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Security Market Trends, Share, Size, Growth Analysis and Report 2022-2027

According to the latest report by IMARC Group, “, Share, Size, Industry Growth, Opportunity and Forecast 2022-2027“, the global security market reached a value of US$ 112.07 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 200.07 Billion by 2027, exhibiting a CAGR of 9.60% during 2022-2027.
Security refers to a system of protection against unauthorized access to organizational assets, such as computers, networks, and data. It plays a pivotal role in the modern business strategy, where a loophole can result in undesirable outcomes like theft and losing customer trust and loyalty. As a result, security helps preserve the integrity and confidentiality of sensitive information by blocking access for hackers.
Security Market Trends and Drivers:
The market is primarily driven by the increasing number of fraudulent activities. Consequently, the installation of security systems prevents malicious threats and potential security breaches. Besides this, the rising application of security systems in various industries is also contributing to the market growth. For instance, health firms nowadays rely on specialized information systems, such as electronic healthcare records (HER), e-prescribing, clinical decision support, and computerized physician order entry.
This increases the need for security from unauthorized access, use, and disclosure. Similarly, information and communication technology (ICT) in the logistics industry has also adopted these systems for transparency, cost-efficacy, and real-time tracking of goods. Moreover, the development of advanced security systems and the growing popularity of online shopping apps are also creating a favorable market outlook.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Security Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Ameristar Perimeter Security (Assa Abloy AB), ATG Access Ltd., Avon Barrier Corporation Ltd. (Perimeter Protection Group), Barrier1 Systems LLC, CIAS Elettronica Srl, Delta Scientific Corporation, EL-Go Team, Frontier Pitts Ltd., Honeywell International Inc., Johnson Controls International PLC, Senstar Corporation (Senstar Technologies Ltd.) and Teledyne FLIR LLC (Teledyne Technologies Incorporated).
The report has segmented the market on the basis of region, system, service and end user.
Breakup by System:
Access Control Systems
Alarms and Notification Systems
Intrusion Detection Systems
Video Surveillance Systems
Barrier Systems
Others
Breakup by Service:
System Integration and Consulting
Risk Assessment and Analysis
Managed Services
Maintenance and Support
Breakup by End User:
Government
Military and Defense
Transportation
Commercial
Industrial
Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure:
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
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