Product Code: r7740
“Security Solutions Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on security solutions market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for security solutions ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The security solutions market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Type: Product; Services; Other Types
- 2) By Application: Data Security And Privacy; Physical Security; Network And Cybersecurity; Application Security
- 3) By End Use: Commercial; Residential; Government; Healthcare; Other End-Users
- Companies Mentioned: Bosch Security Systems Inc.; Assa Abloy AB; Hangzhou Hikvision Digital Technology Co. Ltd; ADT Inc.; Honeywell International Inc.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the security solutions market are: Bosch Security Systems Inc., Assa Abloy AB, Hangzhou Hikvision Digital Technology Co. Ltd., ADT Inc., Honeywell International Inc., UTC Climate, Controls & Security, Secom Co. Ltd., Cisco Systems Inc., International Business Machines Corporation, Intel Corporation, Infineon Technologies AG, Allot Ltd., Fortinet Inc., ABB Ltd., and McAfee Corp.
The global security solution market is expected to grow from $346.33 billion in 2022 to $380.58 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The security solution market is expected to reach $548.92 billion in 2027 at a CAGR of 9.5%.
The security solutions market consists of revenues earned by entities by providing security solution services such as network design, security hardware, and software and storage solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. The security solution market also includes sales of video monitoring services, live security camera monitoring services and network security. which are used in providing security solutions services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
A security solution is a security system that prevents unauthorized access to and admission into various areas, such as defense, government, and personal ones. Security solutions are designed to protect against a wide range of threats, such as attacks, espionage, fire, subversion, accidents, and fire.
North America was the largest region in the security solutions market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in security solutions report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of security solutions include products, services and others. Services relate to the many professional solutions and support provided by security businesses or consultants to assist organizations in implementing, managing, and maintaining effective security measures. They are used in applications such as data security and privacy, physical security, network and cybersecurity and application security in end-users such as commercial, residential, government, healthcare and others.
The growing number of crime cases and terrorist activities is expected to propel the growth of the security solutions market going forward. A criminal case is a court hearing in which a federal, state, or municipal government prosecutor charges someone with a crime. Terrorist activities refer to the use or threat of violence and try to instill terror in many people, not only the direct victims. Security solutions conduct forensic analyses on the log data produced by the IT infrastructure to reconstruct crime cases and terrorist activities. For instance, in May 2022, according to the article published by the Centers for Disease Control and Prevention, a US-based national public health agency, the firearm homicide rate rose by about 35% in 2020. There were 6.1 firearm homicides in 2020 compared to 4.6 in 2019, a 34.6% increase. Therefore, the growing number of criminal cases and terrorist activities are driving the security solutions market.
Product innovation is a key trend gaining popularity in the security solutions market. Major companies operating in the security solutions market are focused on developing innovative products with advanced technologies to strengthen their position in the market. For instance, in April 2020, FLIR Systems Inc., a US-based company specializing in designing and producing thermal security cameras and sensors, launched the innovative FLIR A400/A700. Thermal Smart Sensor and Thermal Image Streaming fixed camera security solutions for monitoring equipment, production lines, critical infrastructure, and screening for elevated skin temperatures. These highly configurable smart camera security solutions systems provide accurate, non-contact temperature monitoring across various disciplines of manufacturing process control, product development, emissions monitoring, waste management, facilities maintenance, and environmental, Health, and Safety (EHS) improvements.
In April 2022, Sophos Group plc, a UK-based provider of next-generation cybersecurity solutions acquired SOC.OS for an undisclosed amount. With the acquisition of SOC.OS, Sophos intends to improve its Managed Threat Response (MTR) and Extended Detection and Response (XDR) solutions for businesses of all sizes by incorporating more telemetry and context from alerts and events across dozens of third-party endpoint, server, firewall, Identity and Access Management (IAM), cloud workload, email, and mobile security products. SOC.OS is a UK SaaS-based security company
The countries covered in the security solutions market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The security solutions market research report is one of a series of new reports from The Business Research Company that provides security solutions optical components market statistics, including security solutions optical components industry global market size, regional shares, competitors with a security solutions optical components market share, detailed security solutions optical components market segments, market trends and opportunities, and any further data you may need to thrive in the security solutions optical components industry. This security solutions optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Security Solutions Market Characteristics
3. Security Solutions Market Trends And Strategies
4. Security Solutions Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Security Solutions Market
- 4.2. Ukraine-Russia War Impact On Security Solutions Market
- 4.3. Impact Of High Inflation On Security Solutions Market
5. Security Solutions Market Size And Growth
- 5.1. Global Security Solutions Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Security Solutions Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Security Solutions Market Segmentation
- 6.1. Global Security Solutions Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Product
- Services
- Other Types
- 6.2. Global Security Solutions Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Data Security And Privacy
- Physical Security
- Network And Cybersecurity
- Application Security
- 6.3. Global Security Solutions Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Commercial
- Residential
- Government
- Healthcare
- Other End-Uses
7. Security Solutions Market Regional And Country Analysis
- 7.1. Global Security Solutions Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Security Solutions Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Security Solutions Market
- 8.1. Asia-Pacific Security Solutions Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Security Solutions Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Security Solutions Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Security Solutions Market
- 9.1. China Security Solutions Market Overview
- 9.2. China Security Solutions Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Security Solutions Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Security Solutions Market
- 10.1. India Security Solutions Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Security Solutions Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Security Solutions Market
- 11.1. Japan Security Solutions Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Security Solutions Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Security Solutions Market
- 12.1. Australia Security Solutions Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Security Solutions Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Security Solutions Market
- 13.1. Indonesia Security Solutions Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Security Solutions Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Security Solutions Market
- 14.1. South Korea Security Solutions Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Security Solutions Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Security Solutions Market
- 15.1. Western Europe Security Solutions Market Overview
- 15.2. Western Europe Security Solutions Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Security Solutions Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Security Solutions Market
- 16.1. UK Security Solutions Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Security Solutions Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Security Solutions Market
- 17.1. Germany Security Solutions Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Security Solutions Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Security Solutions Market
- 18.1. France Security Solutions Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Security Solutions Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Security Solutions Market
- 19.1. Eastern Europe Security Solutions Market Overview
- 19.2. Eastern Europe Security Solutions Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Security Solutions Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Security Solutions Market
- 20.1. Russia Security Solutions Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Security Solutions Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Security Solutions Market
- 21.1. North America Security Solutions Market Overview
- 21.2. North America Security Solutions Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Security Solutions Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Security Solutions Market
- 22.1. USA Security Solutions Market Overview
- 22.2. USA Security Solutions Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Security Solutions Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Security Solutions Market
- 23.1. South America Security Solutions Market Overview
- 23.2. South America Security Solutions Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Security Solutions Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Security Solutions Market
- 24.1. Brazil Security Solutions Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Security Solutions Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Security Solutions Market
- 25.1. Middle East Security Solutions Market Overview
- 25.2. Middle East Security Solutions Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Security Solutions Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Security Solutions Market
- 26.1. Africa Security Solutions Market Overview
- 26.2. Africa Security Solutions Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Security Solutions Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Security Solutions Market Competitive Landscape And Company Profiles
- 27.1. Security Solutions Market Competitive Landscape
- 27.2. Security Solutions Market Company Profiles
- 27.2.1. Bosch Security Systems Inc.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Assa Abloy AB
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Hangzhou Hikvision Digital Technology Co. Ltd
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. ADT Inc.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Honeywell International Inc.
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Security Solutions Market
29. Security Solutions Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer