from 2017 to 2030.
In North America, there has been significant investment and adoption of access control systems across various sectors. The market for access control systems in this region has experienced substantial growth in recent years due to emerging security concerns, technological advancements, and regulatory requirements have contributed to the expansion of the market.
Moreover, Governments at various levels and public institutions in North America have invested in access control systems to enhance security and control access to sensitive areas. This includes government buildings, airports, public transportation systems, and critical infrastructure facilities.
North America has the biggest concentration of physical security solutions and service providers and is one of the regions of the world most affected by cyberattacks, particularly identity-related crimes. Governments in North America have ranked cybersecurity as the most significant economic and national security threat.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America security market , including forecasts for subscribers. This continent databook contains high-level insights into North America security market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America security market size, by country, 2017-2030 (US$M)
North America Security Market Outlook Share, 2023 & 2030 (US$M)
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