Commercial Security System Market - By System Type (Access Control System, Entrance Control System, Fire Protection System, Video Surveillance System), By Component (Hardware, Software, Services), By Verticals & Forecast, 2023 – 2032
Published Date: March - 2025 | Publisher: MIR | No of Pages: 240 | Industry: Media and IT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationCommercial Security System Market Size
In 2022, the market for security systems used by businesses was valued at a hefty $187.4 million. And guess what? Experts predict that it's going to keep growing by over 7% every year until 2032. Why the surge in interest? It's simplebusinesses are waking up to the dangers lurking out there. They realize that safeguarding their assets, employees, and sensitive data is important, so they're not cutting corners on security. That heightened awareness has businesses racing to spend money on the newest security technology, which is providing a huge boost to the commercial security system market.
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A commercial security system is a set of integrated solutions and devices aimed at protecting businesses, commercial properties, and assets against a range of threats such as theft, vandalism & unauthorized access. Commercial security systems often consist of devices such as surveillance cameras, access control systems, burglar alarms, motion detectors, and fire detection systems. Commercial security systems are implemented to monitor, record, and control entry into commercial buildings, giving instant security warnings and allowing owners & operators of businesses to have the safety & security of their facilities, employees & valuable assets.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Commercial Security System Market Size in 2022 | USD 187.4 Million |
| Forecast Period | 2022 to 2032 |
| Forecast Period 2022 to 2032 CAGR | 7% |
| 2032 Value Projection | USD 350 Million |
| Historical Data for | 2018 – 2022 |
| No. of Pages | 200 |
| Tables, Charts & Figures | 326 |
| Segments covered | System Type, Component, Vertical |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
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Cyber threats act as a hindrance to the development of the commercial security system market by raising questions about the security of networked systems. With greater digitization and networking of security systems, they are susceptible to cyber attacks such as hacking and data breaches. This raises questions about the effectiveness and dependability of these systems, deterring potential buyers. Firms are hesitant to adopt security solutions that themselves can be vulnerabilities. Filling these vulnerabilities and possessing adequate cybersecurity in commercial security systems is necessary to make sure market development & consumer confidence.
COVID-19 Impact
COVID-19 impacts on the commercial security system market are postponed or suspended installation projects due to lockdowns and funding deficiencies. Many companies rescheduled security system upgrade or addition amidst economic uncertainty. In addition, disruptions in security parts supply chains affected availability and higher prices. Reduced physical traffic in business areas led to decreased demand for certain security solutions. Overall, the pandemic temporarily decelerated market growth but long-term demand for security remains strong as businesses are dedicated to safety and risk mitigation.
Commercial Security System Market Trends
Commercial security system market trends include increasing application of AI and ML to perform advanced threat detection & analytics. Cloud security products are gaining traction, with the advantage of scalability and remote monitoring. IoT device integration is on the upswing, with security systems becoming more intelligent and connected. Cybersecurity is top-of-mind, with increased demand for secure and cyber-resilient solutions. Facial recognition and biometric access control are increasingly being utilized for stronger authentication.
Commercial Security System Market Analysis
Learn more about the key segments driving this market
Based on system type, the market is categorized into access control system, entrance control system, fire protection system, and video surveillance system. The access control system segment dominated the global market in 2022 with a revenue share of over 30%.
Access control systems are witnessing growth due to several significant factors. Increased awareness of security risks necessitates organizations to spend on advanced access control solutions for protecting their assets and data.
Technological advancements like biometrics and mobile access offer safer & simpler access control means. Compatibility with other security devices such as surveillance cameras and alarms offers an integrated security ecosystem.
The consistent shift towards flexible office space and remote work has led to increased demand for remotely monitored and managed access control systems, fueling market growth.
Learn more about the most significant segments characterizing this market
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Based on vertical, the market is segmented into banking & finance, education, energy & utility, government, healthcare, military & defense, retail, transportation, and others. The retail vertical is expected to maintain a CAGR of over 8% from 2023 to 2032.
The retail sector is experiencing tremendous growth on the back of some very sound reasons. The rise in organized retail crime, theft, and fraud has also prompted retailers to invest in sound security systems. Video analytics and surveillance assist retailers not only in preventing theft but also in enhancing store layouts, analyzing customer behavior & streamlining operations.
The retail vertical is increasingly embracing omnichannel & e-commerce tactics, making cybersecurity a top agenda item. Their online infrastructure must be locked down to protect the customer data as well as ensure trust. Broadly speaking, innovation in the retail vertical is driven by a combination of technology advancements & shifts in consumer behaviors, which makes commercial security solutions a necessity for modern retailing business.
In search of region specific information?
North America dominated the security market in 2022, with a lion's share of more than 30%. The region is on an upswing because threats such as theft, vandalism, and cyberattacks are increasing, leaving companies and individuals with no option but to seek sound security solutions. Governments have also enhanced security regulations, particularly in healthcare and finance, so that companies have no option but to step up their security game. All thanks to AI, security systems are becoming smarter and more effective. The US, specifically, is at the forefront of this market because individuals are becoming increasingly concerned about their security, crime is on the rise, and emerging surveillance and access control technologies are constantly being introduced. Companies are investing in these systems to protect their money, staff, and clients. And that's what's fueling the demand for security systems through the roof.
Commercial Security System Market Share
The commercial security system industry is highly competitive owing to the presence of key players such as
- Honeywell International Inc.
- Johnson Controls International
- Bosch Sicherheitssysteme GmbH (Robert Bosch GmbH)
- Axis Communication AB
- Securitas Technology
- Siemens
- UTC Fire & Security
These market players are adopting strategic initiatives including mergers & acquisitions, product offerings, technological advancements, innovation, and geographical expansion to gain significant market share & a competitive edge.
Commercial Security System Industry News
- In March 2023, Securitas Technology, a world-leading provider of integrated security systems, launched, the electronic security expertise and capabilities of Securitas and STANLEY Security and acquired STANLEY Security in July 2022. Securitas Technology is poised to redefine the future of the industry.
The commercial security system market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments
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By System Type
- Access Control System
- Entrance Control System
- Fire Protection System
- Video Surveillance System
By Component
- Hardware
- Cameras
- Bullet Cameras
- Dome Cameras
- Fisheye Cameras
- Thermal Cameras
- PTZ Cameras
- Sensors
- Monitors
- Alarm Systems
- Keypad
- Intercom Systems
- Software
- Web-based
- App-based
- Services
- Security System Integration
- Remote Monitoring
- Video Surveillance
- Inspection & Maintenance
- Customer Support
By Verticals
- Banking & Finance
- Education
- Energy & Utility
- Government
- Healthcare
- Military & Defense
- Retail
- Transportation
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- ANZ
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- MEA
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
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