Security Solutions - Global Strategic Business Report

Global Security Solutions Market to Reach $841.7 Billion by 2030

The global market for Security Solutions estimated at US$453.6 Billion in the year 2022, is projected to reach a revised size of US$841.7 Billion by 2030, growing at a CAGR of 8% over the analysis period 2022-2030. Services, one of the segments analyzed in the report, is projected to record 7.2% CAGR and reach US$522.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Products segment is readjusted to a revised 9.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $123.6 Billion, While China is Forecast to Grow at 14% CAGR

The Security Solutions market in the U.S. is estimated at US$123.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$217.4 Billion by the year 2030 trailing a CAGR of 14% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 6.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Select Competitors (Total 34 Featured) -

• ADT
• Alarm.com
• Allegion plc
• Assa Abloy
• Avigilon
• Axis Communications AB
• Control4 Corp.
• Dahua Technology Co., Ltd
• Dallmeier electronic
• dormakaba Holding AG
• FLIR Systems, Inc.
• Godrej & Boyce
• Gunnebo AB
• Halma
• Hikvision
• Hochiki Corporation
• Honeywell International Inc.
• Johnson Controls
• Minimax Viking
• Nortek Security & Control
• Robert Bosch
• Secom Co. Ltd
• Siemens
• Stanley Convergent Security Solutions
• United Technologies

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
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• Complimentary updates for one year