Security - Worldwide
Worldwide- The Security market worldwide is projected to witness a substantial increase in revenue, reaching a staggering US$23.7bn by 2024.
- This projection highlights a promising future for the Security market.
- Furthermore, it is expected to display a robust annual growth rate (CAGR 2024-2028) of 10.99%, resulting in a projected market volume of US$36.0bn by 2028.
- In terms of market penetration, the Security market is expected to attract a significant number of active households worldwide.
- By 2028, it is estimated that there will be approximately 630.5m users active households engaged in the Security market.
- This rise in household participation indicates a growing interest in security solutions.
- Moreover, household penetration is anticipated to witness a substantial increase from 10.2% in 2024 to 26.7% by 2028.
- This suggests that a larger proportion of households worldwide will adopt security measures to safeguard their homes and loved ones.
- Currently, the average revenue per installed Smart_Home stands at US$103.90, reflecting the value and importance attributed to security solutions.
- This figure underscores the significance of the Security market in providing individuals with a sense of safety and protection.
- When comparing global revenue generated in the Security market, it becomes evident that United States holds the dominant position.
- In 2024 alone, United States is projected to generate a remarkable revenue of US$6.9bn.
- This highlights the strong market presence and demand for security solutions United States.
- Overall, the Security market worldwide is expected to experience substantial growth, driven by increasing household participation and the importance placed on security measures.
- The projected revenue figures and market volume indicate a promising future for the Security market.
- In the worldwide security market, the United States remains a dominant player due to its advanced technology and robust defense industry.
- Key regions:
- Asia,
- Japan,
- United Kingdom,
- Norway,
- Europe
The Smart Home market Security includes the sale of devices and services for networked access control and management for buildings and premises. This includes surveillance products (e.g. security cameras and related data storage and transmission services, motion sensors, programmable and remote control door locks) as well as equipment for risk monitoring (connected smoke detectors and humidity sensors).
Remote surveillance and emergency services from specialized security firms which are not related to smart home are not included.
In-Scope
- Digitally connected and controlled devices for burglar prevention and other security issues
- Motion sensors, door locks, security cameras (with or without face recognition)
- Surveillance services with connection to a broader smart home
- Hazard prevention devices like water, smoke or gas sensors
Out-Of-Scope
- Classical security devices without smart home connection
- B2B/C2C sales of any kind (e.g. to hotels or office buildings)
